Established as a leading private sector bank, Federal Bank has a wide presence across various Indian states with over 1,408 banking locations and 1,935 ATMs. The net banking facility of Federal Bank is called FedNet and is available round the clock to provide you freedom and convenience. They do everything online, from fund transfers and loan payments to opening fixed deposit accounts and paying educational fees. All these transactions are done with two-factor authentication that ensures the highest level of security. It also offers loan repayment, fund transfer, payment of educational fees, and many other services to its customers.
What is Federal Bank Net Banking?
Federal Bank provides various financial services to its customers. One such service includes FedNet or an online Banking service. Federal Bank Net Banking services allow their customers to make quick and hassle-free transfers and access online banking services. Federal Bank customers can also register for e-banking services to access all the benefits related to online banking services. Here, we will discuss all the services offered by Federal Bank Online Service along with the registration process, login, and transaction fees.
Services offered through the Federal Bank Net Banking facility
Federal Bank account users can access the following services through FedNet Internet Banking:
- Online access to your account information and mini-statements.
- Online access to tax credit.
- Online payment of all direct and indirect taxes.
- Transfer funds to self-account other federal and non-federal bank accounts.
- Online Tracking of Credit/Debit Details.
- Use of NEFT, RTGS, and IMPS to transfer money.
- Pay bills securely.
- View TDS information for each deposit.
- Instant recharge for DTH and prepaid mobile.
- Application Request for IPO through ASBA.
Read More: IOB Net Banking | Airtel Payment Bank Retailer Login | Union Bank of India Net Banking
What is the Process to Activate or Register Federal Bank Net Banking?
Before registering for FedNet, it is essential to ensure the following for safe and easy registration:
- You must have an active Federal Bank account. The account must also be in an individual’s name and cannot be a joint account.
- ATM cards must be valid.
- KYC details like a Permanent Account Number (PAN) card, passport, or voter ID card should be present with you.
- A valid email ID and mobile number must be provided to the Bank.
- Wherever required, an ATM number and date of birth should be provided.
The step-by-step process to activate or register FedNet is mentioned below:
- First of all you have to go to the official website of the Federal Bank.
- After this, you have to click on ‘Continue to login’.
- On the next page, you have to click on ‘Sign Up’.
- Next, you have to choose the account type. Select ‘Single’ and click ‘Continue’.
- Next, enter the 14-digit Federal Bank Account Number and Verification Code.
- Once the above steps are completed, you will receive an OTP on the registered mobile number.
- On the next page, you must create a user ID, which is required to log in to the FedNet account.
- On the next page, you must create a password to log in, and the password should be made as per the instructions given.
- Next, you have to select the type of feature you need.
- To complete this, you must first log in using your user ID and password. Once the first login is complete, you can choose the type of feature you will need.
- Select ‘I need transaction facility,’ next, click on ‘Submit’.
- Next, enter the debit card details linked to your Federal Bank account.
- You need to enter the 16-digit debit card number, expiry date, and ATM PIN and click on ‘Submit.’
- Next, you have to set the transaction password and then you’ll need to develop a strong password and enter it twice. Next, click on the ‘Submit’ button.
- Enter the OTP and click ‘Valid OTP’ to complete the registration process.
Documents Required for Federal Bank Net Banking Registration
The Federal Online Banking Registration process only requires a few documents other than the bank account number, ATM card, and registered phone number. However, one must fill out the federal Internet banking registration form with specific requirements for the offline process. To complete registration and activation, the User will need:
- An active federal bank account under the individual’s name.
- An email address and a valid mobile number, both of which are registered at the branch under the same account.
- A functional and valid ATM card.
- Any of the following KYC information – PAN card number, passport number, and voter ID card.
Read More: Documents Required for SBI Net Banking | Documents Required for Karur Vysya Bank Net Banking
Federal Bank Net Banking Login Process
After your registration, to access the Federal Banking Personal Banking facility, follow the steps listed to login to the Net Banking portal:
- Step 1: Visit the official website of FedNet.
- Step 2: To log in to Net Banking, select the option that says ‘Personal Banking’.
- Step 3: Select ‘Continue Login’ on the next page.
- Step 4: Enter your User ID, Password, Registered Phone Number, and Captcha Verification Code. After entering the details click on the ‘Login’ button.
- Step 5: After entering the above information, click ‘Login’.
- Step 6: After completing the above steps, the user will get access to their federal Internet banking services.
