FEDERAL BANK IFSC CODE

Locate any details of Bank branch in India.

Enter IFSC Code to know Bank details Verify IFSC

Federal Bank’s Indian Financial System Code or IFSC code is a unique 11-digit alphanumeric code assigned by the Reserve Bank of India (RBI) to every branch of a bank to recognise them when engaging in transactions. The IFSC code becomes mandatory to use electronic payment methods of RTGS, IMPS and NEFT from one bank account to another. IFSC code simplifies transactions and eliminates errors as no two banks, or bank branches can have the same IFSC Code. 

Federal Bank IFSC Code Structure

IFSC code consists of the bank name, a future perspective and the last six digits that represent the bank branch. The IFSC Code of Federal Bank breaks down into the following:

  • The first four letters will be ‘FDRL’ representing the bank name.
  • The fifth digit, ‘0’, is for future perspective.
  • The last six digits refer to a unique branch of the Federal Bank.

For instance, Federal Bank at Chandan Palace, Jail Road, Gurgaon, has an IFSC code as FDRL0001355. Here, ‘FDRL’ is the bank name, ‘0’ is kept aside, and ‘001355’ is the branch code for Federal Bank at Jail Road, Gurgaon. 

Before making any transaction, ensure that you have the correct IFSC code.

Federal Bank Branch Code

Every bank branch is different from another, in order to have an easier transaction, a six-digit code is allotted to each bank branch. This unique code is printed on chequebooks and pass-books or can be found on the bank statement. 

MICR Code of Federal Bank

The Magnetic Ink Character Recognition Code or MICR Code is a 9-digit alphanumeric code assigned by the Reserve Bank of  India. It is a unique code assigned to each bank branch, printed at the bottom half of the cheque, for bankers to identify the branches and conveniently clear the cheque. Each bank participating in the Electronic Clearing Services Scheme or the ECS is assigned an MICR Code. For instance, MICR Code ‘110049007’ can be broken down to ‘110’ representing the pincode of Gurgaon, ‘049’ representing the Federal Bank code and ‘007’ denoting the branch code.

Federal Bank’s Bank Code

There is a three-digit code allotted to each bank by the Reserve Bank of India on a national basis. This code can be found in the MICR code as the middle three digits. The bank code for each bank is different but for its various branches remains the same. RBI has assigned ‘049’ as the Federal Bank bank code.

SWIFT Code Federal Bank

The Society for Worldwide Interbank Financial Telecommunication Code or SWIFT Code is used by banks when making international transactions between banks. It is a format of Bank identifier Code or BIC. This code gives a bank or financial institution its unique identity, making the transactions easier. A bank’s SWIFT Code can be found on its website. The SWIFT code is an eight to eleven-digit alphanumeric code that can be divided into the following:

  • The first four letters represent the bank.
  • The next two letters denote the country.
  • The next two can either be a number or an alphabet to point out the location code.
  • The last three digits specify the branch of the bank.

SWIFT Code Federal Bank can be taken as an example -. FDRLINBBIBD can be divided into ‘FDRL’, implying Federal Bank, ‘IN’ denoting India, ‘BB’ is the location code and ‘IBD’ representing the International Banking Department.

FAQs

Where can I find my Federal Bank IFSC code?

Federal Bank IFSC code can be found in the following ways: either by visiting the bank’s official website or looking at the bottom of the chequebook or passbook’s first page. One can also find the IFSC code on the bank statement.

Is the IFSC code the same for all Federal Banks?

No, the IFSC code is not the same for all Federal Banks. Each branch of the bank has its unique IFSC code. No two branches can have the same code.

What are the IMPS charges by Federal Bank?

The Federal Bank has no charge on IMPS of up to INR 1000, as for the amount between 1000 – 1 Lakh, INR 5 has to be paid, on amounts of 1 Lakh – 2 Lakh,  INR 15 has to be paid, and as for transactions above 2 Lakh, a charge of INR 17 will be incurred.

What is the bank code of Federal Bank?

Each bank is allotted a unique code on an all-India basis. The bank code of Federal Bank is 049.

How can I know the branch name of Federal Bank?

The branch name of Federal Bank can be found in the IFSC code in the last six digits.

Need Loan Assistance?

Connect with Loan Advisor Now!

+91
Choose City

EMI Calculator

Eligibility Calculator

Loan Types

Top 10 Banks

Investment Options

Mutual Fund Scheme

Gold & Silver Rate

Home Loan By Other Banks

Personal Loan By Other Banks

Get your latest Credit Score, FREE

Guide

Get in-depth knowledge about all things related to loans and your finances

Top 10 Best Bank for Home Loan In India 2024
Chitra ChaudharyFeb 09, 2024

Top 10 Best Bank for Home Loan In India 2024

We have compiled a list of the best banks for a home loan in India 2024 based on the home loan value it offers to the borrower. These banks offer a variety of home loan programs with numerous advantag

Union Budget 2024 Live Updates
Utsah SharmaFeb 01, 2024

Union Budget 2024 Live Updates

Finance Minister Nirmala Sitharman is presenting the Interim Budget 2024 today, the last one before the Lok Sabha elections. The budget is expected to focus on infrastructure, income tax, and job crea

What is a Credit Card Grace Period?
Rishabh BaisoyJan 07, 2024

What is a Credit Card Grace Period?

A grace period is a period that falls between the billing date and the due payment date. You’ll be charged a minimum amount on purchases during this period, or there will be no charges at all. It’s no

Urban Money