Top Banks 2024
Federal Bank Pune
Last Updated : March 25, 2017, 9:40 a.m.
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.
| Branches | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| Pune | Arihant, 1187/26, Ghole Road, Near Balgandharva Square, 411005 , Maharashtra | FDRL0001348 | 411049002 | 1800-420-1199 |
| Kothrud | Unnati Plot No 61 Opp Vanaz Industry Lokmanya Colony Kothrud Pune 411038 | FDRL0001500 | 411049003 | 1800-420-1199 |
| Warje Malwadi | Suryakiran 1727 Nda Road Warje Malwadi Pune 411029 | FDRL0001506 | 411049005 | 1800-420-1199 |
| Sinhagad Road | No 39/38 Sundar Park C Building Shop No 1 - 5 Niranjan Park Lane Manik Baug Behind Petrol Pump Sinhagad Road Pune | FDRL0001510 | 411049006 | 1800-420-1199 |
| Aundh | Ground Floor, Supreme Square Near Shiv Sagar Hotel D.P Road, Parihar Chowk Aundh, Pune – 411007 | FDRL0001663 | 411049008 | 1800-420-1199 |
| Bibvewadi | Unit No 3, Upper Ground Floor, Cru Mall, Main Gangadham Road, Opp Gagan Vihar Society, Maharashtra - 411037 | FDRL00018199 | 411049012 | 1800-420-1199 |
| Pimple Saudagar | Ground Floor, Prime Square, No 125/5, Aundha Annexe, Pimple Saudagar, Maharashtra - 411027 | FDRL0001818 | 411049013 | 1800-420-1199 |
| Chakan Nanekarwadi | Ground Floor, Hrishikesh Chambers, Shivaji Chowk, Chakan Talegaon Road, Chakan P.O, Pune Dist. , Maharashtra - 410 501 | FDRL0001786 | 411049011 | 1800-420-1199 |
| Phursungi | Ground Floor, Deshmukh Estate, Opp. Sp Infocity, Pune Saswad Road, Phursungi P.O, Haveli Taluk, Pune, Maharashtra - 412 308 | FDRL0001785 | 411049010 | 1800-420-1199 |
| Shivane | Hari Vitthal Plaza, Survey No:14/1A, Shivane P.O, Haveli Taluk, Pune Dist., Maharashtra - 411 023 | FDRL0001767 | 411049009 | 1800-420-1199 |
| Retail hub | Retail Hub , First Floor, Sai Krupa Building, Opp. Spencers, Bhandarkar Road, Deccan, Pune -411004 | FDRL0000317 | Non-MICR | 1800-420-1199 |
| Tilak Road | Ground Floor, Shree Krishna Complex 1026, Shukrawar Peth Tilak Road , Pune, Maharashtra 411002 | FDRL0001946 | 411049014 | 1800-420-1199 |
| Takrar Wadi | Shop No 10, Grampanchayat Building, Takrar Wadi, Indapur Taluk, Pune District, Maharashtra, 413130 | FDRL0002265 | Non-MICR | 1800-420-1199 |
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
| Product | Eligibility | Loan amount | Interest rate | Processing fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | You 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 Lakhs | 10.15% - 10.30% | Up to 30 years | |
| Personal loan | Not 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 Lakhs | 10.49% - 17.99% | 48 months i.e. 4 years | |
| Car Loan | The 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 | 7.65% Onwards | 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 deposits | People 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 | 2.50% - 6.00% | NIL | Minimum- 7 days Maximum- 10 years |
| Gold Loan | Any individual who owns gold coins or ornaments is eligible to apply for a gold loan | Up to Rs. 75 lakhs | 12.50-13.50% | 12 months | |
| Education Loan | The 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 Lakhs | 10.15-14.75% | No processing fee | 10 years |
| Property Loan | Individuals (Residents, Non-residents, PIOs) can apply | Up to Rs 5 crore | 11.65-14.9% | 1% of the sanctioned amount | Up to 15 years |
| Business Loan | Firms, individuals or any company can apply | For professionals- up to Rs 2 crore | 11.50% | Up to 120 months i.e 10 years |
Documents required
The list of documents required for every Federal bank product has been given below.
| Product | Documents |
|---|---|
| Home loan | Two 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 Loan | Completely 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 loan | Two 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 loan | In 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 property | Two 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 loan | 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 Admission letter/Offer letter Fee structure proof Basic Qualification and mark-list |
| Fixed deposits | A 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 Loan | 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 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 |