The Federal Bank is the preferred Personal, NRI and Business banking partner for a growing expanse of customers across India, in both urban and rural areas. The Bank is driven by the quest to be one of the most admired banking institutions in the country. Recognised as a Great Place to Work, the Bank is continuously striving to become the FIRST CHOICE for all Indians.
Its performance is built on the bedrock of a solid foundation established by focussing on digital for the past decade. Its leading-edge digital capabilities make it a sought-after Bank in the neo-banking space. Launch of digital products and digital marketing initiatives marked a strategic leap for the Bank to capitalise on the new realities more effectively.
The bank provides banking and financial services including retail and corporate banking, para banking activities such as debit and credit card, third party product distribution etc., treasury and foreign exchange business.
2008-09: The Dun & Bradstreet Banking award 2009.
2009-10: The ‘Great Mind Challenge' award.
2010-11: The IDRBT award.
2011-12: Federal Bank received the NPCI award being the highest contributor in number of transactions in the month of August 2012.
2011-12: Federal Bank received the NPCI Award for Excellence in promotion of Inter Bank Payment Service.
2011-12: Federal Bank received IDRBT Banking Technology Excellence Awards for year 2011-12.
2011-12: Global CSR Award for ‘Best Corporate Social Responsibility Practice Overall’.
2011-12: Federal Bank bagged the prestigious Golden Peacock Award for its CSR Initiatives.
2011-12: KMA Excellence Awards 2011.
2011-12: ACI Excellence Awards 2012.
2012-13: Federal Bank won ACI Excellence Award 2013 for Apna Gold.
2012-13: Federal Bank was awarded ‘The Best Bank among Private Sector Banks’.
2012-13: Federal Bank won two IDRBT Awards for Excellence in Banking Technology.
2013-14: Federal Bank won the Banking Frontier's Finnoviti 2013 Award for its innovation Virtual Accounting System (VAS).
2013-14: Federal Bank won IBA Innovation Award 2013 for FedBook.
2013-14: Federal Bank was awarded ‘The Best Bank among Private Sector Banks’.
2013-14: Federal Bank was awarded the ‘Most Socially Committed Organization’.
2014-15: Federal Bank wins IDRBT Banking Technology Excellence Awards.
2014-15: Federal Bank Bags CNBC Award for Financial Inclusion.
2014-15: Federal Bank wins Greentech HR Award 2014.
2014-15: Federal Bank won MasterCard Innovation Award 2014.
2014-15: Federal Bank won ACI Excellence Award 2014 for the category ‘Customer Service’.
2015-16: Federal Bank gets ET Best Corporate Brand 2016 Award.
2015-16: Federal Bank wins the Skoch Smart Technology Award 2015 for FedBook Selfie.
2015-16: Federal Bank gets Banking Frontiers Inspiring Work place Award for Best HR & Talent Practice.
2015-16: Federal Bank bags IDRBT Award for Digital Banking, Analytics and Big Data in mid-sized Banks Segment.
2015-16: Federal Bank wins Banking Frontier's Finnoviti 2015 Award.
2016-17: Federal Bank received ‘Runner Up’ award for maximum RUPAY cards issued bank – 2016.
2016-17: Federal Bank won the award for the best use of Digital and Channels Technology among Small banks in the IBA Banking technology Conference, Expo & Awards 2017.
2016-17: Federal Bank won SKOCH Smart Technologies Gold Award for 2016.
2016-17: Federal Bank gets MasterCard Innovation Awards 2016 under Two categories.
2016-17: Federal Bank received the prestigious 6th Annual Greentech HR Award for ‘Technology Excellence in HR’.
2017-18: Federal Bank Wins National Payment Excellence Award.
2017-18: Instant Account Opening received awards for SKOCH Technologies for Growth Award 2017 by SKOCH group.
2017-18: Skoch award in Banking and Finance Gold category for ‘Federal Bank cross border remittance solution’ 2018.
2017-18: Federal Bank has won best innovator at ‘KMA NASSCOM IT awards’.
2018-19: Federal Bank has won the Best Bank of the Year award at the Dhanam Banking and Finance Summit.
2018-19: Federal Bank won 1st prize in best technology bank award 2019.
2018-19: Federal Bank Wins National Payment Excellence Award.
2018-19: Federal Bank was adjudged winner of ‘best use of blockchain technology’ at Drivers of Digital awards 2018.
