Bankhandi Mahadev temple is located in Gotam nagar in Vrindavan. Shrila Sanatan Goswami used to live in his kutir near Madan Mohan Mandir and daily used to go to Gopishwar Mahadev mandir to pay his homage to the Lord Shiva. During his old age, he was feeling great difficulty to go every day to Gopishwar Mahadev for prayers. Knowing of his difficulty, one night Lord Shiva in his incarnate of Gopishwar Mahadev came to his dream and told him not to visit Gopishwar Mahadev daily as, he (Lord Shiva) himself will come near to his kutir only for his pleasure. The next day Lord Shiva appeared near his Bhajan kutir in Bankhandi. Knowing this, Sanatana Goswami was filled with emotions and thanked Lord Shiva for his blessings. Due to his appearance in Bankhandi, lord Shiva here is known by the name Bankhandi Mahadev.