Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bandhan Bank Limited for its Sillod branch in Aurangabad, Mumbai, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bandhan Bank Limited located in Aurangabad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BDBL0001201. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Bandhan Bank Limited, Sillod, Aurangabad
The table below shows the main details of the IFSC Code BDBL0001201 for the Bandhan Bank Limited branch in Aurangabad, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bandhan Bank Limited |
| IFSC Code | BDBL0001201 |
| Branch | Sillod |
| City | Aurangabad |
| District | Mumbai |
| State | Maharashtra |
| Address | Opp.Dr.Zakir Hussain Nagar Bustand,P.O.Sillod,Maharashtra,Pin - 431 112 |
These details are essential not only for online banking users but also for businesses and individuals who use Bandhan Bank Limited in Aurangabad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BDBL0001201 for the Sillod branch of Bandhan Bank Limited plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bandhan Bank Limited located in Sillod, Aurangabad, Maharashtra, is provided a unique IFSC like BDBL0001201 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bandhan Bank Limited branch in Aurangabad.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Aurangabad and Mumbai.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bandhan Bank Limited in Sillod do not get misguided to another person.
Format of the IFSC Code BDBL0001201
The format of the IFSC Code for banks, including Bandhan Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Bandhan Bank Limited, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Sillod in Aurangabad.
For example, the IFSC Code BDBL0001201 of Bandhan Bank Limited for the Sillod branch has these elements, identifying the bank and the branch location in Aurangabad and Maharashtra correctly.
How to Find IFSC Code for Bandhan Bank Limited?
If you are trying to find the IFSC Code BDBL0001201 of Bandhan Bank Limited for its Sillod branch located in Aurangabad, the following methods can help:
Cheque Book
The cheque book issued by Bandhan Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Bandhan Bank Limited branches in Aurangabad and Mumbai, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Bandhan Bank Limited and navigate to the branch locator section. Search for Sillod or Aurangabad to get the exact IFSC Code BDBL0001201.
Mobile Banking App
If you use Bandhan Bank Limited's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Bandhan Bank Limited and Aurangabad, you'll get the correct details.
How to Use IFSC Code BDBL0001201 for Online Transfers?
Once you have the IFSC Code BDBL0001201 for the Sillod branch of Bandhan Bank Limited in Aurangabad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BDBL0001201. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Bandhan Bank Limited IFSC Code BDBL0001201.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bandhan Bank Limited Sillod in Aurangabad, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bandhan Bank Limited in Sillod, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Bandhan Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Aurangabad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BDBL0001201.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Opp.Dr.Zakir Hussain Nagar Bustand,P.O.Sillod,Maharashtra,Pin - 431 112 located in Aurangabad, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.