Federal Bank Limited (NSE: FEDERALBNK, BSE: 500469, LSE: FEDS) is a major Indian

commercial bank in the private sector, headquartered at Aluva, Kochi, Kerala. As of March 31
2011 it has 743 branches spread across 24 states in India and 803 ATMs around the
country(across 108 metro centres, 224 urban centres, 384 semi-urban locations and 87 rural
areas ).[1]

In 1931, Kulangara Paulo Hormis established the Travancore Federal Bank at Nedumpuram, a
place near Tiruvalla in Central Travancore. After initial moderate success, the bank came to the
verge of bankruptcy. In 1944, K P Hormis ,and his close relatives and friends obtained a
controlling interest in the bank. The next year, the bank shifted its registered office to Aluva and
the Bank commenced business by opening its first branch at Aluva. In 1947 it changed its name
to Federal Bank. In 1970, the bank became a Scheduled Commercial Bank. Recently, it opened
a representative office inDubai[2].
[edit] Acquisitions and Mergers
• In 1964, the bank embarked on a series of acquisitions that would substantially increase
its size. It acquired the Chalakudy Public Bank in Chalakudy, the Cochin Union Bank
in Thrissur, and the Alleppey Bank in Alappuzha.
• In 1965, it acquired the St.George Union Bank in Puthenpally.
• In 1968, it acquired the Marthandom Commercial Bank in Thiruvananthapuram.
• In 2006, Federal Bank acquired Ganesh Bank of Kurundwad after the Reserve Bank of
India suspended the bank. Established in 1920, Ganesh Bank had its headquarters at
Kurundwad, Maharashtra. The bank had a network of 32 branches and its operations
were concentrated in Sangli and Kolhapur in Maharashatra and Belgaum in Karnataka.
Prior to the merger, Federal Bank had 20 branches in Maharashtra.
• In March 2008, Federal Bank entered into a joint venture with IDBI Bank and Fortis
Insurance International to form IDBI Fortis Life Insurance, of which Federal Bank owns
26 percent. The company ended the year with over 300 Cr in premiums as on 31 March
2009.
• On 24 August 2010, IDBI Fortis, rejuvenated as IDBI Federal Life Insurance with Aegas
of Belgium.
[edit] Sponsorships
Federal Bank,will be the principal sponsor of Kochi Tuskers Kerala .[3] The tickets for KTK's
home matches will be sold through Federal bank branches and their website.

History:
The history of Federal Bank dates back to the pre-independence era. Though initially it was
known as the Travancore Federal Bank, it gradually transformed into a full-fledged bank under
the able leadership of its Founder, Mr. K P Hormis. The name Federal Bank Limited was
officially announced in the year 1947 with its headquarters nestled on the banks on the river
Periyar. Since then there has been no looking back and the bank has become one of the strongest
and most stable banks in the country.
Vision:

• Become the dominant “numero uno” bank in Kerala and a leading player in target markets.

• Be the ‘trusted’ partner of choice for target (SME, Retail, NRI) customers.

• Be a customer-centric organisation setting the benchmarks for service.

• Offer innovative yet simple products supported by the state-of-the art technology.

• Have a dynamic and energised workforce with a strong sense of belonging.

• Deliver top tier financial performance and superior value to stakeholders.

• Be a role model for corporate governance and social responsibility.

Mission:
Devote balanced attention to the interests and expectations of stakeholders, and in particular:

• Shareholders: Achieve a consistent annual post-tax return of at least 20% on net worth.

• Employees: Develop in every employee a high degree of pride and loyalty in serving the Bank.

• Customers: Meet and even exceed expectations of target customers by delivering appropriate products and

services, employing, as far as feasible, the single-window and 24-hour-seven-day-week concepts, leveraging

strengthened branch infrastructure, ATMs, and other alternative distribution channels, cross-selling a range of

products and services to meet customer needs varying over time, and ensuring the highest standards of service at

all times.

Pursue excellence in various facets of banking.

Adopt best industry practices.

○ Develop, adopt, and review a well-conceived business plan for achieving realistic targets of growth,

profitability, and market share over the medium term.

○ Operate within a well-defined, diversified, risk profile and adopt prudent risk-management norms and

processes and effective control practices.

○ Employ and leverage appropriate modern information technology to: enhance the quality, speed, and

accuracy of product/service delivery; provide ‘anytime-anywhere’ banking facility; strengthen

management information and control systems and processes; improve productivity; and reduce costs.

