Monday , 24 October 2016
Breaking News

Federal Bank Introduces Tax Return e Filing Services

Federal Bank has come out with a new initiative for its customers to e file their income tax returns easily. For this, the Bank has launched a new portal service ( Customers can login to this portal and upload their Form No.16. The portal will capture details from Form No.16 and pre-populate it. Only a few remaining fields are to be filled in by the customer. The portal can also be used by customers who are not having Form No.16. Non Federal Bank customers can also make use of this facility. 


This portal will complete the e filing and instantly generate the acknowledgement number. The service is free of charges. The portal also gives facility to call for services of the Chartered Accountants at a nominal fee. This service is readily available.


Announcing this service, Shri Babu K A, Head – Digital Banking said “E filing service is yet another digital offering from Federal Bank that enhances customer convenience. Customers can now easily and confidently file their returns through this simple portal.  Customers will find it highly useful as the portal will capture and pre-populate details available in Form No.16, ensuring accuracy and avoiding data entry.  We are happy to launch this service this month when most people file their returns”


About Federal Bank

Federal Bank is a leading Private Sector Bank with a branch network of 1,252 branches and 1,516 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.37 Lakh  Crore as at March 31, 2016 and it has earned a net profit of Rs 475.65 Crore. Bank’s Capital to Risk weighted Ratio (CRAR) stood at 13.93% at the end of March 31, 2016. Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City). Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress.