The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Federal Bank for its Paradip branch in Adilabad, Paradip, Odisha, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Federal Bank located in Adilabad or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code FDRL0002000. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Federal Bank, Paradip, Adilabad
Here are the main details that are associated with the IFSC Code FDRL0002000 of Federal Bank for its branch located in Adilabad, within the district of Paradip in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002000 |
| Branch | Paradip |
| City | Adilabad |
| District | Paradip |
| State | Odisha |
| Address | Ground Floor, Ocean Castle, Udaybatta, Near Ppl Chhak, Paradip Port (Po) , Jagatsinghpur |
These details help users in online banking and for businesses and individuals who use Federal Bank in Adilabad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002000 for the Paradip branch of Federal Bank has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Federal Bank located in Paradip, Adilabad, Odisha, is provided with a unique IFSC like FDRL0002000 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Federal Bank branch in Adilabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Adilabad and Paradip.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Odisha and the rest of India and the IFSC Code ensures that transactions meant for Federal Bank in Paradip do not get mixed with another location.
Format of the IFSC Code FDRL0002000
The format of the IFSC Code for banks, including Federal Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Federal Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Paradip in Adilabad.
For example, the IFSC Code FDRL0002000 of Federal Bank for the Paradip branch includes these elements, identifying the bank and the branch location in Adilabad and Odisha correctly.
How to Find IFSC Code for Federal Bank?
To find the IFSC Code FDRL0002000 of Federal Bank for its Paradip branch located in Adilabad, the following methods can help you out:
Cheque Book
The cheque book issued by Federal Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Federal Bank branches in Adilabad and Paradip, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Federal Bank and go to the branch locator section. Then search for Paradip or Adilabad to find the exact IFSC Code FDRL0002000.
Mobile Banking App
If you use Federal Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Federal Bank and Adilabad will provide accurate information.
How to Use IFSC Code FDRL0002000 for Online Transfers?
If you have the IFSC Code FDRL0002000 for the Paradip branch of Federal Bank in Adilabad, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0002000. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Asks for the recipient's account details and Federal Bank IFSC Code FDRL0002000.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Federal Bank Paradip in Adilabad, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Federal Bank in Paradip, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Federal Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Adilabad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Paradip Adilabad branch is FDRL0002000.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor, Ocean Castle, Udaybatta, Near Ppl Chhak, Paradip Port (Po) , Jagatsinghpur.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.