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 Jogvad branch in Jamnagar, Jamnagar, Gujarat, 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 Jamnagar or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code FDRL0002242. 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, Jogvad, Jamnagar
The table below shows the main details of the IFSC Code FDRL0002242 for the Federal Bank branch in Jamnagar, which falls under the Jamnagar district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002242 |
| Branch | Jogvad |
| City | Jamnagar |
| District | Jamnagar |
| State | Gujarat |
| Address | Madav Palza, Near Reliance Township, Opp Reliance Refinery, Jamnagar Khambalia Highway, ,Eghpar, Tal Lalpur, Dist Jamnagar, Gujarat 361280 |
These details helps users in online banking and for businesses and individuals who use Federal Bank in Jamnagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002242 for the Jogvad branch of Federal Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Federal Bank located in Jogvad, Jamnagar, Gujarat, is provided a unique IFSC like FDRL0002242 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Federal Bank branch in Jamnagar.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Jamnagar and Jamnagar.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Gujarat and the rest of India, the IFSC Code ensures that transactions meant for Federal Bank in Jogvad do not get misguided to another person.
Format of the IFSC Code FDRL0002242
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 Jogvad in Jamnagar.
For example, the IFSC Code FDRL0002242 of Federal Bank for the Jogvad branch includes these elements, identifying the bank and the branch location in Jamnagar and Gujarat correctly.
How to Find IFSC Code for Federal Bank?
To find the IFSC Code FDRL0002242 of Federal Bank for its Jogvad branch located in Jamnagar, the following methods can help you out:
Cheque Book
The cheque book issued by Federal Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Federal Bank branches in Jamnagar and Jamnagar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Federal Bank and go to the branch locator section. Then search for Jogvad or Jamnagar to find the exact IFSC Code FDRL0002242.
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 maintains an updated database of all IFSC codes. Searching for Federal Bank and Jamnagar will provide accurate information.
How to Use IFSC Code FDRL0002242 for Online Transfers?
Once you have the IFSC Code FDRL0002242 for the Jogvad branch of Federal Bank in Jamnagar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code FDRL0002242. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 FDRL0002242.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Federal Bank Jogvad in Jamnagar, your payment can get delayed or might not go through at all.
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 Jogvad, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Jamnagar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Jogvad Jamnagar branch is FDRL0002242.
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 Madav Palza, Near Reliance Township, Opp Reliance Refinery, Jamnagar Khambalia Highway, ,Eghpar, Tal Lalpur, Dist Jamnagar, Gujarat 361280.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.