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 Mira Road branch in Thane, Mumbai, 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 Thane or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code FDRL0002124. 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, Mira Road, Thane
Here are some of the key details that come with the IFSC Code FDRL0002124 of Federal Bank for its branch located in Thane, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Federal Bank |
| IFSC Code | FDRL0002124 |
| Branch | Mira Road |
| City | Thane |
| District | Mumbai |
| State | Maharashtra |
| Address | Pent House No.2, Evershining Clave,Jay Satyam Chs Ltd, Behind Rasazz Cinema,Mira Road (E) |
These details helps users in online banking and for businesses and individuals who use Federal Bank in Thane for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FDRL0002124 for the Mira Road branch of Federal Bank plays a vital 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 Mira Road, Thane, Maharashtra, are allotted a unique IFSC like FDRL0002124 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Thane.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Thane and Mumbai.
- 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 Mira Road reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code FDRL0002124
The format of the IFSC Code for banks, including Federal Bank, has 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 Mira Road in Thane.
For example, the IFSC Code FDRL0002124 of Federal Bank for the Mira Road branch includes these elements, identifying the bank and the branch location in Thane and Maharashtra correctly.
How to Find IFSC Code for Federal Bank?
To find the IFSC Code FDRL0002124 of Federal Bank for its Mira Road branch located in Thane, the following methods can help you out:
Cheque Book
The cheque book issued by Federal Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Federal Bank branches in Thane and Mumbai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Federal Bank and go to the branch locator section. Then search for Mira Road or Thane to find the exact IFSC Code FDRL0002124.
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 maintains an updated database of all IFSC codes. Searching for Federal Bank and Thane will provide accurate information.
How to Use IFSC Code FDRL0002124 for Online Transfers?
Once you have the IFSC Code FDRL0002124 for the Mira Road branch of Federal Bank in Thane, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code FDRL0002124. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 FDRL0002124.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Federal Bank Mira Road in Thane, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Federal Bank in Mira Road, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Federal Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Thane manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is FDRL0002124.
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 Pent House No.2, Evershining Clave,Jay Satyam Chs Ltd, Behind Rasazz Cinema,Mira Road (E) located in Thane, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.