Federal Bank announced a cash back offer of Rs. 200 for its Mobile Banking customers. The top 5 spenders using Fedmobile (Federal Bank’s Mobile Banking App) every hour between 8 AM and 10 AM will get cash back of Rs. 200. Funds transfer, mobile recharge and bill payment transactions done through FedMobile will qualify for the offer. There will be 70 winners per day and the offer is valid till 30th April 2016.
Announcing the cash back programme, Shri. Babu K A, Head – Digital Banking said “We are seeing an increase in the usage of our digital offerings, thanks to the convenience it provides and the ease with which the services can be availed, and Mobile is increasingly becoming the preferred channel among these for our customers. We expect to double our Mobile Banking usage during this year”.
About Federal Bank:
Federal Bank is a leading Private Sector Bank with a branch network of 1,252 branches and 1,548 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.22 Lakh Crore as at March 31, 2015 and it has earned a net profit of Rs 1005.75 Crore. Bank’s Capital to Risk weighted Ratio (CRAR) stood at 15.46% at the end of March 31, 2015. Federal Bank has its Representative Office at Abu Dhabi that seraves 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.