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Rental Deposit Loans from Federal Bank in Dehri

Dehri is a city in the Indian state of Bihar. It is located in the Rohtas district. It is also known by the name "Sone." River Sone passes through Dehri and the beautiful Indrapuri Dam stands on it. The Kaimur mountains surround the city. Dehri has a population of more than 1.3 lakh people who speak in Hindi, Urdu, Bhojpuri and Magadhi. Dehri has a very rich heritage. The famous Sundial Clock at Dehri, known as Dhup Ghadi, was made in 1871 and is situated near the sone river. Indias second longest railway bridge, which is over the Sone River and more than 3 kilometers long, is situated in Dehri and links the city to Sone Nagar. There is a motor bridge on NH2 with similar length.

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Low interest rate Rental Deposit Loan in Dehri, 12 July 2020 from Federal Bank

The Federal Bank Limited or the Travancore Federal Bank Limited was incorporated on 28th April 1931 with an authorized capital of Rs.5000/- at Nedumpuram, a place near Tiruvalla in Central Travancore under the Travancore Companys Act. It started the business of auction and other banking transactions, connected with agriculture and industry. Shri K P Hormis and his close relatives or friends obtained a controlling interest in the Bank in 1944. On 26th January 1946, the Bank opened its second branch at Angamally. The Bank was licensed under Section 22 of the Banking Companies Act, 1949 on 11th July 1959. In 1970, the Bank got the license of a Scheduled Commercial Bank, which also coincided with the Silver Jubilee Year. In 1972, It witnessed expansion beyond the home state, and the Bank became an Authorised Dealer in Foreign Exchange in 1972. International Banking Department started functioning from Mumbai in 1973. Since then, the Bank could substantially increase its market share of the NRI business. In 1982, the International Banking Department of the bank was later moved to Cochin for centralization of activities. The Bank opened 53 branches during the year 1975 and 42 offices 1976. The total number of offices reached 276 from 114 in 1973. Commenced Merchant Banking Operations in 1989.

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