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 Padaval Kalvai branch in Erode, Padaval Kalvai, Tamil Nadu, 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 Erode or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code FDRL0002552. 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, Padaval Kalvai, Erode
Here are some of the key details that come with the IFSC Code FDRL0002552 of Federal Bank for its branch located in Erode, within the district of Padaval Kalvai in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002552 |
| Branch | Padaval Kalvai |
| City | Erode |
| District | Padaval Kalvai |
| State | Tamil Nadu |
| Address | Bldg No.1018, Padaval Kalvai Village, Maruthi Nagar, Bhavani Taluk, Erode, Tamil Nadu - 638311 |
These details help users in online banking and for businesses and individuals who use Federal Bank in Erode for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002552 for the Padaval Kalvai 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, along with Federal Bank located in Padaval Kalvai, Erode, Tamil Nadu, are given a unique IFSC like FDRL0002552 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Erode.
- 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 Erode and Padaval Kalvai.
- 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 Padaval Kalvai goes to the correct branch. This is important because Federal Bank has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code FDRL0002552
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 Padaval Kalvai in Erode.
For example, the IFSC Code FDRL0002552 of Federal Bank for the Padaval Kalvai branch includes these elements, identifying the bank and the branch location in Erode and Tamil Nadu correctly.
How to Find IFSC Code for Federal Bank?
If you are looking for the IFSC Code FDRL0002552 of Federal Bank for its Padaval Kalvai branch located in Erode, 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 Erode and Padaval Kalvai, 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 Padaval Kalvai or Erode to get the exact IFSC Code FDRL0002552.
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 Erode, then it will provide you proper information.
How to Use IFSC Code FDRL0002552 for Online Transfers?
If you have the IFSC Code FDRL0002552 for the Padaval Kalvai branch of Federal Bank in Erode, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0002552. 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 FDRL0002552.
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 Padaval Kalvai in Erode, 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 Padaval Kalvai, 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 Erode to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0002552.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Bldg No.1018, Padaval Kalvai Village, Maruthi Nagar, Bhavani Taluk, Erode, Tamil Nadu - 638311 located in Erode, Padaval Kalvai, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.