Federal Bank, SALEM GUGAI, SALEM Branch IFSC Code

The IFSC code FDRL0002358 is assigned to Federal Bank, SALEM GUGAI located in SALEM, TAMIL NADU. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

✓ NEFT ✓ RTGS ✓ IMPS ✓ UPI

Bank Details

Bank Name Federal Bank
IFSC Code FDRL0002358
Branch Code 002358
Branch SALEM GUGAI
City SALEM
District SALEM
State TAMIL NADU
Address NO 2-1,NEXT TO SHANTHI HOSPITAL,ITTERI ROAD,DADAGAPATTI,GUGAI,SALEM,TAMIL NADU-636006 Maps
Contact +918903471252

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

FDRL Bank Code
0 Reserved (0)
002358 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code FDRL0002358 is the Indian Financial System Code assigned to Federal Bank, SALEM GUGAI branch in SALEM, TAMIL NADU. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in SALEM, SALEM, TAMIL NADU. The full address is: NO 2-1,NEXT TO SHANTHI HOSPITAL,ITTERI ROAD,DADAGAPATTI,GUGAI,SALEM,TAMIL NADU-636006

The branch code is 002358. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of Federal Bank.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: FDRL0002358
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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