Federal Bank ties up with Chillar Payment Solutions Pvt. Ltd., a technology driven start-up company to promote the start-up’s technology product – ‘Campus Wallet‘. This is a student Identity Card integrated with banking technology.

• Campus Wallet is a futuristic ID card that facilitates students to make petty payments within their school/college campus without opening a bank account.
• Parents can pre-load the desired amount to these cards using their debit/credit cards or through net banking by using Federal Bank’s payment gateway.
• Students can make payments in stores, canteen, library etc within the respective campuses by flashing the Campus Wallet cards at the special swiping machines installed at these locations.
• Since students can use campus wallet only in their respective campuses, parents can ensure control over spends using this card.
• Besides, reports and alert messages to parents with usage specific details like books taken from library, food consumed at canteen etc are add-on features of this new generation ID card.

Chillar also provides a free app for parents with multiple features like card recharge, spending pattern tracking, e-diary, leave application, liaison with teachers etc.

Federal Bank is a leading Private Sector Bank with a branch network of 1,252 branches and 1,548 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.22  Lakh  Crore as at March 31, 2015 and it has earned a net profit of Rs 1005.75 Crore.