If you’re looking to send or receive funds to the Bihar Gramin Bank branch located in GILANI, Nalanda, Bihar, understanding its Indian Financial System Code (IFSC) is crucial. This unique 11-character code is essential for all electronic money transfers. Whether you’re using National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the correct IFSC code ensures your transaction goes to the right bank and branch quickly and securely.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | GILANI |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7159 |
| Branch Address | GILANI, Nalanda, 811101 |
| Contact Number | 9771464159 |
| City | Nalanda |
| District | Nalanda |
| Reason | BIHARSHARIF |
| Pincode | 811101 |
| State | Bihar |
Merger Update
Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both now operate under the sponsorship of Punjab National Bank. This merger means that all branches, including the GILANI branch, now use a unified IFSC code: PUNB0MBGB06. It’s important to note that any old IFSC codes previously used by UBGB or DBGB are no longer valid. For any electronic transaction, you must use the new code, PUNB0MBGB06, to ensure your funds reach the correct destination without issues or delays.
What is an IFSC Code?
The IFSC code is an 11-character alphanumeric code. It uniquely identifies each bank branch in India. Think of it like a digital address for a bank branch. This code is crucial for directing electronic transactions to the exact location where the beneficiary’s account is held.
The structure of the IFSC code is straightforward:
- The first four characters always represent the bank name. For PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
- The fifth character is always a zero (‘0’). This character is kept for future use by the Reserve Bank of India.
- The last six characters identify the specific branch. For the GILANI branch, these are ‘MBGB06’. These unique characters pinpoint the exact branch within the bank’s network.
How to Use an IFSC Code
You will need the IFSC code whenever you make an electronic fund transfer. This includes using services like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS). Here are the general steps:
- Log in to your online banking portal or mobile banking app.
- Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
- Select ‘Add Beneficiary’ if you haven’t transferred to this account before. If the beneficiary is already saved, select their details.
- Enter the beneficiary’s full name, their account number, the type of account (e.g., Savings, Current), and the correct IFSC code (PUNB0MBGB06 for the GILANI branch).
- Specify the amount you wish to transfer.
- Review all the entered details carefully to prevent any errors.
- Confirm the transaction using your banking password or OTP (One Time Password). The IFSC code ensures your money goes to the right branch and account.
Benefits of Knowing Your IFSC Code
Having the correct IFSC code for your bank branch, or for the recipient’s branch, offers several benefits:
- Accuracy in Transfers: It ensures your funds are transferred to the precise bank and branch, minimizing the risk of errors.
- Mandatory for Digital Payments: It is a required field for all major electronic payment systems like NEFT, RTGS, and IMPS.
- Prevents Delays: Using the correct code helps process transactions quickly, avoiding delays that can occur with incorrect information.
- Standardized System: It’s a universal and standardized system used across all banks in India, making inter-bank transfers efficient.
- Essential for Businesses: For businesses handling multiple digital payments, knowing IFSC codes is crucial for seamless financial operations.
Contact Information
If you need to get in touch with the bank, here are the relevant contact details:
- Branch Phone Number: 9771464159
- Branch Address: GILANI, Nalanda, 811101, 9771464159
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
Here are some common questions about the IFSC code for Bihar Gramin Bank’s GILANI branch:
Q: What is the IFSC code for Bihar Gramin Bank GILANI branch?
A: The IFSC code for Bihar Gramin Bank’s GILANI branch is PUNB0MBGB06.
Q: Why is the IFSC code important for money transfers?
A: The IFSC code uniquely identifies the bank and its specific branch. It’s essential for electronic fund transfers like NEFT, RTGS, and IMPS to ensure your money reaches the correct recipient’s account accurately and without delay.
Q: Can I use an old IFSC code for Bihar Gramin Bank?
A: No. Following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank, all branches now use a unified IFSC code. Only the new code, PUNB0MBGB06, is valid for transactions. Old codes are no longer active.
Q: What do the different parts of the IFSC code PUNB0MBGB06 mean?
A: In PUNB0MBGB06, ‘PUNB’ represents Punjab National Bank, the sponsor bank. The fifth character ‘0’ is reserved for future use. The last six characters, ‘MBGB06’, specifically identify the GILANI branch.
Q: Is the MICR code also important for bank transactions?
A: Yes, the MICR code (Magnetic Ink Character Recognition) is primarily used for processing physical cheques. While crucial for cheque clearing, for online fund transfers and digital payments, the IFSC code is the primary identifier you’ll need.
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.