Federal Bank one of the First Banks in the country to dispense Rs 2,000/- notes through its ATMs

fedral-bank

Mumbai,November 15,2016: The Federal Bank ATM at Thevara/ Ernakulam successfully dispensed Rs 2,000/- denomination notes to customers. Five ATMs of the Bank have been recalibrated to dispense the larger denomination notes. Ms Shalini Warrier, Chief Operating Officer of the bank informed that 25% of the Banks’ ATMs will be re-calibrated within the next 72 hours so that they can dispense Rs 2,000/- notes to the needy. Federal Bank has been in the forefront in extending customers convenience by leveraging its technological capabilities.

 About Federal Bank:

Federal Bank is a leading Private Sector Bank with a branch network of 1,252 branches and 1,524 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.37 Lakh  Crore as at March 31, 2016 and it has earned a net profit of Rs 475.65 Crore.  Bank’s Capital to Risk weighted Ratio (CRAR) stood at 13.93% at the end of March 31, 2016.  Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City).Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress.