Federal Bank Net Banking – Learn How to Access and Use Online Banking Features

Arjun is a college student who lives far away from home. Because of an urgent medical emergency at home, money must be sent back, and it's already late at night. But Arjun doesn't have to worry about it after all, for he uses the Federal Bank's Net Banking. Within a few minutes, he logs in, sends the money, and finally breathes a sigh of relief.

The Federal Bank's Net Banking simplifies financial management. It makes the process easy, secure, and accessible even for people in the shoes of Arjun who are having a hard time navigating the system. 

What is Federal Bank Net Banking?

Federal Bank Net Banking, or FedNet, is a 24x7 online banking platform, with a secure homepage at your disposal. 

It is now an online banking system where you can transact with your account (transfer funds to another account, pay utility bills) from the comfort of your home. No longer, do you have to visit any bank branch to perform basic banking transactions.

Key Features of FedNet Banking

• Check account balances and mini-statements.
• Transfer funds within the Federal Bank account and to other banks via NEFT, RTGS, or IMPS.
• Open fixed deposits, recurring deposits, and more.
• Pay utility bills, taxes, and loan EMIs.
• Recharge mobile phones or DTH services.

How to Register for Federal Bank Net Banking

Step-by-Step Registration Process

Registering for Federal Bank Net Banking is a straightforward process. Follow these steps

Ensure Eligibility:

You must have an active Federal Bank account.

Your mobile number should be registered with the bank.

You should have a valid ATM card and one of the following KYC details: PAN card, passport, or voter ID.

Visit the Registration Portal:

Go to the official website: www.fednetbank.com.

Click on Register:

On the homepage, find and click the “Login” option.

Select “Net banking option”.

Click on “New User”.

Provide Details:

Enter your “account number” and Captcha in the “verification code option.”

OTP Verification
An OTP will be sent to your registered mobile number. Enter it to verify your identity.

Set Your Credentials:

Create a unique user ID and password for your account.

Confirmation:

Once completed, you’ll receive a confirmation message. Your Net Banking account is now active!

Tips for Secure Registration

• Always ensure the website URL begins with “https://www.fednetbank.com/”.
• Avoid using public Wi-Fi while registering.
• Never share your OTP or personal details with anyone.

How to Log in to Federal Bank Net Banking

Logging in to your FedNet account is simple. Follow these steps

1. Visit the Official Website:
   • Open www.fednetbank.com.
   • On the homepage, find and click the “Login” option.
   • Select “Net banking option.”
   • Click on “Personal Banking.”
   • Click on the “Continue to Login option.”
     
     
2. Enter Your Credentials:
   • Type your user ID and password in the login fields.
     
     
3. Complete Two-Factor Authentication (2FA):
   • Enter the OTP sent to your registered mobile number.
     
     
4. Access Your Account:
   • Once authenticated, you will be redirected to your dashboard.
     
     

Troubleshooting Login Issues

• If you forget your password, use the “Forgot Password” option to reset it.
• Ensure your internet connection is stable.
• Contact customer care if you face persistent issues.
  
  

How to Reset Your Federal Bank Net Banking Password

Forgot Password? Follow These Steps

1. Go to the Login Page
   • Visit www.fednetbank.com.
   • On the homepage, find and click the “Login” option.
   • Select “Net banking option”.
   • Click on “Personal Banking”.
   • Click the “Continue to Login option
     
     
2. Click on “Forgot Password”:
   • You’ll find “Forgot Password?” option below the login fields.
     
     
3. Provide Account Details:
   • Enter your user ID, account number, and registered mobile number.
     
     
4. Verify OTP:
   • An OTP will be sent to your mobile number. Enter it to proceed.
     
     
5. Set a New Password:
   • Create a strong password with a mix of letters, numbers, and special characters.
     
     
6. Confirmation:
   • You’ll receive a message confirming that your password has been reset.
     
     

Password Security Tips

• Change your password regularly.
• Avoid using easily guessable passwords like your name or date of birth.
• Never save your password on shared or public devices.

