IFSC Code of Bandhan Bank Limited, Indore-Vijaynagar I Branch, Madhya Pradesh

If you are searching for the IFSC code of Bandhan Bank Limited, INDORE-VIJAYNAGAR I branch in INDORE, MADHYA PRADESH, this page has every detail you need. The verified IFSC code for this branch is BDBL0002898. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.

You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the INDORE-VIJAYNAGAR I branch, and detailed step-by-step guides for using the IFSC BDBL0002898 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, BDBL0002898 is the IFSC of Bandhan Bank Limited's INDORE-VIJAYNAGAR I branch. The format is fixed: BDBL = bank code, 0 = reserved, 002898 = branch identifier.

About the bank

Bandhan Bank Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Indore-Vijaynagar I branch in Indore, Madhya Pradesh is part of this network and uses the IFSC code BDBL0002898 for all electronic settlement.

Branch details at a glance

Indore-Vijaynagar I branch overview

Located at 1ST FLOOR,4-VIJAYNAGARE,A.B.ROAD,OPP METOR TOWER,INDORE 452010,MADHYA PRADESH, the Indore-Vijaynagar I branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC BDBL0002898 is required for all interbank electronic transfers routed through this branch.

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 INDORE-VIJAYNAGAR I branch came to be assigned the code BDBL0002898.

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 BDBL0002898, money simply cannot be routed to the INDORE-VIJAYNAGAR I branch electronically.

Products and account variants supported

Every account opened at the Indore-Vijaynagar I branch is mapped to IFSC BDBL0002898 on the RBI payments network. The branch generally supports the full retail product catalogue of Bandhan Bank Limited, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains BDBL0002898.

Products and services

Customers walking into the Indore-Vijaynagar I branch can access most of Bandhan Bank Limited's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC BDBL0002898

How to transfer money using IFSC BDBL0002898

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 BDBL0002898 across all three.

How to use IFSC BDBL0002898 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bandhan Bank Limited's INDORE-VIJAYNAGAR 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 BDBL0002898.
4. Confirm the bank name auto-populates as Bandhan Bank Limited and the branch as INDORE-VIJAYNAGAR I.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC BDBL0002898

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Bandhan Bank Limited – INDORE-VIJAYNAGAR I, ensure your bank's portal accepts IFSC BDBL0002898 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Bandhan Bank Limited INDORE-VIJAYNAGAR I (IFSC BDBL0002898)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BDBL0002898 in your mobile or internet banking app, and the money is credited to the INDORE-VIJAYNAGAR I branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Indore-Vijaynagar I

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC BDBL0002898:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at INDORE-VIJAYNAGAR I is still linked to IFSC BDBL0002898.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC BDBL0002898

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 – INDORE-VIJAYNAGAR I is still mapped to IFSC BDBL0002898. 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 BDBL0002898 and the beneficiary's account number to complete the transfer.

Digital banking channels

Most day-to-day work that customers used to do at the Indore-Vijaynagar I branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC BDBL0002898 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

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 BDBL0002898 and the account number together uniquely identify the Indore-Vijaynagar I branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

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 – INDORE-VIJAYNAGAR I:

• The IFSC is exactly BDBL0002898 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 INDORE-VIJAYNAGAR 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 Indore-Vijaynagar I branch

The branch is located at 1ST FLOOR,4-VIJAYNAGARE,A.B.ROAD,OPP METOR TOWER,INDORE 452010,MADHYA PRADESH, which puts it inside Indore, the broader Indore district, and the state of Madhya Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “Bandhan Bank Limited Indore-Vijaynagar I branch” — the verified location pin for IFSC BDBL0002898 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 BDBL0002898 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC BDBL0002898 for Bandhan Bank Limited – INDORE-VIJAYNAGAR 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 Indore-Vijaynagar 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 BDBL0002898 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code BDBL0002898 belongs to Bandhan Bank Limited's INDORE-VIJAYNAGAR I branch, located at 1ST FLOOR,4-VIJAYNAGARE,A.B.ROAD,OPP METOR TOWER,INDORE 452010,MADHYA PRADESH in INDORE, 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.