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 Chinchwad Kolhapur Branch IFSC/MICR Code Details
Bank Name FEDERAL BANK
Address BUILDING NO.6 BY 1,R.S.NO.383 MUSLIM LANE MAIN ROAD,CHINCHWAD TALUKA KARVEER,PINCODE 416119
State MAHARASHTRA
District KOLHAPUR
Branch CHINCHWAD
IFSC Code FDRL0002208
Branch Code 002208 (Last six characters of IFSC code represent Branch code.)
MICR Code WAITING
Contact Phone 227407
via https://bankingzone.in/ifsc

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