The Bihar Gramin Bank branch at BUXAR GOLAMBAR is located in the city of Buxar, Bihar. To transfer money to an account at this branch, you need a specific code called the Indian Financial System Code (IFSC). This 11-character code acts like a unique address, ensuring that your funds sent through online methods like NEFT, RTGS, or IMPS are routed to the correct bank branch without any errors or delays.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | BUXAR GOLAMBAR |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | BUXAR GOLAMBAR, Buxar, 802101, 9771464433 |
| Contact Number | 9771464433 |
| City | Buxar |
| District | Buxar |
| Reason | BHABHUA |
| Pincode | 802101 |
| State | Bihar |
Merger and IFSC Code Update
Previously, Bihar had two regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). These two banks have since merged to form a single entity, now known as Bihar Gramin Bank. This merged bank is sponsored by Punjab National Bank (PNB).
As a result of this merger, all old IFSC codes belonging to the former DBGB and UBGB have been discontinued. It is crucial to note that only the new IFSC codes, which start with ‘PUNB’ (for the sponsor bank), are valid for transactions. For the BUXAR GOLAMBAR branch, the correct and only valid IFSC code to use is 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. The code has a specific structure that helps identify the bank and its branch.
Let’s break down the IFSC code PUNB0MBGB06:
- PUNB: The first four letters represent the name of the sponsor bank, which is Punjab National Bank.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters are the unique code for the specific branch, in this case, BUXAR GOLAMBAR.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code is a straightforward part of any online money transfer. Whether you use a mobile banking app or a web portal, the steps are generally the same for NEFT, RTGS, or IMPS.
- Log in to your internet banking account or mobile banking application.
- Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
- Choose the option to add a new beneficiary or payee.
- Enter the recipient’s details: their name, bank account number, and account type (savings or current).
- You will be prompted to enter the IFSC code. In this field, carefully type PUNB0MBGB06.
- The banking system will typically verify the code and automatically display the bank and branch name (Bihar Gramin Bank, BUXAR GOLAMBAR) for confirmation.
- Once the beneficiary is added, you can proceed to transfer the funds.
Why Knowing the Correct IFSC Code is Important
- Transaction Accuracy: It ensures your money is sent to the exact intended bank branch, preventing failed or misdirected payments.
- Enables Digital Payments: The IFSC code is a mandatory requirement for all major online fund transfer services in India.
- Faster Processing: It allows the banking system to automate the transfer process, making transactions quicker and more efficient.
- Error Prevention: It eliminates confusion, especially between branches with similar names or located in the same city.
Contact Information
For any direct inquiries, you can contact the branch or the head office.
Branch Contact
- Phone: 9771464433
- Address: BUXAR GOLAMBAR, Buxar, Bihar – 802101
Head Office
- Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
After the merger of regional rural banks in Bihar, the new Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). PNB manages the central payment systems for its sponsored banks, so the IFSC code begins with PNB’s identifier, ‘PUNB’.
Can I still use an old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. All IFSC codes associated with the former Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are now invalid. You must use the new codes starting with ‘PUNB’ for all transactions to avoid failure.
What happens if I enter the wrong IFSC code?
If the code is invalid, the transaction will be rejected, and the money will be credited back to your account, usually within a few hours to a business day. If the wrong code matches another valid branch, the funds could be misrouted, leading to delays and requiring you to follow up with the bank.
Is the IFSC code the same for every Bihar Gramin Bank branch?
No. While the first few characters might be the same, the last six characters are unique to each branch. The code PUNB0MBGB06 is exclusively for the BUXAR GOLAMBAR branch.
Do I need an IFSC code for a cash deposit?
No. The IFSC code is only necessary for electronic fund transfers from one bank account to another, such as NEFT, RTGS, and IMPS. You do not need it for depositing cash or a cheque at the branch.
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.