2019-20: Federal Bank has won the Bank of the Year 2019 Award at the Dhanam Banking and Finance Summit.
2019-20: Federal Bank has conferred with the Best Bank Small – 1st Runner Up Award under the Overall Best Bank category at the 11th edition of Magna Awards instituted by Business world.
2019-20: Federal Bank has won Indian Express Group Technology Senate Award for FedRecruit.
2019-20: Federal Bank won 1st prize in Best Technology Bank award organized by IBA.
- 2020-21: Adjudged ‘Best Bank and Fastest Growing Mid-Sized Bank’ in 25th Business Today-KPMG Annual Survey.
- 2020-21: Great Place to Work certification by GTPW.
- 2020-21: Declared winner in ‘Private Sector Bank of the Year’ Gold category at 20th edition of Outlook Money Awards.
- 2020-21: Won the prestigious Finnoviti Award instituted by Banking Frontiers for its AI-based Digital Leading Platform.
- 2021-22: Award for best use of cloud in banking at the 3rd Annual BFSI Technology Excellence Awards 2022.
- 2021-22: Recognised best mid-sized Bank in the 26th Business Today-KPMG Annual Survey.
- 2021-22: Best Fintech Adoption Award at the 17th Annual Banking Technology Awards by IBA.
- 2021-22: ‘Private Sector Bank of the Year’ Award (Gold category) at the 20th edition of Outlook Money Awards.
- 2022-23: Federal Bank was recognised in the category, Excellence in Mobile Banking, at the Retail Banker International Asia Trailblazer Awards 2023.
- 2022-23: Federal Bank was honoured by Banking Frontier at its Finnoviti 2023 Awards for its ‘BYOM (Be Your Own Master) Top-up Home Loans’ product.
- 2023-24: Recognised as the ‘Bank of the Year 2023’ in India instituted by The Banker, a well-known publication under the Financial Times umbrella.
- 2023-24: Won the ‘Future Ready Organisations Award 2023-24’ – Economic Times.
- 2023-24: Honoured with ‘Amity Banking Excellence for Sustainable Banking’.
- 2023-24: Recognised as the ‘Best Bank in Fintech’ initiative - Business Today.
- 2023-24: Won the HR award for ‘Future of Work, Workforce and Workplace’ (Large Segment) at the People Pioneers Awards 2024, instituted by TechCircle.
- 2024-25: Recognised among India’s leading organisations for excellence in workplace transformation, employee-centric policies, and HR innovation.
- 2024-25: Honoured as the 1st Runner-up for the Gender Equality Champion Award.
- 2024-25: SKOCH Award 2024 - Silver Award for Conversational Banking through Feddy, the AI chatbot.
1931: The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorised capital of Rs 5000 at Nedumpuram, a place near Tiruvalla in Central Travancore on 23/4/1931 under the Travancore Company's Act. It started business of auction -chitty and other banking transactions connected with agriculture and industry. The bank though successful in the earlier periods, suffered set backs and was on the verge of liquidation.
1946: The Bank opened its second branch at Angamally.
1947: In the Board Meeting, it was resolved to change the name of the Bank as ‘The Federal Bank Limited’. The third branch of the Bank was opened at Perumbavoor.
1959: The Bank was licensed under Sec.22 of the Banking Companies Act, 1949. Bank floated several kuries one after another. It also introduced several new deposit schemes. These strategies helped the Bank to grow at a greater pace.
1965: The St. George Union Bank Ltd. Puthenpally was merged with the Bank.
1968: The Marthandom Commercial Bank Ltd. Trivandrum was amalgamated with the Bank.
1970: The Bank became a Scheduled Commercial Bank in 1970, which also coincided with the Silver Jubilee Year, since the Bank commenced its operation in Aluva.
1976: Bank opened 53 branches during the year 1975 and 42 branches 1976. The total number of branches reached 276 from 114 in 1973.
1977: The paid up capital grew from Rs 10.66 lakh to Rs 100 lakh.
1989: Commenced Merchant Banking Operations.
1993: Roped in ICICI group as a shareholder through private placement.
1997: Bank's first ATM was inaugurated at Ernakulam North.
1999: Bank's 400th branch was inaugurated at Calcutta- Shakespeare Sarani.
2000: The Bank has commenced Internet Banking 'FedNet' on with software support from Infosys Technologies.
