6 Fe(SO4) + K2(Cr2O7) + 7 H2SO4 → 3 Fe2(SO4)3 + 7 H2O + K2(SO4) + Cr2(SO4)3
This is an oxidation-reduction (redox) reaction:
6 FeII - 6 e- → 6 FeIII (oxidation)
2 CrVI + 6 e- → 2 CrIII (reduction)
Fe(SO4) is a reducing agent, K2(Cr2O7) is an oxidizing agent.