There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bandhan Bank Limited for its Panagarh Branch branch in Barddhaman, Bardhaman, West Bengal, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Bandhan Bank Limited situated in Barddhaman or anywhere in West Bengal can easily transfer funds instantly by using the correct IFSC Code BDBL0002535. You should 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, Panagarh Branch, Barddhaman
Here are some of the key details that come with the IFSC Code BDBL0002535 of Bandhan Bank Limited for its branch located in Barddhaman, within the district of Bardhaman in the state of West Bengal.
| Particulars | Details |
|---|---|
| Bank | Bandhan Bank Limited |
| IFSC Code | BDBL0002535 |
| Branch | Panagarh Branch |
| City | Barddhaman |
| District | Bardhaman |
| State | West Bengal |
| Address | G T Road,Proyagpur,Opposite Lic Office,Post Office Panagarh Bazar,District -Paschim Bardhaman,State -West Bengal,Pin - 713148 |
These details helps users in online banking and for businesses and individuals who use Bandhan Bank Limited in Barddhaman for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BDBL0002535 for the Panagarh Branch branch of Bandhan Bank Limited plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bandhan Bank Limited located in Panagarh Branch, Barddhaman, West Bengal, are allotted a unique IFSC like BDBL0002535 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Barddhaman.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Barddhaman and Bardhaman.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bandhan Bank Limited in Panagarh Branch reaches the right place, even though there are thousands of branches in West Bengal and across India.
Format of the IFSC Code BDBL0002535
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 Panagarh Branch in Barddhaman.
For example, the IFSC Code BDBL0002535 of Bandhan Bank Limited for the Panagarh Branch branch has these elements, identifying the bank and the branch location in Barddhaman and West Bengal correctly.
How to Find IFSC Code for Bandhan Bank Limited?
If you are trying to find the IFSC Code BDBL0002535 of Bandhan Bank Limited for its Panagarh Branch branch located in Barddhaman, 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
You can easily find the IFSC and MICR codes because most banks, including Bandhan Bank Limited branches in Barddhaman and Bardhaman, print them 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 Panagarh Branch or Barddhaman to get the exact IFSC Code BDBL0002535.
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 Barddhaman, you'll get the correct details.
How to Use IFSC Code BDBL0002535 for Online Transfers?
Once you have the IFSC Code BDBL0002535 for the Panagarh Branch branch of Bandhan Bank Limited in Barddhaman, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BDBL0002535. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Bandhan Bank Limited IFSC Code BDBL0002535.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bandhan Bank Limited Panagarh Branch in Barddhaman may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bandhan Bank Limited in Panagarh Branch, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in Barddhaman manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BDBL0002535.
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 G T Road,Proyagpur,Opposite Lic Office,Post Office Panagarh Bazar,District -Paschim Bardhaman,State -West Bengal,Pin - 713148 located in Barddhaman, Bardhaman, West Bengal.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.