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This API is in more than one Product. Select one from the list below.

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Account Opening (1.0.0)(8 APIs included)

Federal Bank’s API for banking correspondence, facilitates account opening on behalf of the Bank. With services like Customer ID creation, savings account opening, duplication check etc., this API bundle offers necessary services to run a fully Digital Business Correspondence model. These APIs help in further enhancing and transforming the existing Bank offerings, by increasing their appeal to the existing and prospective customers alike.

The Account Opening APIs increase the appeal of the Bank and enable it to meet the changing demands of existing customers as well as prospective customers. These APIs also serve as a unique way to increase customer engagement and attend to customer needs in a secure, agile, and future-proof method.

These benefits in turn, can help enhance this aspect of the Banking experience: Customer Engagement.

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Fund Transfer (1.0.0)(12 APIs included)

The Fund Transfer APIs enable easy money transfer services between Bank accounts in India. It facilitates ease in the transfer process using technology solutions like NEFT, RTGS and IMPS mode of payments.

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Virtual Account System (1.0.0)(6 APIs included)

Virtual account is the concept of having multiple aliases or pseudonyms for an account. This allows a fintech partner to create multiple virtual accounts for a physical account maintained in Federal Bank. Funds can be transferred by the partner's customers, to these virtual accounts via various payment channels- NEFT, RTGS, IMPS etc. With Virtual Account System (VAS), one can generate exclusive virtual accounts for each of the customers, from payments are expected. This makes collection, accounting and reconciliation of multiple transactions in an account, easier.

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Digital Credit (1.0.0)(15 APIs included)

These APIs are offered to extend loan facility to Customers, through FinTech applications. The APIs enable automated loan account creation and loan disbursal capabilities which the FinTech applications can readily use to run their services, in a fully digitalized and integrated fashion.

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