Federal Bank Limited, The SWIFT/BIC code

SWIFT/BIC code of Federal Bank Limited, The

Whether a recipient gives you FDRLINBB or FDRLINBBXXX, you are looking at the identical identifier for Federal Bank Limited, The in India. Every bank on the SWIFT network uses these codes to route international transfers to the right bank. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

Below we go through the practical side: receiving money at Federal Bank Limited, The, paying someone in another country and how to check a SWIFT code before you hit send. Remember that the BIC just identifies the bank, not the account: the account number or IBAN takes care of that.

Before you send: check the Federal Bank Limited, The code

The most reliable place for the right code remains a document from the bank itself like a bank statement or the account page in online banking. Compare that code against FDRLINBB here; if they differ, ask before you pay.

Errors in the BIC are costly rather than disastrous – usually the money comes back, minus fees and time lost. A mistake in the account number is a bigger problem because it can reach the wrong person.

An automatic check by your bank merely confirms that the code exists – not that it belongs to the person you mean to pay. More and more banks check the payee name with the account – do not ignore a mismatch warning. A small test payment is a sensible step for large sums.

About this information

We collect SWIFT/BIC codes from publicly available data and update them regularly. Even so, banks merge, rename themselves or change codes, so information can be out of date. Figures such as the number of codes come from our own dataset.

Use our data as a reference, rather than as the last word: the recipient’s bank details come first. GoldexPay is a comparison service and not part of Federal Bank Limited, The. Found an error? Let us know through the contact page so we can correct it.

Incoming international payments to Federal Bank Limited, The

A sender in another country will ask for a few details from you. Give them your name as the bank knows it, your account number or IBAN, the BIC FDRLINBBXXX and your address, which some banks require.

You can include Federal Bank Limited, The and its city too. A mistake in your account number is more trouble than it looks.

Money from abroad does not always land for the full amount. Charges on incoming payments vary per bank; check the price list of Federal Bank Limited, The. On invoices, it is common to agree who bears the costs to avoid a shortfall.

Choosing between the 83 SWIFT codes of Federal Bank Limited, The

We have 83 SWIFT/BIC codes for Federal Bank Limited, The. Next to the head office code FDRLINBBXXX, there are codes for branches, departments or specific services.

For the vast majority of payments to a private or business account, the head office code FDRLINBBXXX is what you need. Just use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

The best way is to copy the code directly from the account holder’s bank details. Branch codes can change over time, so do not rely on old paperwork.

Indian Rupee (INR) and conversion costs

Most accounts at Federal Bank Limited, The are usually held in INR, the national currency of India. If you send another currency, the amount gets converted at some point – by your bank, by Federal Bank Limited, The or by a bank in between. You rarely see a separate charge for that conversion – the cost sits in the rate.

Which bank converts the payment makes a difference, because each party uses its own rate. Compare what INR the recipient gets with several services before choosing one.

Exchange rates change during the day – some services let you fix a rate in advance. If you pay regularly, a slightly better rate make a real difference over a year.

What the XXX in FDRLINBBXXX means

The layout of every SWIFT code is always the same: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. In this case, that core is FDRLINBB.

XXX at the end of FDRLINBBXXX does not stand for a placeholder or a mistake: it stands for the main office of Federal Bank Limited, The. Certain payment forms ask for 11 characters, and then you can enter XXX behind FDRLINBB.

Type the code as one block, in capitals and without separators, exactly as shown here. Pasting the code beats retyping it, because one wrong letter changes the bank.

Paying someone abroad from your Federal Bank Limited, The account

If you transfer money abroad via Federal Bank Limited, The, the visible fee is only part of the cost. You pay the transfer fee, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate.

Most of the cost usually sits in the exchange rate: many banks convert at a rate that includes a margin. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Specialised transfer providers frequently use a rate near the mid-market rate and lower fees. Before your next transfer, take a minute to compare the total cost via GoldexPay instead of going straight to your bank. Using a transfer service does not mean leaving Federal Bank Limited, The – you pay the provider from your own account.

Watch out for payment fraud

A common scam goes like this: you receive a request saying that a company now has a new bank account. That FDRLINBB is a real code is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Before paying, confirm changed bank details by phone. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. If a payment has already gone to the wrong account, contact your bank immediately.

People receiving money can be targeted as well: one known trick is a buyer who pays too much followed by a request to send back the difference abroad. A screenshot of a transfer is no proof – check your own account.

How long does an international transfer to Federal Bank Limited, The take?

How quickly a transfer arrives at Federal Bank Limited, The is determined by a few things: which currency you send, the number of banks in between, cut-off times and differences in time zone. Bank holidays in the sending or receiving country add a day or more to the journey. Compliance checks on larger or unusual payments can also cause a delay, even when all details are correct.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment gets a unique reference, the UETR, which your bank can use to see where the money is. Save the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

The bank that sent the money is able to request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation – it helps your own bank look for the money.