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 Pune/Pimple Saudagar branch in Pune, Pune, or Maharashtra, 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 Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code FDRL0001818. 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, Pune/Pimple Saudagar, Pune
The table below shows the main details of the IFSC Code FDRL0001818 for the Federal Bank branch in Pune, which falls under the Pune district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0001818 |
| Branch | Pune/Pimple Saudagar |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Address | Shop No 1 Ground Floor Prime Square S No 125/5 Anudh Annexe |
These details help users in online banking and for businesses and individuals who use Federal Bank in Pune for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0001818 for the Pune/Pimple Saudagar 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like FDRL0001818 is given to every bank branch, including Federal Bank located in Pune/Pimple Saudagar, Pune, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Federal Bank branch in Pune.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Pune and Pune.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Federal Bank in Pune/Pimple Saudagar doesn't end up at another location.
Format of the IFSC Code FDRL0001818
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 Pune/Pimple Saudagar in Pune.
For example, the IFSC Code FDRL0001818 of Federal Bank for the Pune/Pimple Saudagar branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra accurately.
How to Find IFSC Code for Federal Bank?
If you are trying to find the IFSC Code FDRL0001818 of Federal Bank for its Pune/Pimple Saudagar branch located in Pune, 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
You can easily find the IFSC and MICR codes because most banks, including Federal Bank branches in Pune and Pune, print them 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 Pune/Pimple Saudagar or Pune to get the exact IFSC Code FDRL0001818.
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 Pune, you'll get the correct details.
How to Use IFSC Code FDRL0001818 for Online Transfers?
Once you have the IFSC Code FDRL0001818 for the Pune/Pimple Saudagar branch of Federal Bank in Pune, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FDRL0001818. 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 FDRL0001818.
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 Pune/Pimple Saudagar in Pune, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Federal Bank in Pune/Pimple Saudagar, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Pune manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Pune/Pimple Saudagar Pune branch is FDRL0001818.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Shop No 1 Ground Floor Prime Square S No 125/5 Anudh Annexe.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.