Bihar Gramin Bank EKAUNA IFSC Code

Navigating financial transactions today requires precise information, especially when sending money electronically. For residents and businesses in EKAUNA, a locality within Gaya district, Bihar, understanding the correct bank codes for your Bihar Gramin Bank branch is essential. Whether you’re sending funds via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC (Indian Financial System Code) acts as a unique identifier for your specific bank branch, ensuring your money reaches its intended destination quickly and securely.

Bihar Gramin Bank, EKAUNA Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	EKAUNA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6908
Branch Address	EKAUNA, Gaya, 824211, 7091596908
Contact Number	7091596908
City	Gaya
District	Gaya
Reason	GAYA
Pincode	824211
State	Bihar

Merger Update

The EKAUNA branch of Bihar Gramin Bank uses the IFSC code PUNB0MBGB06. It’s important to understand the broader context of Regional Rural Banks (RRBs) in Bihar. If a branch belonged to the former Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), these entities have undergone significant mergers. As a result of these consolidations, a unified IFSC structure was adopted. For many branches that were part of such mergers, the IFSC code PUNB0MBGB06, under the sponsorship of Punjab National Bank, became the standard for transactions. This means any old IFSC codes previously associated with UBGB or DBGB are no longer valid for electronic fund transfers. To ensure successful transactions, always use the current and valid IFSC code for your specific branch, such as PUNB0MBGB06 for the EKAUNA branch of Bihar Gramin Bank.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is a unique 11-character alphanumeric code. It’s used to identify individual bank branches participating in online money transfer systems like NEFT, RTGS, and IMPS. Think of it as a digital address for your bank branch.

The 11 characters are structured in a specific way:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters uniquely identify the specific branch. In our example, “MBGB06” identifies the specific branch structure within the Bihar Gramin Bank system.

This unique code helps ensure that your funds are routed correctly to the intended recipient’s bank account, even if they bank with a different institution.

How to Use the IFSC Code

Using the IFSC code is straightforward when initiating an online fund transfer. Here’s a general guide:

1. Gather Recipient Details: Before starting, you will need the recipient’s full name, account number, account type (savings or current), and their bank’s IFSC code (e.g., PUNB0MBGB06 for Bihar Gramin Bank, EKAUNA).
2. Log in to Your Net Banking or Mobile Banking App: Access your bank’s online platform.
3. Select Fund Transfer Option: Look for options like “NEFT,” “RTGS,” or “IMPS.” The method you choose depends on the amount you wish to transfer and how quickly you need it to reach the recipient.
4. Add a New Beneficiary: If you’re sending money to this recipient for the first time, you’ll need to add them as a new beneficiary. This usually involves entering their name, account number, and the crucial IFSC code (PUNB0MBGB06).
5. Verify Details: The system often automatically fetches the bank and branch name once you enter the IFSC code. Always double-check these details to confirm they match the recipient’s bank.
6. Enter Amount and Confirm: Input the amount you wish to transfer and confirm the transaction using your banking password or PIN.

Always double-check all details, especially the account number and IFSC code, before confirming a transfer. An incorrect IFSC can lead to delays or, in rare cases, funds being sent to the wrong account.

Benefits of Knowing the IFSC Code

Having the correct IFSC code on hand offers several practical advantages for your banking needs:

• It enables smooth and error-free online fund transfers via NEFT, RTGS, and IMPS.
• It acts as a unique identifier for your bank branch, ensuring your money reaches the right place.
• It reduces the chances of failed transactions due to incorrect routing information.
• It saves time by allowing you to initiate transfers instantly from anywhere, without visiting a branch.
• It is often required for setting up automatic bill payments or standing instructions.
• It is a mandatory piece of information for receiving international remittances, though a SWIFT code is also typically needed for the sending bank.

Contact Information

Should you need to get in touch with the Bihar Gramin Bank, EKAUNA branch or their head office, here are the details:

• EKAUNA Branch Phone Number: 7091596908
• EKAUNA Branch Address: EKAUNA, Gaya, 824211, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

What is the difference between IFSC and MICR code?

The IFSC (Indian Financial System Code) is an 11-character code used for online fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheque leaves. It is primarily used for processing cheques and clearing purposes. Both codes are unique identifiers but serve different functions.

Is IFSC code mandatory for all bank transactions?

IFSC codes are mandatory for electronic fund transfers such as NEFT, RTGS, and IMPS, whether done through internet banking or mobile banking apps. They are not required for cash deposits, withdrawals at ATMs, or transactions conducted physically at a bank branch.

What happens if I enter a wrong IFSC code during a transfer?

If you enter an incorrect IFSC code, the transaction will likely fail. Most banking systems validate the IFSC code against the recipient’s bank account number. If there’s a mismatch, the transaction will not proceed, and you will receive an error message. In rare cases, if the incorrect IFSC code corresponds to a valid but different branch, the funds might be delayed or sent to the wrong account, making recovery challenging.

Can I find the IFSC code on my passbook or chequebook?

Yes, the IFSC code is typically printed on your bank passbook. It is also found on the top left or right corner of your cheque leaves. For the Bihar Gramin Bank, EKAUNA branch, the IFSC is PUNB0MBGB06.

Does the IFSC code change if a bank merges or is acquired?

Yes, if banks merge or undergo restructuring, their IFSC codes often change. New unified codes are usually issued for the merged entities or specific branches. It’s crucial to always use the most current IFSC code to avoid transaction failures. For instance, any older codes for entities like UBGB or DBGB are now invalid if they have transitioned under the unified system resulting in the PUNB0MBGB06 code.