Beneficiary

Q. How can I add a beneficiary?

A. You can use the ‘Add Beneficiary’ option available in ‘Transactions’ tab.

Navigation path: Transactions: Manage Beneficiary > Add Beneficiary

Q. Should I need to add a Federal Bank customer as beneficiary to transfer funds to his account?

A. Yes. You need to add a Federal Bank customer as your beneficiary unless your transaction amount is less than or equal to Rs. 5000.