○ Increase awareness of the "Federal Bank" brand among targeted customer groups through cost-effective

marketing.
 ○ Adopt a robust corporate governance code emphasizing a high degree of professionalism of the Board

and the management, and accountability and disclosure to shareholders.

○ Decentralise decision making with accountability for decisions made, and assign cascading profit

responsibilities to middle and junior management.

○ Develop a conducive and transparent work environment that fosters staff commitment, competence,

initiative, innovation, teamwork and service-orientation.

Future:
We are the fourth largest bank in India in terms of capital base and can easily boast of a Capital
Adequacy Ratio of 17.23 %, one of the highest in the industry. This along with the existence in a
highly regulated environment has helped the bank to tide over the recession with minimum
impact to its financial stability.
In fact we have been expanding organically over the past few months. We believe in extending
our reach to our customers by making our services available to all, 24x7. We have Branches
and ATMs across India in addition to the Representative Office at Abu Dhabi that serves as a
nerve centre for the NRI customers in UAE.
We are transforming ourselves, keeping our principles in tact, into an organisation that offers
service beyond par.
Being in the service industry we are conscious of our surroundings and what happens in the
society.
Federal Bank Pure Gold is available in round shaped coins of 1 gram, 2 gram,5 gram , 8 gram and
rectangular shaped bar of 20, 50 and 100 gram.

Federal Bank Pure Gold is sourced from one of the top refiners in the world. It is 24 carat gold with 999,9
fineness and comes in a tamper proof packing which Authenticates its purity.

Federal Bank will not buy back the gold sold, since RBI does not permit banks to buy back the gold sold
by them.

Online trading is an internet based facility for online trading in shares offered to the clients of Federal
Bank through a 3-in-1 account which integrates your banking, demat and trading accounts. While the
banking and demat accounts shall be with Federal bank, the trading is done through M/S Geojit Financial
Services Ltd (Geojit). You can trade on NSE and BSE

To start with, the following products are available to you

• Cash Trading : When your intention is to take delivery of the shares /funds you resort to Cash Trading.
The shares/funds will normally be credited to your demat/Bank account on the day settlement takes place
in the stock exchange.
• Margin Trading: Intra Day trades. You can trade upto a specified multiple of the funds allocated.The
transactions will have to be squared off,before an appointed time, on the same day.
• Buy Today Sell Tomorrow (BTST ):What you bought today can be sold tomorrow, even before they are
credited to your demat account, on T+2
• Call&Trade:Just in case you are in a place where you can not access a computer,you can call a toll free
number and place an order with a customer service executive of Geojit.
• IPO:You can invest in Initial Public Offers online. No need to go through cumbersome paperwork.
• Mutual Funds:Investing in Mutual Funds has never been easier. And a variety of funds to choose from.
Without any paper work at all.
Swift- Funds Transfer
Where the ‘currency of the money transfer’ is the ‘remitter’s country’s currency’ (Example: USD
remittance from USA):
The remitter will request his bank (in his country) to transfer money to the beneficiary’s account (in
India) with Federal Bank (Beneficiary’s Bank).

In this connection, the remitter will use an application form. In the application form, he will specify the
‘Federal Bank’s correspondent bank’ (intermediary bank) through whom the money should be routed. For
specifying the ‘intermediary bank’, the remitter will choose the bank from the list of banks, with which
Federal Bank maintain accounts in the given foreign currency.

The ‘remitter’s bank’ will pay the funds to the ‘Federal Bank’s correspondent bank’, using an electronic
network. While paying so, the ‘remitter’s bank’ will state that the ultimate payment should be made to the
‘beneficiary’s account’ with Federal Bank.

‘Federal Bank’s correspondent bank’, which has received the funds, will give credit in the foreign
currency account of Federal Bank (Nostro Account) .

Federal Bank will sight this credit in ‘the daily Nostro account statement’, and will give credit in the
ultimate beneficiary’s account. In most of the cases, Federal Bank will pay to the beneficiary in Indian
Rupees, after conversion of foreign currency funds in to Indian Rupee funds. In such cases, Federal Bank
will apply the exchange rate ruling at the time of payment.

Note:

The remitter should not state the currency as Indian Rupees in the application form. He should state the
currency of his country.

