IFSC Code, MICR Codes for FEDERAL BANK in GOA - MARGAO - MARGAO - MARGAO

FEDERAL BANK RTGS HO Branch in MARGAO - Address, IFSC, MICR Code


IFSC Code

FDRL0001186

MICR Code

403049003

Branch

MARGAO

Contact

2703313

Address

P B NO. 361 MABAI BUILDING MARGAO

City

MARGAO

District

MARGAO

State

GOA





What is IFSC Code of FEDERAL BANK situated at MARGAO- RTGS-HO?
IFSC Code of FEDERAL BANK situated at MARGAO - RTGS-HO is

FDRL0001186

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.