What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Federal Bank Palsana Surat Branch IFSC/MICR Code Details
Bank Name FEDERAL BANK
Address SHOP NOS 23 TO 31, GROUND FLOOR, RAJ COMPLEX PALSANA CHOKDI
State GUJARAT
District SURAT
Branch PALSANA
IFSC Code FDRL0001866
Branch Code 001866 (Last six characters of IFSC code represent Branch code.)
MICR Code 395049004
Contact Phone 0
via https://bankingzone.in/ifsc

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