For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Federal Bank for its Gwalior branch in Gwalior, Gwalior, Madhya Pradesh, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Federal Bank located in Gwalior or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code FDRL0002408. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Federal Bank, Gwalior, Gwalior
Here are the main details that are associated with the IFSC Code FDRL0002408 of Federal Bank for its branch located in Gwalior, within the district of Gwalior in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002408 |
| Branch | Gwalior |
| City | Gwalior |
| District | Gwalior |
| State | Madhya Pradesh |
| Address | Devdeep, Plot No.49-50, Kailash Vihar, Opp. Hotel Radiance, City Centre, Gwalior, Madhya Pradesh- 474011 |
These details helps users in online banking and for businesses and individuals who use Federal Bank in Gwalior for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002408 for the Gwalior branch of Federal Bank plays a vital 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 Gwalior, Gwalior, Madhya Pradesh, are allotted a unique IFSC like FDRL0002408 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Gwalior.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Gwalior and Gwalior.
- 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 Gwalior reaches the right place, even though there are thousands of branches in Madhya Pradesh and across India.
Format of the IFSC Code FDRL0002408
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 Gwalior in Gwalior.
For example, the IFSC Code FDRL0002408 of Federal Bank for the Gwalior branch has these elements, identifying the bank and the branch location in Gwalior and Madhya Pradesh correctly.
How to Find IFSC Code for Federal Bank?
If you are looking for the IFSC Code FDRL0002408 of Federal Bank for its Gwalior branch located in Gwalior, 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 Gwalior and Gwalior, 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 Gwalior or Gwalior to get the exact IFSC Code FDRL0002408.
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 Gwalior, then it will provide you proper information.
How to Use IFSC Code FDRL0002408 for Online Transfers?
Once you have the IFSC Code FDRL0002408 for the Gwalior branch of Federal Bank in Gwalior, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0002408. 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 FDRL0002408.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Federal Bank Gwalior in Gwalior 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 Gwalior, 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 Gwalior to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0002408.
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 Devdeep, Plot No.49-50, Kailash Vihar, Opp. Hotel Radiance, City Centre, Gwalior, Madhya Pradesh- 474011 located in Gwalior, Gwalior, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.