back Back

Federal Bank and ICICI Securities tie-up to provide trading services

By Leandra Monteiro

March 09, 2021

  • Federal Bank
  • India
Share

Federal Bank, ICICI Securities, trading, demat, Equity ATM, bank

Federal Bank and ICICI Securities have entered into a strategic agreement to provide end-to-end trading services to customers of Federal Bank. The tie-up will combine both the company’s expertise to develop and provide next‑generation financial services. The association also offers a unique 3-in-1 account in which demat and SB accounts are with Federal Bank and trading account with ICICI Securities. The tie-up was announced jointly by 7 Federal Bank and ICICI Securities at a virtual event.

The platform has on offer numerous facilities including Equity ATM (eATM) wherein customers get instant credit of funds on selling shares instead of waiting for 2-3 days in case of the normal settlement cycle, access to Prime (a service to get the best of brokerage and interest rates along with enhanced eATM limits and exclusive research with ICICI Direct Prime) and ICICI Direct Neo (a path-breaking zero brokerage plan that is targeted at offering unlimited trading with zero brokerage on all futures trades and flat ₹ 20 per order for Margin and Options trades.)

Speaking on the new association, Shalini Warrier, Executive Director, Federal Bank said, “Today’s investors are looking for ease and convenience in all that they do and through our tie-up with ICICI Securities, we are delighted to give our clients access to a successful and a highly scalable 3 in 1 platform, that is completely digital and seamless. We are glad to partner with ICICI Securities and hope that our partnership will create a new standard for the industry in addition to providing cutting-edge digital technologies to transform customer journey.”

Federal Bank is an Indian private sector bank with a network of 1,263 branches and 1,937 ATMs/Recyclers spread across the country. Federal Bank has its Representative Offices at Dubai and Abu Dhabi that serve as a nerve centre for Non Resident Indian customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City).

Previous Article

March 09, 2021

Franklin Templeton and iGrad partner to develop MyFi Guide, a new personalized financial wellness platform

Read More
Next Article

March 09, 2021

MicroWorkers implements Ontology’s ONTO Wallet to offer additional payment options for workers

Read More








IBSi Daily News Analysis

UAE

February 27, 2024

Federal Bank

Saudi Arabia’s FinTech market poised for exponential growth: vision 2030 sparks innovation surge

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

January 23, 2024

Crédit Agricole CIB selects iGTB’s CTX cash management solution

Read More

January 22, 2024

GB Helios partners with Mambu to bolster offerings in Singapore

Read More

January 08, 2024

iGTB featured in IBS Intelligence case study on Vietcombank’s Cashup program

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023