How to Check Your Account Balance Online

1. Login to FedNet:
   • Enter your user ID and password on the login page.
     
     
2. Navigate to Account Details:
   • Click on “Account Summary” to view your balance and mini statement.
     
     
3. Download Statements:
   • For detailed statements, click on “Download Statement” and select the desired date range.

How to Transfer Money via Federal Bank Net Banking

Steps for Fund Transfer

1. Login:
   • Access your account through www.fednetbank.com.
     
     
2. Go to Fund Transfer:
   • Select “Transfer Funds” after logging in to the net banking.
     
     
3. Choose Transfer Type:
   • Options include IMPS (instant), NEFT (same day), or RTGS (for large amounts).
     
     
4. Enter Beneficiary Details:
   • Provide the beneficiary’s account number, bank name, and IFSC code.
     
     
5. Verify and Confirm:
   • Double-check the details and enter the OTP sent to your mobile.
     
     
6. Transaction Complete:
   • A confirmation message will appear, and you’ll receive a receipt.
     
     

Daily Limits and Charges

Resident Term Deposit Interest Rates at Federal Bank

Federal Bank has been known for quite a time for providing financial services to meet the unique requirements of every customer. Whether it's a safety, liquidity, or return you want, your investment, specifically Fixed Deposits (FDs), will fetch you the best interest rates as offered in the market by the Federal Bank. The bank endeavors transparency in updating the interest rates as imposed under the different deposit schemes.

Why Choose a Federal Bank for Your Term Deposits?

When choosing a bank for your Fixed Deposit (FD), you typically look for three key attributes

• Safety: Safety, which ensures that your deposit is kept secure. 
• Liquidity: The facility and promptness or ease with which you can distribute your money when needed. 
• Return amount: The interest you earn over your deposited amount. 
  
  

The Federal Bank keeps all these factors in mind, thereby making their term deposits earn what you have deposited with competitive returns. Interest rates on Resident Term Deposits became applicable from 10th Jan. 2025.

Resident Term Deposit Interest Rates (Effective from 10th January 2025)

Each of the terms has different provisions on interest rates for different tenure and the depositor's type, as to whether they belong to the General Public or Senior Citizens. Given below are the particulars of interest rates for single deposits up to ₹300 lakhs.  

Note: The NRO accounts are not eligible for additional interest rates offered to senior citizens.

Deposit Plus Scheme (Non-Callable)

The Deposit Plus scheme is an exclusive offering for deposits of ₹1 crore and above. This scheme, which does not allow for premature withdrawal, offers enhanced returns for longer tenures. Here are the interest rates for the Deposit Plus scheme (effective from 16th December 2024)

Note: NRO accounts are not eligible for senior citizen rates.

Premature Withdrawal Penalty Structure

Federal Bank enforces a penalty structure for premature withdrawals to maintain the integrity of its deposit programs. The revised penalty structure, applicable from 21st October 2022, is as follows

For Smart Deposit Schemes, the penalty structure is

Key Services Offered by Federal Bank Net Banking

Federal Bank’s Net Banking platform provides a wide range of services, making it a one-stop solution for all your banking needs.

Features and benefits of Federal net banking

View Your Account Details and Mini Statements Online

Registered users can log on to their bank account to access comprehensive details of their account consisting of savings, current, and fixed deposit accounts. They also have access to Mini statements which provide a summary of the recent transactions carried out (usually last 5-10).

• Instant access to account balances and recent transactions.
• Eliminates the need to visit a bank or ATM to check account details.
• Helps monitor and track spending habits effectively.
• Provides real-time updates for accurate financial management.

Transfer Funds Between Your Own Accounts and to Other Federal Bank or Non-Federal Bank Accounts Securely

The platform allows users to transfer money between their own accounts (e.g., savings to current) and to other accounts

• Simplifies fund management across accounts.
• Saves time compared to traditional bank transfers.
• High-level security ensures that transactions are safe and traceable.
• Supports family members or businesses by transferring funds instantly.
  
  

Transfer Funds Using IMPS, NEFT, and RTGS

Users can send money using three major modes

• IMPS (Immediate Payment Service): Enables real-time fund transfers 24x7.
• NEFT (National Electronic Funds Transfer): Facilitates fund transfers in batches during banking hours.
• RTGS (Real-Time Gross Settlement): Used for large-value transactions processed in real-time.
• IMPS: Instant transfer anytime, even on holidays.
• NEFT: Cost-effective for smaller transactions.
• RTGS: Reliable for high-value transfers, often used in business or real estate payments.
• Users can choose the transfer mode based on their urgency and the transaction amount.

Open Fixed Deposits, Recurring Deposits, and Cash Certificates Online

The service allows users to create fixed deposits, recurring deposits, and cash certificates directly through the portal without visiting a branch.

• Effortless investment in deposit schemes from the comfort of your home.
• Immediate confirmations of deposit creation and maturity details.
• Enables users to plan their savings and earn better returns on idle funds.
• Convenient for those with limited time to visit the bank.

