In the heart of Gaya, Bihar, lies the GURUA branch of Bihar Gramin Bank. For anyone looking to send or receive money electronically, understanding the Indian Financial System Code, or IFSC, for this branch is crucial. This unique code acts like a digital address, ensuring that your funds land precisely in the right account during transactions such as NEFT, RTGS, and IMPS. It streamlines the transfer process, making it fast and secure, whether you are sending money to a family member, paying a bill, or conducting business.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | GURUA |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7233 |
| Branch Address | GURUA, Gaya, 824205, 9771464233 |
| Contact Number | 9771464233 |
| City | Gaya |
| District | Gaya |
| Reason | GAYA |
| Pincode | 824205 |
| State | Bihar |
Merger Update
For customers and users of the GURUA branch, it’s important to note recent structural changes. If your branch was previously associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), these banks have undergone a merger. The unified entity now operates under the sponsorship of Punjab National Bank, and a single, standardized IFSC code is in use for all transactions. Specifically, the IFSC code PUNB0MBGB06 is now the valid identifier for this branch. Any old IFSC codes associated with UBGB or DBGB have been revoked and are no longer valid for electronic fund transfers. Always use the new code for accurate and successful transactions.
What is an IFSC Code?
An IFSC Code stands for the Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers within India. Think of it as a postal code for financial transactions. This code is crucial for electronic payment systems like NEFT, RTGS, and IMPS, ensuring that money reaches the correct bank and branch.
The 11 characters of an IFSC code are structured in a specific way:
- The first four characters represent the bank name. For instance, in PUNB0MBGB06, “PUNB” indicates Punjab National Bank.
- The fifth character is always ‘0’ (zero). This character is reserved for future use and acts as a control digit.
- The last six characters identify the specific branch. In this case, “MBGB06” uniquely points to the GURUA branch of Madhya Bihar Gramin Bank (sponsored by PNB).
This precise structure helps in eliminating errors and ensuring that your money is transferred safely and efficiently.
How to Use an IFSC Code
Using an IFSC code is straightforward once you initiate an online fund transfer. Here’s a general guide for the common electronic payment systems:
- For NEFT (National Electronic Funds Transfer): This system processes transfers in batches. When you initiate a NEFT transaction through your bank’s online portal or mobile app, you will need to enter the beneficiary’s bank name, beneficiary’s name, account number, and the correct IFSC code (PUNB0MBGB06 for the GURUA branch). The system uses the IFSC to route the funds to the specific branch.
- For RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, where funds are settled individually and immediately. Similar to NEFT, you will input the beneficiary’s bank name, account holder’s name, account number, and the IFSC code. The immediate nature of RTGS makes the IFSC even more critical for instant routing.
- For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. When using IMPS, you’ll typically provide the beneficiary’s mobile number and MMID, or their account number and IFSC code. For transfers using account number and IFSC, you will specifically enter PUNB0MBGB06 to ensure the funds go to the GURUA branch.
Always double-check the IFSC code along with the account number to prevent any transfer issues. A single digit or letter error in the IFSC can lead to delays or, in rare cases, a transfer to the wrong branch, though modern systems have checks in place to minimize this risk.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for your bank branch offers several practical advantages:
- Swift Fund Transfers: It ensures your money reaches the intended recipient’s bank account quickly and without delays during NEFT, RTGS, or IMPS transactions.
- Reduced Errors: The unique identification helps prevent misrouting of funds, safeguarding your financial transactions.
- Enhanced Security: By precisely identifying the bank and branch, it adds a layer of security to electronic payments.
- Easy Online Banking: Most online banking platforms and mobile apps require the IFSC for adding new beneficiaries or making transfers, making it essential for digital financial operations.
- Universal Recognition: It’s a standardized code recognized across all participating banks in India, simplifying interbank transactions.
Contact Section
If you need to get in touch with the GURUA branch or the bank’s head office, here are the details:
- Branch Phone Number: 9771464233
- Branch Address: GURUA, Gaya, 824205, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
FAQs
Q1: Is the IFSC code for the GURUA branch permanent?
A1: Generally, an IFSC code for a bank branch is stable. However, in cases of bank mergers, acquisitions, or significant structural changes, the IFSC code can change. As noted in the merger update, the current code PUNB0MBGB06 is the valid one following past changes. Always confirm the latest code, especially if you have old banking details.
Q2: What happens if I use an incorrect IFSC code?
A2: If you enter an incorrect IFSC code, your transaction will likely fail. Most banking systems have validation checks that will flag an invalid or mismatched IFSC. In some rare cases, if the incorrect code belongs to another active branch, the funds might be delayed or potentially misrouted, requiring a reversal process. It’s always best to verify the code carefully.
Q3: Can I find the IFSC code on my chequebook?
A3: Yes, the IFSC code is typically printed on the top left corner of your cheque leaves. You can also find it on your bank passbook, bank statements, or by using the bank’s official website or mobile application.
Q4: Do I need an IFSC code for cash deposits or withdrawals at the branch?
A4: No, an IFSC code is specifically for electronic fund transfers (NEFT, RTGS, IMPS). For cash deposits or withdrawals directly at the GURUA branch, you only need your account number and valid identification as per bank policies.
Q5: Is the MICR code the same as the IFSC code?
A5: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit numerical code primarily used for processing cheques. It helps in identifying the bank and branch for cheque clearing purposes. The IFSC code, on the other hand, is an 11-character alphanumeric code used for electronic fund transfers.
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.