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Federal Bank

PALOOR BRANCH

+914651266191

IFSC CODE
FDRL0002113
MICR Code 629049105
Branch Code 002113
City / District PALOOR
State TAMIL NADU
Office Address DOOR NO V/179, VETTUKKATTUVILAI PALOOR VILLAGE, KARINGAL P O,KANYAKUMARI DIST
Phone +914651266191
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Understanding IFSC Code: The Digital DNA of Federal Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the PALOOR branch of Federal Bank, the code FDRL0002113 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the FDRL0002113 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"FDRL" represents Federal Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for PALOOR

Payment Systems Supported by FDRL0002113

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—629049105—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Federal Bank in PALOOR typically follows the RBI holiday calendar. Digital transfers via FDRL0002113 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While FDRL0002113 is the valid code for PALOOR at PALOOR, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

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Financial Tools

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Branch Context

  • • PALOOR Contact
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  • • TAMIL NADU Banking Circle

Platform Links

  • • Anand Design DevBox
  • • SEO Performance Hub
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  • • IFSC Finder v2.0

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