Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Federal Bank for its Wipro Park, Koramangala branch in Bangalore, Koramangala, Karnataka, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Federal Bank located in Bangalore or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code FDRL0002199. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Federal Bank, Wipro Park, Koramangala, Bangalore
Here are the main details that are associated with the IFSC Code FDRL0002199 of Federal Bank for its branch located in Bangalore, within the district of Koramangala in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002199 |
| Branch | Wipro Park, Koramangala |
| City | Bangalore |
| District | Koramangala |
| State | Karnataka |
| Address | Annapoorna Complex, Opp Wipro Park,No 6Th 7Th Main,80 Feet Road 3Rd Block,Koramangala Po, Bangalore |
These details are crucial, not just for online banking users but also for businesses and individuals who use Federal Bank in Bangalore for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002199 for the Wipro Park, Koramangala branch of Federal Bank has an 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, along with Federal Bank located in Wipro Park, Koramangala, Bangalore, Karnataka, are allotted a unique IFSC like FDRL0002199 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 confusion between different branches of the same bank in places like Bangalore and Koramangala.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Federal Bank in Wipro Park, Koramangala reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code FDRL0002199
The format of the IFSC Code for banks, including Federal Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Federal Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Wipro Park, Koramangala in Bangalore.
For example, the IFSC Code FDRL0002199 of Federal Bank for the Wipro Park, Koramangala branch has 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 looking for the IFSC Code FDRL0002199 of Federal Bank for its Wipro Park, Koramangala branch located in Bangalore, the following methods can help:
Cheque Book
The cheque book that is issued by Federal Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Federal Bank branches in Bangalore and Koramangala, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Federal Bank and look for the branch locator section, then search for Wipro Park, Koramangala or Bangalore to get the exact IFSC Code FDRL0002199.
Mobile Banking App
If you use Federal Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Federal Bank and Bangalore, then it will provide you proper information.
How to Use IFSC Code FDRL0002199 for Online Transfers?
If you have the IFSC Code FDRL0002199 for the Wipro Park, 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 FDRL0002199. 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 FDRL0002199.
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 Wipro Park, Koramangala in Bangalore, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Federal Bank in Wipro Park, Koramangala, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Federal Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Bangalore to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Wipro Park, Koramangala Bangalore branch is FDRL0002199.
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 Annapoorna Complex, Opp Wipro Park,No 6Th 7Th Main,80 Feet Road 3Rd Block,Koramangala Po, Bangalore.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.