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Federal Bank · Shivamogga

FDRL0001590: Federal Bank, Shimoga

IFSC code FDRL0001590 belongs to the Shimoga branch of Federal Bank in Shivamogga, Karnataka. Its MICR code is 577049202.

IFSC
FDRL0001590
MICR
577049202
Bank
Federal Bank
Branch
Shimoga
District
Shivamogga
State
Karnataka
Phone
+918182271997

Branch address

Federal Bank
Sri Laxmi Complex, Nehru Road, Shimoga , Karnataka

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Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPIYesPayments by UPI ID or mobile number from apps

Reading this IFSC

FDRL is Federal Bank's bank code, the fifth character 0 is kept for future use, and 001590 is the code of the Shimoga branch. In the MICR code 577049202, 577 is the city, 049 the bank and 202 the branch.

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

01 FAQ

Common questions.

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  1. The IFSC of Federal Bank's Shimoga branch (Shivamogga, Karnataka) is FDRL0001590.

  2. 577049202. MICR is printed at the bottom of the branch's cheques.

  3. Sri Laxmi Complex, Nehru Road, Shimoga , Karnataka

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC FDRL0001590 with the beneficiary's account number.

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