Bihar Gramin Bank BATHANI IFSC Code

The Bihar Gramin Bank branch in BATHANI, located in Gaya, Bihar, plays a crucial role in the local financial landscape. For anyone looking to transfer money electronically, understanding and using the Indian Financial System Code (IFSC) for this specific branch is essential. This unique code ensures that funds sent through systems like NEFT, RTGS, or IMPS reach the correct recipient bank and branch quickly and securely. Without the correct IFSC, electronic fund transfers cannot be processed.

Branch Details

Here are the key details for the Bihar Gramin Bank, BATHANI branch:

Bank Name	Bihar Gramin Bank
Branch Name	BATHANI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7217
Branch Address	BATHANI, Gaya, 824222
Contact Number	9771464217
City	Gaya
District	Gaya
Reason	GAYA
Pincode	824222
State	Bihar

Merger Update for Bihar Gramin Bank

It’s important to note the history of Bihar Gramin Bank for clarity on its IFSC codes. This bank was formed from the merger of two other regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). After the merger, all branches now operate under the unified identity of Bihar Gramin Bank. The bank is sponsored by Punjab National Bank (PNB), which is why its IFSC codes begin with “PUNB”.

For branches that previously belonged to UBGB or DBGB, their old IFSC codes have been revoked and are no longer valid for any banking transactions. All customers must now use the new, standardized IFSC codes issued under Bihar Gramin Bank, such as PUNB0MBGB06 for the BATHANI branch. Always ensure you are using the current code to avoid transaction failures.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It’s used to identify all bank branches that participate in India’s electronic funds transfer system. Think of it as a unique address for each branch. This code is crucial for ensuring that money transferred electronically goes to the right place.

The 11 characters of an IFSC code are structured in a specific way:

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank, which is the sponsor 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. For the BATHANI branch, these are “MBGB06”.

So, for the BATHANI branch, the IFSC PUNB0MBGB06 clearly breaks down to: PUNB (Punjab National Bank) + 0 (Future Use) + MBGB06 (BATHANI branch).

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re making electronic fund transfers. Here’s how it generally works for NEFT, RTGS, and IMPS:

• For NEFT (National Electronic Funds Transfer): This system processes transfers in batches. When you initiate a NEFT transfer, you’ll need the beneficiary’s bank name, branch name, account number, and the correct IFSC code. The funds are usually credited within a few hours during banking hours.
• For RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, typically for amounts of 2 lakh rupees or more. Transfers happen in real time. You’ll need the same beneficiary details as for NEFT, including the IFSC code.
• For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. It’s often used for smaller amounts. Like NEFT and RTGS, you’ll need the beneficiary’s bank name, account number, and the precise IFSC code to ensure the payment is processed immediately.

In all these cases, you will enter the IFSC code into the relevant field on your bank’s online banking portal or mobile app, or provide it to the bank teller if you are making the transfer physically.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank or a beneficiary’s bank offers several important benefits:

• Facilitates Electronic Transfers: It’s essential for all NEFT, RTGS, and IMPS transactions, allowing for quick and secure money transfers.
• Ensures Accuracy: The unique code ensures funds are directed to the specific branch, reducing errors and misplaced transfers.
• Saves Time: Electronic transfers are much faster than traditional methods like cheques, and the IFSC code makes these processes efficient.
• Enhances Security: By precisely identifying the destination branch, the IFSC adds a layer of security to your financial transactions.
• Broad Accessibility: It enables interbank transfers across various banks and branches throughout India.

Contact Information

If you need to get in touch with Bihar Gramin Bank, here are some important contact details:

• BATHANI Branch Phone Number: 9771464217
• BATHANI Branch Address: BATHANI, Gaya, 824222, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Can I use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?

No, you cannot. Following the merger, all old IFSC codes for Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new IFSC codes under Bihar Gramin Bank, such as PUNB0MBGB06 for the BATHANI branch, for all transactions.

Q2: What is the difference between IFSC and MICR codes?

IFSC (Indian Financial System Code) is used for electronic fund transfers like NEFT, RTGS, and IMPS to identify a bank branch. MICR (Magnetic Ink Character Recognition) code is a 9-digit code primarily used for processing cheques. It identifies the bank, city, and branch printed on a cheque leaf.

Q3: How can I find the IFSC code for another Bihar Gramin Bank branch?

You can find IFSC codes on your chequebook, bank passbook, your bank’s official website, or through various reliable online financial portals. Always double-check the code before initiating a transfer.

Q4: Is the IFSC code the same for all branches of Bihar Gramin Bank?

No, the IFSC code is unique for each specific branch of Bihar Gramin Bank. While the first five characters (e.g., PUNB0) might be consistent across the bank, the last six characters will differ for every branch to uniquely identify it.

Q5: What happens if I use a wrong IFSC code during a transfer?

If you use an incorrect IFSC code, your electronic fund transfer will likely fail. The system will detect that the code does not match the beneficiary’s bank and branch details, and the transaction will be rejected. This means the money will not be debited from your account or will be refunded to you, potentially after a delay.