IFSC Code of Bandhan Bank Limited, Palshikar Colony Branch Indore Branch, Madhya Pradesh

Below are the complete branch details for Bandhan Bank Limited, PALSHIKAR COLONY BRANCH INDORE branch, located in INDORE, MADHYA PRADESH. The IFSC assigned by the Reserve Bank of India to this branch is BDBL0002572. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case BDBL0002572 for Bandhan Bank Limited – PALSHIKAR COLONY BRANCH INDORE — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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, BDBL0002572 is the IFSC of Bandhan Bank Limited's PALSHIKAR COLONY BRANCH INDORE branch. The format is fixed: BDBL = bank code, 0 = reserved, 002572 = branch identifier.

Bank profile

Bandhan Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Palshikar Colony Branch Indore branch — IFSC BDBL0002572 — extends the bank's services to customers in and around Indore, Madhya Pradesh.

About this branch

The branch is located at SHOP NO 8 AND 9,VEDA HIGH STREET BLOCK,PALSHIKAR COLONY,INDORE,STATE-MADHYA PRADESH,PIN-452007. It serves the Indore 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 BDBL0002572 is used to identify this branch on the RBI payments network.

Branch details at a glance

Why every Bandhan Bank Limited branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including PALSHIKAR COLONY BRANCH INDORE of Bandhan Bank Limited — its own 11-character IFSC. The code BDBL0002572 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC BDBL0002572 the same way you would treat your account number — verify it once and save it carefully for future use.

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 BDBL0002572 and the account number together uniquely identify the Palshikar Colony Branch Indore branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC BDBL0002572

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 BDBL0002572 across all three.

How to use IFSC BDBL0002572 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bandhan Bank Limited's PALSHIKAR COLONY BRANCH INDORE 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 BDBL0002572.
4. Confirm the bank name auto-populates as Bandhan Bank Limited and the branch as PALSHIKAR COLONY BRANCH INDORE.
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 PALSHIKAR COLONY BRANCH INDORE

If you need to transfer ₹2 lakh or more in one go to an account at Bandhan Bank Limited's PALSHIKAR COLONY BRANCH INDORE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BDBL0002572 while initiating the transfer and the credit will appear within minutes.

IMPS to Bandhan Bank Limited PALSHIKAR COLONY BRANCH INDORE (IFSC BDBL0002572)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BDBL0002572 in your mobile or internet banking app, and the money is credited to the PALSHIKAR COLONY BRANCH INDORE branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Palshikar Colony Branch Indore

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 BDBL0002572:

• 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 PALSHIKAR COLONY BRANCH INDORE is still linked to IFSC BDBL0002572.

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.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Bandhan Bank Limited's PALSHIKAR COLONY BRANCH INDORE branch, the IFSC BDBL0002572 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Account types you can open at the Palshikar Colony Branch Indore branch

Once you have an account at Bandhan Bank Limited – PALSHIKAR COLONY BRANCH INDORE, the IFSC BDBL0002572 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.

Products and services

Customers walking into the Palshikar Colony Branch Indore 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 BDBL0002572

Online banking and IFSC BDBL0002572

Bandhan Bank Limited customers can register for net banking and the bank's official mobile app once their account at the PALSHIKAR COLONY BRANCH INDORE 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 BDBL0002572 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.

Reaching the branch

The Palshikar Colony Branch Indore branch sits at SHOP NO 8 AND 9,VEDA HIGH STREET BLOCK,PALSHIKAR COLONY,INDORE,STATE-MADHYA PRADESH,PIN-452007. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call 33-66090909 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC BDBL0002572 and your account number.

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 – PALSHIKAR COLONY BRANCH INDORE:

• The IFSC is exactly BDBL0002572 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 PALSHIKAR COLONY BRANCH INDORE 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.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Palshikar Colony Branch Indore branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BDBL0002572, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC BDBL0002572 for Bandhan Bank Limited – PALSHIKAR COLONY BRANCH INDORE, 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.

Branch address & contact

Frequently asked questions

Summary

The IFSC code BDBL0002572 belongs to Bandhan Bank Limited's PALSHIKAR COLONY BRANCH INDORE branch, located at SHOP NO 8 AND 9,VEDA HIGH STREET BLOCK,PALSHIKAR COLONY,INDORE,STATE-MADHYA… 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.