Federal Bank has launched IMPS (interbank mobile payment service), a real time funds transfer facility through mobile phones. This facility is offered in association with NPCI (National Payment Corporation of India).

The new facility was launched by Malayalam Film Star Dileep in the presence of the Federal Bank Managing Director and Chief Executive Officer, Mr Shyam Srinivasan, the NPCI Chief Operating Officer, Mr M. Balakrishnan, the priority banking customers and top executives of the bank.

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