Bihar Gramin Bank BARUN IFSC Code

The Bihar Gramin Bank branch in Barun is located in the Aurangabad district of Bihar. For anyone looking to send or receive money online to an account at this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code identifies the specific bank branch in India’s electronic fund transfer network. It ensures that your funds, whether sent via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), are routed correctly and securely to the intended recipient’s account.

Branch Details for Bihar Gramin Bank, Barun

Bank Name	Bihar Gramin Bank
Branch Name	BARUN
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7092
Branch Address	BARUN, Aurangabad, 824112, 9771464092
Contact Number	9771464092
City	Aurangabad
District	Aurangabad
Region	AURANGABAD
Pincode	824112
State	Bihar

Important Merger and IFSC Code Update

Bihar Gramin Bank was formed through the amalgamation of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, the bank now operates under the sponsorship of Punjab National Bank (PNB).

As a result of this consolidation, a single, unified IFSC code has been assigned for all branches of Bihar Gramin Bank, including the Barun branch. The correct and only valid IFSC code to use for any transaction is PUNB0MBGB06. All old IFSC codes previously associated with UBGB and DBGB have been discontinued and are no longer active. Using an old code will cause your transaction to fail. Always use the new, standardized code to ensure your funds are transferred without any issues.

What is an IFSC Code?

The IFSC code is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the NEFT system. The Reserve Bank of India (RBI) assigns these codes to streamline and automate the process of transferring funds. Let’s break down the structure of PUNB0MBGB06:

• PUNB: The first four alphabetic characters represent the bank’s name. In this case, it stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters represent the specific branch. After the merger, a common code was assigned to all branches for operational simplicity, which is a standard practice for many regional rural banks.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is straightforward. Whether you are using your bank’s mobile app or internet banking portal, the steps are generally the same.

1. Log in to your net banking or mobile banking application.
2. Navigate to the Fund Transfer section and choose your preferred method (NEFT, RTGS, or IMPS).
3. Add a Beneficiary or payee. You will need to enter the recipient’s details.
4. Enter the recipient’s Name, Bank Account Number, and the IFSC Code (PUNB0MBGB06) for the Bihar Gramin Bank, Barun branch.
5. Verify the details and confirm the addition of the new beneficiary.
6. Once the beneficiary is added, you can initiate the transfer by entering the amount and completing the authentication process.

Benefits of Using the Correct IFSC Code

• Accurate Routing: It ensures your money is sent to the exact bank and branch, eliminating the risk of it going to the wrong account.
• Faster Processing: Correct codes enable automated systems to process transactions quickly without manual intervention, reducing delays.
• Prevents Transaction Failures: Using an invalid or outdated IFSC code is a common reason for transaction rejections.
• Enhanced Security: The code is part of a secure system managed by the RBI to protect electronic fund transfers.

Contact Information

For any direct inquiries or assistance, you can contact the branch or the bank’s head office.

• Branch Contact Number: 9771464092
• Branch Address: BARUN, Aurangabad, Bihar – 824112
• Head Office Address: Bihar Gramin Bank, SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

1. Is PUNB0MBGB06 the IFSC code for all branches of Bihar Gramin Bank?

Yes. After the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank, this single IFSC code was implemented for all branches of the newly formed Bihar Gramin Bank to standardize transactions.

2. 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. The sponsor bank manages and oversees the operations of the regional rural bank, and its identifier is used in the IFSC code.

3. What will happen if I use an old IFSC code from before the merger?

If you use an old, discontinued IFSC code from the former Uttar or Dakshin Bihar Gramin Banks, your transaction will be rejected. The funds will be credited back to your account, but this may take some time. It is crucial to only use PUNB0MBGB06.

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

An IFSC code is used for online electronic 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 and clearing of cheques.

5. Where can I find the IFSC code on my bank documents?

The IFSC code for your branch is usually printed on the first page of your bank passbook and also on the cheque leaves issued by the bank.