There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Federal Bank for its Davanagere branch in Davanagere, Davanagere, Karnataka, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Federal Bank situated in Davanagere or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code FDRL0002297. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Federal Bank, Davanagere, Davanagere
The table below shows the main details of the IFSC Code FDRL0002297 for the Federal Bank branch in Davanagere, which falls under the Davanagere district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002297 |
| Branch | Davanagere |
| City | Davanagere |
| District | Davanagere |
| State | Karnataka |
| Address | Raghavendra Plaza, No 200/1A And 200/1B ,3Rd Main , 7Th Cross, 28Th Ward, Pj Extension, Davanagere Post, Karnata 577002 |
These details are essential not only for online banking users but also for businesses and individuals who use Federal Bank in Davanagere for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002297 for the Davanagere 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 Davanagere, Davanagere, Karnataka, are given a unique IFSC like FDRL0002297 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Davanagere.
- 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 Davanagere and Davanagere.
- 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 Davanagere 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 FDRL0002297
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 Davanagere in Davanagere.
For example, the IFSC Code FDRL0002297 of Federal Bank for the Davanagere branch has these elements, identifying the bank and the branch location in Davanagere and Karnataka correctly.
How to Find IFSC Code for Federal Bank?
If you are looking for the IFSC Code FDRL0002297 of Federal Bank for its Davanagere branch located in Davanagere, 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 Davanagere and Davanagere, 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 Davanagere or Davanagere to get the exact IFSC Code FDRL0002297.
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 Davanagere, then it will provide you proper information.
How to Use IFSC Code FDRL0002297 for Online Transfers?
Once you have the IFSC Code FDRL0002297 for the Davanagere branch of Federal Bank in Davanagere, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0002297. Transfers are processed in batches. This is 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. Requires the recipient's account details and Federal Bank IFSC Code FDRL0002297.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Federal Bank Davanagere in Davanagere 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 Davanagere, 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 Davanagere manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0002297.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Raghavendra Plaza, No 200/1A And 200/1B ,3Rd Main , 7Th Cross, 28Th Ward, Pj Extension, Davanagere Post, Karnata 577002 located in Davanagere, Davanagere, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.