The IFSC Code of VELANCHERY, Federal Bank is FDRL0002296.
What's the Address of VELANCHERY, Federal Bank?
The Address of VELANCHERY, Federal Bank is NEW NO 20, OLD NO 1 B, III MAIN ROAD , RAJALAKSHMI NAGAR, VELACHERY 600042.
What's the MICR Code of VELANCHERY, Federal Bank?
The MICR Code of VELANCHERY, Federal Bank is 600049029.
What's the Contact of VELANCHERY, Federal Bank?
The Contact of VELANCHERY, Federal Bank is +919677405988.
What's the District VELANCHERY, Federal Bank falls under?
The District VELANCHERY, Federal Bank falls under is CHENNAI.
What is IFSC Code
IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT (National Electronic Funds Transfer) system in India.
The IFSC code is used to facilitate electronic money transfers between banks in India. It is used to identify the sender and receiver bank branches, ensuring that the money is credited to the correct account. The IFSC code is made up of three parts:
The first four characters represent the bank code, identifying the bank that the branch belongs to.
The fifth character is always a zero, reserved for future use.
The last six characters represent the branch code, identifying the specific branch of the bank.
For example, the IFSC code for the State Bank of India's Mumbai Fort branch is SBIN0000300. In this code, "SBIN" is the bank code for State Bank of India, "0" is a reserved character, and "000300" is the branch code for the Mumbai Fort branch.
IFSC codes are used in many types of electronic transactions, including NEFT, RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).