Bihar Gramin Bank GARAHANI IFSC Code

The GARAHANI branch of Bihar Gramin Bank is located in the Bhojpur district of Bihar. For anyone looking to send or receive money online through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code is required for all major electronic 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 securely to the intended bank branch, preventing errors and delays in your transactions.

Branch Details

Important Merger Update

Previously, Bihar had two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since been merged into a single entity, now known as Bihar Gramin Bank. This new entity is sponsored by Punjab National Bank (PNB). As a result of this merger, all old IFSC codes belonging to UBGB and DBGB have been revoked and are no longer valid. For all transactions, you must use the new IFSC codes that start with ‘PUNB’. Using an old or incorrect IFSC code will cause your transaction to fail.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is a unique alphanumeric code that identifies a specific bank branch within the NEFT network. Every code is 11 characters long and has a standardized structure that helps in routing electronic transactions. Let’s break down the IFSC code for the GARAHANI branch, PUNB0MBGB06:

• PUNB: The first four letters represent the name of the bank. In this case, ‘PUNB’ 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 by the Reserve Bank of India.
• MBGB06: The last six characters identify the specific branch. In this instance, ‘MBGB06’ points directly to the GARAHANI branch.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code to transfer money is a straightforward process. When you initiate a transfer using your bank’s mobile app or internet banking portal, you will be prompted to provide the following details about the person or entity you are paying (the beneficiary):

1. Beneficiary’s Full Name (as it appears on their bank account)
2. Beneficiary’s Bank Account Number
3. Beneficiary’s Bank Name
4. Beneficiary’s Branch Name
5. IFSC Code of the beneficiary’s branch (e.g., PUNB0MBGB06 for the GARAHANI branch)

After adding these details, you can proceed to enter the amount and authorize the transaction. Double-checking the IFSC code and account number is the most critical step to ensure the funds reach the right destination.

Benefits of Using the Correct IFSC Code

• Transaction Accuracy: The code ensures your money is sent to the exact bank and branch, eliminating guesswork and reducing the risk of errors.
• Faster Processing: Correct codes allow for automated, straight-through processing, which speeds up credit to the beneficiary’s account.
• Prevents Failed Transactions: Using an invalid or old IFSC code is a common reason for transaction failures. The correct code guarantees that the transfer request is processed successfully.
• Enhanced Security: The IFSC system adds a layer of verification, making electronic fund transfers more secure and reliable.

Contact Information

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

Branch Contact
Phone: 9771464451
Address: GARAHANI, Bhojpur, Bihar – 802203

Head Office
Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll-Free Number: 18001807777

Frequently Asked Questions

1. 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 following the merger. You must use the new code starting with ‘PUNB’ for the transaction to be successful.

2. Is the IFSC code PUNB0MBGB06 the same for every Bihar Gramin Bank branch?

No. While all new Bihar Gramin Bank IFSC codes start with ‘PUNB0’, the last six characters are unique to each branch. The code PUNB0MBGB06 is specifically for the GARAHANI branch.

3. Is an IFSC code required for international money transfers?

No, IFSC codes are used only for domestic transfers within India. For international transfers, you need a SWIFT code, which serves a similar purpose on a global scale.

4. How is an IFSC code different from a MICR code?

An IFSC code is used for online 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 faster processing of cheques.

5. Where can I verify the IFSC code of a bank branch?

You can find the correct IFSC code on a bank-issued chequebook, passbook, or by visiting the official website of the bank. It is always best to verify it from an official source before making a transaction.

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.