Chhapra or Chapra is located in the Saran district of the Indian state of Bihar. This city is located near the confluence of the Ghaghara and the Ganges River. Dr. Rajendra Prasad, a freedom fighter and the first president of India was from Chhapra. Chhapra gained attention and prominence as a river-based market during the 18th century when the French, Dutch, Portuguese and English established saltpeter refineries in the region. It became a municipality in 1864. The city has good rail and road connections with the rest of the country and it is very close to the neighboring state of Uttar Pradesh. Ambika Bhavani in Chhapra is a well-known shakti peeth temple.
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.