Fed Fast Plus
Features
Fedfast Plus enables our NRI patrons to remit their money instantly from a Correspondent Bank or Exchange House to Federal Bank account. It offers you the biggest advantage that the amount sent from abroad will be directly credited to beneficiary's account in India in seconds.
State-of-the-art remittance platform to make Rupee remittance from Gulf countries to the beneficiary's account in India.
Online seamless mechanism for funds transfer to Beneficiaries accounts with Federal Bank and also to other NEFT member banks through RBI's (Reserve Bank of India) NEFT.
The amount sent from abroad will be directly credited to beneficiary's account in India within seconds.
2-way SSL(Secured Socket Layer) enabled for added security.
The turnaround time for the complete cycle of the transaction is about 8-10 seconds.
Transfer funds not only to your own accounts, but also to a third party accounts with Federal Bank.
How it works?
Fed Fast Plus is basically a host-to-host transaction facility
This facility is enabled for Instant Remittance from a Correspondent Bank / Exchange House to Federal Bank account
This is an online seamless mechanism for funds transfer to Beneficiaries accounts with Federal Bank and also to other NEFT member banks through RBI's (Reserve Bank of India) NEFT
How to Remit ?
FedFast Plus facility is available at following exchange houses:
- Al Ahalia Money Exchange Bureau,UAE
- Al Ansari Exchange,UAE
- Lulu International Exchange,UAE
- UAE Exchange Centre,UAE
- National Bank of Abu Dhabi, UAE
- Emirates India International Exchange, UAE
- Bahrain Exchange Company, Kuwait
- UAE Exchange Centre,Kuwait
- Al Mulla International Exchange,Kuwait
- Al Dar Exchange, Qatar
- Moderan Exchange, Oman
- Al Jadeed Exchange, Oman
- Bahrain Finance Company, Bahrain
- Muthoot Global, UK
- Royal Exchange (USA) Inc