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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Federal Bank for its Sambalpur branch in Sambalpur, Sambalpur, Odisha, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Federal Bank located in Sambalpur or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code FDRL0002505. 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, Sambalpur, Sambalpur

The table below shows the main details of the IFSC Code FDRL0002505 for the Federal Bank branch in Sambalpur, which falls under the Sambalpur district in Odisha.

Particulars Details
Bank Federal Bank
IFSC Code FDRL0002505
Branch Sambalpur
City Sambalpur
District Sambalpur
State Odisha
Address Shree Tower, Near Dhanupati Police Station, Beside Hotel Sai Krupa, Jail Chowk, Sambalpur, Odisha - 768005

These details are essential not only for online banking users but also for businesses and individuals who use Federal Bank in Sambalpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002505 for the Sambalpur 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 Sambalpur, Sambalpur, Odisha, are given a unique IFSC like FDRL0002505 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Sambalpur.
  • 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 Sambalpur and Sambalpur.
  • 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 Sambalpur goes to the correct branch. This is important because Federal Bank has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code FDRL0002505

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 Sambalpur in Sambalpur.

For example, the IFSC Code FDRL0002505 of Federal Bank for the Sambalpur branch includes these elements, identifying the bank and the branch location in Sambalpur and Odisha accurately.

How to Find IFSC Code for Federal Bank?

If you are trying to find the IFSC Code FDRL0002505 of Federal Bank for its Sambalpur branch located in Sambalpur, 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 Sambalpur and Sambalpur, 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 Sambalpur or Sambalpur to get the exact IFSC Code FDRL0002505.

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 Sambalpur, you'll get the correct details.

How to Use IFSC Code FDRL0002505 for Online Transfers?

If you have the IFSC Code FDRL0002505 for the Sambalpur branch of Federal Bank in Sambalpur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code FDRL0002505. 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 FDRL0002505.

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 Sambalpur in Sambalpur, 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 Sambalpur, 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 Sambalpur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Federal Bank in Sambalpur, Sambalpur?

The IFSC Code is FDRL0002505.

Is the IFSC Code FDRL0002505 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

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

Where can I find the IFSC Code of Federal Bank Sambalpur?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Sambalpur branch?

The address of the branch is Shree Tower, Near Dhanupati Police Station, Beside Hotel Sai Krupa, Jail Chowk, Sambalpur, Odisha - 768005 located in Sambalpur, Sambalpur, Odisha.

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.