IFSC Code of Bandhan Bank Limited, Machnoor Square Branch Raichur Branch, Karnataka

If you are searching for the IFSC code of Bandhan Bank Limited, MACHNOOR SQUARE BRANCH RAICHUR branch in RAICHUR, KARNATAKA, this page has every detail you need. The verified IFSC code for this branch is BDBL0002582. 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 MACHNOOR SQUARE BRANCH RAICHUR branch, and detailed step-by-step guides for using the IFSC BDBL0002582 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.

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 – MACHNOOR SQUARE BRANCH RAICHUR is BDBL0002582. The first four letters BDBL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002582 map to this branch in RAICHUR, KARNATAKA.

Branch details at a glance

About Bandhan Bank Limited

Bandhan Bank Limited operates a wide network of branches across India, including the Machnoor Square Branch Raichur branch in Raichur. 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, BDBL0002582.

About the Machnoor Square Branch Raichur branch

The Machnoor Square Branch Raichur branch of Bandhan Bank Limited is situated at MACHNOOR SQUARE,GROUND FLOOR,NEAR GANDHI CHOWK,DIST-RAICHUR,STATE-KARNATAKA,PIN-584101. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code BDBL0002582 is used.

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 MACHNOOR SQUARE BRANCH RAICHUR branch came to be assigned the code BDBL0002582.

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 BDBL0002582, money simply cannot be routed to the MACHNOOR SQUARE BRANCH RAICHUR branch electronically.

How to transfer money using IFSC BDBL0002582

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 BDBL0002582 across all three.

NEFT to Bandhan Bank Limited, MACHNOOR SQUARE BRANCH RAICHUR using IFSC BDBL0002582

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC BDBL0002582, and confirm that the system picks up Bandhan Bank Limited – MACHNOOR SQUARE BRANCH RAICHUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to MACHNOOR SQUARE BRANCH RAICHUR

If you need to transfer ₹2 lakh or more in one go to an account at Bandhan Bank Limited's MACHNOOR SQUARE BRANCH RAICHUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BDBL0002582 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 – MACHNOOR SQUARE BRANCH RAICHUR, use IMPS. With IFSC BDBL0002582 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 BDBL0002582 for Bandhan Bank Limited – MACHNOOR SQUARE BRANCH RAICHUR, 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 Machnoor Square Branch Raichur 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 BDBL0002582

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 – MACHNOOR SQUARE BRANCH RAICHUR is still mapped to IFSC BDBL0002582. 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 BDBL0002582 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Machnoor Square Branch Raichur branch is mapped to IFSC BDBL0002582 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 BDBL0002582.

Banking services available

The Machnoor Square Branch Raichur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 33-66090909.

• 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 BDBL0002582

MICR & cheque-truncation details

Cheques drawn on the Machnoor Square Branch Raichur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BDBL0002582 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC BDBL0002582

Bandhan Bank Limited customers can register for net banking and the bank's official mobile app once their account at the MACHNOOR SQUARE BRANCH RAICHUR 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 BDBL0002582 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.

Common mistakes to avoid when using IFSC BDBL0002582

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Bandhan Bank Limited – MACHNOOR SQUARE BRANCH RAICHUR, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: BDBL0002582.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

How to reach the Machnoor Square Branch Raichur branch

The branch is located at MACHNOOR SQUARE,GROUND FLOOR,NEAR GANDHI CHOWK,DIST-RAICHUR,STATE-KARNATAKA,PIN-584101, which puts it inside Raichur, the broader Raichur district, and the state of Karnataka. To plan your visit:

1. Open Google Maps on your phone and search for “Bandhan Bank Limited Machnoor Square Branch Raichur branch” — the verified location pin for IFSC BDBL0002582 should appear at the top of the results.
2. Confirm the branch is open by calling 33-66090909 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 BDBL0002582 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC BDBL0002582 for Bandhan Bank Limited – MACHNOOR SQUARE BRANCH RAICHUR, 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 Machnoor Square Branch Raichur 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 BDBL0002582 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: BDBL0002582 is the IFSC code of Bandhan Bank Limited, MACHNOOR SQUARE BRANCH RAICHUR branch, in RAICHUR, KARNATAKA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.