30 August 2013
KOCHI: Federal Bank has launched FedBook , an electronic version of the traditional passbook. Customers can freely download and install the application on their smart devices. FedBook can be carried in one's mobile or tab and it helps customers to view all transactions in their multiple bank accounts online and offline for 24 hours.
The bank has made it available on the Android platform at present. It will be released for other platforms shortly, according to a bank statement. The application is user friendly, secure and enables real-time access to transactions, freeing the users from the restrictions of business hours and bank holidays, it added. The application comes with `search' to filter out specific transactions and facility to tag personalized remarks to transactions etc.
``With the launch of FedBook, banking will become handier and add a new dimension to mobile based banking solutions. It will provide a fillip to the bank's existing array of products and services,'' said Surendran, general manager and head of retail and international business of Federal Bank.
Federal Bank with 1114 branches and 1252 ATMs spread across the country, has received the best mobile banking app award among small banks for the second consecutive year.
Published by: The Economic Times