IFSC Code of Bandhan Bank Limited, Hoshangabad I Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to Bandhan Bank Limited's HOSHANGABAD I branch in HOSANGABADH, MADHYA PRADESH. The branch's IFSC code BDBL0002978 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Bandhan Bank Limited – HOSHANGABAD I is BDBL0002978. The first four letters BDBL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002978 map to this branch in HOSANGABADH, MADHYA PRADESH.

Branch details at a glance

About Bandhan Bank Limited

Bandhan Bank Limited operates a wide network of branches across India, including the Hoshangabad I branch in Hosangabadh. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, BDBL0002978.

About this branch

The branch is located at 1ST FLOOR,MADHUMILAN BHAWAN ABOVE LIC OFFCE,MEENAKSHI CHOWK,HOSHANGABAD-461001,MADHYA PRADESH.. It serves the Hosangabadh region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Bandhan Bank Limited. The IFSC BDBL0002978 is used to identify this branch on the RBI payments network.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Bandhan Bank Limited's HOSHANGABAD I branch came to be assigned the code BDBL0002978.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC BDBL0002978, money simply cannot be routed to the HOSHANGABAD I branch electronically.

How to transfer money using IFSC BDBL0002978

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC BDBL0002978 across all three.

How to use IFSC BDBL0002978 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bandhan Bank Limited's HOSHANGABAD I branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC BDBL0002978.
4. Confirm the bank name auto-populates as Bandhan Bank Limited and the branch as HOSHANGABAD I.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to HOSHANGABAD I

If you need to transfer ₹2 lakh or more in one go to an account at Bandhan Bank Limited's HOSHANGABAD I branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BDBL0002978 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Bandhan Bank Limited – HOSHANGABAD I, use IMPS. With IFSC BDBL0002978 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC BDBL0002978 for Bandhan Bank Limited – HOSHANGABAD I, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Hoshangabad I branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

UPI payments and IFSC BDBL0002978

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Bandhan Bank Limited – HOSHANGABAD I is still mapped to IFSC BDBL0002978. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC BDBL0002978 and the beneficiary's account number to complete the transfer.

Account types you can open at the Hoshangabad I branch

Once you have an account at Bandhan Bank Limited – HOSHANGABAD I, the IFSC BDBL0002978 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Banking services available

The Hoshangabad I branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 33-40456456.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC BDBL0002978

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Bandhan Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC BDBL0002978 and the account number together uniquely identify the Hoshangabad I branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Online banking and IFSC BDBL0002978

Bandhan Bank Limited customers can register for net banking and the bank's official mobile app once their account at the HOSHANGABAD I branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC BDBL0002978 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Bandhan Bank Limited – HOSHANGABAD I:

• The IFSC is exactly BDBL0002978 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Bandhan Bank Limited as the bank name and HOSHANGABAD I as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

How to reach the Hoshangabad I branch

The branch is located at 1ST FLOOR,MADHUMILAN BHAWAN ABOVE LIC OFFCE,MEENAKSHI CHOWK,HOSHANGABAD-461001,MADHYA PRADESH., which puts it inside Hosangabadh, the broader Narmadapuram district, and the state of Madhya Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “Bandhan Bank Limited Hoshangabad I branch” — the verified location pin for IFSC BDBL0002978 should appear at the top of the results.
2. Confirm the branch is open by calling 33-40456456 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC BDBL0002978 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC BDBL0002978 for Bandhan Bank Limited – HOSHANGABAD I, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Hoshangabad I are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to BDBL0002978 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code BDBL0002978 belongs to Bandhan Bank Limited's HOSHANGABAD I branch, located at 1ST FLOOR,MADHUMILAN BHAWAN ABOVE LIC OFFCE,MEENAKSHI… in HOSANGABADH, MADHYA PRADESH. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.