Here, ‘funds transferring bank’ will be the ‘remitter’s bank’

Where the money transfer is made from a third country (Example: USD remittance from UAE):
The remitter will request his bank (in his country) to transfer money to the beneficiary’s account (in
India) with Federal Bank (Beneficiary’s Bank).
In this connection, the remitter will use an application form. In the application form, he will specify the
‘Federal Bank’s correspondent bank’ (intermediary bank) through whom the money should be routed.
For specifying the ‘intermediary bank’, the remitter will choose the bank from the list of banks, with
which Federal Bank maintain accounts in the given foreign currency.

The ‘remitter’s bank’ will request ‘its own correspondent bank’ to pay the funds (in foreign currency)
to the ‘Federal Bank’s correspondent bank’. While requesting so, the ‘remitter’s bank’ will state that the
ultimate payment should be made to the account of the beneficiary with Federal Bank.

The ‘remitter’s bank’s correspondent bank’ will pay the funds to ‘Federal Bank’s correspondent bank’,
using an electronic network, stating the ‘details of ultimate payment’ to the beneficiary.

‘Federal Bank’s correspondent bank’, which has received the funds, will give credit in the foreign
currency account of Federal Bank (Nostro Account).

Federal Bank will sight this credit in ‘the daily Nostro account statement’, and will give credit in the
ultimate beneficiary’s account. In most of the cases, Federal Bank will pay to the beneficiary in Indian
Rupees, after conversion of foreign currency funds in to Indian Rupee funds. In such cases, Federal Bank
will apply the exchange rate ruling at the time of payment.

Note:

The remitter should not state the currency as Indian Rupees in the application form. He should state the
foreign currency of his choice.

Here, ‘funds transferring bank’ will be the ‘remitter’s bank’s correspondent bank’

‘Remitter’s bank’s correspondent bank’ and ‘Federal Bank’s correspondent bank’ will be in one and the
same country.

Constituent SGL account (Gilt Accounts)

Constituent SGL account is opened by the bank for constituents who wish to invest in
government securities and treasury bills. Bank will in effect maintain a demat account for these
instruments in the name of the constituents.
These accounts are opened under strict guidance of the Reserve Bank of India and helps in
avoiding physical holding of securities. Since the periodic coupon payments are automatically
credited to the SB/CD account of the constituent, follow up off interest payments can be avoided.
Welcome to the world of Mobile Banking
This is a facility that enables customers to access banking facility through mobile. Mobile
Banking enable customers to make inquiries and do transactions (like fund transfer, cheque book
request etc.) through their mobile phones
Eligibility
All SB and current account holders with mode of operation as Single/ Sole proprietorship, either
or survivor or anyone or survivor can be registered for FedMobile facility. Joint accounts and
accounts in which minors are involved are not eligible for FedMobile registration
Registration Process
You can avail this facility by submitting the FedMobile application form at your branch. The
application form can be obtained from the branch or can be downloaded from Forms &
Stationery page
The completed application form shall be submitted to your branch for registration. The
Registration will be done centrally and PIN mailer containing user id and MPIN will be sent to
the account holder’s communication address by post.you will be allowed to change your MPIN
of your choice through "Change MPIN" request.
You can access the facility after obtaining User ID and MPIN. No need to return the Pin Mailer
duly acknowledged.
You can transfer upto Rs. 50000/- having a monthly cap of Rs. 200,000/-, but you cannot transfer
funds to your Loan account/RD account
You can also address your queries to mobilesupport@federalbank.co.in
Services Offered
PULL based services (initiated by the customer)
PUSH based services (originated by the Bank)
Request services (initiated by the customer for placing various requests/instructions to Bank)
( The customer can avail Mobile Banking on any Mobile Phone with valid connection from a
service provider. However for enjoying all the services offered through Mobile Banking, a
handset with added features is essential.)
PULL based services (initiated by the customer)
Balance Enquiry
Mini Statement [Last 5 transactions]
Fund Transfer within Federal Bank
Issued Cheque status

PUSH based services (originated by the Bank)

Cheque Book Issue Alert
Cheque Deposit Bounced Alert
Cheque Issued Bounced Alert
Term Deposit Maturity Alert prior to a selected number of days by the customer
Loan Due Alert prior to a selected number of days by the customer
Credit to the Account having amount higher than the limit specified by the customer
Debit to the Account having amount higher than the limit specified by the customer
Account Balance goes above the amount specified by the customer
Account Balance goes below the amount specified by the customer
All these alerts will be delivered to the customer's Mobile Phone as SMS.
Request services (initiated by the customer for placing various requests/instructions to
Bank)
Request Cheque Book
Request Account Statement
Feedback to bank
Customer Care Contact details view

