Federal Bank launched mobile ATM facility in Chennai and Mumbai cities. This is an initiative of the Bank aimed at helping the public fight COVID-19, by delivering banking services at their doorsteps and thus helping them stay indoors, as much as possible. Customers of any bank can withdraw cash from these ATMs free of charges.
In the next few days, more vans will be deployed and the public will have facility to demand ATMs in their areas. The Bank is working to extend the facility to Bangalore also during the lockdown.
The facility was inaugurated in Chennai by Mr. Susil Chandra Mohanta (GM & Convenor, SLBC, Tamil Nadu), in the presence of Mr. Eqbal Manoj (Vice President and Zonal Head Chennai, Federal Bank) and Rajeev V C (Deputy Vice President and Regional Head Chennai, Federal Bank).
The first ATM van in Mumbai was flagged off in Mumbai by Mr. Deepak Govind PA (Vice President and Zonal Head Mumbai, Federal Bank). Mr. Mahesh R (Vice President and Regional Head Mumbai, Federal Bank) and Mr. Ciyad MS (Deputy Vice President, Mumbai Zone, Federal Bank) were also present.
Donate at Hormis Memorial for Covid relief work, the CSR arm will match every donation made through this portal – www.federalbank.co.in/covid-19-donation.
About Federal Bank:
Federal Bank is a leading private sector bank with a branch network of 1,251 branches and 1,934 ATMs/Recyclers spread across the country. The Bank’s total business mix (deposits + advances) stood at Rs 2.46 Lakh Crore as at March 31, 2019 and it has earned a net profit of Rs. 1,244 Crore for FY19. The Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 14.14%.