Below are the complete branch details for Federal Bank, MAYYANAD branch, located in KOLLAM, KERALA. The IFSC assigned by the Reserve Bank of India to this branch is FDRL0002034. 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 FDRL0002034 for Federal Bank – MAYYANAD — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, FDRL0002034 is the IFSC of Federal Bank's MAYYANAD branch. The format is fixed: FDRL = bank code, 0 = reserved, 002034 = branch identifier.
Branch details at a glance
| Bank Name | Federal Bank |
|---|---|
| Branch | Mayyanad |
| IFSC Code | FDRL0002034 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR, CHETTIAR BUILDING, XIV/255 MAYYANAD |
| City | Kollam |
| District | Kollam |
| State | Kerala |
| STD Code | 474 |
| Phone | 2555696 |
About the bank
Federal Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mayyanad branch in Kollam, Kerala is part of this network and uses the IFSC code FDRL0002034 for all electronic settlement.
About the Mayyanad branch
The Mayyanad branch of Federal Bank is situated at GROUND FLOOR, CHETTIAR BUILDING, XIV/255 MAYYANAD. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code FDRL0002034 is used.
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 MAYYANAD branch came to be assigned the code FDRL0002034.
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 FDRL0002034, money simply cannot be routed to the MAYYANAD branch electronically.
How to transfer money using IFSC FDRL0002034
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 FDRL0002034 across all three.
NEFT to Federal Bank, MAYYANAD using IFSC FDRL0002034
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 FDRL0002034, and confirm that the system picks up Federal Bank – MAYYANAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC FDRL0002034
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 – MAYYANAD, ensure your bank's portal accepts IFSC FDRL0002034 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Federal Bank MAYYANAD (IFSC FDRL0002034)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC FDRL0002034 in your mobile or internet banking app, and the money is credited to the MAYYANAD branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC FDRL0002034 for Federal Bank – MAYYANAD, 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 – FDRL0002034 | Yes – FDRL0002034 | Yes – FDRL0002034 |
For most retail customers crediting the Mayyanad 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.
UPI payments and IFSC FDRL0002034
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Federal Bank – MAYYANAD is still mapped to IFSC FDRL0002034. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC FDRL0002034 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Mayyanad branch is mapped to IFSC FDRL0002034 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 FDRL0002034.
Banking services available
The Mayyanad branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 474-2555696.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC FDRL0002034
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Federal Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC FDRL0002034 and the account number together uniquely identify the Mayyanad branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Mayyanad 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 FDRL0002034 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.
Common mistakes to avoid when using IFSC FDRL0002034
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 – MAYYANAD, 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:
FDRL0002034. - 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 Mayyanad branch sits at GROUND FLOOR, CHETTIAR BUILDING, XIV/255 MAYYANAD. If you are travelling from outside Kollam, search for the branch on a maps application using the bank name and locality, or call 474-2555696 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 FDRL0002034 and your account number.
Verifying IFSC FDRL0002034 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 FDRL0002034 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 474-2555696.
- Visiting the bank's official branch locator page.
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 Mayyanad branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC FDRL0002034, however, work 24x7.
Branch address & contact
Federal BankMayyanad Branch
GROUND FLOOR, CHETTIAR BUILDING, XIV/255 MAYYANAD
Kollam, Kerala
Phone: 474-2555696
IFSC: FDRL0002034
Frequently asked questions
Is IFSC FDRL0002034 valid for NEFT and RTGS?
Yes. IFSC FDRL0002034 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Mayyanad branch but serve different purposes.
Is IFSC FDRL0002034 the same for all accounts at Mayyanad branch?
Yes. The IFSC FDRL0002034 is shared by every account held at Federal Bank's Mayyanad branch. Only the account number changes from customer to customer.
Does Federal Bank Mayyanad branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 474-2555696 to confirm.
How do I add Federal Bank Mayyanad as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC FDRL0002034, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC FDRL0002034 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC FDRL0002034 to send funds instantly.
Final notes
To recap: FDRL0002034 is the IFSC code of Federal Bank, MAYYANAD branch, in KOLLAM, KERALA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
