About Federal Bank

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Bank Name

Federal Bank

Key Banking Terms and Abbreviations Used at Federal Bank

RTGS - Real Time Gross Settlement 🕒: Federal Bank uses RTGS for transferring funds in real-time and on a gross basis.
NEFT - National Electronic Funds Transfer 💻: Federal Bank offers NEFT, a nationwide system facilitating one-to-one funds transfer.
IMPS - Immediate Payment Service 📲: Federal Bank's IMPS service enables instant, 24/7 interbank fund transfers.
MMID - Mobile Money Identification Number 📱: Federal Bank issues a 7-digit MMID for mobile banking services.
UIDAI - Unique Identification Authority of India 🆔: Federal Bank utilizes UIDAI for issuing Aadhaar numbers.
UPI - Unified Payments Interface 💳: Federal Bank's UPI system allows multiple bank accounts to be accessed through a single mobile application.
KYC - Know Your Customer 📋: Federal Bank employs the KYC process to verify the identity of their clients.
SWIFT Code - Society for Worldwide Interbank Financial Telecommunication 🌐:.
CIBIL - Credit Information Bureau (India) Limited 🧾: Federal Bank refers to CIBIL for maintaining credit records of individuals and businesses.
ATM - Automated Teller Machine 🏧: Federal Bank provides ATMs for convenient cash withdrawals and other banking services.
CDM - Cash Deposit Machine 💵: Federal Bank's CDMs allow customers to deposit cash directly into their accounts.
Passbook - Account Statement 📖: Federal Bank issues passbooks to account holders for keeping a record of transactions.
Cheque Book - Banking Instrument 📒: Federal Bank provides cheque books for account holders to facilitate easy payments and withdrawals.
Loan - Credit Facility 💰: Federal Bank offers various loan products, including personal, home, and car loans.
FD - Fixed Deposit 📈: Federal Bank's fixed deposit schemes provide a secure investment option with attractive interest rates.
RD - Recurring Deposit 📉: Federal Bank's recurring deposit accounts help customers save regularly with a fixed interest rate.

State wise list of Federal Bank - NEFT enabled branches.

State

No of Branch

Andhra Pradesh

Arunachal Pradesh

Assam

Bihar

Chandigarh

Chhattisgarh

Dadra And Nagar Haveli

Delhi

Goa

Gujarat

Haryana

Himachal Pradesh

Jammu And Kashmir

Jharkhand

Karnataka

Kerala

Madhya Pradesh

Maharashtra

Meghalaya

Mizoram

Nagaland

Odisha

Puducherry

Punjab

Rajasthan

Tamil Nadu

Telangana

Tripura

Uttar Pradesh

Uttarakhand

West Bengal