Federal Bank RAIPUR/ SHANKAR NAGAR IFSC Code, MICR Code - Raipur, Chandigarh

Federal Bank RAIPUR/ SHANKAR NAGAR Branch IFSC Code, MICR Code (Raipur, Chandigarh). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code of Federal Bank RAIPUR/ SHANKAR NAGAR - Raipur, Chandigarh

IFSC Code:FDRL0001945
MICR Code:492049003
Branch Code:001945 (Last six characters of IFSC Code represent Branch code)
Address:18/1421, NEW SHANTI NAGAR, SHANKAR NAGAR P O,
Branch:RAIPUR/ SHANKAR NAGAR
City:RAIPUR
District:Raipur
State:Chandigarh
Contact No.:

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Federal Bank IFSC Code is FDRL0001945, MICR Code is 492049003, Branch Code is 001945 which is last six characters of IFSC Code, Branch name is RAIPUR/ SHANKAR NAGAR located in 18/1421, NEW SHANTI NAGAR, SHANKAR NAGAR P O,, RAIPUR, Raipur, Chandigarh, Contact no. is (No. not provided). IFSC code is used for NEFT, IMPS and RTGS Transactions.

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RAIPURRAIPUR/ SHANKAR NAGAR

What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.