Federal Bank New Delhi

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About Federal bank

Federal bank is one of India’s leading bank in the private sector which has constantly strived to work for the people of the country. For a modest beginning in 1931 with a capital of Rs. 5,000, the bank today stands proudly as one of the most stable financial institutions in India. Previously referred as Travancore bank, the bank got its name as Federal Bank Limited in the year 1947, when India finally got its independence from the British. The bank has its main headquarters in Aluva, Kochi , where it was relocated in 1945. In the 1970s the bank witnessed massive expansion in terms of branches and financial products. By 1977, the bank was successful in raising its capital to Rs. 100 Lakhs up from Rs. 10.66 Lakhs. The bank has always thought from a customer point of view and therefore has delivered products that match their preferences.

It was the first traditional bank which acted as a sponsor for White Label ATMs in the nation. From offering Virtual Accounting System (VAS) to introducing FedBook, the bank has done it all.  It even ensured that it is one of the first banks to get all the branches interconnected and automated, so as to accelerate the entire banking process. New Delhi is not only the capital of India but the lifeline of the country as well. People from different states come to the city every day. Federal bank is also working all round the corner to take care of the budding needs of the population of the city.

Address of Federal Bank branches in New Delhi

BranchAddressIFSCMICRContact details
Connaught CircusM - 17, Connaught Circus, New Delhi, Delhi, New Delhi, 110001 , New DelhiFDRL00011051100490021800-425-1199
Westend Colony6 & 7 Convenient Shopping Centre, Westend Colony, , New Delhi, 110021 , New DelhiFDRL00011941100490041800-425-1199
Chandni Chowk64, Katra Baryan, Chandni Chowk, Fatehpuri, , Delhi, 110006 , New DelhiFDRL00012621100490031800-425-1199
Nehru PlaceG.I - 6 Satkar Building, 79 - 80 Nehru Place, , New Delhi, 110019 , New DelhiFDRL00013021100490051800-425-1199
Greater Kailash IIS - 571, Greater Kailash - II New Delhi, 110048 , New DelhiFDRL0001360110049008011-29212094
Karol Bagh1001, Faiz Road, Arya Samaj Road Crossing, Karol Bagh, New Delhi, 110005 , New DelhiFDRL0001382110049009011-28752984
Nirman ViharE - 372, , Ground Floor, Nirman Vihar, New Delhi, 110092 , New DelhiFDRL0001451110049013011-22440956
PritampuraGround Floor, B - 156, Lok Vihar, Road No.44, Pitampura, 110034 , New DelhiFDRL0001453110049014011-27354333
RohiniIst Floor, Sgl Plaza, Plot No.10, Community Centre, Sector Ix, D C Chowk, Rohini, , 110085 , New DelhiFDRL0001474110049015011-27556501
Mayur ViharUttara Guruvayurappan Temple Cmplx, East Gate, Krishna Marg, Pocket - 3, Mayur Vihar Phase - 1, East Delhi, 110091 , New DelhiFDRL0001478110049016011-22717291
New Delhi Vyk ExtensionViswa Yuvak Kendra Circular Road Chankyapuri New Delhi 110021FDRL0001523110049002011 23793053

Products offered by Bank

Federal bank provides its customers with a variety of loan products like home loan, car loan, personal loan, educational loan and business loan. You can even open a savings account or a fixed deposit account with the bank. In case, you require funds for any purpose you can always expect a helping hand from the bank. To have a better understanding of the products offered by Federal bank, take a look at the table below.

Basic details of Federal bank loans in New Delhi

ProductEligibilityLoan amountInterest rateProcessing feeTenure
Home LoanYou must be a salaried employee or a self-employed or a business in order to avail a home loan from the bank.

The total employment stability needs to be at least 2 years.
Current employment stability of minimum 1 year is required.
Up to Rs. 1500 Lakhs8.60% - 9.20%Up to 30 years
Personal loanThe monthly salary should be Rs. 50,000 and above.
Applicant’s maximum age should be 55 years.
The applicant should be employed in the present job for at least three years
Only applicants in the cities selected by bank can apply. They are Bengaluru, New Delhi & NCR, Chennai, Mumbai, Kochi, Pune and Thiruvananthapuram
Rs. 10 Lakhs11.75% - 14.65%48 months i.e. 4 years
Car LoanThe applicant should take home a minimum of Rs 7500 after meeting all monthly EMI commitments. This also includes the proposed one.
Resident individuals and big corporates can apply for a car loan from the bank
9.15% - 9.45%0.50% of the loan amount .

