Welcome to the Bihar Gramin Bank branch located in BUDHAUL, a key area within Gaya district, Bihar. This branch plays an important role in the local community, providing essential banking services. For anyone needing to transfer funds electronically within India, understanding the Indian Financial System Code (IFSC) is crucial. Whether you’re sending money through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the correct IFSC code ensures your funds reach the right bank and branch quickly and securely.
Bihar Gramin Bank BUDHAUL Branch Details
Here are the complete details for the Bihar Gramin Bank BUDHAUL branch:
| Bank Name | Bihar Gramin Bank |
| Branch Name | BUDHAUL |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7557 |
| Branch Address | BUDHAUL, Gaya, 824118, 7541807557 |
| Contact Number | 7541807557 |
| City | Gaya |
| District | Gaya |
| Region | GAYA |
| Pincode | 824118 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
It is important to note the history behind Bihar Gramin Bank. This bank was formed through the merger of two significant regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). Both these entities have now consolidated into a single entity, Bihar Gramin Bank, which operates under the sponsorship of Punjab National Bank (PNB).
As a result of this merger, all branches of the erstwhile Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank now use a standardized IFSC code structure. Specifically, all branches, including BUDHAUL, now operate under the single IFSC code prefix PUNB0MBGB06. This means any old IFSC codes previously associated with branches of UBGB or DBGB are no longer valid. For any fund transfers, you must use the new and current IFSC code PUNB0MBGB06 to ensure your transaction is processed successfully.
What is an IFSC Code?
The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online money transfers within India. This code is crucial for accurate and efficient electronic fund transfers like NEFT, RTGS, and IMPS.
The structure of the IFSC code is specific:
- The first four characters represent the bank name. For the Bihar Gramin Bank, sponsored by Punjab National Bank, these are “PUNB”.
- The fifth character is always a ‘0’ (zero). This is reserved for future use and helps distinguish bank codes from branch codes.
- The last six characters represent the specific branch code. For the BUDHAUL branch, these are “MBGB06”. Combining these parts gives us PUNB0MBGB06.
How to Use an IFSC Code for Fund Transfers
Using the IFSC code correctly is simple but vital for successful online money transfers. Here’s how you’d typically use it for different types of transactions:
For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement):
- Log in to your bank’s internet banking portal or mobile banking app.
- Select the option for “Fund Transfer” or “Payments”.
- Choose “Add Beneficiary” if you haven’t transferred money to this person before.
- Enter the beneficiary’s details: full name, account number, bank name (Bihar Gramin Bank), and the specific IFSC code (PUNB0MBGB06).
- Verify the details carefully.
- Once the beneficiary is added, select them, enter the amount you wish to transfer, and confirm the transaction.
For IMPS (Immediate Payment Service):
IMPS works similarly to NEFT and RTGS, but often offers instant transfers 24/7. When using IMPS through internet banking or mobile apps, the steps are generally the same:
- Access your banking platform.
- Choose the IMPS option.
- You will typically need the beneficiary’s mobile number and MMID (Mobile Money Identifier), or their account number and IFSC code (PUNB0MBGB06).
- Enter the amount and complete the transaction.
Always double-check the IFSC code, account number, and beneficiary name before confirming any transfer to avoid sending money to the wrong account.
Benefits of Knowing Your IFSC Code
Having easy access to the correct IFSC code offers several advantages:
- Faster Transfers: It ensures that your electronic fund transfers like NEFT, RTGS, and IMPS are processed quickly and without delays.
- Accuracy and Security: The unique code helps route funds to the exact intended branch, significantly reducing the risk of errors and enhancing transaction security.
- Convenience: You can conduct banking transactions from anywhere, anytime, using internet banking or mobile apps, without needing to visit the bank branch physically.
- Essential for Online Transactions: Most online payment gateways and financial services require an IFSC code for setting up direct debits or receiving payments.
- Avoiding Transaction Failures: An incorrect or outdated IFSC code will lead to transaction failure, causing delays and inconvenience. Using the current, correct code prevents this.
Contact Information
If you need to get in touch with the Bihar Gramin Bank BUDHAUL branch or the head office, here are the details:
- Branch Phone Number: 7541807557
- Branch Address: BUDHAUL, Gaya, 824118
- 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 IFSC code:
Q1: What is the specific IFSC code for the Bihar Gramin Bank BUDHAUL branch?
A1: The IFSC code for the Bihar Gramin Bank BUDHAUL branch is PUNB0MBGB06.
Q2: Is the old IFSC code for erstwhile Dakshin Bihar Gramin Bank or Uttar Bihar Gramin Bank branches still valid?
A2: No. Due to the merger, all old IFSC codes for branches of Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank have been revoked. You must use the new standardized IFSC code PUNB0MBGB06 for all transactions with Bihar Gramin Bank branches.
Q3: What does the ‘0’ in the IFSC code PUNB0MBGB06 signify?
A3: The fifth character, which is always ‘0’ (zero), is a control character. It’s reserved for future use by the Reserve Bank of India and helps maintain the unique identification of each bank and branch.
Q4: Can I use the IFSC code for international fund transfers?
A4: No, the IFSC code is exclusively for domestic electronic fund transfers within India. For international transfers, you would typically need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, which is a different identification system for international banking networks.
Q5: How can I find the IFSC code for other branches of Bihar Gramin Bank?
A5: You can find the IFSC code for other branches by visiting the official website of Bihar Gramin Bank or Punjab National Bank (its sponsor bank). You can also use reliable third-party financial aggregators or contact the bank’s customer service with the branch name and district details.
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.