IFSC Code, MICR Codes for FEDERAL BANK in KERALA - PATHANAMTHITTA - PARAKODE - PARAKODE

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


IFSC Code

FDRL0001136

MICR Code

691049054

Branch

PARAKODE

Contact

216438

Address

P B NO. 2 PARAKODE PARAKODE

City

PARAKODE

District

PATHANAMTHITTA

State

KERALA





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

FDRL0001136

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.