It can be a minimum of Rs. 500.
New vehicle- 5 years

Salaried- 7 years

Old car- 5 years
Fixed depositsPeople who can open a fixed deposit with the bank-
An individual
Hindu United Family
Associations/Clubs
Joint Stock companies
Firms
Sole Proprietary concerns
Guardians for minor children
Any entity which has not been prohibited by Reserve Bank of India.

Individuals can jointly open an account with another person
The minimum amount required for a fixed deposit at Federal Bank is Rs. 1,000.
No maximum limit has been set as such.
You can get a loan against your fixed deposits upto 90% of the deposit
3.50% - 7.80%NILMinimum- 7 days
Maximum- 10 years
Gold LoanAny individual who owns gold coins or ornaments is eligible to apply for a gold loanUp to Rs. 75 lakhs12.50-13.50%12 months
Education LoanThe applicant should be an Indian national.
He/she needs to secure admission into one of the institutes selected by the bank
Up to Rs 20 Lakhs10.15-14.75%No processing fee10 years
Property Loan Individuals (Residents, Non-residents, PIOs) can applyUp to Rs 5 crore11.65-14.9%1% of the sanctioned amountUp to 15 years
Business LoanFirms, individuals or any company can applyFor professionals- up to Rs 2 crore11.50%Up to 120 months i.e
10 years

Documents required

ProductDocuments
Home loanTwo photographs of passport size of the applicant and the co obligant

Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

Proof of Age- Birth Certificate/Passport/ SSLC or AISSE Certificate/Driving License

Proof of Income-
Salaried individuals:
Salary slip of three months /Latest salary certificate,
IT returns of the past two years or Form 16
bank statement of the past six months.
Self-employed-
Bank account statements of the past 12 months
proof of existence of business and its profile
Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account
IT returns of the past two years supported by tax calculation sheet

Property documents-
Agreement for Sale & construction,
Letter of Allotment,
Tripartite Agreement which has to be given before disbursal of loan,
Certificate of possession,
Detailed cost of construction and Land tax receipt.
Personal LoanCompletely filled application form which is duly signed

Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

A copy of PAN card is mandatory

Applicant’s latest photo of passport size ( two copies)

Income Documents- Salary slip of three months /Latest salary certificate, IT returns of the past two years or Form 16 and bank statement of the past six months
Car loanTwo photographs of passport size of the applicant and the co obligant

Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

Proof of Age- Birth Certificate/Passport/ SSLC or AISSE Certificate/Driving License

Proof of Income-
Salaried individuals:
Salary slip of three months /Latest salary certificate,
IT returns of the past two years or Form 16
bank statement of the past six months.
Self-employed-
Bank account statements of the past 12 months
proof of existence of business and its profile
Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account
IT returns of the past two years supported by tax calculation sheet

Other documents-
Invoice
Own house proof or latest land tax receipt
In case of used car, Valuation and sale letter from an authorised used car dealer
Some property documents if loan amount is above 10 Lakhs-
document of title,
possession certificate,
EC for 13 years
location sketch
Gold loanIn case you are new customer, you require the following documents-
Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Recent photograph of passport size

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill/Trade license/Sales tax certificate
Loan against propertyTwo photographs of passport size of the applicant and the co obligant

Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

Proof of Age- Birth Certificate/Passport/ SSLC or AISSE Certificate/Driving License

Proof of Income-
Salaried individuals:
Salary slip of three months /Latest salary certificate,
IT returns of the past two years or Form 16
bank statement of the past six months.
Self-employed-
Bank account statements of the past 12 months
proof of existence of business and its profile
Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account
IT returns of the past two years supported by tax calculation sheet

Property documents-
Agreement for Sale & construction,
Letter of Allotment,
Tripartite Agreement which has to be given before disbursal of loan, Certificate of possession,
Detailed cost of construction and Land tax receipt.
Education loanProof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

Admission letter/Offer letter

Fee structure proof

Basic Qualification and mark-list
Fixed depositsA coloured photograph
Passport/ Driving License
Last six months bank account details

Documents required from the trust, association/ clubs
Photographs of the member operating the account.
A Copy of the Trust Deed/ Bye- laws of the association.
A Copy of registration certificate.
A Copy of the resolution of trustee authorizing the member to operate and open the accounts
Business LoanProof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card

Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill

Bank statement of the last six months

Proof of continuation -ITR /Establishment / Trade license/Sales Tax certificate
Income Tax returns of the previous two years along with audited Balance Sheet and Profit & Loss account if applicable

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