Instant Recharge Facility for Prepaid Mobile and DTH

Users can recharge their prepaid mobile phones and DTH (Direct-to-Home) TV connections instantly.

• Ensures uninterrupted connectivity by enabling quick recharges.
• No need to visit physical stores or use third-party apps.
• Helps save time and provides a hassle-free experience.
• Offers additional benefits like cashback or discounts in some cases.

Make Loan Repayments on Time

Internet banking allows users to make EMI (Equated Monthly Installment) or full loan payments online.

• Ensures timely payments, avoiding late fees or penalties.
• Provides a transparent record of loan repayment history.
• Convenient for managing multiple loans in one place.
• Reduces stress by setting up auto-debit options for recurring payments.

Pay All Your Direct and Indirect Taxes Online

Users can pay taxes such as income tax, GST (Goods and Services Tax), property tax, and other levies directly through the online banking portal.

• Simplifies the tax-paying process by eliminating paperwork and manual submission.
• Ensures timely payment to avoid penalties or fines.
• Generates instant receipts for proof of payment, which can be used for future references or audits.
• Enhances financial discipline by integrating tax payments into regular online banking activities.

Pay Children's Educational Fees Online

The platform provides options to pay school, college, or other educational institution fees directly through the bank portal.

• Saves parents' time and effort by avoiding standing in long queues.
• Provides proof of payment instantly for school or college records.
• Ensures that payments are made securely to the institution’s verified account.
• Convenient for managing multiple children's education fees in one place.

View Tax Credit (Form 26AS) Online

Users can access their Tax Credit Statement (Form 26AS) through the bank’s portal. This document provides details of tax deducted at source (TDS), advance tax paid, and self-assessment tax.

• Simplifies tax filing by providing all TDS and tax payment details in one document.
• Ensures users can verify that taxes deducted by employers, banks, or others are correctly credited to their PAN (Permanent Account Number).
• Helps in identifying any discrepancies early to resolve them before filing taxes.
• Provides a comprehensive summary of all tax-related activities in one place.

Overall Benefits of Internet Banking

• 24x7 Accessibility: Bank anytime, anywhere, without restrictions.
• Convenience: Perform multiple transactions from the comfort of your home or office.
• Cost-Effective: Saves time, travel costs, and reduces dependency on physical bank branches.
• Enhanced Security: Advanced encryption ensures that all transactions are secure.
• Transparency: Provides detailed transaction histories and receipts for every activity.

By leveraging these services, users can effectively manage their finances with greater ease, security, and efficiency.

Why Should You Invest in Resident Term Deposits at Federal Bank?

1. Competitive Interest Rates: Federal Bank offers some of the best interest rates in the industry, especially for senior citizens.
   
   
2. Safety and Security: Deposits are backed by the bank’s credibility, ensuring safety for your funds.
   
   
3. Flexibility: With a wide range of tenures, you can choose an FD that fits your financial goals.
4. Periodic Updates: Interest rates are regularly reviewed and updated, keeping you informed about the latest offerings.
   
   
5. Premature Withdrawal Options: Although premature withdrawal incurs a penalty, it’s an option available to customers who require early access to their funds.
   
   

Security Tips for Safe Net Banking

• Always check the URL: Ensure it starts with “https://www.fednetbank.com/”.
• Beware of phishing: Avoid clicking on suspicious links in emails or SMS.
• Never share your credentials: Keep your user ID, password, and OTP confidential.
• Update passwords regularly: Use strong, unique passwords.
• Enable two-factor authentication: For added security, register for 2FA.

A Digital Bank with a Human Face

The Federal Bank has established itself as a trusted partner for individuals, and business banking across urban and rural India. With a vision to be a top admired bank, it follows the mantra, "Digital at the Fore, Human at the Core.” At the core of its operations, this philosophy redefines how digital innovation will make consumer touchpoints more personalized.

Federal Bank: Redefining Banking for Tomorrow

The Federal Bank's commitment to digital transformation reflects its aspiration to lead the way in modern banking. By blending technology with human-centric values, the Bank strives to create a banking experience that is

• Inclusive: Bringing banking to the unserved and those who have not been reached by banking services.
• Innovative: Using the most cutting-edge technology to create the future of banking.
• Impactful: It would create real changes in the lives of customers and communities.
  
  

 A Decade of Digital Excellence

We have seen them heavily investing in digitalization over the past ten years, so it's been a concrete effort.

