Bihar Gramin Bank Damodarpur IFSC Code

When you need to send or receive money electronically to or from Bihar Gramin Bank’s Damodarpur branch in East Champaran, Bihar, an Indian Financial System Code (IFSC) is essential. This unique code acts like a digital address, making sure your funds go to the correct bank and specific branch. It is a vital piece of information required for all modern digital money transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, these transactions cannot be processed safely and efficiently.

Branch Details

Here are the key details for the Bihar Gramin Bank branch in Damodarpur:

Bank Name	Bihar Gramin Bank
Branch Name	Damodarpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100281
Branch Address	Damodarpur, EAST CHAMPARAN, 845416
Contact Number	9297954624
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845416
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This unified bank now operates under the sponsorship of Punjab National Bank. As a result of this merger, all branches of the new Bihar Gramin Bank, including the Damodarpur branch, now use a single, unified IFSC code: PUNB0MBGB06.

It is crucial to understand that any old IFSC codes previously used for branches under Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. For any electronic fund transfers to or from any Bihar Gramin Bank branch, only the new IFSC code, PUNB0MBGB06, is valid. Using any old code will lead to transaction failure.

What is an IFSC Code?

An IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in electronic funds transfer systems. It’s a standard format set by the Reserve Bank of India (RBI) to ensure smooth and accurate transactions.

The structure of the IFSC code is as follows:

• The first four characters represent the bank name. For Bihar Gramin Bank, this is PUNB (indicating its sponsor bank, Punjab National Bank).
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In the case of Bihar Gramin Bank, all its branches use the common code MBGB06 as part of their unified IFSC due to the merger.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re making an electronic fund transfer. Here’s a general guide:

1. Gather Beneficiary Details: Before starting any transfer, make sure you have the recipient’s full name, bank account number, and the correct IFSC code for their bank branch. For any Bihar Gramin Bank account, this will be PUNB0MBGB06.
2. Log In: Access your net banking portal or mobile banking application.
3. Choose Transfer Type: Select the type of transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): This system processes transfers in batches, typically within a few hours.
   • RTGS (Real Time Gross Settlement): Designed for large-value transfers, this system processes transactions individually and in real-time.
   • IMPS (Immediate Payment Service): This allows for instant, 24/7 transfers, even on holidays.
4. Add Beneficiary (If New): If you haven’t transferred money to this person before, you’ll need to add them as a new beneficiary. You will be prompted to enter their account number, name, and the IFSC code.
5. Enter Transfer Details: Once the beneficiary is added or selected, enter the amount you wish to send.
6. Confirm and Transact: Review all the details carefully, then confirm the transaction. You might need to enter an OTP (One-Time Password) or transaction PIN to authorize the transfer.

The IFSC code ensures that your money is routed precisely to the intended bank and branch, preventing errors and delays in the transfer process.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code provides several important benefits:

• It ensures that electronic fund transfers (NEFT, RTGS, IMPS) reach the correct bank branch without any errors.
• It enables quick and secure money transfers across different banks within India.
• It simplifies the process of sending money by standardizing bank branch identification.
• It helps in processing payments for utilities, loan installments, and other financial obligations efficiently.
• It is a mandatory requirement for initiating any electronic money transfer, making it a crucial piece of banking information.

Contact Information

For any queries related to Bihar Gramin Bank or its Damodarpur branch, you can use the following contact details:

• Damodarpur Branch Phone Number: 9297954624
• Damodarpur Branch Address: Damodarpur, EAST CHAMPARAN, 845416
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

What is an IFSC code?
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify individual bank branches involved in electronic money transfers in India. It ensures that money reaches the correct branch when sent via NEFT, RTGS, or IMPS.

Is the IFSC code the same for all Bihar Gramin Bank branches?
Yes, following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank, all branches of the new Bihar Gramin Bank now use a single, unified IFSC code: PUNB0MBGB06. This applies to the Damodarpur branch as well.

Where can I find the IFSC code for Bihar Gramin Bank Damodarpur branch?
The IFSC code for the Bihar Gramin Bank Damodarpur branch, and indeed for all branches of Bihar Gramin Bank, is PUNB0MBGB06. You can also find this code on your bank passbook, cheque leaves, or by visiting the bank’s official website.

Can I still use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?
No, all old IFSC codes belonging to Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked after the merger. For any electronic transactions with Bihar Gramin Bank, you must use the new, unified IFSC code: PUNB0MBGB06. Transactions with old codes will fail.

What types of transactions require an IFSC code?
An IFSC code is required for all major electronic fund transfer methods in India, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It is not typically required for cash deposits or withdrawals at a branch.