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Esteem Savings Account Scheme
The Federal Bank has introduced a special Esteem Savings Account Scheme for senior citizens, a new savings account scheme exclusively designed keeping in mind the needs of people aged 55 years and above. The scheme reflects its commitment to provide the best banking experience to the customers. Several special incentives like health, financial facilities, and family benefits are being provided through this account.
The salient features of Esteem Savings Account Scheme include free annual health check-up, cash facility at the hospital, and availability of a doctor on call. Apart from this, special discounts are also given on health and elderly care. The account also benefits the family members of the customers, which includes a free zero balance account for the spouse and two zero balance accounts for the grandchildren.
Shalini Warrier, Executive Director, Federal Bank, while highlighting this unique scheme, said that this account has been designed keeping in mind the comfort, health, and financial well-being of senior citizens. It not only simplifies their financial affairs but also provides facilities for their family. Federal Bank believes in ensuring that every customer is fully empowered to achieve their financial goals.
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Key Features of the Esteem Savings Account Scheme
The Esteem Savings Account offers several exclusive benefits, ensuring a secure, convenient, and rewarding banking experience for senior citizens. Here are some highlights:
Health Benefits:
- Free annual health check-up.
- Access to hospital cash facilities.
- A Doctor on Call service for immediate medical advice.
- Special discounts on healthcare, elderly care, and other health-related services.
Family Benefits:
- A zero-balance savings account for the spouse of the Esteem Savings Account holder.
- Two zero-balance accounts for grandchildren, promoting financial inclusion across generations.
Convenience & Support:
- Specialized assistance and care services tailored to senior citizens’ needs.
- Additional discounts on services related to convenience and well-being.
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Focus on Senior Citizens’ Financial Well-Being
The Esteem Savings Account Scheme has been developed with a clear focus on ensuring the financial well-being and comfort of senior citizens. This premium account aligns with Federal Bank’s mission to empower its customers by offering them tailored products and services.
Shalini Warrier, Executive Director at Federal Bank, expressed her excitement at the launch, stating:
In today’s era, individuals aged 55 and above have a lot of opportunities and options. We are delighted to launch this account, which caters to the needs of this age group. Focusing on comfort, health, and financial well-being, this innovative savings account offers a comprehensive bouquet of services and benefits to its account holders. Federal Bank is always committed to empowering its customers to achieve their financial goals.
Why Choose the Esteem Savings Account?
The Esteem Savings Account is more than just a savings plan; it is a comprehensive financial solution for senior citizens. Here’s why it stands out:
- Financial Security: Zero-balance accounts for spouses and grandchildren promote financial stability within families.
- Health Priority: Free health check-ups and medical services ensure that senior citizens can prioritize their well-being without financial worries.
- Tailored Services: Special discounts and support for elderly care and convenience services add to the account’s appeal.
How to Apply for the Esteem Savings Account
Applying for the Esteem Savings Account Scheme is simple. Senior citizens can visit their nearest Federal Bank branch or access the bank’s official website to learn more and start the application process. Bank representatives are also available to guide customers through the account’s features and benefits.
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Federal Bank’s Commitment to Excellence
The launch of the Esteem Savings Account Scheme reflects Federal Bank’s ongoing commitment to offering innovative and customer-centric banking solutions. By addressing the specific needs of senior citizens, the bank has set a benchmark in personal banking, ensuring comfort, security, and satisfaction for this important demographic.For more details, visit the nearest Federal Bank branch or explore the bank’s official website.