The Indian Financial System Code (or IFSC) is an 11-digit alpha-numeric code assigned by the Reserve Bank of India to identify every bank branch participating in the payment system uniquely. This code is used by electronic payment system applications such as RTGS, and NEFT. It is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same.
For Federal Bank's 11-digit
IFSC code, the first four letters will be 'FDRL', and the last 6 digits will represent a specific branch code. For example, the
IFSC code of
Federal Bank's branch at E-48,Hauz Khas Market, New Delhi, 110016, is FDRL0001980. Here, 001980 is the branch code.
According to the bank's website, at present it has 8.01 crore customers, 1,252 branches, and 1693 ATMs.
RTGS
The minimum amount to be remitted through RTGS is Rs.2 lakh.
There is no upper ceiling for RTGS transactions.
Timings RTGS will not be available on second and fourth Saturdays of the month.
Charges NEFT There is no limit - either minimum or maximum - on the amount of funds that can be transferred using NEFT. However, maximum amount per transaction is limited to Rs.50,000 for cash-based remittances.
Timings NEFT will not be available on second and fourth Saturdays of the month.
FedRecruit relies on a series of connected events or data points and goes beyond the conventional one-sided resume to construct a 360-degree narrative of the candidate. These data points are gathered through multiple stages--robotic interviews, psychometric and game-based assessments processes etc., Federal Bank HR chief Ajith Kumar KK said.
FedRecruit relies on a series of connected events or data points and goes beyond the conventional one-sided resume to construct a 360-degree narrative of the candidate. These data points are gathered through multiple stages--robotic interviews, psychometric and game-based assessments processes etc., Federal Bank HR chief Ajith Kumar KK said.
