The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Federal Bank for its Boisar branch in Palghar, Boisar, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Federal Bank located in Palghar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code FDRL0002437. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Federal Bank, Boisar, Palghar
The table below shows the main details of the IFSC Code FDRL0002437 for the Federal Bank branch in Palghar, which falls under the Boisar district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002437 |
| Branch | Boisar |
| City | Palghar |
| District | Boisar |
| State | Maharashtra |
| Address | Saikripa Building, Gf, Sanjay Nagar, Navapur Road, Near Ram Mandir, Palghar Taluk, Boisar West, Thane, Maharashtra - 401501 |
These details help users in online banking and for businesses and individuals who use Federal Bank in Palghar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002437 for the Boisar branch of Federal Bank has a very 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 Boisar, Palghar, Maharashtra, is provided a unique IFSC like FDRL0002437 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Federal Bank branch in Palghar.
- 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 Palghar and Boisar.
- 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 Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Federal Bank in Boisar do not get misguided to another person.
Format of the IFSC Code FDRL0002437
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 Boisar in Palghar.
For example, the IFSC Code FDRL0002437 of Federal Bank for the Boisar branch includes these elements, identifying the bank and the branch location in Palghar and Maharashtra accurately.
How to Find IFSC Code for Federal Bank?
If you are trying to find the IFSC Code FDRL0002437 of Federal Bank for its Boisar branch located in Palghar, the following methods can help:
Cheque Book
The cheque books that are issued by Federal Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Federal Bank branches in Palghar and Boisar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Federal Bank and find the branch locator section. Search for Boisar or Palghar to get the exact IFSC Code FDRL0002437.
Mobile Banking App
If you use Federal Bank's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Federal Bank and Palghar that will provide accurate information.
How to Use IFSC Code FDRL0002437 for Online Transfers?
Once you have the IFSC Code FDRL0002437 for the Boisar branch of Federal Bank in Palghar, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0002437. 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 FDRL0002437.
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 Boisar in Palghar, it can 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 Boisar, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Palghar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0002437.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Saikripa Building, Gf, Sanjay Nagar, Navapur Road, Near Ram Mandir, Palghar Taluk, Boisar West, Thane, Maharashtra - 401501 located in Palghar, Boisar, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.