Bihar Gramin Bank DHARMSHALA IFSC Code

The Bihar Gramin Bank branch in DHARMSHALA, located in Gaya, Bihar, serves as a crucial point for banking services in the region. For anyone looking to send or receive money electronically to or from this branch, understanding the Indian Financial System Code (IFSC) is very important. This unique code is essential for all online fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). It ensures that your money reaches the correct bank and specific branch without any issues.

Branch Details

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	DHARMSHALA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7502
Branch Address	DHARMSHALA, Gaya, 824236
Contact Number	7541807502
City	Gaya
District	Gaya
Pincode	824236
State	Bihar

Merger Update

The DHARMSHALA branch, previously known as Bihar Gramin Bank, now operates under the expanded framework of Madhya Bihar Gramin Bank. This transition is a result of significant mergers involving several regional rural banks in Bihar. Specifically, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), along with other entities, combined to form the current Madhya Bihar Gramin Bank. This larger banking entity is sponsored by Punjab National Bank.

As a direct outcome of these mergers, all branches under this consolidated structure, including the DHARMSHALA branch, now use a unified IFSC code pattern. For this specific branch, the valid IFSC is PUNB0MBGB06. It is very important to remember that any old IFSC codes that might have been used by former UBGB or DBGB branches are now invalid. For all electronic fund transfers to this branch, you must use the new PUNB0MBGB06 code.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is a unique 11-character alphanumeric code used to identify all bank branches that participate in electronic funds transfers in India. Think of it like a digital address for a specific bank branch. Its structure helps ensure that money sent digitally reaches its exact destination.

• The first four characters represent the bank code. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control character.
• The last six characters identify the specific branch. For PUNB0MBGB06, “MBGB06” refers to the DHARMSHALA branch under Madhya Bihar Gramin Bank.

How to Use IFSC Code

You will need the IFSC code whenever you perform an online money transfer through NEFT, RTGS, or IMPS. Here’s how to use it:

1. Log In: Access your bank’s online banking portal or mobile banking app.
2. Select Transfer Type: Choose the type of transfer you want to make (NEFT, RTGS, or IMPS).
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter Details: Provide the following information for the recipient:
   • Beneficiary Name (the account holder’s full name)
   • Beneficiary Account Number (double-check for accuracy)
   • Confirm Beneficiary Account Number
   • Beneficiary Account Type (Savings, Current, etc.)
   • IFSC Code: Enter PUNB0MBGB06 for the DHARMSHALA branch.
5. Enter Amount: Specify the amount of money you wish to transfer.
6. Confirm and Send: Review all the details carefully before confirming the transaction. A small mistake in the IFSC or account number can lead to funds being sent to the wrong account.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code for your bank branch is highly beneficial for several reasons:

• Safe and Secure Transfers: It guarantees that your electronic funds are routed to the specific, intended branch, significantly reducing the risk of errors.
• Facilitates Online Transactions: The IFSC code is mandatory for all major online payment systems like NEFT, RTGS, and IMPS, enabling quick and efficient money transfers.
• Unique Branch Identification: Each bank branch in India has a unique IFSC, making it easy to identify any specific branch in the vast banking network.
• Prevents Fraud: By ensuring funds go to a verified bank and branch, it adds a layer of security to financial transactions.

Contact Information

If you need to get in touch with the DHARMSHALA branch or the bank’s head office, here are the details:

• DHARMSHALA Branch Contact Number: 7541807502
• DHARMSHALA Branch Address: DHARMSHALA, Gaya, 824236, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It’s an 11-character code used for electronic fund transfers in India.

Q2: Is the IFSC code required for all types of bank transfers?
A2: The IFSC code is mandatory for electronic fund transfers like NEFT, RTGS, and IMPS. For cash deposits or withdrawals at a branch, or for cheque payments, it is not directly required.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code for your branch is usually printed on the first page of your bank passbook and on cheque leaves provided by your bank. You can also find it on your bank’s official website or through their mobile app.

Q4: What should I do if I use the wrong IFSC code during a transaction?
A4: If you use an incorrect IFSC code, the transaction might fail and the funds returned to your account. However, if the incorrect IFSC code points to another valid branch and bank, and the account number also matches an existing account there, the funds could be credited to the wrong recipient. In such a case, contact your bank immediately to initiate a recall request.

Q5: Is PUNB0MBGB06 only for Bihar Gramin Bank?
A5: The IFSC code PUNB0MBGB06 is specifically for the DHARMSHALA branch, which now falls under the umbrella of Madhya Bihar Gramin Bank. Madhya Bihar Gramin Bank is the result of mergers involving various regional rural banks in Bihar, including what was formerly known as Bihar Gramin Bank, and entities like Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. So, while it’s for this specific branch, it reflects the consolidated structure of these merged rural banks sponsored by Punjab National Bank.