Federal Bank IFSC Code Search

Let’s now take an example of a specific Federal Bank IFSC Code to easily understand the format of the Federal Bank IFSC code. The IFSC code of Federal Bank (Kochi branch) is FDRL0001033.

Bank code				Zero	Branch code
F	D	R	L	0	0	0	1	0	3	3

In Federal Bank IFSC Code, FDRL represents the bank name which is Federal Bank. The 5th character is 0 and the last 6 characters 001033 represent the branch code (Kochi).

Some examples are as under -

State	Branch	IFSC Code
Assam	Tezpur	FDRL0001187
Chandigarh	Chandigarh	FDRL0001373

• IFSC code is required for any kind of electronic fund transfer so when a fund transfer is initiated to a particular payee, the IFSC code ensures the fund transfer is carried out in the right bank avoiding any errors that could happen otherwise
• Once the remitter enters all the details and IFSC code, money is sent directly to the correct bank account with the help of the IFSC code
• IFSC code also helps to eliminate errors
• There is no need to go down to the local branch, stand in a queue for an extended period, just to process small money transfers

Customers can transfer funds via below-mentioned modes:

RTGS

1. RTGS stands for Real Time Gross Settlement
2. RTGS is an online fund transfer mode that is meant for high-value fund transactions and the transfer for the same is done on a real-time basis
3. The minimum transfer amount in RTGS Rs. 2 lakh
4. Maximum Transfer Limit - No limit

NEFT

1. NEFT Stands for National Electronics Fund Transfer
2. NEFT is based on Deferred Net Settlement (DNS) and facilitates the transfer of funds from any bank branch to any other bank branch
3. The minimum transfer amount in NEFT is Re. 1
4. Maximum Transfer Limit - No limit

IMPS

1. IMPS Stands for Immediate Payment Service
2. IMPS is an instant fund service and works throughout the day and can be used 24*7 to transfer funds to any other bank account
3. The minimum transfer amount in IMPS is Re. 1
4. Maximum Transfer Limit - Rs. 2 lakh

Bank customers can easily find the Federal Bank IFSC Code by any of the below-mentioned ways:

1. IFSC Search Tool: Account-holders can search for the Federal Bank IFSC Code using the online IFSC Search Tool offered by Paisabazaar by following the steps mentioned below:
   • Find the IFSC Code Locator Tool at the top of this page
   • Federal Bank is the default bank name selected here
   • Enter the essential information like state and city names
   • Select the Federal Bank's branch to check its IFSC and MICR codes
2. Reserve Bank of India Website: RBI provides the list of all the banks and their branches with IFSC and MICR codes. Simply visit the RBI website and look for the IFSC & MICR of the required Federal Bank Branch.

1. Federal Bank Cheque Book
   • IFSC code is mentioned at the top of the bank's cheque
   • Cheque number and MICR code is present at the bottom of the cheque
2. Federal Bank Passbook: Federal Bank provides its account holders with a passbook at the time of account opening. The customers can also find these codes there on the passbook.
3. Federal Bank Netbanking or Mobile Banking Application: Account-holders can also check the IFSC Code of their respective bank branches by logging into the Federal Bank Net banking portal or mobile banking application provided by the bank.

Magnetic Ink Character Recognition (MICR) code of a bank can speak up many things about a particular bank and its branch. MICR Code is set in such a manner that only concerned banking personnel can explore them for authentication purposes.

MICR code is made up of 9 digits in which the first 3 digits show the name of the city, the next 3 digits show code of the bank and the last 3 digits show the branch name.

160049002 is the MICR Code of Chandigarh

• Federal Bank Cheque Book: The MICR code is located at the bottom of a cheque leaf, next to the cheque number.
• Federal Bank Passbook: Federal Bank provides its account holders with a passbook at the time of account opening. The customers can also find MICR code on the passbook.
• Federal Bank Netbanking or Mobile Banking Application: Account-holders can also check the MICR Code of their respective bank branches by logging into the Federal Bank Net banking portal or mobile banking application provided by the bank.
• Alternatively, one can get the MICR Code via net Paisabazaar IFSC Tool Locator or the RBI Website.

SWIFT stands for Society for Worldwide International Financial Telecommunication and is an alphanumeric code that identifies the various financial institution

• This code makes it faster and simpler to send money electronically from one country to another.
• SWIFT codes are used for international money transfer only.
• SWIFT codes have been developed by ISO and contain 8-11 characters

How to find the Federal Bank Swift Code?

The customers can connect with the Federal Bank customer care department not only through the calls but also through emails to get their SWIFT Code.

MICR CODE	SWIFT CODE	IFSC CODE
MICR is an acronym for Magnetic Ink Character Recognition	SWIFT code stands for ‘Society for Worldwide Interbank Financial Telecommunication’ code	IFSC Stands for Indian Financial System Code
The MICR Code is a 9 digit numeric code that uniquely identifies a bank-branch participating in the ECS Credit scheme	SWIFT Code consists of 8-11 characters used to identify a specific bank in an international transaction, to make sure the money is going to the correct place	IFSC Code is an 11 characters alpha-numeric code which helps in transferring funds electronically from one bank account to another
Used for domestic money transfer within India	Used for International money transfer	Used for domestic money transfer within India