NewZNew (Chandigarh) : Federal Bank announced a cash back offer of Rs. 200 for its Mobile Banking customers. The top 5 spenders using Fedmobile (Federal Bank’s Mobile Banking App) every hour between 8 AM and 10 AM will get cash back of Rs. 200. Funds transfer, mobile recharge and bill payment transactions done through FedMobile will qualify for the offer. There will be 70 winners per day and the offer is valid till 30th April 2016.

Announcing the cash back programme, Shri. Babu K A, Head – Digital Banking said “We are seeing an increase in the usage of our digital offerings, thanks to the convenience it provides and the ease with which the services can be availed, and Mobile is increasingly becoming the preferred channel among these for our customers. We expect to double our Mobile Banking usage during this year”.