Federal Bank Adds New Features to FedMobile


Kochi: The Federal Bank has come out with an update for its award-winning mobile banking platform – FedMobile.

The Bank has added the facility to open term deposit in FedMobile and this will be available to both resident and NRI customers. Customers can also open recurring deposits and tax-saving deposits, in addition to making Fixed Deposits.

The recent update also includes facility for hotel and bus booking. FedMobile is already equipped with the capability for effecting payment towards various utilities such as electricity, telecom, gas, insurance, mutual funds etc.

Announcing this service, Sunny K P, Head – Digital Banking said “Demonetisation is attracting more and more customers to our digital channels. Simultaneously, we were improving the features, security and convenience available through these alternate channels of banking. With this new update, customers can open and close fixed deposits 24X7 from wherever they are. Bank has always focused on providing its customers the latest and innovative digital banking conveniences in the most secured environment.”