Eclectus, CAG, BH Pionus, Maximilian’s Pionus, Quakers, Indian Ringnecks, Green Cheeked Conures, Black Capped Conures, Cockatiels, Lovebirds, Budgies, Canaries, Diamond Doves, Zebra Finches, Society F
The current band position is clearly not preferred. It will damage the feathers of the upper leg and may work against the lower leg. With some Parrots it will cause a rub mark, others it will result in a cut and with some, no issue at all.
Your Parrot is ready for a nail clipping, so it would be a good time to visit you Vet for a combination of either removing or shifting the band, and a nail clipping.
As stated above, you may get lucky and it will fall back into place!
Just my 2 cents... get that band removed. I've had 2 birds actually hurt because of those bands. Long story, not worth details but trust me.. get it taken off. Takes just a few minutes and one less potential hazard for your youngins.