23rd March 2020: In the wake of Covid-19 outbreak and various control measures taken by government authorities, business hours of our branches are being revised for the period from 23rd March to 27th March 2020. All our Branches except those in Telangana will be working from 10 am to 2 pm on these days. Branches in Telangana state will be working from 10.30 am to 2.30 pm. As advised by Indian Banks’ Association, only essential services viz, cash deposit and withdrawal, cheque clearing, remittances and government transactions will be rendered on these days through our branches.
Daily cash withdrawal limit in debit cards has been enhanced to ₹ 1 Lakh. All our digital banking services will be functional round the clock.
About Federal Bank:
Federal Bank is a leading private sector bank with a branch network of 1,251 branches and 1,934 ATMs/Recyclers spread across the country. The Bank’s total business mix (deposits + advances) stood at Rs 2.46 Lakh Crore as at March 31, 2019 and it has earned a net profit of Rs. 1,244 Crore for FY19. The Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 14.14%. Federal Bank has its Representative Offices at Dubai and Abu Dhabi that serve 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.
