Federal Bank has reportedly unveiled a digital facility for instant online opening of demat accounts for its customers. The bank customers can open demat accounts in the matter of a minute by logging into the Internet banking portal FedNet. The facility is available round-the-clock, with zero paper work.
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. It offers personal, corporate, NRI, SME banking, online banking services to its customers.