Bihar Gramin Bank Gosaigaon IFSC Code

The Gosaigaon branch of Bihar Gramin Bank is located in the Bhagalpur district of Bihar. For any online money transfers to this branch, you need a specific code known as the IFSC. This code is essential for systems like NEFT, RTGS, and IMPS to identify the correct bank branch and ensure your funds are sent to the right destination safely and quickly.

Branch Details

Merger and IFSC Update

Bihar Gramin Bank was formed by the merger of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). The newly formed bank is sponsored by Punjab National Bank (PNB). Because of this sponsorship, all new IFSC codes for Bihar Gramin Bank branches start with ‘PUNB’.

It is very important to note that any old IFSC codes belonging to the former UBGB or DBGB are no longer valid. Using an old code will cause your transaction to fail. For all fund transfers to the Gosaigaon branch, you must use the new and correct IFSC code: PUNB0MBGB06.

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. It acts as a unique address for each branch.

Let’s break down the Gosaigaon branch IFSC, PUNB0MBGB06:

• First 4 characters (PUNB): This represents the bank code. In this case, it stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• Fifth character (0): This is always a zero. It is a control character reserved for future use.
• Last 6 characters (MBGB06): This part identifies the specific branch. For Gosaigaon, this unique identifier is MBGB06.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for online transactions like NEFT, RTGS, or IMPS is a straightforward process. You will need it when adding a new payee or beneficiary to your account.

Here are the typical steps:

1. Log in to your internet banking portal or mobile banking app.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select the option to ‘Add a new beneficiary’ or ‘Add payee’.
4. Enter the recipient’s details: their name, account number, and bank name.
5. You will be asked for the IFSC code of the recipient’s branch. Enter PUNB0MBGB06 for the Gosaigaon branch.
6. After the beneficiary is successfully added, you can initiate the transfer by selecting their name and entering the amount.

Benefits of Using the Correct IFSC

• Accurate Transfers: The primary benefit is ensuring your money reaches the intended bank branch without any errors or delays.
• Branch Identification: The code helps the system pinpoint the exact branch location, distinguishing it from thousands of others across the country.
• Transaction Security: It adds a layer of verification to the fund transfer process, reducing the risk of funds being misdirected.
• Automated Processing: The IFSC enables automated, straight-through processing of transactions, which makes transfers faster and more efficient.

Contact Information

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

• Branch Phone Number: 8102918737
• Branch Address: Gosaigaon, Bhagalpur, 853204, Bihar
• Head Office Address: Bihar Gramin Bank, SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 1800-180-7777

Frequently Asked Questions

Can I use my old Dakshin Bihar Gramin Bank IFSC code?

No. After the merger, all old IFSC codes from Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are invalid. You must use the new code, which starts with ‘PUNB’.

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

This is because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank. The first four letters of the IFSC code always represent the sponsor bank.

Is the IFSC code PUNB0MBGB06 the same for all Bihar Gramin Bank branches?

No. While the first five characters (PUNB0) might be common for many branches, the last six characters (MBGB06) are unique to the Gosaigaon branch. Every branch has its own specific IFSC code.

What happens if I enter the wrong IFSC code during a transfer?

If the IFSC code you entered does not exist, the transaction will likely be rejected immediately. If the code exists but belongs to a different branch, the transfer might be processed and then reversed once the beneficiary account number doesn’t match at that branch. The funds are typically returned to your account within 24-48 hours.

Where can I find the official IFSC code for my branch?

The most reliable sources are your bank-issued chequebook and passbook. You can also find it on the bank’s official website or by contacting the branch directly.

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.