Federal Bank Pune

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About Federal bank

Federal bank has been one of India’s oldest private sector commercial banks which has catered to the financial needs of the people since a long time. The bank began its journey on April 28, 1931, when India was struggling for its independence. It began conducting the operations with a mere capital of Rs. 5,000. The bank relocated to the main head office in Aluva, Kochi in the year 1945 and opened another branch in Angamally in 1946. The year 1970 was a very important year for the bank when it became a fully fledged commercial bank, marking 25 years since it started its operations in Aluva. Emerging as the most admired bank has always been the vision of Federal bank. It has constantly tried to design better financial products for its customers and even exceed their expectations.

Federal bank has seen a very successful journey over the past 86 years. It was one of the early traditional banks which made its branches automated and interconnected. It was also very quick in introducing the concept of mobile banking and mobile alerts service in India.  The bank can be credited for being the first major traditional bank to start IMPS facility in India through internet banking. The bank has been rewarded for its splendid performance in the banking sector. It won the Best Corporate Award in 2016 in an award function hosted by Economic Times. Federal bank has opened several branches in the city of Pune so that it can deliver the products and services tot he customer on time.

Address of Federal bank branches in Pune

The address of every Federal bank Pune branch has been given below along with their IFSC and MICR codes.

BranchesAddressIFSCMICRContact details
PuneArihant, 1187/26, Ghole Road, Near Balgandharva Square, 411005 , MaharashtraFDRL00013484110490021800-420-1199
KothrudUnnati Plot No 61 Opp Vanaz Industry Lokmanya Colony Kothrud Pune 411038FDRL00015004110490031800-420-1199
Warje MalwadiSuryakiran 1727 Nda Road Warje Malwadi Pune 411029FDRL00015064110490051800-420-1199
Sinhagad RoadNo 39/38 Sundar Park C Building Shop No 1 - 5 Niranjan Park Lane Manik Baug Behind Petrol Pump Sinhagad Road PuneFDRL00015104110490061800-420-1199
AundhGround Floor, Supreme Square Near Shiv Sagar Hotel D.P Road, Parihar Chowk Aundh, Pune – 411007FDRL00016634110490081800-420-1199
BibvewadiUnit No 3, Upper Ground Floor, Cru Mall, Main Gangadham Road, Opp Gagan Vihar Society, Maharashtra - 411037FDRL000181994110490121800-420-1199
Pimple SaudagarGround Floor, Prime Square, No 125/5, Aundha Annexe, Pimple Saudagar, Maharashtra - 411027FDRL00018184110490131800-420-1199
Chakan NanekarwadiGround Floor, Hrishikesh Chambers, Shivaji Chowk, Chakan Talegaon Road, Chakan P.O, Pune Dist. , Maharashtra - 410 501FDRL00017864110490111800-420-1199
PhursungiGround Floor, Deshmukh Estate, Opp. Sp Infocity, Pune Saswad Road, Phursungi P.O, Haveli Taluk, Pune, Maharashtra - 412 308FDRL00017854110490101800-420-1199
ShivaneHari Vitthal Plaza, Survey No:14/1A, Shivane P.O, Haveli Taluk, Pune Dist.,
Maharashtra - 411 023
FDRL00017674110490091800-420-1199
Retail hubRetail Hub , First Floor, Sai Krupa Building, Opp. Spencers, Bhandarkar Road, Deccan, Pune -411004FDRL0000317Non-MICR1800-420-1199
Tilak RoadGround Floor, Shree Krishna Complex 1026, Shukrawar Peth Tilak Road , Pune, Maharashtra 411002FDRL00019464110490141800-420-1199
Takrar WadiShop No 10, Grampanchayat Building, Takrar Wadi, Indapur Taluk, Pune District, Maharashtra, 413130FDRL0002265Non-MICR1800-420-1199

Products offered by Federal Bank

Federal bank is the one stop destination for all your financial problems. Want to purchase a stylish apartment? Secure a home loan from Federal bank. Need funds for your daughter’s wedding? Avail a personal loan from the bank. Want to buy a car of your choice? Get instant car loan from Federal bank. The situations may not be same but the problem resolver is one- Federal bank. Get all the essential information about the products and documentation work in the table given below.

Basic details of Federal bank loans in Pune

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 Lakhs9.10% - 9.20%Up to 30 years
Personal loanNot applicable here

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% pf the loan amount .

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

For Salaried individual- 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

The list of documents required for every Federal bank product has been given below.

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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