IFSC Code of Federal Bank, Good Shed Street- Madurai, Madurai, Tamil Nadu — FDRL0002497

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 Good Shed Street- Madurai branch in Madurai, Madurai, or Tamil Nadu, 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 Madurai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code FDRL0002497. 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, Good Shed Street- Madurai, Madurai

Here are some of the key details that come with the IFSC Code FDRL0002497 of Federal Bank for its branch located in Madurai, within the district of Madurai in the state of Tamil Nadu.

These details are crucial, not just for online banking users but also for businesses and individuals who use Federal Bank in Madurai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002497 for the Good Shed Street- Madurai branch of Federal Bank has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Federal Bank located in Good Shed Street- Madurai, Madurai, Tamil Nadu, is provided a unique IFSC like FDRL0002497 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Federal Bank branch in Madurai.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Madurai and Madurai.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Tamil Nadu and the rest of India, the IFSC Code ensures that transactions meant for Federal Bank in Good Shed Street- Madurai do not get misguided to another person.

Format of the IFSC Code FDRL0002497

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 Good Shed Street- Madurai in Madurai.

For example, the IFSC Code FDRL0002497 of Federal Bank for the Good Shed Street- Madurai branch includes these elements, identifying the bank and the branch location in Madurai and Tamil Nadu accurately.

How to Find IFSC Code for Federal Bank?

If you are looking for the IFSC Code FDRL0002497 of Federal Bank for its Good Shed Street- Madurai branch located in Madurai, the following methods can help:

Cheque Book

The cheque book that is issued by Federal Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Federal Bank branches in Madurai and Madurai, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Federal Bank and look for the branch locator section, then search for Good Shed Street- Madurai or Madurai to get the exact IFSC Code FDRL0002497.

Mobile Banking App

If you use Federal Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Federal Bank and Madurai, then it will provide you proper information.

How to Use IFSC Code FDRL0002497 for Online Transfers?

Once you have the IFSC Code FDRL0002497 for the Good Shed Street- Madurai branch of Federal Bank in Madurai, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code FDRL0002497. 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 FDRL0002497.

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 Good Shed Street- Madurai in Madurai, it can result in delayed or failed transactions.

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 Good Shed Street- Madurai, 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 Madurai manage online transfers as well as cheque clearances with ease.