Bihar Gramin Bank ANAND NAGAR IFSC Code

The Bihar Gramin Bank branch in ANAND NAGAR is located in the Bhojpur district of Bihar. For anyone looking to send or receive money through this branch, understanding the Indian Financial System Code (IFSC) is essential. This unique 11-character code is mandatory for all major online fund transfers in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code ensures that your money is routed correctly and reaches the intended bank branch without any errors.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	ANAND NAGAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	ANAND NAGAR, Bhojpur, 802301
Contact Number	7781004477
City	Bhojpur
District	Bhojpur
Region	ARA
Pincode	802301
State	Bihar

Merger and IFSC Code Update

It is important to note that Bihar Gramin Bank was formed by merging two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, the bank is now sponsored by Punjab National Bank (PNB). As a result, all old IFSC codes belonging to UBGB and DBGB have been discontinued and are no longer valid. For any transaction to the ANAND NAGAR branch, you must use the new, standardized IFSC code, PUNB0MBGB06. Using an old code will lead to a failed or rejected 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 network. This code helps identify the specific branch involved in a transaction, ensuring accuracy and security. The structure is consistent across all banks.

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

• PUNB: The first four letters represent the parent or sponsor bank. In this case, it stands for Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters uniquely identify the specific branch. For this branch, it 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. The steps are generally the same across all banking platforms.

1. Log into Your Banking Portal: Access your account through your bank’s official mobile app or internet banking website.
2. Navigate to Fund Transfer: Select the option for sending money, such as “Fund Transfer,” “Payments,” or a similar term. Choose the payment method (NEFT, RTGS, IMPS).
3. Add a Beneficiary: You will need to add the recipient’s details. This is where you enter the key information:
   • Beneficiary’s Name (as per their bank account)
   • Beneficiary’s Account Number
   • Bank Name (Bihar Gramin Bank)
   • IFSC Code (PUNB0MBGB06)
   • Branch Name (ANAND NAGAR)
4. Verify and Confirm: Double-check all the details, especially the account number and IFSC code, to prevent errors. Enter the amount you wish to transfer and confirm the transaction, usually with an OTP or transaction password.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The primary benefit is that it routes your payment to the exact bank branch, eliminating the risk of funds being sent to the wrong location.
• Speeds Up Transactions: Automated systems use the IFSC to process payments quickly and efficiently, reducing manual intervention and delays.
• Prevents Fraud: A valid IFSC code is a key part of the verification process, adding a layer of security to financial transactions.
• Enables Digital Banking: Without an IFSC code, essential services like NEFT, RTGS, and IMPS would not be possible.

Contact Information

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

• Branch Phone Number: 7781004477
• Branch Address: ANAND NAGAR, Bhojpur, Bihar – 802301
• Head Office Address: Bihar Gramin Bank, SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA – 800030, BIHAR
• Toll-Free Number: 1800-180-7777

Frequently Asked Questions

1. What happens if I use an old IFSC code from Dakshin Bihar Gramin Bank?
Your transaction will fail. The old IFSC codes for both Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank were deactivated after the merger. You must use the new IFSC code, PUNB0MBGB06, for the ANAND NAGAR branch.

2. Is the IFSC code the same for all branches of Bihar Gramin Bank?
No. While the first four letters (PUNB) are common because of the sponsor bank, the last six characters are unique to each specific branch. Always verify the correct IFSC code for the exact branch you are transacting with.

3. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
It starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The RBI assigns IFSC codes where the first four letters identify the sponsor or parent bank.

4. Where can I find the IFSC code on my Bihar Gramin Bank chequebook?
You can typically find the IFSC code printed on the top of a cheque leaf, usually near the branch address details. It is also mentioned in your bank passbook.

5. 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 a 9-digit code, is used primarily for processing physical cheques. The MICR code for this branch is 800811002.