Federal Bank Launches VERTO, a Distinctive Premium Savings Proposition

Federal Bank Launches VERTO, a Distinctive Premium Savings Proposition Mumbai, 8th October 2026: Federal Bank today announced the launch of VERTO, a new-age savings account proposition designed for India's ambitious generation, including young professionals, entrepreneurs, salaried executives, and growth-focused individuals. VERTO offers 5% cashback on debit card spends across food, fashion and flight categories, complimentary insurance coverage of up to ₹35 lakh, domestic airport lounge access, locker rent concessions, outward remittance benefits, and exclusive banking privileges for spouses and children. The proposition also provides curated financial insights, including spend analysis, cashback summaries, market updates and wealth creation perspectives, helping customers make informed financial decisions and stay on track with their financial goals. Speaking on the launch, “Virat Sunil Diwanji, National Head - Consumer Banking, commented, “Customers today are looking for more than a place to keep their money. They want their bank to understand how they live, what they are working towards, and how their financial needs change over time. Verto has been created with that in mind - to offer everyday value, relevant benefits, and a clearer view of their financial relationship with us. Our aim is to grow with these customers and become a more meaningful part of their financial journey” VERTO is available to eligible resident individuals through multiple qualification routes, including balance-based, salary-based and relationship-based criteria, offering greater flexibility for customers seeking a premium banking experience. As Federal Bank’s distinctive savings proposition, VERTO brings together cashbacks, protection, lifestyle privileges and family perks in a comprehensive offering designed to support customers as their financial needs and aspirations evolve. About Federal Bank: Federal Bank (NSE: FEDERALBNK) is one of India’s leading private sector banks, with a legacy spanning nine decades and a clear focus on long-term value creation. As on 30th June 2026, the Bank’s total business stood at ₹5.97 lakh crore. With a strong nationwide presence of over 1,600 banking outlets complemented by robust digital capabilities, Federal Bank serves millions of customers through an integrated physical and digital network. The Bank maintains an international connect through its Representative Offices in Dubai and Abu Dhabi, which serve as key touchpoints for Non-Resident Indian customers in the UAE. It also operates an IFSC Banking Unit (IBU) at GIFT City, becoming part of India’s evolving global financial ecosystem. Anchored in its core values of trust, prudence, and customer centricity, Federal Bank continues to evolve through disciplined execution and a clear, contemporary approach to banking.