The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Federal Bank for its Mayyil branch in Kannur, Kannur, Kerala, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Federal Bank located in Kannur or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code FDRL0002078. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Federal Bank, Mayyil, Kannur
Below in the table are the key details related to IFSC Code FDRL0002078 of Federal Bank for its branch located in Kannur, within the district of Kannur in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002078 |
| Branch | Mayyil |
| City | Kannur |
| District | Kannur |
| State | Kerala |
| Address | Kripa Complex,Main Road, Mayyil P O |
These details helps users in online banking and for businesses and individuals who use Federal Bank in Kannur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002078 for the Mayyil 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 that is provided by the Reserve Bank of India. A unique IFSC like FDRL0002078 is given to every bank branch, including Federal Bank located in Mayyil, Kannur, Kerala, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Federal Bank branch in Kannur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Kannur and Kannur.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Kerala and the rest of India, which is why the IFSC Code ensures that transactions meant for Federal Bank in Mayyil doesn't end up at another location.
Format of the IFSC Code FDRL0002078
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 Mayyil in Kannur.
For example, the IFSC Code FDRL0002078 of Federal Bank for the Mayyil branch has these elements, identifying the bank and the branch location in Kannur and Kerala correctly.
How to Find IFSC Code for Federal Bank?
If you are trying to find the IFSC Code FDRL0002078 of Federal Bank for its Mayyil branch located in Kannur, the following methods can help:
Cheque Book
The cheque books that are issued by Federal Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Federal Bank branches in Kannur and Kannur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Federal Bank and find the branch locator section. Search for Mayyil or Kannur to get the exact IFSC Code FDRL0002078.
Mobile Banking App
If you use Federal Bank's mobile app, you can easily 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 to help you in searching for Federal Bank and Kannur that will provide accurate information.
How to Use IFSC Code FDRL0002078 for Online Transfers?
Once you have the IFSC Code FDRL0002078 for the Mayyil branch of Federal Bank in Kannur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code FDRL0002078. The transfer is completed in batches instead of instantly. It is useful for both 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 FDRL0002078.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Federal Bank Mayyil in Kannur, your payment can get delayed or might not go through at all.
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 Mayyil, 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 Kannur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0002078.
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 Kripa Complex,Main Road, Mayyil P O located in Kannur, Kannur, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
