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 Panna Branch branch in Panna, Panna, Madhya Pradesh, 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 Panna or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code BDBL0002336. 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, Panna Branch, Panna
Here are some of the key details that come with the IFSC Code BDBL0002336 of Bandhan Bank Limited for its branch located in Panna, within the district of Panna in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bandhan Bank Limited |
| IFSC Code | BDBL0002336 |
| Branch | Panna Branch |
| City | Panna |
| District | Panna |
| State | Madhya Pradesh |
| Address | Ground Floor,Parul Palace,Benisagar Mohalla,Near Sbi,Panna,Dist - Panna,Madhya Pradesh - 488001 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bandhan Bank Limited in Panna for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BDBL0002336 for the Panna Branch branch of Bandhan Bank Limited has an important 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 Panna Branch, Panna, Madhya Pradesh, are given a unique IFSC like BDBL0002336 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Panna.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Panna and Panna.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Bandhan Bank Limited in Panna Branch goes to the correct branch. This is important because Bandhan Bank Limited has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BDBL0002336
The format of the IFSC Code for banks, including Bandhan Bank Limited, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Bandhan Bank Limited, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Panna Branch in Panna.
For example, the IFSC Code BDBL0002336 of Bandhan Bank Limited for the Panna Branch branch includes these elements, identifying the bank and the branch location in Panna and Madhya Pradesh correctly.
How to Find IFSC Code for Bandhan Bank Limited?
To find the IFSC Code BDBL0002336 of Bandhan Bank Limited for its Panna Branch branch located in Panna, the following methods can help you out:
Cheque Book
The cheque book issued by Bandhan Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bandhan Bank Limited branches in Panna and Panna, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bandhan Bank Limited and go to the branch locator section. Then search for Panna Branch or Panna to find the exact IFSC Code BDBL0002336.
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 maintains an updated database of all IFSC codes. Searching for Bandhan Bank Limited and Panna will provide accurate information.
How to Use IFSC Code BDBL0002336 for Online Transfers?
Once you have the IFSC Code BDBL0002336 for the Panna Branch branch of Bandhan Bank Limited in Panna, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BDBL0002336. 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 BDBL0002336.
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 Panna Branch in Panna may 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 Panna Branch, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Panna manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BDBL0002336.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Ground Floor,Parul Palace,Benisagar Mohalla,Near Sbi,Panna,Dist - Panna,Madhya Pradesh - 488001 located in Panna, Panna, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.