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 New Delhi/Hauz Khas branch in New Delhi, New Delhi, or Delhi, 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 New Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code FDRL0001980. 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, New Delhi/Hauz Khas, New Delhi
The table below shows the main details of the IFSC Code FDRL0001980 for the Federal Bank branch in New Delhi, which falls under the New Delhi district in Delhi.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0001980 |
| Branch | New Delhi/Hauz Khas |
| City | New Delhi |
| District | New Delhi |
| State | Delhi |
| Address | E-48,Hauz Khas Market |
These details helps users in online banking and for businesses and individuals who use Federal Bank in New Delhi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0001980 for the New Delhi/Hauz Khas branch of Federal Bank plays a vital 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 New Delhi/Hauz Khas, New Delhi, Delhi, are allotted a unique IFSC like FDRL0001980 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in New Delhi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like New Delhi and New Delhi.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Federal Bank in New Delhi/Hauz Khas reaches the right place, even though there are thousands of branches in Delhi and across India.
Format of the IFSC Code FDRL0001980
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 New Delhi/Hauz Khas in New Delhi.
For example, the IFSC Code FDRL0001980 of Federal Bank for the New Delhi/Hauz Khas branch includes these elements, identifying the bank and the branch location in New Delhi and Delhi accurately.
How to Find IFSC Code for Federal Bank?
If you are trying to find the IFSC Code FDRL0001980 of Federal Bank for its New Delhi/Hauz Khas branch located in New Delhi, 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 New Delhi and New Delhi, 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 New Delhi/Hauz Khas or New Delhi to get the exact IFSC Code FDRL0001980.
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 New Delhi, you'll get the correct details.
How to Use IFSC Code FDRL0001980 for Online Transfers?
If you have the IFSC Code FDRL0001980 for the New Delhi/Hauz Khas branch of Federal Bank in New Delhi, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0001980. 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 FDRL0001980.
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 New Delhi/Hauz Khas in New Delhi, 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 New Delhi/Hauz Khas, 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 New Delhi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0001980.
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 E-48,Hauz Khas Market located in New Delhi, New Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.