Establishment and Early Growth of Federal Bank
Established in 1931 Federal Bank is No.1 banking company based at Kerala which has overcome all limitations of a regional bank to the status of a national level financial institution with international services. Over the decades since inception Federal Bank has crossed several development milestones and successfully encountered many challenges. The foundations of Federal Bank today is rock solid which matter is recognized by many certifications and recognitions from the Apex Bank of India as well as other statutory financial bodies.
Achievements of Federal Bank
Today Federal Bank is a technology savvy bank with a very long tradition of relationship and trust. The bank has attached many first ranks to its showcase in banking industry of India by way of dedicated efforts and high ambitions. These merits include introduction of internet banking through FedNet, branch automation among traditional banks in India, conventional banking institution to have inter connected branches, electronic telephone bill payment system, Express Remittance, RTGS facility, e-shopping payment gateway, etc.
Services from Federal Bank
Federal bank offers a wide array of services to its customers. These include depository services such as saving account, cash certificates, current account, fixed deposit schemes, multi benefit deposits, insurance linked schemes, etc. It offers several advances including consumer loan, car loan, home loan, agricultural loan, kissan credit cards, gold loans, educational loan, commercial credit, industrial credit, capital market loan, and many other types of loans. Federal Bank is among the most preferred banks for NRIs who utilize the bank's depository services, NRI bank accounts, loans, portfolio management, money transfer, foreign exchange facilities, etc. Federal Bank offers state of the art technology products including a wide ATM network, mobile banking, FedNet, anywhere banking, TeleBanking, EasyPay, debit and credit cards and RTGS facility.