IFSC Code, MICR Codes for FEDERAL BANK in HARYANA - PANCHKULA - CHANDIGARH - PANCHAKULA

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


IFSC Code

FDRL0001534

MICR Code

160049003

Branch

PANCHAKULA

Contact

0

Address

SCO 63 SECTOR -11 PANCHKULA

City

CHANDIGARH

District

PANCHKULA

State

HARYANA





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

FDRL0001534

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.