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 Kulathupuzha branch in Kollam, Kollam, 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 Kollam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code FDRL0002017. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Federal Bank, Kulathupuzha, Kollam
Below in the table are the key details related to IFSC Code FDRL0002017 of Federal Bank for its branch located in Kollam, within the district of Kollam in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002017 |
| Branch | Kulathupuzha |
| City | Kollam |
| District | Kollam |
| State | Kerala |
| Address | Chirayathu Building Kulathupuzha P O |
These details are essential not only for online banking users but also for businesses and individuals who use Federal Bank in Kollam for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002017 for the Kulathupuzha 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 Kulathupuzha, Kollam, Kerala, are given a unique IFSC like FDRL0002017 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kollam.
- 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 Kollam and Kollam.
- 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 Kulathupuzha goes to the correct branch. This is important because Federal Bank has thousands of branches in Kerala and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code FDRL0002017
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): 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 Kulathupuzha in Kollam.
For example, the IFSC Code FDRL0002017 of Federal Bank for the Kulathupuzha branch includes these elements, identifying the bank and the branch location in Kollam and Kerala accurately.
How to Find IFSC Code for Federal Bank?
If you are trying to find the IFSC Code FDRL0002017 of Federal Bank for its Kulathupuzha branch located in Kollam, the following methods can help:
Cheque Book
The cheque book issued by Federal Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Federal Bank branches in Kollam and Kollam, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Federal Bank and navigate to the branch locator section. Search for Kulathupuzha or Kollam to get the exact IFSC Code FDRL0002017.
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 keeps an updated list of all IFSC codes. If you search for Federal Bank and Kollam, you'll get the correct details.
How to Use IFSC Code FDRL0002017 for Online Transfers?
Once you have the IFSC Code FDRL0002017 for the Kulathupuzha branch of Federal Bank in Kollam, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0002017. 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 FDRL0002017.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Federal Bank Kulathupuzha in Kollam 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 Kulathupuzha, 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 Kollam to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0002017.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Chirayathu Building Kulathupuzha P O located in Kollam, Kollam, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.