Federal Bank adds new features to its mobile banking application
MUMBAI: Kerala based lender Federal Bank has updated its mobile banking platform – FedMobile adding facility to open term deposit in FedMobile for 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 in addition to its capability for effecting payment towards various utilities such as Electricity, Telecom, Gas, Insurance, Mutual funds, Donations etc.
“Demonetization 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,” said Sunny K P, Head – Digital Banking.
The recent update also includes facility for Hotel and Bus Booking in addition to its capability for effecting payment towards various utilities such as Electricity, Telecom, Gas, Insurance, Mutual funds, Donations etc.
“Demonetization 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,” said Sunny K P, Head – Digital Banking.
