IFSC Code of Federal Bank, Derabassi, Mohali, Punjab — FDRL0001854

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Federal Bank for its Derabassi branch in Chandigarh, Mohali, or Punjab, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Federal Bank located in Chandigarh or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code FDRL0001854. 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, Derabassi, Chandigarh

The table below shows the main details of the IFSC Code FDRL0001854 for the Federal Bank branch in Chandigarh, which falls under the Mohali district in Punjab.

These details are essential not only for online banking users but also for businesses and individuals who use Federal Bank in Chandigarh for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0001854 for the Derabassi branch of Federal Bank plays 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 Derabassi, Chandigarh, Punjab, are given a unique IFSC like FDRL0001854 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Chandigarh.
• 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 Chandigarh and Mohali.
• 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 Derabassi goes to the correct branch. This is important because Federal Bank has thousands of branches in Punjab and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code FDRL0001854

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): 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 Derabassi in Chandigarh.

For example, the IFSC Code FDRL0001854 of Federal Bank for the Derabassi branch includes these elements, identifying the bank and the branch location in Chandigarh and Punjab accurately.

How to Find IFSC Code for Federal Bank?

If you are trying to find the IFSC Code FDRL0001854 of Federal Bank for its Derabassi branch located in Chandigarh, 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 Chandigarh and Mohali, 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 Derabassi or Chandigarh to get the exact IFSC Code FDRL0001854.

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 Chandigarh, you'll get the correct details.

How to Use IFSC Code FDRL0001854 for Online Transfers?

Once you have the IFSC Code FDRL0001854 for the Derabassi branch of Federal Bank in Chandigarh, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code FDRL0001854. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Federal Bank IFSC Code FDRL0001854.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Federal Bank Derabassi in Chandigarh, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Federal Bank in Derabassi, here are some of the ways you can get 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.

Knowing both IFSC and MICR code can help account holders in Chandigarh manage their online transfers and cheque clearances easily.