Bihar Gramin Bank DAUDNAGAR IFSC Code

The Daudnagar branch of Bihar Gramin Bank is located in the Aurangabad district of Bihar. If you need to send or receive money through this branch electronically, you’ll need its Indian Financial System Code (IFSC). This 11-character code is essential for online fund transfers, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code acts as a unique address for each bank branch, ensuring your money reaches the correct account without delays or errors.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	DAUDNAGAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	DAUDNAGAR, Aurangabad, 824113, Bihar
Contact Number	9771464098
City	Aurangabad
District	Aurangabad
State	Bihar

Important Merger Update

Previously, Bihar was served by two separate regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have merged to form a single entity, now known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).

As a result of this merger, all old IFSC codes for both UBGB and DBGB branches are no longer valid. All branches of the newly formed Bihar Gramin Bank, including the Daudnagar branch, now use a unified IFSC code structure starting with ‘PUNB’. It is crucial to use only the new IFSC code, PUNB0MBGB06, for all transactions to avoid failure or rejection.

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 ensure the accuracy of electronic fund transfers. The structure is always the same:

• First 4 Characters: These represent the name of the bank. For Bihar Gramin Bank, it is PUNB, which stands for its sponsor, Punjab National Bank.
• Fifth Character: This is always a zero (0). It is reserved for future use.
• Last 6 Characters: This part identifies the specific branch. For the Daudnagar branch, it is MBGB06.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code is a standard step when adding a beneficiary for an online money transfer. Whether you are using a mobile banking app or an internet banking portal, the process is similar.

1. Log in to your internet or mobile banking account.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section and select the transfer type (NEFT, RTGS, or IMPS).
3. Choose the option to ‘Add a new beneficiary’ or ‘Add payee’.
4. You will be asked to enter the beneficiary’s details: their name, account number, and the bank branch’s IFSC code.
5. Enter PUNB0MBGB06 in the IFSC code field for the Daudnagar branch.
6. Once the beneficiary is added, you can initiate the fund transfer by entering the amount and confirming the transaction.

Benefits of Using the Correct IFSC Code

• Accuracy: It eliminates the risk of sending money to the wrong branch or account.
• Speed: Correct codes enable automated processing, which makes transactions faster.
• Security: It serves as a verification layer, ensuring the transaction is routed through the proper channels.
• Reduced Errors: Using the right IFSC code prevents transaction failures, saving you time and potential follow-up effort.

Contact Information

For direct assistance, you can reach out to the branch or the bank’s head office.

• Branch Contact Number: 9771464098
• Branch Address: DAUDNAGAR, Aurangabad, 824113, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. What is the correct IFSC code for the Bihar Gramin Bank Daudnagar branch?

The correct IFSC code is PUNB0MBGB06. Make sure to use this code for all online 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 Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank, the code starts with ‘PUNB’.

3. Can I still use an old IFSC code from Dakshin Bihar Gramin Bank?

No. After the merger of Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank, all old IFSC codes were deactivated. You must use the new codes provided under the sponsor bank, PNB.

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

The IFSC code is used for online fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code, which is 800811002 for this branch, is a 9-digit code used primarily for processing cheques more quickly.

5. What could happen if I enter the wrong IFSC code?

If the incorrect IFSC code does not exist, the transaction will likely be rejected immediately. If it corresponds to another branch, the funds could be delayed or, in rare cases, credited to an unintended account if the account number also matches at that other branch. It’s always best to double-check the code before confirming a transfer.