Federal Bank has introduced a funds transfer facility for its customers by the use of a missed call to the bank’s dedicated number. The Funds Transfer through Missed Call is a simple, convenient and faster way to transfer funds. The facility allows the bank’s account-holders to register for the service and beneficiaries that can be even other bank account-holders to initiate the fund transfer transaction, all just through a missed call.
To avail the facility, account-holders have to register by sending an SMS to 9895088888 in the format, ACTMFT<space>Beneficiary mobile number<space>Beneficiary account number<space> IFSC<space>amount<space>Last 3 digits of debit a/c number<space>beneficiary name. The daily transaction limit for this service is Rs 5,000 with a monthly cap of Rs 25,000. The service is available 24X7 and has been offered free of charges.
Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India.
