There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Federal Bank for its Kidaripatti branch in Madurai, Kidaripatti, Tamil Nadu, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Federal Bank situated in Madurai or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code FDRL0002099. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Federal Bank, Kidaripatti, Madurai

Here are the key points that are associated with the IFSC Code FDRL0002099 of Federal Bank for its branch located in Madurai, within the district of Kidaripatti in the state of Tamil Nadu.

Particulars Details
Bank Federal Bank
IFSC Code FDRL0002099
Branch Kidaripatti
City Madurai
District Kidaripatti
State Tamil Nadu
Address D.No.135 And 136, Alagkovil Main Road Kidarpatti P.O. Madurai

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 FDRL0002099 for the Kidaripatti branch of Federal Bank has 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, including Federal Bank located in Kidaripatti, Madurai, Tamil Nadu, is provided with a unique IFSC like FDRL0002099 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Federal Bank branch in Madurai.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Madurai and Kidaripatti.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Tamil Nadu and the rest of India and the IFSC Code ensures that transactions meant for Federal Bank in Kidaripatti do not get mixed with another location.

Format of the IFSC Code FDRL0002099

The format of the IFSC Code for banks, including Federal Bank, has 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 Kidaripatti in Madurai.

For example, the IFSC Code FDRL0002099 of Federal Bank for the Kidaripatti branch includes these elements, identifying the bank and the branch location in Madurai and Tamil Nadu correctly.

How to Find IFSC Code for Federal Bank?

If you are trying to find the IFSC Code FDRL0002099 of Federal Bank for its Kidaripatti branch located in Madurai, 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 Madurai and Kidaripatti, 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 Kidaripatti or Madurai to get the exact IFSC Code FDRL0002099.

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 Madurai, you'll get the correct details.

How to Use IFSC Code FDRL0002099 for Online Transfers?

If you have the IFSC Code FDRL0002099 for the Kidaripatti branch of Federal Bank in Madurai, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code FDRL0002099. 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 FDRL0002099.

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 Kidaripatti in Madurai, 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 Kidaripatti, 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 Madurai to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Federal Bank Kidaripatti Madurai?

The IFSC Code of the Kidaripatti Madurai branch is FDRL0002099.

Is IFSC Code FDRL0002099 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Federal Bank Kidaripatti branch?

The branch is located at D.No.135 And 136, Alagkovil Main Road Kidarpatti P.O. Madurai.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.