Kochi, 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.