2000: Launched Depository Services in association with NSD.
2001: Wide Area Network was launched connecting Regional Offices at Mumbai, Bangalore, Chennai, Ernakulam and Chennai F & I with Head Office.
2003: International Debit Cards launched.
2004: Federal Bank becomes the first traditional bank to network all its branches and attain 100% connectivity.
2004: Co-branded credit cards launched in association with ICICI Bank.
2004: First Bank to launch automated telephone bill payment through Interactive Voice Response System (IVR).
2004: Bank launched an innovative product 'Fed-e-Pay' for automated payment of utility Bills.
2005: Federal Bank in association with AMRITA super specialty hospital launches Fed+Amrita, an innovative online system for fixing medical consultation, Health check up, and inpatient payments from anywhere.
2006: Bank entered into Life Insurance Joint Venture with IDBI & FORTIS.
2007: A full fledged Data Center was set up by the Bank.
2007: Bank formed a Centralized Processing Centre for centralizing the account opening process to make it quick and efficient.
2007: All branches/offices of the Bank were migrated to Centralised Banking Solution (CBS), Finacle.
2008: Opened first overseas Representative Office at Abu Dhabi, UAE.
2008: Bank started providing Online Stock Trading facility to the customers in association with Geojit Financial Services.
2009: Launched three new variants of Visa Debit Cards – Platinum, Gold and Shop'n Save.
2010: Launched Point Of Sale (POS) Terminal Business.
2010: Federal Bank became part of National Financial Switch ATM Network – the largest ATM network in India.
2010: Launched Debit Cards in association with MasterCard.
2011: Federal Bank launched general insurance cover for the customers for stabilizing the relationship with the clients.
2011: Launch of Fed Pravasi Oriental Insurance for NRI Patrons.
2011: Bank signed Inward Remittance Agreement with Samba Bank, one of the largest banks in KSA.
2012: Bank launched Fast Biz Visa International Business Debit Card to SME/Corporate Clients .
2012: Federal Bank made tie up with Manipal Global Education services for offering one year Post graduate diploma in Banking and Finance.
2013: Federal Bank launched its ‘Online Religious Offering Services Bouquet’ in association with the prestigious Sree Padmanabhaswami Temple, Thiruvananthapuram.
2013: Inauguration of Federal Bank's 3rd Currency Chest at Mumbai.
2013: Bank revamped its Corporate website to a portal based platform, offering new features to customers.
2014: Federal Bank opened its first International Standard 24X7 Banking facility christened Federal Experience Center at Nedumbassery, Kochi.
2015: Federal Bank launched VConnect - an exclusive video conference facility that enables customers to interact with Bank's Relationship Managers face to face from any part of the world.
2015: Federal Bank joined hands with Startup Village in Kerala and MobME wireless to launch India's first focused FinTech Accelerator Programme.
2015: Federal Bank and SBI Card announced their collaboration to launch Federal Bank-SBI co-branded credit cards.
2015: Federal Bank launched Scan N Pay, an innovative payment app for smartphones.
2015: Bank introduced Mobile Recharge facility through its ATMs.
2015: Bank launched FedBook Selfie - a mobile based SB account opening application which is first of its kind in India.
2016: Federal Bank launched Payment Gateway facility for KSEB electricity Bill payment.
2016: Federal Bank has launched ‘Launchpad', an exclusive outlet for start-ups.
2016: Federal Bank launched its Unified Payments Interface (UPI) application 'Lotza'.
2017: FedCorp - mobile banking app for corporate customers was introduced to empower them with the ease of banking at the fingertips.
2017: Federal Bank introduced PayLite- a comprehensive web based solution for processing bulk transactions of corporate clients.
2018: Bank launched the Instant Account Opening (IAO) through Tab and Web based account opening modes in branches.
2018: Bank launched Fed E Biz, a complete 360 degree Digital Omni-channel Transaction Banking Platform for Corporates.
2019: Introducing new Savings Account scheme - ‘GBD SUPER S1’ - for PSUs and Government Departments and bank also introduced Internal Ombudsman Scheme in the Bank.
2019: Introducing Certificate download portal for customers.
2019: Bank developed a new solution, avail Advance Against Deposit by sending just an SMS/ making a Missed call. Customers can avail the AAD without any paperwork & instantly, without visiting the branch.
