IFSC Code, MICR Codes for FEDERAL BANK in KERALA - KOLLAM - VALAKOM - VALAKOM

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


IFSC Code

FDRL0001225

MICR Code

NA

Branch

VALAKOM

Contact

2471315

Address

VALAKOM VALAKOM KOTTARAKKARA

City

VALAKOM

District

KOLLAM

State

KERALA





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

FDRL0001225

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.