The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bandhan Bank Limited for its Silwani Branch branch in Raisen, Gwalior, Madhya Pradesh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Bandhan Bank Limited located in Raisen or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BDBL0002620. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bandhan Bank Limited, Silwani Branch, Raisen
Below in the table are the key details related to IFSC Code BDBL0002620 of Bandhan Bank Limited for its branch located in Raisen, within the district of Gwalior in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bandhan Bank Limited |
| IFSC Code | BDBL0002620 |
| Branch | Silwani Branch |
| City | Raisen |
| District | Gwalior |
| State | Madhya Pradesh |
| Address | Ground Floor, Ward No, 10, Bhopal Road,Old Bus Stand Ph No-18-32,Tehsil,Silwani, Dist-Raisen,State-Madhya Pradesh,Pin-464886 |
These details help users in online banking and for businesses and individuals who use Bandhan Bank Limited in Raisen for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BDBL0002620 for the Silwani Branch branch of Bandhan Bank Limited has a very 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, including Bandhan Bank Limited located in Silwani Branch, Raisen, Madhya Pradesh, is provided with a unique IFSC like BDBL0002620 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bandhan Bank Limited branch in Raisen.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Raisen and Gwalior.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Bandhan Bank Limited in Silwani Branch do not get mixed with another location.
Format of the IFSC Code BDBL0002620
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): 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 Silwani Branch in Raisen.
For example, the IFSC Code BDBL0002620 of Bandhan Bank Limited for the Silwani Branch branch includes these elements, identifying the bank and the branch location in Raisen and Madhya Pradesh accurately.
How to Find IFSC Code for Bandhan Bank Limited?
If you are trying to find the IFSC Code BDBL0002620 of Bandhan Bank Limited for its Silwani Branch branch located in Raisen, 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 Raisen and Gwalior, 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 Silwani Branch or Raisen to get the exact IFSC Code BDBL0002620.
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 Raisen, you'll get the correct details.
How to Use IFSC Code BDBL0002620 for Online Transfers?
Once you have the IFSC Code BDBL0002620 for the Silwani Branch branch of Bandhan Bank Limited in Raisen, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BDBL0002620. The transfer is completed in batches instead of instantly. It is useful for both 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 BDBL0002620.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bandhan Bank Limited Silwani Branch in Raisen, your payment can get delayed or might not go through at all.
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 Silwani 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 Raisen manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Silwani Branch Raisen branch is BDBL0002620.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor, Ward No, 10, Bhopal Road,Old Bus Stand Ph No-18-32,Tehsil,Silwani, Dist-Raisen,State-Madhya Pradesh,Pin-464886.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.