Federal Bank Corporate Net Banking Login
Federal Bank Corporate Net Banking login process is very easy and can be done by following the steps below:
- Visit the official website for Federal net banking at https://www.fednetbank.com/.
- Click on the “Corporate Banking” option.
- Select “Continue to login”, then you will be redirected to a new page.
- Mention Corporate ID, User ID, Password and captcha code.
- Press the “Login” button.
What is the Procedure to Reset the Federal Bank Net Banking Password?
The process to reset the login and transaction password for the FedNet account is very simple. The process to rest the password is given below:
- First of all, you have to visit the FedNet website.
- After this you have to click on ‘Personal Banking’.
- On the next page, click ‘Continue to Login’.
- After this you have to click on the ‘Forgot Password’ option .
- On the next page, relevant details like user ID, debit card number, ATM PIN, card expiration date, and verification code must be entered.
- Once you have entered the above details, click on the ‘Continue’ button.
- New password will have to be entered on the next page. You can reset the transaction and login passwords simultaneously or just one of them.
Below are some tips when setting a new password:
- The username and password cannot be the same, and not all characters from the username can be used in the password.
- When setting a password, letters, numbers, and one unique character are allowed.
- You cannot use spaces in the password.
- The new password you set cannot be the same as any of the three previous passwords you used.
- The password must contain at least four different characters.
Read More: How to Reset Password for Equitas Net Banking? | How to Reset J&K Bank Net Banking Password?
What is the process for checking the balance on FedNet Banking?
To check your balance on FedNet, you need to complete the registration/activation process. The process to check the balance on FedNet is given below:
- Initially, you have to visit the main page of Federal Bank Internet Banking.
- After this, click on ‘Personal Banking.’
- Enter the user ID and password on the next page and click ‘Login.’
- Once the above steps are completed, you can access the ‘Account Summary’ section to view the available balance in the account.
What is the process for transferring funds on FedNet Banking?
The step-by-step process to transfer funds using IMPS in FedNet is mentioned below:
- First of all, you have to log in to the Fednet portal.
- Next, you have to enter your user ID and password and click on ‘Login.’
- After this you have to click on ‘Transfer Funds’.
- Once the above steps are completed, you need to click on ‘IMPS Fund Transfer.’
- Next, you have to enter various details of the beneficiary, like his mobile number, MMID, and the amount to be transferred.
- After this, you need to enter the transaction password to complete the transaction.
- You must have a valid mobile number, which is updated on the Fednet portal.
- You will immediately receive an SMS confirmation regarding the transfer of funds.
What are the transaction limits under FedNet?
To ensure the safety of its customers, certain limits have been set by the Federal Bank regarding fund transfers. The below-mentioned transfer of funds can be accomplished by default:
- A maximum of Rs 2 lakh can be transferred to your accounts.
- A maximum of Rs 30,000 can be transferred to a third party with a Federal Bank account. However, a third party must be added as a beneficiary.
- A maximum of Rs 30,000 can be paid online.
- In case of any transfer of funds, two-factor authentication is mandatory. If individuals want higher transaction limits, they must choose one of the plans mentioned in the table below.
| Schemes | Limit of transactions between own accounts | Transaction limits to another Federal Bank account | Transaction limits to another bank account or for payment of bills | Online payments |
| Gold Net | Unlimited | A maximum of Rs.10 lakh | A maximum of Rs.5 lakh | A maximum of Rs.3 lakh |
| Silver Net | Unlimited | A maximum of Rs.1 lakh | A maximum of Rs.1 lakh | A maximum of Rs.1 lakh |
In case of payments via IMPS, the charges that are levied are mentioned in the table below:
| Amount | Charges |
| Maximum of Rs.1,000 | Nil |
| Above Rs.1,000 and below Rs.1 lakh | Rs.5 |
| Above Rs.1 lakh and below Rs.2 lakh | Rs.10 |
How to Pay the Credit Card Bill on FedNet Banking?
To pay the credit card bill on FedNet, you must complete the registration process and link your credit card to the FedNet account. Here we mentioned step-by-step process to pay the credit card bill is mentioned below:
- First, log in to the FedNet account using the User ID and password.
- Next, you must click on the ‘Funds Transfer’ option.
- On this page, you must add the credit card as a beneficiary.
- Next, you must select the card, the money you want to pay, and the bank account from which the funds will be paid.
- The OTP must validate the transaction sent to your registered mobile number.
Read More: Indian Bank CSP Apply | UCO Bank CSP Apply | Bandhan Bank CSP Apply
