Send Money Fast and Instant!
Call it magic or call it true! Now sending money online has become a cakewalk too. Don’t believe us? Download the all new FedMobile app, key in the receiver’s unique 7-digit MMID (Mobile Money Identifier) number and send money instantly using the BHIM UPI feature.
For transfers from Federal Bank account, you can transfer funds up to your Quick Pay limit set in the app using FedMobile app and the limit renews after every 24 hours. For transactions to verified beneficiaries, limit of Rs.1 Lac every 24 hours is applicable. While transferring to payee not added as beneficiary, transaction limit is equal to quick pay limit and this resets every 24 hours.
On choosing IMPS mode, you can send up to Rs.2 Lac per transaction and Rs.10 Lac in a day. In order to send more than Rs.1 Lac, in a day, you need to add payee as Beneficiary in the app.