Tirupati is a religious city in the Chittoor district of the Indian state of Andhra Pradesh. The Ministry of Tourism of India awarded the title of the "Best Heritage City" to Tirupati in 2012-13. The city is being developed into a smart city. The city has a population of around three lakhs but it attracts lakhs of devotees who come to visit the famous Tirumala Venkateswara Temple. It is the worlds richest temple of Lord Venkateswara. Tourism is the major industry and main source of economic growth in Tirupati. The entire economy of the city is either directly or indirectly dependent upon Tirumala Tirupati Devasthanams. Being a tourism hub, the hospitality industry has also become a major industry in Tirupati as the city is dotted with hotels, lodges and other forms of accommodation for the devotees and tourists. Apart from tourism, the city is also known for its textile, mobile, automobile, electrical and electronic industries. Besides the main Tirumala Venkateswara Temple, devotees flock to this city to visit all the other ancient temples such as the Padmavathi Temple at Tiruchanur, the Kapileswara Temple at Kapila Theertham, the Govindaraja Temple, the Thathayyagunta Gangamma Temple, Sri Kodandaramaswami Temple, etc.
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.