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 Mangalam Dam branch in Palakkad, Mangalam Dam, Kerala, 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 Palakkad or anywhere in Kerala can easily transfer funds instantly by using the correct IFSC Code FDRL0001635. 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, Mangalam Dam, Palakkad

Below in the table are the key details related to IFSC Code FDRL0001635 of Federal Bank for its branch located in Palakkad, within the district of Mangalam Dam in the state of Kerala.

Particulars Details
Bank Federal Bank
IFSC Code FDRL0001635
Branch Mangalam Dam
City Palakkad
District Mangalam Dam
State Kerala
Address Kr Complex, Main Road, Mangalam Dam Palakkad Dist

These details are essential not only for online banking users but also for businesses and individuals who use Federal Bank in Palakkad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0001635 for the Mangalam Dam 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 Mangalam Dam, Palakkad, Kerala, are given a unique IFSC like FDRL0001635 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Palakkad.
  • 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 Palakkad and Mangalam Dam.
  • 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 Mangalam Dam 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 FDRL0001635

The format of the IFSC Code for banks, including Federal Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Federal Bank, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Mangalam Dam in Palakkad.

For example, the IFSC Code FDRL0001635 of Federal Bank for the Mangalam Dam branch includes these elements, identifying the bank and the branch location in Palakkad and Kerala accurately.

How to Find IFSC Code for Federal Bank?

If you are looking for the IFSC Code FDRL0001635 of Federal Bank for its Mangalam Dam branch located in Palakkad, 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 Palakkad and Mangalam Dam, 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 Mangalam Dam or Palakkad to get the exact IFSC Code FDRL0001635.

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 Palakkad, then it will provide you proper information.

How to Use IFSC Code FDRL0001635 for Online Transfers?

Once you have the IFSC Code FDRL0001635 for the Mangalam Dam branch of Federal Bank in Palakkad, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code FDRL0001635. 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 FDRL0001635.

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 Mangalam Dam in Palakkad, 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 Mangalam Dam, 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 Palakkad manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Federal Bank in Mangalam Dam, Palakkad?

The IFSC Code is FDRL0001635.

Is the IFSC Code FDRL0001635 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Federal Bank Mangalam Dam?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Mangalam Dam branch?

The address of the branch is Kr Complex, Main Road, Mangalam Dam Palakkad Dist located in Palakkad, Mangalam Dam, Kerala.

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.