The Federal Bank aims to make your banking transactions easy and secure for you. This facility provides its users with access to all facilities online, such as transferring funds to another account, repayment of loans, and opening a new fixed deposit with 24x7 access. This article explains Federal Bank Net Banking registration, the Federal Bank Net Banking login process, and various services available through Federal Internet banking.
Key Features of FedNet
Features of Federal Net Banking are listed below.
- 24/7 Accessibility: You carry out your banking activities anytime, anywhere.
- Secure Transactions: FedNet supports two-factor authentication to ensure the highest security in online transactions.
- Ease in Transferring Funds: Allows you to transfer funds between accounts or to other bank accounts.
- Loan Repayment: Loans may be repaid straight from the online portal.
- Payment of Taxes: It provides an option to pay the direct as well as indirect taxes with confirmation.
- Investment Opportunities: Fixed deposits and recurring deposits are available for investment from anywhere.
How to Open FedNet Account
Firstly, you need to register for FedNet. For this, you do the following.
- Verify Eligibility: You must have a Federal Bank account in your name, not in joint account, a proper ATM card, and KYC documents like PAN, Passport, or Voter ID.
- Visit the Website: You need to visit the official website of the Federal Bank.
- Start the sign-up process: Tap 'Continue to Login' and then 'Sign Up'.
- Details: Enter your 14-digit Federal Bank Account Number and the Verification Code. Then click 'Continue.'
- OTP Verification: A one-time password will be sent to your registered mobile number. Enter this OTP to proceed.
- Create User ID: Create a User ID as per the given instructions and check its availability.
- Set Password: Create a strong password that will be different from your user ID and confirm it.
- Transaction Facility: You can select the kind of transaction facility you want the first time you log in.
- Full Setup: Enter your debit card information and set a transaction password. Once you enter the final OTP, the Federal Bank internet banking activation is done.
FedNet Login
After registration, you need to do a federal bank net banking login via the below-mentioned process.
- Go to the Federal Bank internet login page, which is the login portal of Federal Bank.
- Select Personal Banking and click on 'Continue to Login'.
- Enter your user ID and password. Next, you can click 'Login.'
- This will take you to the account dashboard, where you will be able to see the balances, and statements, and initiate transactions.
Federal bank net banking login is quite easy with these steps.
Reset Your FedNet Password
In case the user forgets the password, they can easily reset it by using the following method.
- Open the Fednet login page.
- Click on Forgot password.
- Please enter mandatory information such as User ID, debit card number, ATM PIN, expiry date, and verification code.
- Set new passwords following the prompts will guide you in creating a new login and transaction password meeting the necessary security standards.
How to Check Your FedNet Balance?
Follow the below steps to check the balance.
- Login FedNet: You can log in using your user ID and password.
- Account Summary: Click on the tab marked 'Account Summary' to see your current balance.
Transferring Funds
You can use IMPS/NEFT/RTGS for funding transfers on FedNet.
Following are the steps for doing it through IMPS.
- Login to FedNet: Log in to Federal Bank online banking securely with your User ID and password.
- Transfer Funds: Click on this option and then select IMPS Fund Transfer.
- Beneficiary Details: Provide the mobile number, MMID, and the amount to be transferred.
- Transaction Password: Use the password for the authentication of the transaction.
For NEFT or RTGS transfers, follow the steps similarly but when prompted, you must choose the relevant option.
FedNet Transaction Limits
Limitations exist on FedNet transactions. The basic limits are as follows.
- Own Accounts: ₹2 lakh per transaction.
- Third-party Transfers: ₹30,000 to non-Federal Bank accounts and Federal Bank accounts.
- Online Payments: ₹30,000 per transaction.
For higher limits, you must apply by raising your limits on the FedNet portal.
Paying Your Credit Card Bill
You will be able to pay off your credit card using FesdNet
- FedNet: Log into FedNet by filling in the required information.
- Select Funds Transfer: Select it and add your credit card as a beneficiary.
- Enter Payment Information: Select the credit card, insert the amount, and choose the bank account to be debited.
- OTP Verification: Verify your transaction by sending OTP to your registered mobile number.
Conclusion
The FedNet of the Federal Bank is an online banking facility, which makes the whole process of banking very straightforward and efficient. Starting from the transfer of funds to the payment of your loans and bill requirements, the facility has all the features of secure services. FedNet allows you to go easily online from any place and at any time to manage your finances. Online access makes it easier to check your balance or pay bills with greater ease.
