IndMoney and Federal Bank Savings Account

[sherlock]

Hi

I am looking to invest in the US stocks using IndMoney. They are asking for a savings account in Federal Bank. Does anyone have previous experience using this bank and what is the minimum account balance requirements for this bank? Any advantages of having a savings account with this Bank?

 

[akshayhs]

Hi

I am looking to invest in the US stocks using IndMoney. They are asking for a savings account in Federal Bank. Does anyone have previous experience using this bank and what is the minimum account balance requirements for this bank? Any advantages of having a savings account with this Bank?

0 bal account. It is used to temporarily store your rupees before moving it to your US Broker.

 

[Vasuki]

Hi

I am looking to invest in the US stocks using IndMoney. They are asking for a savings account in Federal Bank. Does anyone have previous experience using this bank and what is the minimum account balance requirements for this bank? Any advantages of having a savings account with this Bank?

Get more information about it.
Until u r investing heavy & know the company u r investing.. then u can else
Exit load is too high

Now entry has become easy but not exit

 

[sherlock]

Get more information about it.
Until u r investing heavy & know the company u r investing.. then u can else
Exit load is too high

Now entry has become easy but not exit

Do you have any better recommendations?