Corporate Blog

Welcome to the official blog of Federal Bank. This blog serves as a platform to share updates about the bank's brand activities, products, promotions, events and more with customers, partners and the public. Here you will find announcements about new products and services launched by Federal Bank, details and recaps of marketing campaigns, promotions and offers and insights about the banking industry and trends, stories about our community initiatives and corporate social responsibility work etc. 

Back Startup Stories- Digivriddhi Technologies

We have partnered with DGV to provide financial services to the milk farmers associated with AMUL in Gujarat. Offering cash withdrawal, deposit (current account for mandlis i.e. Village Co-operative Societies and savings account for farmers) and fund transfer services to rural dairy farmers, it is helping in digitizing the farmer milk payment life cycle of 18,000 societies and 36 lakh farmers. Value-added services like bill payment and recharges are also extended to them. Its Micro ATM Services further enables the farmers to receive credits in their accounts and withdraw. 

“Federal Bank’s partnership with DGV is another step towards expanding financial inclusion in the country,” said Shalini Warrier, Executive Director of Federal Bank.

“Under this arrangement, we are providing API banking services across payments, liabilities, and relevant asset products to dairy farmers in Gujarat. DGV’s execution model is unique and aids the reimagining of financial access to farmers. We intend to replicate this model in other parts of the country, and are confident that this collaboration with DGV will revolutionize the dairy neo-banking space.”

DGV is already working with several of India’s leading dairy unions and milk cooperative societies to provide their farmer-partners with payments capabilities, loans, and other financial products. It also aims to introduce “productivity enhancement tools” for its farmer customers.