Last week Federal Bank has introduced a new version of its passbook – ‘Fedbook’. Fedbook is the electronic passbook. This new passbook will assist the customers in keeping their records hassle free.
Without much effort customers can easily keep the track of their account, loan and cheque book. This new version will provide all the details regarding current balance, interest rate, loan period, installment amount, due date of remittance on the cell phones of the customers.
This fed book will offer wide range of facilities. In case of fixed deposits it will also provide information regarding Deposits with re-investment plan (Cash Certificates) -- the opening balance, latest balance, interest rate, date of opening, maturity date etc. This is innovative passbook to reduce the difficulties of customers and make banking more convenient for the customers.