The Niyazipur branch of Bihar Gramin Bank is located in the Buxar district of Bihar. For anyone looking to send or receive money online through this branch, understanding its unique codes is essential. The Indian Financial System Code (IFSC) is a critical piece of information that directs digital transactions to the correct bank branch. It acts like a specific address for your money, ensuring that transfers made via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) are processed smoothly and accurately.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | NIYAZIPUR |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | NIYAZIPUR, Buxar, 802131, Bihar |
| Contact Number | 9771464064 |
| City | Buxar |
| District | Buxar |
| Region | BHABHUA |
| Pincode | 802131 |
| State | Bihar |
Important Merger Update
Previously, banking services in the region were provided by two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form a single, unified bank 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As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB branches have been revoked and are no longer valid. All branches of the newly formed Bihar Gramin Bank now use a new series of IFSC codes that start with ‘PUNB’, reflecting their sponsorship by PNB. For any online transaction, you must use the new and correct IFSC code, such as PUNB0MBGB06 for the Niyazipur branch.
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 identify every bank branch participating in the country’s electronic funds transfer system. The code has a specific structure that helps route transactions correctly.
Let’s break down the IFSC code PUNB0MBGB06:
- PUNB: The first four characters represent the name of the bank. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor 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 the Niyazipur 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 a mobile banking app or an internet banking portal, the steps are generally the same for NEFT, RTGS, and IMPS.
1. Log in to your net banking or mobile banking application.
2. Navigate to the ‘Fund Transfer’ section and choose your preferred method (NEFT, RTGS, or IMPS).
3. Add a new beneficiary or select an existing one. You will need to provide the following details for the person or entity you are paying:
- Beneficiary’s Full Name (as per their bank account)
- Beneficiary’s Bank Account Number
- Beneficiary’s Bank Name (Bihar Gramin Bank)
- Branch Name (Niyazipur)
- IFSC Code: PUNB0MBGB06
4. 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
- Accuracy: It ensures that your money is sent to the exact bank branch intended, eliminating routing errors.
- Speed: A correct IFSC code helps in the faster processing of transactions, whether it’s an immediate IMPS transfer or a scheduled NEFT payment.
- Security: It adds a layer of verification to the transaction, reducing the risk of funds being credited to an incorrect account.
- Prevents Rejection: Using an invalid or old IFSC code will cause the transaction to fail. Having the right code ensures your payment goes through successfully on the first attempt.
Contact Information
For any direct inquiries or assistance, you can reach out to the branch or the head office.
- Branch Contact: 9771464064
- Branch Address: NIYAZIPUR, Buxar, 802131, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
1. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. After the merger, all old IFSC codes for both Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are invalid. You must use the new IFSC code starting with ‘PUNB’ for all transactions to be successful.
2. Why does the IFSC code for Bihar Gramin Bank start with ‘PUNB’?
The code starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). PNB oversees the technological and operational integration of the bank, including its participation in the national payment systems.
3. What happens if I enter the wrong IFSC code?
If you enter an incorrect IFSC code, the transaction will most likely fail, and the funds will be returned to your account within a few hours or days. In rare cases, if the wrong code corresponds to another existing branch, the funds might be misdirected, leading to a lengthy process to recover the money.
4. Is the IFSC code the same for all branches of Bihar Gramin Bank?
No. While the first four characters (‘PUNB’) are the same for all branches, the last six characters are unique to each specific branch. For example, the code for the Niyazipur branch is PUNB0MBGB06, but another branch will have a different six-character identifier.
5. What is the difference between NEFT, RTGS, and IMPS?
NEFT (National Electronic Funds Transfer) processes transactions in hourly batches. RTGS (Real-Time Gross Settlement) is for high-value transactions (typically above ₹2 lakh) and settles payments individually and in real-time. IMPS (Immediate Payment Service) is a 24/7 service that transfers funds instantly.
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.