Bihar Gramin Bank PAWAI IFSC Code

The PAWAI branch of Bihar Gramin Bank is located in the Aurangabad district of Bihar. For anyone needing 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) are routed correctly and securely to the intended recipient’s account.

Branch Details

Important Merger Update

Bihar Gramin Bank was formed by the merger of two former regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). Following this amalgamation, the bank is now sponsored by Punjab National Bank (PNB). As a result, all old IFSC codes belonging to DBGB and UBGB have been revoked and are no longer valid. For any online transaction, you must use the new IFSC code, which starts with ‘PUNB’ to reflect the sponsorship by Punjab National Bank. Using an old code will cause your transaction to fail.

What is an IFSC Code?

The IFSC code is a unique identifier assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer network. This code ensures that money is sent to the correct branch, preventing errors. The 11-character code has a specific structure:

• First 4 Characters: These represent the name of the bank. For Bihar Gramin Bank, this 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 PAWAI branch, this is MBGB06.

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 NEFT, RTGS, or IMPS, you will need the following details from the person you are paying (the beneficiary):

1. Beneficiary’s Full Name (as it appears in their bank account).
2. Beneficiary’s Bank Account Number.
3. Name of the Beneficiary’s Bank (e.g., Bihar Gramin Bank).
4. IFSC Code of the Beneficiary’s Bank Branch (e.g., PUNB0MBGB06 for PAWAI).

When you initiate a transfer through your mobile banking app or internet banking portal, you will be prompted to add the beneficiary by entering these details. Once the beneficiary is added, you can select them and transfer the desired amount. The system uses the IFSC code to direct the funds to the correct branch automatically.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: It directs your money to the exact bank branch, eliminating the risk of it going to the wrong location.
• Prevents Delays: A correct code allows for automated, seamless processing, which avoids transaction failures or unnecessary delays.
• Enables Fast Processing: Services like IMPS rely on the IFSC code to credit funds to the beneficiary’s account almost instantly.
• Increases Security: It adds a layer of verification to the fund transfer process, making transactions more secure.

Contact Information

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

• Branch Phone Number: 9771464120
• Branch Address: PAWAI, Aurangabad, Bihar – 824202
• Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
• Toll-Free Number: 1800-180-7777

Frequently Asked Questions

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

The first four letters represent the sponsor bank. Since Bihar Gramin Bank is sponsored by Punjab National Bank (PNB), its IFSC codes start with ‘PUNB’.

What happens if I use an old IFSC code from Dakshin or Uttar Bihar Gramin Bank?

Your transaction will be rejected. The old codes are no longer in service after the merger. You must use the new ‘PUNB’ series IFSC code for all transactions to be successful.

Can I find the IFSC code on my Bihar Gramin Bank chequebook?

Yes, the IFSC code for your branch is typically printed on the top of every cheque leaf, often near the branch address.

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

No. While all IFSC codes for Bihar Gramin Bank will start with ‘PUNB0’, the last six characters are unique to each specific branch. You must use the code designated for the branch where the account is held.

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

An IFSC code is used for online fund transfers like NEFT, RTGS, and IMPS. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code used primarily for processing physical cheques more efficiently.

Kriti Kumari

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.