Federal Bank offers 800 payment options in FedMobile

Chandigarh, May 26, 2016: Federal Bank has come out with enriched features on its Mobile banking platform – FedMobile. Bank has added 300 large merchants spread across the country, thereby giving absolute comfort to the customers to pay their utility bills. The features include facility for payment of Electricity bills, Telecom, Gas, Insurance, Mutual funds, Donations etc. In addition to this, customers can now plan and schedule their periodical payments. The improved version of FedMobile brings forth ‘a push notification feature’ wherein the customers will be receiving information from the bank on new products and offers, instantaneously. The new version also permits the customer to refer FedMobile to a friend through Email, WhatsApp, Facebook etc
Announcing this service, Shri. Babu K A, Head – Digital Banking said “The world is witnessing a digital transformation and mobiles are playing a significant role in scripting it. Keeping this in mind and to inch closer to our theme ‘Federal on Every Mobile’, we at Federal Bank are continuously improving our Mobile Banking services. With the addition of billers, the customers are now at the comfort of initiating payments to a pool of 800 merchants.
About Federal Bank:
Federal Bank is a leading Private Sector Bank with a branch network of 1,252 branches and 1,524 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.37 Lakh Crore as at March 31, 2016 and it has earned a net profit of Rs 475.65 Crore. Bank’s Capital to Risk weighted Ratio (CRAR) stood at 13.93% at the end of March 31, 2016. Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City).Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress.