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Bandhan Bank IFSC Code and MICR Code:

Bandhan Bank state wise list of all branches, IFSC code, MICR code and Addresses within India

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Bandhan Bank IFSC Code

About Bandhan Bank

Bandhan bank comes with a popular tagline as "Aapka Bhala, Sabki Bhalai" in the open market. This bank is termed as the Scheduled Commercial Banking Company with better Banking activities and financial services. It was founded on 23 August 2015. Its headquarters is located at Kolkata, in the state of West Bengal, in India. Its area served is throughout India. Its popular products are Agri Loans, Retail Loans, Micro Loans and MSME Loans. It is to be noted that in 2001, it was started as a micro-finance company. On the other hand, in 2014, it received banking licence by Reserve Bank of India. It is a new generation bank that largely meets the present scenario banking and financial products and its related activities. It has been slow and steadily progress in the open market with its existing esteemed customers and its potential customers. It is in the process of exploring the given open market with a lot of perfection.

 

In the parent company of Bandhan Bank, the major investors are:

• Small Industries Development Bank of India (SIDBI)
• Bandhan Employees Welfare Trust
• North Eastern Financial Inclusion Trust
• Financial Inclusion Trust
• Singapore Sovereign Wealth Fund GIC
• International Finance Corporation (IFC)


About IFSC Code

Indian Financial System Code (IFSC) is an alphanumeric code which specifically identifies a Bank Branch participating in the two main Electronic Funds settlement system in India like Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). IFSC code is utilized by the NEFT & RTGS to route the messages to the destination branches. IFSC code comprises of 11 characters that identifies bank branches participating in online fund transfers.


IFSC Code of Bandhan Bank

IFSC code plays an indispensable role in the field of net banking. It permits you to transfer any sum of money to any individual across the country electronically. Money may be transfer through RTGS and NEFT methods by using an IFSC code of particular branch. It is 11 character codes such as ‎BDBL0****** in which last five digits are unique for every Bandhan Bank branch in India. You have to enter IFSC code before adding a beneficiary to your account.


How to Search IFSC Code of Bandhan Bank

It assists you to find out information about Bandhan Bank Branches in India. You may exploit the search box or state wise list of Bandhan Bank branches to find your branch. Enter branch name, district, city, state to find Bandhan Bank IFSC codes, branch address, location etc.


About MICR Code

MICR stands for Magnetic Ink Character Recognition. It contains numeric values and usually printed on cheque leaves. It is mainly used for processing cheques easily.


How to Search MICR Code of Bandhan Bank

Bandhan Bank MICR code is given in table alongside. Along this information, details such as address as well as contact numbers are also offered. You may narrow down search either by choosing any particular state from the drop down list or by choosing the state from Bandhan Bank MICR codes list given on the right side. One may find MICR Codes of Bandhan Bank branches here.


Other Popular Banks IFSC Code

Bandhan Bank IFSC Code News:

700th branch of Bandhan Bank inaugurated


 

In August 2015, Bandhan Bank began commercial functioning opening 501 branches, now it has started its 700th branch in the town broadening its bank network in the nation. C S Ghosh who is MD & CEO of the bank stated, In total 8 branches were started today, 7 in West Bengal and 1 in U.P, making the aggregate number to 700 branches all over the country. 700th branch situated on Ballygunge Circular rd. is a great achievement. This branch has an extraordinary bay to take into account the affluent customer segment. He further said this branch was started by Prosenjit Chatterjee, a known actor-producer.

Bandhan Bank now works over approximately in 29 states & Union Territories with help of 3,082 touch places comprising of 700 bank offices, 2,142 service at doorstep centers & 240 ATMs serving 8.9 million clients. From the time of this bank launch, it has assembled deposits amounting approximately Rs 15,000 crore whereas the banks outstanding loan register amount to Rs.16,000 crore. Total number of employees serving the bank is 21,200.

Micro Banking & General Banking are the two departments of the Kolkata situated head office bank. The bank provides different options of retail financing arrangements which also include different types of saving & loan services and products. On 23 August,2015,  Bandhan Bank initiated its working with 501 bank branches, DSCs around 2,022 in number & ATMs approximately 50 in number over 24 states of India.

2016/08/13 08:46 PM

Bandhan Bank to now have a pan India presence


With an aim to build a pan India brand the Bandhan bank plans to open new branches by March of next year. The director and CEO of the Bandhan bank Mr Chandra shekhar ghosh said that as a strategy they are working to make the brand a pan India presence. By March 2017 Bandhan bank would have 850 branches and currently they have 670 branches. He also hinted that the branches would mostly be opened outside West Bengal. The new branches would act as a deposit pocket for the country.While talking to the reporters who attended the Business IT conclave that was organized by the Bengal chambers of commerce and industry the bank MD and CEO said 180 new branches will be opened by 2017 March and all the world will be done at the ground level.

Bandhan bank is a company headquartered at kolkata WB. It started as a micro finance company in 2001 and went ahead to receive banking license from the RBI in 2014.It started with 501 branches across India. The public shareholders of the bandhan bank are International Finance Corporation,the Small Industries Development bank of India (SIDBI), Caladium private limited and a few individuals along with the bandhan employer welfare trust. The bandhan bank started with a capital of 2570 Cr which is more than the minimum RBI requirement of 500 Cr.

2016/06/20 10:37 AM

Bandhan Bank eyes 30% growth


Bandhan Bank which is based at Kolkata, in the state of West Bengal is just seven-month-old in the open market. In a successful manner, this bank already commands largely a business of Rs 27,000 crore with a lot of perfection. It is to be highly noted that this bank is targeting actually a 30 percent growth in this fiscal year. This details along with other information was mentioned to the print and electronic media by the banks managing director and chief executive Chandra Shekhar Ghosh. It is to be remembered that in August last year, Bandhan Bank started its banking operation with the direct focus has been on the side of liabilities to a great extent.

Bandhan Bank has garnered just over Rs 11,000 crore in deposits till date in the open market. In the said figure, approximately 21 percent actually comprises low cost current and savings account deposits. On the other hand, most of the term deposits of this particular bank are of one to three year tenure. Chandra Shekhar Ghosh mentioned that this bank had received better responses till date from the depositors plus nearly 33 percent of the actual funds had directly come from retail depositors in the open market.

2016/05/07 05:50 AM

Bandhan Bank - 21 new branches to be launched


In an official statement, Chandrasekhar Ghosh, MD and CEO of Bandhan Bank stated that Chief Minister Mamata Banerjee on 26 February, 2016 on Friday will largely inaugurate 21 branches of Bandhan Bank. The CM is invited to the programme and accepted invitation to largely grace the occasion. On Milan Mela ground, at 5.30 p.m, the event will be held with a lot of perfection. It is to be highly noted that through remote control by CM, all the new and modern branches would be inaugurated in the open market. In rural areas, to expand banking facilities, this particular bank has given in its effort to the biggest fillip in order to the states drive to a great extent.


This bank largely indulges in significant activities such as renewable energy, employment generation, market linkage, enterprise development, livelihood promotion, in areas of health, education and others areas. The particular bank is engaged actively in microfinance. In 27 states, the bank has largely developed a significant network of 612 branches among that 240 are situated within the state.

2016/03/07 07:09 AM

Bandhan Bank for NRI business launches Visa debit card


Recently, Bandhan Bank in association with Visa officially announced the grand launch of an international debit card in the open market. On the other hand, this particular bank has also begun banking services for overseas Indians. It is to be remembered that with its core philosophy of serving in a successful manner all strata of the population, this particular bank at present ready to serve the affluent and vibrant Indian diaspora in sync. This information was relieved by its managing director and chief executive Chandra Shekhar Ghosh in a press meet.


It is to be highly noted that the bank proudly offered only RuPay card to its esteemed existing depositors for the first five months or so in the open market. Bandhan officially announced that the new debit card allow card holders to withdraw cash at 2 million ATMs worldwide plus will be widely accepted globally at more than 30 million Visa merchants, either in-store or online.


On the other hand, the card will have two variants that are Visa Platinum and Visa Classic. The Visa Platinum Debit Card holders will have the right to cash withdrawal of Rs 1, 00,000 daily. With cash withdrawal limit of Rs. 40,000, Visa Classic Debit card holders will enjoy daily. The point of sale transaction limits for these particular two variants will be at Rs 4, 00,000 and Rs 1, 00,000 respectively. The affluent and vibrant Indian diaspora will be largely benefited by this particular facilities offered by this bank in the open market.

2016/02/22 03:19 AM

In Maharashtra, Bandhan Bank gets huge response


Bandhan bank proud that it has achieved the position of being second highest deposit mobilisation in a successful manner after West Bengal state followed by Bihar and Assam though only nearly 50 of 612 branches are within the state. Within five months of its full-fledged operations, this particular bank has achieved this unheard of feat of largely having a credit-deposit ratio of more than 175% across India in direct contrast against the CD ratio for the banking sector. On the other hand as a whole that is at present at four-year low of 74.85%. It is to be noted that in terms of deposit mobilisation after West Bengal, it is Maharashtra that actually ranks second in the open market.


Bandhan Banks founder, managing director and chief executive officer, Chandra Shekhar Ghosh mentioned that this bank has achieved a credit-deposit ratio of more than 175% that is actually unprecedented by a proportionately high credit level of Rs 12,500 crore and with a deposit base of Rs 7,000 crore. It is to be remembered that CD ratio which is the key banking sector ratio that measures how much of deposits have been largely used in order to give out loans, which is a banks core business activity in the open market. On the other hand, a low CD ratio perfectly indicates inefficient fund allocation and idle cash, as really been the particular case for the banking industry at present, a high ratio states stress on capital to a great extent that is the need of the hour.

2016/02/14 08:43 PM

Bandhan Bank to focus on small business, home and vehicle financing


Bandhan Bank which is a Kolkata-based is largely on course to successfully introducing new products in the open market. In the retail lending segment, it plans to scale up its market presence. It is to be remembered that from next fiscal onwards, the offerings are expected to be introduced in a successful manner for its esteemed existing and potential customers. In a press statement while attending a summit organised by the Bengal Chamber of Commerce and Industry, its Founder, MD and CEO of Bandhan Bank, Chandra Shekhar Ghosh, mentioned that its teams are being perfectly readied for this particular segment with a lot of perfection. It plans for offerings targeting small and medium enterprises (MSMEs), micro, “smaller value” home loans or housing reconstruction, loans against property and vehicle financing.


The team is filled with members who have vast experience banking background and microfinance expertise. On the other hand, fresh recruits are also made for those who hold over the local language of the given region. The team will comprise of members across verticals in order to rightly deal with any given situations, circumstances and conditions in the open market to a great extent. The bank will come up with retail loan portfolio that is suitable for common sectors as per its needs and requirements across regions and states on a pilot-basis in the first phase. It is to be highly noted that this bank has more than 750,000 customers across 27 states and over 612 branches in India. It has made its presence felt in the market within a short span of time.

2016/02/08 01:53 AM

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