19 August, 2016111: India
Federal Bank has announced a reward program for their customers who refer FedMobile, bank’s banking transaction app, to friends or relatives. The app link can be shared with the friends just by clicking ‘’Refer A Friend” option in the home page of the FedMobile app. Customer who refers the app to a friend is not incurring any cost as the message can be transmitted using whatsapp, mail, Facebook etc. When the referred friend does first transaction using the app, the customer who referred will receive Rs 50. A customer can refer any number of customers and earn up to Rs.250.
Federal Bank’s FedMobile gives convenient banking facilities to the customers. Funds Transfer, touch recharge, 270 plus bill payments like Electricity bills, Telecom, Gas, Insurance, Mutual funds, Donations etc. are done using the app. Customers can schedule their future payments in advance.
Announcing this service, Shri. Babu K A, Head – Digital Banking said “The exponential growth and usage of mobile phones have overpowered the shine and charm of all other devices. Keeping this in mind we go by the theme, Federal on Every Mobile and we are improving our Mobile banking services continuously”.
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.