Yes, the bandhgala is considered formal attire, suitable for various special occasions such as weddings, receptions, formal dinners, and cultural events. Its structured silhouette and sophisticated design make it an ideal choice for those seeking a refined and elegant look. Designers like Yajy by Aditya Jain and Soniya G Men offer bandhgalas with intricate embroidery and classic styling, perfect for formal gatherings.