Federal Bank has entered into partnership with National Australia Bank to provide its NRI customers in Australia inward remittance facility at a discounted rate. To avail this facility, customers need to register their National Australia Bank account details with Federal Bank and the cost is around one-third of the normal international fund transfer 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.