Bihar Gramin Bank GHOSRAWAN IFSC Code

When you need to send money to someone in GHOSRAWAN, Nalanda, Bihar, using online banking or mobile apps, one crucial piece of information you’ll need is the Indian Financial System Code, or IFSC code. This unique 11-character code acts like a digital address for bank branches, ensuring your funds go to the correct recipient, whether through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service) systems. For the Bihar Gramin Bank branch in GHOSRAWAN, knowing the correct IFSC code is essential for smooth and secure transactions.

Branch Details

Here are the key details for the Bihar Gramin Bank branch located in GHOSRAWAN:

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	GHOSRAWAN
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7158
Branch Address	GHOSRAWAN, Nalanda, 803109, 9771464158
Contact Number	9771464158
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803109
State	Bihar

Merger Update for Bihar Gramin Bank

It’s important to understand the history of Bihar Gramin Bank. This bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks are now part of Bihar Gramin Bank, which is sponsored by Punjab National Bank (PNB). As a result of this merger and sponsorship, Bihar Gramin Bank now uses a unified series of IFSC codes under Punjab National Bank. The IFSC code for the GHOSRAWAN branch, PUNB0MBGB06, reflects this change.

This means that any old IFSC codes previously used for branches under Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. When conducting any fund transfer to a Bihar Gramin Bank account, you must always use the new, unified IFSC code, such as PUNB0MBGB06 for the GHOSRAWAN branch, to ensure your transaction is successful and reaches the correct destination.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in online fund transfers. It’s designed to make sure that money transfers like NEFT, RTGS, and IMPS go to the exact branch and account you intend.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always zero (0). This character is reserved for future use, often as a control character, and serves as a separator.
• The last six characters uniquely identify the specific bank branch. In this case, “MBGB06” points to the GHOSRAWAN branch within the Bihar Gramin Bank network under PNB’s sponsorship.

How to Use the IFSC Code

Using the IFSC code is a fundamental step in making any online fund transfer. Here’s how you generally use it for different types of transactions:

For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement):

1. Log in to your internet banking portal or mobile banking app.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select ‘Add Beneficiary’ or ‘Manage Payee’ if you haven’t added the recipient before.
4. Enter the beneficiary’s details, which typically include their name, account number, account type (savings or current), and the bank’s IFSC code (e.g., PUNB0MBGB06 for GHOSRAWAN branch).
5. Once the beneficiary is added and approved (which might take some time for first-time additions), you can select them from your list of payees.
6. Enter the amount you wish to transfer and confirm the transaction.

For IMPS (Immediate Payment Service):

IMPS transfers are usually faster than NEFT/RTGS. You can initiate them in a few ways:

1. Using Account Number + IFSC: Similar to NEFT/RTGS, you enter the beneficiary’s account number and the IFSC code (e.g., PUNB0MBGB06).
2. Using Mobile Number + MMID: Some banks allow IMPS using the beneficiary’s mobile number and a seven-digit MMID (Mobile Money Identifier) provided by their bank. In this case, the IFSC code is not directly entered by you but is handled by the banking system.
3. UPI (Unified Payments Interface): While UPI transactions don’t typically ask for an IFSC code directly, the underlying system uses it. You simply enter the beneficiary’s UPI ID (e.g., phonepe@ybl) or scan a QR code.

Always double-check the IFSC code, account number, and recipient name before confirming any transfer to avoid sending money to the wrong account.

Benefits of Knowing the IFSC Code

Understanding and correctly using the IFSC code offers several key advantages for your financial transactions:

• Accurate Fund Transfers: It ensures your money reaches the precise bank branch and account number you intended, minimizing errors.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly and efficiently.
• Security: The unique identification helps prevent fraudulent transfers by clearly linking transactions to specific bank branches.
• Mandatory for Online Transfers: For most inter-bank online transfers within India, providing the IFSC code is a compulsory step.
• Easy Branch Identification: It helps you quickly identify and verify specific bank branches across India, especially when dealing with various regional rural banks like Bihar Gramin Bank.

Contact Information

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

• Branch Phone Number: 9771464158
• Branch Address: GHOSRAWAN, Nalanda, 803109, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank, Sponsor Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: Is PUNB0MBGB06 the correct IFSC code for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is specific to the GHOSRAWAN branch of Bihar Gramin Bank. While the first four characters “PUNB” and the fifth “0” are common across Bihar Gramin Bank branches (due to PNB sponsorship), the last six characters will differ for each unique branch. Always verify the exact IFSC code for the specific branch you intend to transact with.

Q2: What should I do if my previous transaction used an old Uttar Bihar Gramin Bank (UBGB) IFSC code?
A2: If a previous transaction used an old UBGB or DBGB IFSC code, it likely failed. All old codes are revoked. You must update your beneficiary details with the new, unified Bihar Gramin Bank IFSC code, like PUNB0MBGB06 for the GHOSRAWAN branch, before attempting any new transfers.

Q3: Can I find the IFSC code on my Bihar Gramin Bank passbook or chequebook?
A3: Yes, the IFSC code is typically printed on your bank passbook, specifically on the first page, and also on individual cheque leaves of your Bihar Gramin Bank chequebook. It’s a reliable source for finding the correct code.

Q4: What’s the difference between an IFSC code and a MICR code?
A4: Both are bank codes, but they serve different purposes. The IFSC code (e.g., PUNB0MBGB06) is an 11-character alphanumeric code used for online fund transfers (NEFT, RTGS, IMPS). The MICR code (Magnetic Ink Character Recognition), which is 9 digits (e.g., 800811002 for GHOSRAWAN), is used primarily for processing physical cheques. It helps in faster clearing of cheques by machine reading.

Q5: I’m sending money from outside India to this branch. Do I still use the IFSC code?
A5: No, for international remittances, you typically use the SWIFT/BIC (Society for Worldwide Interbank Financial Telecommunication / Bank Identifier Code) code, not the IFSC code. The IFSC code is for domestic Indian fund transfers. You would need to inquire with Bihar Gramin Bank or its sponsoring bank, Punjab National Bank, for their specific SWIFT code for international transactions.