IFSC Code of Federal Bank, Iron and Steel Market-Sathangadu Branch, Tamil Nadu

Below are the complete branch details for Federal Bank, IRON AND STEEL MARKET-SATHANGADU branch, located in SATHANGADU, TAMIL NADU. The IFSC assigned by the Reserve Bank of India to this branch is FDRL0002391. 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 FDRL0002391 for Federal Bank – IRON AND STEEL MARKET-SATHANGADU — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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 IRON AND STEEL MARKET-SATHANGADU branch, the IFSC FDRL0002391 breaks down as follows: FDRL identifies the bank, 0 is the reserved character, and 002391 identifies this particular branch.

About the bank

Federal Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Iron and Steel Market-Sathangadu branch in Sathangadu, Tamil Nadu is part of this network and uses the IFSC code FDRL0002391 for all electronic settlement.

Iron and Steel Market-Sathangadu branch overview

Located at GF,CAO ADMINISTRATIVE BUILDING, MARKET MANAGEMENT COMMITTEE,IRON AND STEEL MARKET,SATHANGADU,CHENNAI-600068, the Iron and Steel Market-Sathangadu branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC FDRL0002391 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

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 IRON AND STEEL MARKET-SATHANGADU branch came to be assigned the code FDRL0002391.

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 FDRL0002391, money simply cannot be routed to the IRON AND STEEL MARKET-SATHANGADU branch electronically.

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 FDRL0002391 and the account number together uniquely identify the Iron and Steel Market-Sathangadu branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC FDRL0002391

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 FDRL0002391 across all three.

How to use IFSC FDRL0002391 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Federal Bank's IRON AND STEEL MARKET-SATHANGADU 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC FDRL0002391.
4. Confirm the bank name auto-populates as Federal Bank and the branch as IRON AND STEEL MARKET-SATHANGADU.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to IRON AND STEEL MARKET-SATHANGADU

If you need to transfer ₹2 lakh or more in one go to an account at Federal Bank's IRON AND STEEL MARKET-SATHANGADU branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC FDRL0002391 while initiating the transfer and the credit will appear within minutes.

IMPS to Federal Bank IRON AND STEEL MARKET-SATHANGADU (IFSC FDRL0002391)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC FDRL0002391 in your mobile or internet banking app, and the money is credited to the IRON AND STEEL MARKET-SATHANGADU branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC FDRL0002391 for Federal Bank – IRON AND STEEL MARKET-SATHANGADU, 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.

For most retail customers crediting the Iron and Steel Market-Sathangadu 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 IRON AND STEEL MARKET-SATHANGADU branch, the IFSC FDRL0002391 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.

Products and account variants supported

Every account opened at the Iron and Steel Market-Sathangadu branch is mapped to IFSC FDRL0002391 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 FDRL0002391.

Products and services

Customers walking into the Iron and Steel Market-Sathangadu 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 FDRL0002391

Digital banking channels

Most day-to-day work that customers used to do at the Iron and Steel Market-Sathangadu 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 FDRL0002391 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.

Reaching the branch

The Iron and Steel Market-Sathangadu branch sits at GF,CAO ADMINISTRATIVE BUILDING, MARKET MANAGEMENT COMMITTEE,IRON AND STEEL MARKET,SATHANGADU,CHENNAI-600068. If you are travelling from outside Sathangadu, search for the branch on a maps application using the bank name and locality, or call 91-8825590751 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 FDRL0002391 and your account number.

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 – IRON AND STEEL MARKET-SATHANGADU:

• The IFSC is exactly FDRL0002391 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 IRON AND STEEL MARKET-SATHANGADU 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.

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 Iron and Steel Market-Sathangadu branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC FDRL0002391, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC FDRL0002391 for Federal Bank – IRON AND STEEL MARKET-SATHANGADU, 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 address & contact

Frequently asked questions

Final notes

To recap: FDRL0002391 is the IFSC code of Federal Bank, IRON AND STEEL MARKET-SATHANGADU branch, in SATHANGADU, TAMIL NADU. 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.