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 Kolkata / Park Circus branch in Kolkata, Kolkata, West Bengal, 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 Kolkata or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code FDRL0001514. 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, Kolkata / Park Circus, Kolkata
Below in the table are the key details related to IFSC Code FDRL0001514 of Federal Bank for its branch located in Kolkata, within the district of Kolkata in the state of West Bengal.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0001514 |
| Branch | Kolkata / Park Circus |
| City | Kolkata |
| District | Kolkata |
| State | West Bengal |
| Address | Don Bosco School Campus Park Circus |
These details help users in online banking and for businesses and individuals who use Federal Bank in Kolkata for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0001514 for the Kolkata / Park Circus 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 that is provided by the Reserve Bank of India. A unique IFSC like FDRL0001514 is given to every bank branch, including Federal Bank located in Kolkata / Park Circus, Kolkata, West Bengal, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Federal Bank branch in Kolkata.
- 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 Kolkata and Kolkata.
- 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 West Bengal and the rest of India, which is why the IFSC Code ensures that transactions meant for Federal Bank in Kolkata / Park Circus doesn't end up at another location.
Format of the IFSC Code FDRL0001514
The format of the IFSC Code for banks, including Federal Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Federal Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Kolkata / Park Circus in Kolkata.
For example, the IFSC Code FDRL0001514 of Federal Bank for the Kolkata / Park Circus branch includes these elements, identifying the bank and the branch location in Kolkata and West Bengal accurately.
How to Find IFSC Code for Federal Bank?
If you are trying to find the IFSC Code FDRL0001514 of Federal Bank for its Kolkata / Park Circus branch located in Kolkata, 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 Kolkata and Kolkata, 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 Kolkata / Park Circus or Kolkata to get the exact IFSC Code FDRL0001514.
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 Kolkata that will provide accurate information.
How to Use IFSC Code FDRL0001514 for Online Transfers?
Once you have the IFSC Code FDRL0001514 for the Kolkata / Park Circus branch of Federal Bank in Kolkata, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0001514. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Federal Bank IFSC Code FDRL0001514.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Federal Bank Kolkata / Park Circus in Kolkata, it can 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 Kolkata / Park Circus, 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 Kolkata manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0001514.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Don Bosco School Campus Park Circus located in Kolkata, Kolkata, West Bengal.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.