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Federal Bank
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Federal Bank Launches New Version of FedBook

Sep 19, 2014   16:20 IST 
Mumbai, Maharashtra, India

Federal Bank has launched a new version of FedBook, the trendsetting electronic passbook that shot into popularity within no time since its launch on August 15, 2013. FedBook now comes loaded with lot more exciting features to the delight of customers.


Customers can now keep monitoring their loan accounts, keep track of their cheques and view their deposit accounts with ease. The new version of FedBook provides the account holders with the current balance, interest rate, loan period, installment amount, due date of remittance, amount due etc of their various loan accounts on their cell phones.


In the case of deposit accounts – Recurring and Fixed Deposits, Deposits with re-investment plan (Cash Certificates) -- the opening balance, latest balance, interest rate, date of opening, maturity date, period of deposit etc can be viewed. The application can also provide the full list of deposits of the customer sorted out in the order of maturity.


The new version of FedBook also enables the customers to keep track of their cheques, from the moment they are presented in the clearing houses ie. before they are actually accounted. It will indeed be a boon to customers in managing their funds.


To enjoy these features, the new version has to be installed from Google play store. The new version for iOS, Windows and Blackberry will be released shortly. At the launch of the latest version of FedBook, Technology & Digital Banking Head of Federal Bank, Addl GM, Shri Sunny K P commented: “There are more features waiting in the pipeline which will be released duly. Predictably FedBook is going to widen the horizon of customer delight setting benchmarks much higher.”


About Federal Bank:

Federal Bank is a leading Private Sector Bank with a branch network of 1212 branches and 1,427 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.03 Lakh Crore as at March 31, 2014and it has earned a net profit of Rs 838.89 Crore. Its Capital to Risk weighted Ratio (CRAR) stood at 15.14% at the end of March 31. Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. 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.


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