For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Federal Bank for its Shaper-Veraval branch in Rajkot, Rajkot, Gujarat, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Federal Bank located in Rajkot or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code FDRL0001801. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Federal Bank, Shaper-Veraval, Rajkot
The table below shows the main details of the IFSC Code FDRL0001801 for the Federal Bank branch in Rajkot, which falls under the Rajkot district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0001801 |
| Branch | Shaper-Veraval |
| City | Rajkot |
| District | Rajkot |
| State | Gujarat |
| Address | Shop Nos.1,2,3,4,59,60,61And62,Ist Floor, Shaphire Tower,Near Shapar Bus Stop,Nh-8B |
These details are essential not only for online banking users but also for businesses and individuals who use Federal Bank in Rajkot for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0001801 for the Shaper-Veraval 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 Shaper-Veraval, Rajkot, Gujarat, are allotted a unique IFSC like FDRL0001801 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Rajkot.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Rajkot and Rajkot.
- 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 Shaper-Veraval reaches the right place, even though there are thousands of branches in Gujarat and across India.
Format of the IFSC Code FDRL0001801
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): These represent the bank code. In Federal Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Shaper-Veraval in Rajkot.
For example, the IFSC Code FDRL0001801 of Federal Bank for the Shaper-Veraval branch has these elements, identifying the bank and the branch location in Rajkot and Gujarat correctly.
How to Find IFSC Code for Federal Bank?
If you are trying to find the IFSC Code FDRL0001801 of Federal Bank for its Shaper-Veraval branch located in Rajkot, 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 Rajkot and Rajkot, 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 Shaper-Veraval or Rajkot to get the exact IFSC Code FDRL0001801.
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 Rajkot that will provide accurate information.
How to Use IFSC Code FDRL0001801 for Online Transfers?
Once you have the IFSC Code FDRL0001801 for the Shaper-Veraval branch of Federal Bank in Rajkot, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code FDRL0001801. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Federal Bank IFSC Code FDRL0001801.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Federal Bank Shaper-Veraval in Rajkot, your payment can get delayed or might not go through at all.
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 Shaper-Veraval, 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 Rajkot to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0001801.
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 Shop Nos.1,2,3,4,59,60,61And62,Ist Floor, Shaphire Tower,Near Shapar Bus Stop,Nh-8B located in Rajkot, Rajkot, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.