Bihar Gramin Bank BALUGANJ IFSC Code

The Bihar Gramin Bank branch in BALUGANJ is located in Aurangabad, Bihar. For anyone looking to send or receive money through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code is mandatory for all online fund transfers in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code acts like a specific address, ensuring that your funds are routed directly to the correct bank branch without any errors or delays.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	BALUGANJ
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7088
Branch Address	BALUGANJ, Aurangabad, 824202
Contact Number	9771464088
City	Aurangabad
District	Aurangabad
Reason	AURANGABAD
Pincode	824202
State	Bihar

Merger and IFSC Update

Previously, Bihar had two separate regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since been amalgamated to form a single entity, Bihar Gramin Bank. This merger was sponsored by Punjab National Bank (PNB). As a result of this consolidation, the IFSC codes for all branches were updated. The old IFSC codes associated with DBGB and UBGB are now invalid and have been revoked. For all transactions with the BALUGANJ branch, you must use the new, standardized IFSC code: PUNB0MBGB06. Using an old code will result in a failed transaction.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer system. This code uniquely identifies each branch and is crucial for automating the transfer process.

Let’s break down the BALUGANJ branch IFSC code, PUNB0MBGB06:

• PUNB: The first four letters represent 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 identify the specific branch. In this case, it points to the Bihar Gramin Bank’s BALUGANJ branch.

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 for NEFT, RTGS, or IMPS.

1. Log in to your internet or mobile banking account.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select the transfer method (NEFT, RTGS, or IMPS).
4. Add a new beneficiary or payee. You will be prompted to enter their details.
5. Enter the beneficiary’s name, account number, and the bank name.
6. In the IFSC code field, carefully enter PUNB0MBGB06 for the BALUGANJ branch.
7. After verifying the details, confirm the transaction, usually with an OTP or transaction PIN.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The primary benefit is that it directs your money to the exact intended bank branch, eliminating routing errors.
• Prevents Failures: Using the correct and updated IFSC code prevents transaction rejections and delays.
• Faster Processing: The code allows for automated processing of transactions, which speeds up the entire fund transfer cycle.
• Branch Identification: It helps in clearly identifying a specific branch for other banking-related activities, not just fund transfers.

Contact Information

For any direct queries or assistance, you can reach out to the branch or the head office.

Branch Contact

• Phone Number: 9771464088
• Address: BALUGANJ, Aurangabad, Bihar – 824202

Head Office Contact

• Toll-Free Number: 18001807777
• Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar

Frequently Asked Questions (FAQs)

Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?

The code starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank after the amalgamation of regional rural banks.

What happens if I use an old Dakshin Bihar Gramin Bank (DBGB) IFSC code?

If you use an old, discontinued IFSC code from the pre-merger era, your transaction will be rejected. The funds will be reversed to your account, but it may cause delays. It is critical to use the new code, PUNB0MBGB06.

Is the IFSC code the same for all Bihar Gramin Bank branches?

No. While the first part of the code (‘PUNB0’) might be common across many branches, the last six characters are unique to each specific branch. Always verify the correct IFSC code for the exact branch you are dealing with.

What is the difference between an IFSC code and a MICR code?

An IFSC code is used for online fund transfers like NEFT and RTGS. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf, used for the physical processing of cheques.

Can I use this IFSC code for international money transfers?

No. The IFSC code is only for domestic transfers within India. For international wire transfers, you need a SWIFT code, which is a different type of bank identifier.