2020: Federal Bank joins hand with Maruti Suzuki to provide dealer loans, retail car financing.
2020: Federal Bank partners with Magicbricks for quick disposal of immovable properties.
2020: Federal Bank, Innoviti Payment Solutions enter into partnership to offer convenient EMI options.
- 2021: Bank launched facility for renewal of gold loans online through Fed-e-Point, the self-service portal for customers.
- 2021: Bank introduced FedFirst, a customized savings account for kids.
- 2021: Bank launched a dedicated portal that would make the process of subscribing to Millionaire Federal Savings Fund deposit products for NRIs hassle-free.
- 2021: Bank introduced Self-Service Passbook Printing Kiosks at select branches.
- 2021: Federal Bank’s own Credit Cards (Celesta, Imperio and Signet) were launched for Existing to bank Pre-Approved customers.
- 2021: Bank launched Card Tokenization with Google Pay (Visa Debit cards)
- 2021: Bank introduced Fed Smart Saver Gold Loan Scheme, an innovative gold loan scheme that rewards the promptly repaying smart customer with 50% of the interest as rebate.
- 2021: Bank launched Imperio Family Banking, which is an impeccable banking service which is designed to suit the uniqueness of the targeted mid-HNI customer segments. It is a tailor made banking solution that offers a bouquet of premium class lifestyle offerings and a whole host of banking services at a discounted rate.
- 2021: Bank launched MahilaMitra Plus, an exclusive savings account for women that offers curated set of features, designed to make financial planning and investments easy and hassle free.
- 2022: Bank enabled Portfolio Investment Scheme (PIS) account opening through its Internet Banking facility.
- 2022: As an environmentally mindful and socially responsible institution, Bank introduced a Green Deposit Scheme for special tenor of 2222 days, the proceeds of which will be exclusively utilized for funding the Green loan portfolio.
- 2022: Federal Bank is now Live as an issuer in e-RUPI, which is a cashless and contactless person and purpose specific digital payment solution launched by National Payment Corporation of India. e-RUPI vouchers can be shared with beneficiaries via SMS or QR code.
- 2022: Bank launched GIFT HEDGE PLUS (GHP), a first of its kind and a unique product where the NRI customer will be able to make a deposit for a short period at IBU, GIFT City and subsequently book a forward contract at the domestic branch.
- 2022: Bank launched Add-on card facility for its Credit Card customers.
- 2023: Bank introduced Lifetime Free Credit Card offer, under which Federal Credit Card holders can enjoy Zero Joining Fee and Zero Annual Membership Fee for the entire life term.
- 2023: Bank issued it's first electronic Bank Guarantee in partnership with NeSL (National e-governance Services Limited). With this new digital initiative, we do away with procuring physical stamp paper, printing of the documents, stamping of the documents and signing of the documents. The Electronic Bank Guarantee is convenient for the customers (applicants) as well, as the customer doesn’t have to carry the bank guarantee (in physical form) to the beneficiary and hand it over to them.
- 2023: Bank launched a new Apartment Management Platform COLLECT-PRO. The new platform is customizable and is designed to cater to collection management requirements from all categories of customers. COLLECT-PRO is integrated with BBPS eco system which facilitates clients of customers to choose their convenient payment mode for making the payment.
- 2023: Federal Bank introduced UPI Lite for Effortless Small-Value Digital Payments.
- 2024: Federal Bank becomes the first Bank in India to unveil Gen-AI Search functionality for its Corporate Website.
- 2024: Federal Bank launched RuPay Smart Key chain – Flash Pay, for Contactless Payments.
- 2024: Federal Bank Unveils its first UPI-Enabled Credit Card- RuPay Wave Credit Card.
- 2024: Federal Bank Launches India’s First QR-Based Coin Vending Machine.
- 2024: Federal Bank Launches NPS Vatsalya.
- 2025: Federal Bank Launches India’s First-Ever Biometric Authentication for Ecom Card Transactions.
- 2025: Federal Bank in collaboration with NPCI and Visa Launches Fed StarBiz –Credit Card Linked to ODCC Accounts.
- 2026: Federal Bank announced the launch of its wealth management platform ‘Fed Wealth’ and the inauguration of its first Wealth Hub, marking the next phase of the Bank’s strategic expansion in the wealth management business.
- 2026: Federal Bank Launches Capital Gains Account Scheme (CGAS).
