This bank launched a Instant Demat account opening facility for the clients.

Instant Demat account opening facility which will help clients to open Demat account instantly without any heavy paper works, was launched jointly by Managing Director & Chief Executive Officer (MD & CEO) of Federal Bank, Shyam Srinivasan and G.V Nageswara Rao, MD& CEO of National Securities Depository Ltd (NSDL). The Demat account can be opened by the customers in a matter of a minute by logging into FedNet which is the federal bank's internet banking portal. The account can be opened any time as it is available 24*7 hours and no paperwork is needed to open the account.