The name appears in the map of the Shire, but the letter o n the 1954 edition was not very clear; thus the name has been rendere Bindbale in many later maps (e.g. by Barbara Strachey and Karen Wynn Fonstad), and elsewhere, like in Robert Foster's Complete Guide to Middle-earth (s.v. Bindbale).
Even Tolkien himself referred to Bindbale in a manuscript note when he was preparing his comments on names for the Dutch translator. of his work.
Sources: C. Scull - W.G. Hammond, The Lord of the Rings: A Reader's Companion, p. lvii.