Federal Bank

Personal Banking Services | NRI, Business, & Online Banking | Federal Bank

Federal Bank is a prominent private sector bank in India, known for its extensive range of banking services. Here are some key highlights:

• Digital Innovation: Federal Bank was the first bank in India to digitalize all its branches¹.
• Services: They offer a variety of services including personal banking, NRI banking, business banking, and online banking¹.
• FedNet: Their internet banking platform, FedNet, provides 24×7 virtual banking with features like fund transfers, bill payments, and loan repayments².
• Global Presence: Federal Bank has a significant presence both in India and globally, catering to a diverse customer base¹.

History and Growth

• Founded: Federal Bank was established in 1931 as Travancore Federal Bank, and it was renamed Federal Bank Limited in 1947¹.
• Headquarters: The bank is headquartered in Aluva, Kerala¹.

Key Services and Products

• Personal Banking: Includes savings accounts, fixed deposits, loans, and insurance products¹.
• NRI Banking: Specialized services for Non-Resident Indians, including NRE/NRO accounts, remittance services, and investment options¹.
• Business Banking: Offers current accounts, business loans, trade finance, and cash management services¹.
• Digital Banking: FedNet, the internet banking platform, and FedMobile, the mobile banking app, provide a range of services like fund transfers, bill payments, and investment management².

Innovations and Achievements

• Digital Transformation: Federal Bank has been a pioneer in digital banking, being the first bank in India to digitalize all its branches¹.
• Trade Finance: Recently, Federal Bank partnered with WaveBL to digitally transform the export collection process, marking a significant milestone in global trade finance¹.

Corporate Social Responsibility (CSR)

• Community Initiatives: Federal Bank is involved in various CSR activities, including education, healthcare, and environmental sustainability projects¹.