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.