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Money & Banking - Information Technology


RTGS facility at all Federal Bank branches

Our Bureau

Kochi , Aug. 19

FEDERAL Bank can now offer instant fund transfer facilities to all its customers by enabling real time gross settlement system, which is now available across all its branches.

``The bank is the first in the country to extend inter-bank transactions through the RTGS system at all its branches," a press release issued here said.

Currently, there are 850 branches of various banks in the country, which are RTGS-enabled.

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