Bihar Gramin Bank GAYA COLLEGE OF ENGG S K NAGAR IFSC Code

Welcome to the details regarding the Bihar Gramin Bank branch located at Gaya College of Engineering, S K Nagar, in Gaya, Bihar. This branch is important for many residents and students in the area. Understanding its Indian Financial System Code (IFSC) is crucial for smooth and secure money transfers. Whether you need to send or receive funds through online methods like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC code acts as a unique digital address for this specific bank branch.

Branch Details

Here are the full details for the Bihar Gramin Bank branch in Gaya College of Engineering, S K Nagar:

Bank Name	Bihar Gramin Bank
Branch Name	GAYA COLLEGE OF ENGG S K NAGAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7456
Branch Address	GAYA COLLEGE OF ENGG S K NAGAR, Gaya, 823003, 7781004456
Contact Number	7781004456
City	Gaya
District	Gaya
Reason	GAYA
Pincode	823003
State	Bihar

Merger Update

The banking landscape for regional rural banks in Bihar has seen several consolidations. For instance, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged. As a result, they now operate under a single, unified IFSC code, PUNB0MBGB06, which is sponsored by Punjab National Bank. This means any older IFSC codes previously used by UBGB are no longer valid for transactions. Only the new IFSC code, PUNB0MBGB06, is now valid for all fund transfers involving these merged entities.

Similarly, this specific branch of Bihar Gramin Bank, which is now part of Madhya Bihar Gramin Bank, also uses the IFSC code PUNB0MBGB06, reflecting its sponsorship by Punjab National Bank.

What is an IFSC Code?

An IFSC code stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify all bank branches participating in online money transfers like NEFT, RTGS, and IMPS. This code ensures that your money goes to the correct bank and specific branch.

The structure of an IFSC code is simple to understand:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which sponsors Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between the bank code and the branch code.
• The last six characters identify the specific bank branch. In our example, “MBGB06” uniquely identifies the Gaya College of Engg S K Nagar branch under Madhya Bihar Gramin Bank.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you’re making an online fund transfer. Here’s a general guide:

1. Log in to your Net Banking or Mobile Banking App: Access your online banking portal or mobile application.
2. Select Transfer Type: Choose the type of transfer you want to make, such as 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. This typically involves providing their:
   • Beneficiary Name
   • Beneficiary Account Number
   • Confirm Beneficiary Account Number
   • Bank Name (e.g., Bihar Gramin Bank / Madhya Bihar Gramin Bank)
   • Branch Name (e.g., GAYA COLLEGE OF ENGG S K NAGAR)
   • IFSC Code (PUNB0MBGB06)
4. Enter Transfer Details: After adding the beneficiary, select them, enter the amount you wish to transfer, and add any remarks if needed.
5. Confirm and Authenticate: Review all the details carefully, then confirm the transaction. You might need to authenticate it with an OTP (One Time Password) or a transaction password.

The system uses the IFSC code to correctly route your funds to the intended branch, ensuring a secure and efficient transfer.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Facilitates Online Transfers: It is essential for all electronic fund transfers (NEFT, RTGS, IMPS), allowing money to move quickly between different banks and branches.
• Ensures Accuracy: The unique code prevents errors by directing funds to the precise branch, reducing the risk of money being sent to the wrong account.
• Streamlines Banking: Speeds up the process of adding beneficiaries and making payments, saving time for both individuals and businesses.
• Security: Helps maintain the security of financial transactions by providing a clear identification for each banking endpoint.
• Required for Various Services: Many financial services, including bill payments, loan applications, and investment transfers, often require the IFSC code.

Contact Information

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

• Branch Phone Number: 7781004456
• Branch Address: GAYA COLLEGE OF ENGG S K NAGAR, Gaya, 823003, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

What is the IFSC code for Bihar Gramin Bank, Gaya College of Engineering branch?

The IFSC code for this specific branch is PUNB0MBGB06.

Is the IFSC code different for NEFT, RTGS, and IMPS transactions?

No, the IFSC code remains the same regardless of whether you are making an NEFT, RTGS, or IMPS transaction. The code identifies the specific bank branch for all these electronic fund transfers.

What should I do if my online transfer fails due to an incorrect IFSC code?

If your transfer fails due to an incorrect IFSC code, the money usually gets refunded to your account within a few hours or days. You should double-check the IFSC code and the beneficiary’s other details and then attempt the transfer again.

Can I find the IFSC code on my passbook or cheque book?

Yes, the IFSC code is typically printed on your bank passbook and on the top left corner of your cheque leaves. You can also find it on the bank’s official website or through reliable online IFSC code lookup tools.

What does the “0” in the fifth position of the IFSC code signify?

The fifth character in the IFSC code is always a ‘0’ (zero). This character is reserved for future use and acts as a separator between the bank code (first four characters) and the branch code (last six characters).