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 Bangalore Koramangala branch in Bangalore, Bangalore, Karnataka, 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 Bangalore or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code FDRL0001437. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Federal Bank, Bangalore Koramangala, Bangalore
Here are some of the key details that come with the IFSC Code FDRL0001437 of Federal Bank for its branch located in Bangalore, within the district of Bangalore in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0001437 |
| Branch | Bangalore Koramangala |
| City | Bangalore |
| District | Bangalore |
| State | Karnataka |
| Address | No.820 20Th Main Golden House 8Th Block 80 Ft.Road Koramangala |
These details are important not only for users using online banking but also for businesses and individuals who use Federal Bank in Bangalore for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code FDRL0001437 for the Bangalore Koramangala branch of Federal Bank is vital.
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, along with Federal Bank located in Bangalore Koramangala, Bangalore, Karnataka, are given a unique IFSC like FDRL0001437 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bangalore.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Bangalore and Bangalore.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Federal Bank in Bangalore Koramangala goes to the correct branch. This is important because Federal Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code FDRL0001437
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 Bangalore Koramangala in Bangalore.
For example, the IFSC Code FDRL0001437 of Federal Bank for the Bangalore Koramangala branch includes these elements, identifying the bank and the branch location in Bangalore and Karnataka correctly.
How to Find IFSC Code for Federal Bank?
If you are trying to find the IFSC Code FDRL0001437 of Federal Bank for its Bangalore Koramangala branch located in Bangalore, the following methods can help:
Cheque Book
The cheque book issued by Federal Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Federal Bank branches in Bangalore and Bangalore, print them on the first page of your passbook.
Bank Website
Visit the official website of Federal Bank and navigate to the branch locator section. Search for Bangalore Koramangala or Bangalore to get the exact IFSC Code FDRL0001437.
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 keeps an updated list of all IFSC codes. If you search for Federal Bank and Bangalore, you'll get the correct details.
How to Use IFSC Code FDRL0001437 for Online Transfers?
If you have the IFSC Code FDRL0001437 for the Bangalore Koramangala branch of Federal Bank in Bangalore, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0001437. 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 FDRL0001437.
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 Bangalore Koramangala in Bangalore, 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 Bangalore Koramangala, 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 Bangalore manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0001437.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is No.820 20Th Main Golden House 8Th Block 80 Ft.Road Koramangala located in Bangalore, Bangalore, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.