anuragmukherjee28
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Feature | Description |
Earning Points | Earn points on debit card /credit card spending, online banking/mobile banking transactions, partner store purchases (bonus points possible). |
website to Redeem points | ***********.federalrewards.in/ |
Enrollment | 1 account is created automatically per Federal Bank customers |
Point Value | 1 Federal Point = Rs. 0.25 |
Point Validity | 36 months (excluding accrual month). Partner points might have shorter validity (12 months). |
Federal Bank offers a loyalty program called Federal Rewards. Here's a breakdown of the program's key features:
Details of Federal Loyalty Rewards Enrollment :-
- All Federal Bank customers with Debit Cards, Credit Cards, Internet Banking, or Mobile Banking are automatically signed up for Federal Rewards (individually).
- You only have one Federal Rewards membership regardless of how many accounts you have with Federal Bank (or the type of accounts).
How to Earn Points ?
There are 4 ways to earn points:-- Earn Federal Points using Debit Cards
- Earn Federal Points using Credit Cards
- Earn Federal Points using Internet Banking
- Earn Federal Points using Mobile Banking
FEDERAL POINT VALUE
1 Federal Point = Rs. 0.25Example:
- You earn 1 point for every Rs. 100 spent.
- You spend Rs. 10,000.
- Total points earned: 10,000 rupees / 100 rupees/point = 100 points
- Total money earned: 100 points * Rs. 0.25/point = Rs. 25
FEDERAL POINT VALIDITY
36 months (excluding accrual month). Partner points might have shorter validity (12 months).Federal Points using Debit Cards
This table outlines how many points you can earn based on the specific Federal Bank Debit Card you hold
Debit Card Type | Points |
Celesta | 1 point for every INR 100 spent |
Celesta Business | 1 point for every INR 100 spent |
Celesta NRI | 1 point for every INR 100 spent |
VISA | 1 point for every INR 200 spent |
RuPay | 1 point for every INR 200 spent |
RuPay Classic | 1 point for every INR 200 spent |
RuPay Platinum | 1 point for every INR 200 spent |
MasterCard Imperio | 1 point for every INR 150 spent |
Visa Imperio Business | 1 point for every INR 150 spent |
MasterCard Crown | 1 point for every INR 200 spent |
Additional points:-
- You will earn 5000 Bonus Reward Points on your first transaction with Federal Bank Celesta Debit Card
- You can Earn 5X Reward Points (up to 1000 points) on all transactions during your birthday month(Offer is only valid on Federal Bank Celesta Debit Cards)
- From January 1st, 2024, fuel and government services will not be eligible to earn Reward Points on Debit Cards
Federal Points using Credit Cards
This table outlines how many points you can earn based on the specific Federal Bank Credit Card you hold
Credit Card Type | Spends Category | Rewards |
Celesta | Travel, X-border | 3 points per INR 100 spent |
Dining | 2 points per INR 100 spent | |
All Celesta CC Transaction | 1 point per INR 100 spent | |
Imperio | Healthcare, Groceries | 3 points per INR 150 spent |
Utility | 2 points per INR 150 spent | |
All Imperio CC Transaction | 1 point per INR 150 spent | |
Signet | Electronics, Apparel | 3 points per INR 200 spent |
Entertainment | 2 points per INR 200 spent | |
All Signet CC Transaction | 1 point per INR 200 spent |
Additional points:-
- Get a reward of up to 10X of the regular reward points (maximum 500 points) on your first purchase within 10 days of getting a Federal Bank Celesta, Imperio, or Signet Credit Card
- From January 1st, 2024, fuel and government services will not be eligible to earn Reward Points on Debit Cards
Federal Points using Internet /Mobile Banking
Transaction Types ( FedNet ) | Slab (Rs) | Reward Points per transaction |
Inter Bank Fund Transfer - IMPS/NEFT/RTGS | INR 1000 & Above | 2 |
Intra Bank Fund Transfer - IMPS/NEFT/RTGS | INR 1000 & Above | |
BILLS PAYMENT, E-Com | INR 100 & Above |
Federal Milestone:-
You can earn milestone rewards by spending a specific amount with your debit card within a set timeframe.1st Milestone: Spend Rs. 50,000 (online or offline) within 6 months of getting your debit card.
Reward for 1st Milestone : 2,000 reward points (worth Rs. 500),Amazon EGV worth Rs. 500
2nd Milestone: Spend Rs. 2,000 during your birthday month in the first year of having your debit card.
Reward for 2nd Milestone: Flipkart EGV worth Rs. 250
If you have a Stellar savings Account with federal bank then you will get more point:-
Federal Points with Stellar Savings:-
Here are the ways to earn Federal Rewards Points and Milestones as a Federal Bank Stellar Account holder:- Everyday Spending: Earn 1 reward point for every Rs. 200 spent using your linked debit card.
Welcome Bonus:
- Get 100 reward points for depositing at least Rs. 10,000 within 30 days of opening your Stellar account.
Digital Transactions:
- Earn 100 reward points for making your first bill payment using Fed Mobile within 60 days of opening your account.
Investment Boost:
- Get 100 reward points for opening your first recurring deposit (RD) or systematic investment plan (SIP) using internet banking or mobile banking within 3 months of opening your account.
- Earn bonus points for spending on specific categories using your debit card.
Check Federal Rewards:-
- Online: Visit the Federal Rewards website at ***********.federalbank.co.in/federal-rewards and log in to your account.
- Phone: Call Federal Rewards customer care toll-free at 1800-258-2566 (available Monday-Saturday, 9:00 AM to 6:00 PM IST).
- International Callers: If calling from outside India, dial +91-40-67284302.
Redeem Federal Rewards:-
You can redeem your Federal Point from their website- ***********.federalrewards.in/Here are the ways you can redeem your Federal Reward points :-
Travel:
- Book flights
- Reserve hotel rooms
- Purchase bus tickets
- Get movie tickets
- Donate to charity
- Purchase gift vouchers
- Shop for merchandise
- Recharge your mobile phone and DTH subscription and other Utility Bills
- Pay your credit card bill
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