First-year fee
Issuance Fee: ₹275 + GST
Annual fee
Annual Fee: ₹275 + GST
How it compares
Compared with the cards we have read
Fees
Annual fee
Annual Fee: ₹275 + GST
Joining fee
Issuance Fee: ₹275 + GST
Fee waiver rule
Spend condition for next year’s annual fee waiver: N.A.
Add-on card fee
Additional Card Fee N.A.
Charges
Cash advance fee
Not offered: No cash withdrawal permitted.
Cash withdrawal limit
N.A. (No cash withdrawal permitted)
Interest on unpaid balance
Not Applicable since the card is linked to existing Underlying Account & there is no fresh credit line issued
Interest-free period
Interest free Period N.A. (No billing on the card)
Late payment fee
Late payment charges will not be applicable since the card is linked to existing Underlying Account & there is no fresh credit line issued.
Over-limit fee
Charges on over limit Account N.A.
Payment return or dishonour fee
Cheque return or Dishonour or Auto-debit Reversal N.A.
Card replacement fee
₹225/
Cash payment / cash deposit fee
Fee for Cash Payment N.A.
Fee for paying the bill by cheque
N.A. (Repayment not required on the credit card)
Reward redemption fee
Rewards Redemption Fee N.A.
GST note
Goods & Service Tax (GST) will be applicable on all fees, interest and other charges at rates as notified by the Government of India from time to time
Eligibility
Eligibility
Federal Bank OD account holder with limits up to 50 Lacs; Individuals engaged in activities (manufacturing and services) coming under definition of MSMED Act 2006; Individuals & sole proprietors only to be considered
How we know - 2 documents from Federal Bank, checked 8 Nov 2026
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