Private lender Federal Bank today launched FedBook, an electronic version of the traditional bank passbook.
The facility would enable the customers to freely download and instal the application on their smart devices, A Surendran, General Manager and Head-Retail and International Business, told reporters here formally announcing the launch.
The facility, which the bank claims is first of its kind in the country, was available from August 15 onwards on the Google page and already 1,700 downloads are over, he said. The bank was targetting 20,000 downloads by March next. No charges would be levied for the service.
Accessible through a simple registration process, FedBook can be carried in one's mobile or tab and it helps customers view all the transactions in their multiple bank accounts online and even offline on a 24x7 basis.
At present, the facility is available on Android platform and is expected to be ready by October first week for other platforms, DGM Technology and Operations, Sunny K P, said.
