Use this page as a one-stop reference for everything related to Federal Bank's VELANCHERY branch in CHENNAI, TAMIL NADU. The branch's IFSC code FDRL0002296 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Federal Bank's VELANCHERY branch, the IFSC FDRL0002296 breaks down as follows: FDRL identifies the bank, 0 is the reserved character, and 002296 identifies this particular branch.
Bank profile
Federal Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Velanchery branch — IFSC FDRL0002296 — extends the bank's services to customers in and around Chennai, Tamil Nadu.
Branch details at a glance
| Bank Name | Federal Bank |
|---|---|
| Branch | Velanchery |
| IFSC Code | FDRL0002296 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NEW NO 20, OLD NO 1 B, III MAIN ROAD , RAJALAKSHMI NAGAR, VELACHERY 600042 |
| City | Chennai |
| District | Chennai |
| State | Tamil Nadu |
| STD Code | 91 |
| Phone | 9677405988 |
Velanchery branch overview
Located at NEW NO 20, OLD NO 1 B, III MAIN ROAD , RAJALAKSHMI NAGAR, VELACHERY 600042, the Velanchery branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC FDRL0002296 is required for all interbank electronic transfers routed through this branch.
Why every Federal Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including VELANCHERY of Federal Bank — its own 11-character IFSC. The code FDRL0002296 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC FDRL0002296 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Velanchery branch is mapped to IFSC FDRL0002296 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 FDRL0002296.
Products and services
Customers walking into the Velanchery 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 FDRL0002296
How to transfer money using IFSC FDRL0002296
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 FDRL0002296 across all three.
How to use IFSC FDRL0002296 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Federal Bank's VELANCHERY branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC FDRL0002296.
- Confirm the bank name auto-populates as Federal Bank and the branch as VELANCHERY.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC FDRL0002296
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Federal Bank – VELANCHERY, ensure your bank's portal accepts IFSC FDRL0002296 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Federal Bank VELANCHERY (IFSC FDRL0002296)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC FDRL0002296 in your mobile or internet banking app, and the money is credited to the VELANCHERY branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Velanchery
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC FDRL0002296:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at VELANCHERY is still linked to IFSC FDRL0002296.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
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 VELANCHERY branch, the IFSC FDRL0002296 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.
Digital banking channels
Most day-to-day work that customers used to do at the Velanchery branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC FDRL0002296 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
MICR & cheque-truncation details
Cheques drawn on the Velanchery branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC FDRL0002296 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC FDRL0002296
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Federal Bank – VELANCHERY, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
FDRL0002296. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Reaching the branch
The Velanchery branch sits at NEW NO 20, OLD NO 1 B, III MAIN ROAD , RAJALAKSHMI NAGAR, VELACHERY 600042. If you are travelling from outside Chennai, search for the branch on a maps application using the bank name and locality, or call 91-9677405988 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC FDRL0002296 and your account number.
Verifying IFSC FDRL0002296 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm FDRL0002296 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9677405988.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Velanchery are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to FDRL0002296 continue to work without interruption.
Branch address & contact
Federal BankVelanchery Branch
NEW NO 20, OLD NO 1 B, III MAIN ROAD , RAJALAKSHMI NAGAR, VELACHERY 600042
Chennai, Tamil Nadu
Phone: 91-9677405988
IFSC: FDRL0002296
Frequently asked questions
How do I add Federal Bank Velanchery as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC FDRL0002296, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using FDRL0002296 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Federal Bank – Velanchery reflect within 30 minutes.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Velanchery branch but serve different purposes.
Where is Federal Bank Velanchery branch located?
Federal Bank's Velanchery branch is located at NEW NO 20, OLD NO 1 B, III MAIN ROAD , RAJALAKSHMI NAGAR, VELACHERY 600042, Chennai, Tamil Nadu.
Is IFSC FDRL0002296 valid for NEFT and RTGS?
Yes. IFSC FDRL0002296 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC FDRL0002296 the same for all accounts at Velanchery branch?
Yes. The IFSC FDRL0002296 is shared by every account held at Federal Bank's Velanchery branch. Only the account number changes from customer to customer.
What is the phone number of Federal Bank Velanchery branch?
You can reach the branch at 91-9677405988 during regular banking hours.
Summary
The IFSC code FDRL0002296 belongs to Federal Bank's VELANCHERY branch, located at NEW NO 20, OLD NO 1 B, III MAIN ROAD , RAJALAKSHMI NAGAR, VELACHERY 600042 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.