Leading-Edge Digital Capabilities

• The Federal Bank is lauded in the neo-banking sphere as it combines traditional banking with superior digital solutions.
  
  
• Digital productivity made it possible to drive 86% of the bank's transactions digitally, which includes the most advanced on its platform.

Strategic Digital Products and Marketing Initiatives

•  The Bank rolled out a vast range of user-friendly digital products and services to simplify banking processes for individual customers and businesses. 
  
  
• Innovative marketing techniques have significantly improved the Bank's reach into newer customer bases.
  
  

Quality Over Quantity

• The emphasis of the Federal Bank is on putting up a reasonably safe and sustained portfolio of loans.
  
  
• The bank undertakes an organic and granular growth of liabilities to secure a steady and stable financial foundation.
  
  

Inclusive Finance: Reaching the Underserved

The Federal Bank aims to enable financial inclusion in unbanked and less penetrated communities.

Neo-Banking Partnerships

• The Bank partners with neo-banking platforms to serve small businesses and individuals in deeper geographies.
• These collaborations aim to close the digital gap and provide equitable access to banking services.
  
  

Empowering Small Businesses

Small businesses form the backbone of India's economy, and Federal Bank supports their growth by:

• Providing digital enablers for sustainability and efficiency.
• Offering hybrid financial solutions tailored to their unique needs.

Democratized Service in Financial

• The Federal Bank promises that its services are available "to all" by deploying user-friendly digital tools and fostering financial literacy.

Commitment to Sustainability and Governance

The Federal Bank adopts broader society issues as part of its governance objective:

Environmental Sustainability 

It also incorporates sustainability practices in its operations, along with plans of making environment-conducive initiatives and green financing.

Reducing Economic Gap 

• The Federal Bank supports small businesses and underserved rural communities to bridge the economic gaps. 
• This is made easy through the bank's all-inclusive financial products that empower the customers into the mainstream economy.
• These commitments are tailored to make Federal Bank the best banking partner for both individuals and business communities.
  
  

Core Values: The Heart of Federal Bank’s Success

These are encapsulated in the CARES framework, which guides each interaction and decision within the company:

Excellence

Constantly delivered is the spiritual root of federal disarmament: actions to satisfy customers and endorse high bankability standards.

Agility

The ability to adapt and respond to changing client needs and market dynamics is crucial to bank operations.

Relationship Orientation

Probably no bank in the market has a solid, long-lasting, cordial relationship with both customers and stakeholders equal to that of Federal Bank.

Ethical Standards

Transparency, integrity, and ethical conduct prove the ground on which the bank's activities are pretty much prevalent. 

Sustainability

For the Federal Bank, sustainable growth is not only meant for its sake. It should be the priority for the benefit of customers and society at large. 

Recognized as a Great Place to Work

This is the reason Federal Bank is considered one of the best places to work: by its commitment to its people, that is, employees or even customers. 

Focus on Employees 

• Employees are given the power at Federal Bank to grow and succeed equally.
• Customers outside the bank have detected human direction and personalised services. 

First Choice for all Indians

The Bank Vacc stretched out his hand to be the first choice for the shortest journey of every Indian to banking experience made up of live, touch, and beautiful digital technologies.

Pioneering the Future of Banking

It is a commitment to human inclusivity, innovation, and sustainability that now implies distinguishing features from other banks in a highly competitive banking landscape.

However, the fusion of advanced technology and the human touch helps the Federal Bank keep it as an attuned partner for many generations ahead. The legacy of the Federal Bank continues unblemished and reflects its commitment to:

• Expanding its reach to underserved regions.
• Empowering small businesses and individuals with financial tools.
• Championing sustainability and governance

Conclusion

The Federal Bank's Net Banking is a convenient and safe way to manage finances. Balance checking, interbank transfers, or bill payments—everything is just a click away. Read this guide to maximise your banking experience and stay financially empowered. 

Federal Bank Net Banking FAQs

Can I register for Net Banking without visiting the bank?

Yes, registration is entirely online through the official website.

What if I forget my User ID?

You can retrieve it by contacting customer care or using the “Forgot User ID” option.

Are there any charges for Net Banking?

No, registration and most services are free. Certain transactions may have minimal charges.

Is Net Banking secure?

Yes, Federal Bank uses advanced encryption and Two-Factor Authentication to ensure safety.

What is the daily transaction limit?

The daily limit depends on the transaction type (e.g., ₹2,00,000 for IMPS).

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