Technology In Use
SMS
It works on the "Text Messaging Facility" also called the SMS that is available on mobile
phones. This facility allows you to send a short text messages to 5676762 or +919895088888
from your mobile phone instead of making a phone call. The response is sent to you as an SMS
message, all in the matter of few seconds.
GPRS
General Packet Radio Service (GPRS) is a packet oriented mobile data service through which
you can access the services of Federal Bank Mobile Banking using your MPIN. GPRS will be
enabled by the mobile service provider.
J2ME
Using GPRS Internet Connection, You can download the Mobile Banking application on your
mobile handset from our Bank's website https://mobile.federalbank.co.in/j2me
Our Large Corporate team offers customized structured products to meet the specialized
requirements of corporates, institutions and business clients. Each member of our Corporate
Finance team brings with him a wealth of transaction experience across transaction varieties and
sectors to cater to you better. We have emerged as one of the leading private sector banks in the
country, in providing a gamut of products for industry, trade and infrastructure sectors. We
serve a wide range of customers across varying industries, segments and regions.

Term Loans
We can structure credit solutions to meet your specific short-term or long term funding
requirements. We provide structured term financing solutions for infrastructure, project funding,
real estate and other corporate purposes. The loans are provided at competitive rates and are
structured to enhance your profitability by scheduling the repayment to match the cash flow
available to repay the debt.

Corporate Loans
For a variety of business related purposes to corporates

Working capital finance

We offer working capital finance by way of cash credit, overdraft or working capital loans
suitably structured to your needs and your risk profile as a part of consortium or as a sole banker.
These products are designed to ease the liquidity position of the client.
Bill Finance
Trade finance by discounting bills

Export\ import finance

Pre and post shipment finance, forward covers, buyer’s credit and finance in foreign currency.

Letter of Credit
We provide for opening inland and import letter of credit facility to facilitate procurement of
inventory and capital goods.

Bank Guarantees
We offer to issue various types of guarantees - performance, financial, bid bond etc. Our
guarantees are well accepted by government agencies, Capital Market Agencies and all major
corporates

Federal Agri Gold Loan

Purpose
All direct / indirect agricultural and allied activities like raising crops, meeting working capital
requirements of all allied activities like dairy, fisheries, poultry, trading in agricultural inputs like
fertilizers, poultry inputs, seeds, agricultural equipment, etc.

Eligibility
Individuals engaged in Agriculture and allied activities

Loan Amount
Maximum amount of Rs.10.00 L.
80% of market value subject to a maximum of Rs.1600/gram

Duration
Maximum 12 months

Security
Pledge of 22 ct gold ornaments

Repayment
Lump sum with interest
The Indian Financial System Code (also known as IFSC) is a 11 digit code for identifying the
bank and branch which an account is held. The IFSC code is used both by the RTGS and NEFT
finance transfer systems.
The code consists of 11 characters - first 4 characters are alphabets that represent the entity; fifth
position has been defaulted with a '0' (Zero) for future use; and the last 6 characters are numerals
that denote the branch identity.
IFSC is being identified by the RBI as the code to be used for various payment system projects
within the country, and it would, in due course, cover all networked branches in the country. In
due course, when all bank branches participate in electronic payment systems, they would need
to have a single identifiable unique code and IFSC would serve the purpose effectively.

The Society for Worldwide Interbank Financial Telecommunication ("SWIFT") operates a

worldwide financial messaging network which exchanges messages between banks and other
financial institutions. SWIFT also markets software and services to financial institutions, much
of it for use on the SWIFTNet Network, and ISO 9362 bank identifier codes (BICs) are
popularly known as "SWIFT codes".
The majority of international interbank messages use the SWIFT network. As of September
2010[update], SWIFT linked more than 9,000 financial institutions in 209 countries and territories,
who were exchanging an average of over 15 million messages per day.[1] SWIFT transports
financial messages in a highly secure way, but does not hold accounts for its members and does
not perform any form of clearing or settlement.
SWIFT does not facilitate funds transfer, rather, it sends payment orders, which must be settled
via correspondent accounts that the institutions have with each other. Each financial institution,
to exchange banking transactions, must have a banking relationship by either being a bank or
affiliating itself with one (or more) so as to enjoy those particular business features.
SWIFT is a cooperative society under Belgian law and it is owned by its member financial
institutions. SWIFT has offices around the world. SWIFT headquarters are located in La Hulpe,
Belgium, near Brussels. An average of 2.4 million messages, with aggregate value of $2 trillion,
were processed by SWIFT per day in 1995.