The Bangawan branch of Bihar Gramin Bank is located in the Araria district of Bihar. For anyone looking to send or receive money through this branch, understanding the Indian Financial System Code (IFSC) is essential. This unique 11-character code acts like a specific address for the bank branch, ensuring that online fund transfers through services like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) reach the correct account without any errors.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Bangawan |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | Bangawan, ARARIA, 854312, 9297954388 |
| Contact Number | 9297954388 |
| City | ARARIA |
| District | ARARIA |
| Pincode | 854312 |
| State | Bihar |
Merger and IFSC Update
Bihar Gramin Bank was formed by merging two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidated entity is now sponsored by Punjab National Bank (PNB). As a result of this merger, all old IFSC codes, particularly those belonging to the former Uttar Bihar Gramin Bank, have been discontinued. It is crucial to use the new, updated IFSC code for all transactions. For the Bangawan branch, the only valid IFSC code is PUNB0MBGB06. Using an old or invalid code will lead to transaction failure.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer network. This code helps identify the specific branch involved in an online transaction, ensuring the money is routed correctly.
The structure of the IFSC code PUNB0MBGB06 can be broken down as follows:
- PUNB: The first four letters represent the name of the sponsor bank, which is Punjab National Bank.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters represent the unique code for the specific branch, in this case, the Bangawan branch of Bihar Gramin Bank.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for an online money transfer is a straightforward process. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.
- Log in to your internet or mobile banking account.
- Navigate to the ‘Fund Transfer’ section and select the payment method (NEFT, RTGS, or IMPS).
- Add a new beneficiary or payee. You will be prompted to enter their details.
- Enter the beneficiary’s name, bank account number, and the account type (savings or current).
- In the IFSC field, carefully enter PUNB0MBGB06.
- Verify all the details and confirm the transaction.
Benefits of Using the Correct IFSC Code
- Accuracy: It ensures that your money is sent to the exact bank branch and account you intend, eliminating errors.
- Speed: A correct IFSC code facilitates faster processing of NEFT, RTGS, and IMPS transactions.
- Security: It adds a layer of verification, reducing the risk of funds being misdirected.
- Prevents Failures: Using the right code prevents transaction rejections and delays caused by incorrect branch identification.
Contact Information
For any questions or direct assistance, you can contact the branch or the head office.
- Branch Contact Number: 9297954388
- Branch Address: Bangawan, ARARIA, Bihar – 854312
- Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
- Toll-Free Number: 18001807777
Frequently Asked Questions
1. What is the new IFSC code for Bihar Gramin Bank, Bangawan branch?
The correct and updated IFSC code for the Bangawan branch is PUNB0MBGB06. Make sure to use this for all future transactions.
2. Why does the IFSC code for Bihar Gramin Bank start with ‘PUNB’?
The first four letters of the IFSC code represent the sponsor bank. Since Bihar Gramin Bank is sponsored by Punjab National Bank (PNB), its IFSC codes start with ‘PUNB’.
3. Can I still use my old Uttar Bihar Gramin Bank (UBGB) IFSC code?
No. After the merger of UBGB and DBGB into Bihar Gramin Bank, all old IFSC codes have been revoked. Using an old code will result in a failed transaction.
4. What is the difference between an IFSC code and a MICR code?
An IFSC code (Indian Financial System Code) is used for online fund transfers like NEFT and RTGS. A MICR code (Magnetic Ink Character Recognition) is a 9-digit code found on cheques that is used for faster processing of physical cheques.
5. What should I do if my online fund transfer to the Bangawan branch fails?
First, double-check that you have entered the correct account number and the IFSC code PUNB0MBGB06. If the details are correct and the transaction still fails, contact your bank’s customer service for assistance.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.