Below are the complete branch details for Federal Bank, CHENNAI KORATTUR branch, located in CHENNAI, TAMIL NADU. The IFSC assigned by the Reserve Bank of India to this branch is FDRL0002424. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case FDRL0002424 for Federal Bank – CHENNAI KORATTUR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Federal Bank – CHENNAI KORATTUR is FDRL0002424. The first four letters FDRL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002424 map to this branch in CHENNAI, TAMIL NADU.
About the bank
Federal Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Chennai Korattur branch in Chennai, Tamil Nadu is part of this network and uses the IFSC code FDRL0002424 for all electronic settlement.
Branch details at a glance
| Bank Name | Federal Bank |
|---|---|
| Branch | Chennai Korattur |
| IFSC Code | FDRL0002424 |
| MICR Code | Refer to cheque leaf |
| Branch Address | H-28, CENTRAL AVENUE, KORATTUR, CHENNAI - 600080 |
| City | Chennai |
| District | Thiruvallur |
| State | Tamil Nadu |
| STD Code | 91 |
| Phone | 7708732350 |
Chennai Korattur branch overview
Located at H-28, CENTRAL AVENUE, KORATTUR, CHENNAI - 600080, the Chennai Korattur branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC FDRL0002424 is required for all interbank electronic transfers routed through this branch.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Federal Bank's CHENNAI KORATTUR branch came to be assigned the code FDRL0002424.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC FDRL0002424, money simply cannot be routed to the CHENNAI KORATTUR branch electronically.
Products and account variants supported
Every account opened at the Chennai Korattur branch is mapped to IFSC FDRL0002424 on the RBI payments network. The branch generally supports the full retail product catalogue of Federal Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains FDRL0002424.
Products and services
Customers walking into the Chennai Korattur branch can access most of Federal Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC FDRL0002424
How to transfer money using IFSC FDRL0002424
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC FDRL0002424 across all three.
NEFT to Federal Bank, CHENNAI KORATTUR using IFSC FDRL0002424
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC FDRL0002424, and confirm that the system picks up Federal Bank – CHENNAI KORATTUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to CHENNAI KORATTUR
If you need to transfer ₹2 lakh or more in one go to an account at Federal Bank's CHENNAI KORATTUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC FDRL0002424 while initiating the transfer and the credit will appear within minutes.
IMPS to Federal Bank CHENNAI KORATTUR (IFSC FDRL0002424)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC FDRL0002424 in your mobile or internet banking app, and the money is credited to the CHENNAI KORATTUR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC FDRL0002424 for Federal Bank – CHENNAI KORATTUR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – FDRL0002424 | Yes – FDRL0002424 | Yes – FDRL0002424 |
For most retail customers crediting the Chennai Korattur branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Federal Bank's CHENNAI KORATTUR branch, the IFSC FDRL0002424 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Online banking and IFSC FDRL0002424
Federal Bank customers can register for net banking and the bank's official mobile app once their account at the CHENNAI KORATTUR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC FDRL0002424 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
MICR & cheque-truncation details
Cheques drawn on the Chennai Korattur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC FDRL0002424 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Federal Bank – CHENNAI KORATTUR:
- The IFSC is exactly FDRL0002424 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Federal Bank as the bank name and CHENNAI KORATTUR as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
How to reach the Chennai Korattur branch
The branch is located at H-28, CENTRAL AVENUE, KORATTUR, CHENNAI - 600080, which puts it inside Chennai, the broader Thiruvallur district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Federal Bank Chennai Korattur branch” — the verified location pin for IFSC FDRL0002424 should appear at the top of the results.
- Confirm the branch is open by calling 91-7708732350 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC FDRL0002424 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC FDRL0002424 for Federal Bank – CHENNAI KORATTUR, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Chennai Korattur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC FDRL0002424, however, work 24x7.
Branch address & contact
Federal BankChennai Korattur Branch
H-28, CENTRAL AVENUE, KORATTUR, CHENNAI - 600080
Chennai, Tamil Nadu
Phone: 91-7708732350
IFSC: FDRL0002424
Frequently asked questions
How quickly will an NEFT transfer using FDRL0002424 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Federal Bank – Chennai Korattur reflect within 30 minutes.
Does Federal Bank Chennai Korattur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-7708732350 to confirm.
Where is Federal Bank Chennai Korattur branch located?
Federal Bank's Chennai Korattur branch is located at H-28, CENTRAL AVENUE, KORATTUR, CHENNAI - 600080, Chennai, Tamil Nadu.
What is the phone number of Federal Bank Chennai Korattur branch?
You can reach the branch at 91-7708732350 during regular banking hours.
Is IFSC FDRL0002424 the same for all accounts at Chennai Korattur branch?
Yes. The IFSC FDRL0002424 is shared by every account held at Federal Bank's Chennai Korattur branch. Only the account number changes from customer to customer.
How do I add Federal Bank Chennai Korattur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC FDRL0002424, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC FDRL0002424 valid for NEFT and RTGS?
Yes. IFSC FDRL0002424 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Summary
The IFSC code FDRL0002424 belongs to Federal Bank's CHENNAI KORATTUR branch, located at H-28, CENTRAL AVENUE, KORATTUR, CHENNAI - 600080 in CHENNAI, TAMIL NADU. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
