IFSC Code, MICR Codes for FEDERAL BANK in PUNJAB - CHANDIGARH - MOHALI - DERABASSI

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


IFSC Code

FDRL0001854

MICR Code

NA

Branch

DERABASSI

Contact

0

Address

LOWER GROUND FLOOR CHOPRA TOWER MAIN AMBALA-CHANDIGARH ROAD DERABASSI MOHALI

City

MOHALI

District

CHANDIGARH

State

PUNJAB





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

FDRL0001854

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.