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Federal Bank launches card to card money transfer

4sept20151Federal Bank has launched instant fund transferring facility through ATMs. The facility known as C 2 C, which denotes Card to Card, allows customers to transfer funds from one card to another. Federal Bank said the customers can transfer money to other 11 banks that are providing the facility. The customer can transfer funds by entering the beneficiary’s 16 digit debit card number and then entering the amount. A maximum of Rs 5000 can be transferred in a day and up to a maximum of Rs 25,000 per month, as per RBI rules. The bank said the fund transfer happens through the platform provided by NPCI and hence it is secure.

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