Bhatpara is a city in the Barrackpore subdivision of the Indian state of West Bengal. It is a municipality situated in the North 24 Parganas district. It is included in the Kolkata Metropolitan Development Area or KMDA. The place is known for its rich culture and traditions, especially in the field of Sanskrit learning. The name Bhatpara has been derived from its the ancient name "Bhatta-Palli," where Bhatta refers to the sect of Brahmins who were Sanskrit scholars and Palli refers to locality or village. Nestled on the banks of Hooghly river, this city is known to be house a lot of jute processing plants. Bhatpara was known for its Sanskrit education and most of the schools and colleges in the vicinity of the city offer courses in Sankskrit. It is mostly a residential city with most of its residents working in various service sectors of the KMDA region.
Federal Bank Limited was established on 28th April 1931. In September 2006, the Ganesh Bank of Kurundwad was merged with Federal Bank, and the total number of the bank branches crossed 500. In July 2011, the Federal office launched the general insurance cover for stabilizing the relationship with the clients. FedDelight, banks unique gift card was launched in September 2011. In November 2011, the bank started its 24/7 customer care which was controlled by differently abled people. The Federal Bank has also signed an agreement with Samba Bank for inward remittance. The stocks of the bank get listed on the BSE Index in 2012. In August 2013, the bank launched its first electronic passbook named Fedbook in India, and it was awarded as the most active organization. The bank has adopted an exclusive video conferencing facility named Vconnect to enable customers to interact with relationship managers of the bank. In June 2015, the bank launched an innovative payment app for its customers named, Scan n Pay. Another initiative in digital banking was Fed-E-Credit, the first digital loan in August 2015. In January 2016, the bank introduced miss call based banking services for fund transfer.