IFSC Code of Federal Bank, Panposh, Panposh, Odisha — FDRL0002177

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 Panposh branch in Sundargarh, Panposh, Odisha, 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 Sundargarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code FDRL0002177. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Federal Bank, Panposh, Sundargarh

The table below shows the main details of the IFSC Code FDRL0002177 for the Federal Bank branch in Sundargarh, which falls under the Panposh district in Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use Federal Bank in Sundargarh for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002177 for the Panposh branch of Federal Bank has 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 Panposh, Sundargarh, Odisha, are given a unique IFSC like FDRL0002177 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Sundargarh.
• 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 Sundargarh and Panposh.
• 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 Panposh 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 FDRL0002177

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 Panposh in Sundargarh.

For example, the IFSC Code FDRL0002177 of Federal Bank for the Panposh branch includes these elements, identifying the bank and the branch location in Sundargarh and Odisha accurately.

How to Find IFSC Code for Federal Bank?

If you are trying to find the IFSC Code FDRL0002177 of Federal Bank for its Panposh branch located in Sundargarh, 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 Sundargarh and Panposh, 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 Panposh or Sundargarh to get the exact IFSC Code FDRL0002177.

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 Sundargarh that will provide accurate information.

How to Use IFSC Code FDRL0002177 for Online Transfers?

Once you have the IFSC Code FDRL0002177 for the Panposh branch of Federal Bank in Sundargarh, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code FDRL0002177. Transfers are processed in batches. This is 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. Requires the recipient's account details and Federal Bank IFSC Code FDRL0002177.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Federal Bank Panposh in Sundargarh 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 Panposh, 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 Sundargarh to handle online money transfers and get their cheques cleared smoothly.