ISO 20022 · Market infrastructure
FDNFed Net
Published definition
FedNet is a link to a Federal Bank account via the internet. FedNet enables checking of account balance, transactions, take print outs of account statement, transfer funds to third party accounts, E-shopping, BSNL Payments, Deposit opening, Deposit Renewal, Request for Demand Draft, Cheque Book etc.
Code set and usage
Market infrastructure contains 98 registered codes. Its exact identifier is ExternalMarketInfrastructure1Code.
Specifies the market infrastructure identification, as published in an external market infrastructure code list. This is a synonym of the external cash clearing system code list, extended outside the pure cash domains. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.
This code in other sets 1
These share the characters FDN. Their meanings belong to their respective sets.