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Friday, 25 September 2020

Wow… take home a Scooty or a bike by paying only 1 rupee, this bank is providing facility



Wow… take home a Scooty or a bike by paying only 1 rupee, this bank is providing facility

There is good news for you if you are thinking of buying a bike or scooter during the festive season. In fact, the Federal Bank has introduced a facility where the underlying customer can buy a two-wheeler with a payment of just Rs. Let us tell you in detail about this scheme.

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In fact, the Federal Bank has allowed customers to purchase bikes or scooters on a debit card EMI. 

Customers can buy a two-wheeler from anywhere at Hero MotoCorp, Hond Motorcycle and TVS Motor's 947 showrooms across the country by paying Rs 1.

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According to the bank, there is no need to do paper work and there is no need to go to the bank. This is a completely online process. When processing fees are not even payable. For payment of Debit Card EMI, the bank customer can select the option of a period of 3/6/9/12 months.


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Federal Bank customers are required to send an SMS to '5676762' by typing 'DC-Space-EMI' to know whether they are eligible for this facility. The customer can also make a missed call on 7812900900 if he wants.

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Customer Honda is also offering a 5 percent cashback on festive offers on the purchase of a motorcycle or scooter or bike. The minimum purchase amount should be Rs. 30000. The maximum cashback amount on one card will be Rs.5000.

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