Bihar Gramin Bank ABGILA IFSC Code

This article will help you understand the important details about the Bihar Gramin Bank branch located in ABGILA, Gaya, Bihar. Knowing your bank’s IFSC code is crucial for modern banking. This unique code allows for smooth and secure online money transfers through systems like NEFT, RTGS, and IMPS, ensuring your funds reach the correct recipient quickly and without issues.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	ABGILA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7530
Branch Address	ABGILA, Gaya, 823003, 7541807530
Contact Number	7541807530
City	Gaya
District	Gaya
Reason	GAYA
Pincode	823003
State	Bihar

Merger Update

The Bihar Gramin Bank, where the ABGILA branch is located, was formed from the merger of two regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Madhya Bihar Gramin Bank (MBGB). This combined entity is sponsored by Punjab National Bank (PNB). Therefore, the IFSC codes for all its branches, including ABGILA, now begin with “PUNB”.

It is important to note that the old IFSC codes previously used by Dakshin Bihar Gramin Bank or Madhya Bihar Gramin Bank branches are no longer valid. For any transactions with the Bihar Gramin Bank ABGILA branch, you must use the current and official IFSC code: PUNB0MBGB06. Using an old or incorrect code will cause your transaction to fail.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in online money transfer systems like NEFT, RTGS, and IMPS. This code ensures that your money goes to the exact branch you intend.

The structure of the IFSC code is quite specific:

• The first four characters represent the bank name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In “PUNB0MBGB06”, “MBGB06” uniquely points to the ABGILA branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you are making online fund transfers. Here are the general steps:

1. Log In: Access your bank’s internet banking portal or mobile banking app.
2. Select Transfer Type: Choose the type of transfer you want to make – NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary: If you haven’t transferred money to this person or entity before, you’ll need to add them as a new beneficiary.
4. Enter Beneficiary Details: Provide the beneficiary’s name, their account number, and the correct IFSC code for their bank branch (in this case, PUNB0MBGB06 for Bihar Gramin Bank ABGILA). You might be asked to re-enter the account number for confirmation.
5. Enter Amount: Specify the amount you wish to transfer.
6. Review and Confirm: Carefully review all the details you’ve entered. Make sure the account number and IFSC code are absolutely correct.
7. Authorize Transaction: Complete the transfer using your transaction password or OTP (One Time Password).

Remember that NEFT and RTGS have specific operating hours, while IMPS is usually available 24/7. RTGS is typically used for larger value transactions.

Benefits of Knowing Your IFSC Code

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

• Enables Digital Transfers: It is essential for all online fund transfers like NEFT, RTGS, and IMPS, making banking more convenient.
• Ensures Accuracy: The unique branch identification helps prevent errors, ensuring your money reaches the right account at the correct branch.
• Speeds Up Transactions: Automated processing using the IFSC code makes fund transfers much faster than traditional methods.
• Reduces Manual Errors: By standardizing the branch identification, it minimizes human error in financial transactions.
• Secure Transactions: It adds a layer of security by uniquely validating the destination bank and branch.

Contact Information

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

• ABGILA Branch Phone Number: 7541807530
• ABGILA Branch Address: ABGILA, Gaya, 823003, 7541807530
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about the Bihar Gramin Bank ABGILA branch and its IFSC code:

Q1: What is the IFSC code for Bihar Gramin Bank ABGILA branch?
A1: The IFSC code for Bihar Gramin Bank, ABGILA branch is PUNB0MBGB06.

Q2: Is the old IFSC code for Bihar Gramin Bank ABGILA still valid?
A2: No, all old IFSC codes from the pre-merger banks (Dakshin Bihar Gramin Bank or Madhya Bihar Gramin Bank) are no longer valid. You must use PUNB0MBGB06 for all transactions.

Q3: What is the MICR code for this branch?
A3: The MICR (Magnetic Ink Character Recognition) code for Bihar Gramin Bank ABGILA branch is 800811002. This code is found on cheque leaves and is used for processing cheques.

Q4: Which bank sponsors Bihar Gramin Bank?
A4: Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). This is why its IFSC codes start with “PUNB”.

Q5: Can I use this IFSC code for NEFT, RTGS, and IMPS transfers?
A5: Yes, the IFSC code PUNB0MBGB06 is valid for all types of online fund transfers, including NEFT, RTGS, and IMPS, to the Bihar Gramin Bank ABGILA branch.

Q6: How many digits are in an IFSC code?
A6: An IFSC code is always 11 characters long, consisting of both letters and numbers.