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 Mayyanad branch in Kollam, Kollam, Kerala, 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 Kollam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code FDRL0002034. 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, Mayyanad, Kollam
The table below shows the main details of the IFSC Code FDRL0002034 for the Federal Bank branch in Kollam, which falls under the Kollam district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002034 |
| Branch | Mayyanad |
| City | Kollam |
| District | Kollam |
| State | Kerala |
| Address | Ground Floor, Chettiar Building, Xiv/255 Mayyanad |
These details are important not only for users using online banking but also for businesses and individuals who use Federal Bank in Kollam for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code FDRL0002034 for the Mayyanad branch of Federal Bank is vital.
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 FDRL0002034 is given to every bank branch, including Federal Bank located in Mayyanad, Kollam, 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 Kollam.
- 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 Kollam and Kollam.
- 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 Mayyanad doesn't end up at another location.
Format of the IFSC Code FDRL0002034
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 Mayyanad in Kollam.
For example, the IFSC Code FDRL0002034 of Federal Bank for the Mayyanad branch has these elements, identifying the bank and the branch location in Kollam and Kerala correctly.
How to Find IFSC Code for Federal Bank?
If you are trying to find the IFSC Code FDRL0002034 of Federal Bank for its Mayyanad 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 Mayyanad or Kollam to get the exact IFSC Code FDRL0002034.
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 FDRL0002034 for Online Transfers?
Once you have the IFSC Code FDRL0002034 for the Mayyanad branch of Federal Bank in Kollam, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code FDRL0002034. 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 FDRL0002034.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Federal Bank Mayyanad in Kollam, 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 Mayyanad, 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 Kollam manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0002034.
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 Ground Floor, Chettiar Building, Xiv/255 Mayyanad located in Kollam, Kollam, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.