Deoghar, considered to be a holy city, is a part of the Indian state of Jharkhand. It functions as the administrative headquarters of the Deoghar District. It is located in the Santhal Parganas division of harkhand. This city is known for the famed Baidyanath Dham Temple which is one of the 12 Jyotirlinga shrines in India. The city has mythological origins and houses famous mythological temples. Thus Deoghar attracts a lot of tourists and devotees. The famous educational institutions in the city are Deoghar College, Deoghar Ramakrishna Mission and the campus of Birla Institute of Technology. The city has over 2 lakh residents who speak in Hindi. Other popular tourist destinations in and around the city are the Tapavan, the Trikut Parvat, Naulakha Mandir, Nandan Pahar and Sri Sri Thakur Anukul Chandra Satsang Ashrama.
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.