Federal Bank has launched a new version of its electronic passbook. Called ‘FedBook’, the new passbook will enable customers of the bank to monitor their loan accounts, keep track of their cheques and view their deposit accounts with ease. It also provides the account holders information about current balance, interest rate, loan period, installment amount, due date of remittance, amount due of their various loan accounts on their cell phones. In the case of deposit accounts – recurring and fixed deposits, deposits with re-investment plan – the opening balance, latest balance, interest rate, date of opening, maturity date, and period of deposit can be viewed, the statement said.
