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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Federal Bank for its Gonikopal branch in Kodagu, Gonikoppal, or Karnataka, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Federal Bank located in Kodagu or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code FDRL0001961. 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, Gonikopal, Kodagu
The table below shows the main details of the IFSC Code FDRL0001961 for the Federal Bank branch in Kodagu, which falls under the Gonikoppal district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0001961 |
| Branch | Gonikopal |
| City | Kodagu |
| District | Gonikoppal |
| State | Karnataka |
| Address | Sudharma Building, Near Masjid Ponnampet Road Jn., Main Road, Kodagu Dist |
These details are essential not only for online banking users but also for businesses and individuals who use Federal Bank in Kodagu for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0001961 for the Gonikopal 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 Gonikopal, Kodagu, Karnataka, are given a unique IFSC like FDRL0001961 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kodagu.
- 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 Kodagu and Gonikoppal.
- 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 Gonikopal 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 FDRL0001961
This is the format of the IFSC Code for banks, including Federal Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Federal Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Gonikopal in Kodagu.
For example, the IFSC Code FDRL0001961 of Federal Bank for the Gonikopal branch includes these elements, identifying the bank and the branch location in Kodagu and Karnataka accurately.
How to Find IFSC Code for Federal Bank?
If you are trying to find the IFSC Code FDRL0001961 of Federal Bank for its Gonikopal branch located in Kodagu, 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 Kodagu and Gonikoppal, 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 Gonikopal or Kodagu to get the exact IFSC Code FDRL0001961.
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 Kodagu that will provide accurate information.
How to Use IFSC Code FDRL0001961 for Online Transfers?
If you have the IFSC Code FDRL0001961 for the Gonikopal branch of Federal Bank in Kodagu, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0001961. 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 FDRL0001961.
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 Gonikopal in Kodagu, 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 Gonikopal, 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 Kodagu manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0001961.
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 Sudharma Building, Near Masjid Ponnampet Road Jn., Main Road, Kodagu Dist located in Kodagu, Gonikoppal, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.