The Bihar Gramin Bank branch at Panchyti Akhara serves customers in Gaya district of Bihar (PIN 823001). This branch handles deposits, withdrawals, and electronic fund transfers for individuals and businesses in the area. For any online transfer—NEFT, RTGS, or IMPS—you must use the correct IFSC code so funds route to the right branch without delay or return. A wrong or outdated IFSC can cause failed transfers or require manual reversal, which takes time.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | PANCHYTI AKHARA |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 6877 |
| Branch Address | PANCHYTI AKHARA, Gaya, 823001, 9523596877 |
| Contact Number | 9523596877 |
| City | Gaya |
| District | Gaya |
| Reason | GAYA |
| Pincode | 823001 |
| State | Bihar |
Merger Update
Important: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been consolidated under Punjab National Bank. After the merger, the unified IFSC for affected rural branches is PUNB0MBGB06. Old UBGB IFSC codes have been revoked. Only the new IFSC PUNB0MBGB06 should be used for NEFT, RTGS and IMPS transactions. If you previously used an UBGB or DBGB IFSC for this branch, stop using the old code and update beneficiary details with the new IFSC before making transfers.
What is IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character code used to identify bank branches in electronic payment systems. It has three parts:
- First 4 characters: Alphabetic code identifying the bank (example: PUNB = Punjab National Bank).
- 5th character: Always 0 (reserved for future use).
- Last 6 characters: Alphanumeric code identifying the specific branch (example: MBGB06 in PUNB0MBGB06).
Example: PUNB0MBGB06 breaks down as PUNB (bank) + 0 (reserved) + MBGB06 (branch identifier).
How to Use IFSC Code for NEFT, RTGS, IMPS
Follow these steps when you make an electronic transfer:
- Open your bank’s netbanking portal or mobile app and choose the transfer type (NEFT, RTGS or IMPS).
- Add a new beneficiary if needed. Enter the beneficiary name exactly as on their bank account.
- Enter the beneficiary account number and the IFSC: PUNB0MBGB06 for Bihar Gramin Bank, Panchyti Akhara.
- Provide the beneficiary’s branch name and city (Gaya) if the form asks for it.
- Enter the transfer amount and purpose. For RTGS check your bank’s minimum threshold (many banks set a high-value threshold; confirm with your bank).
- Verify all details — especially the last 4 digits of the account number and the IFSC — before confirming.
- Authenticate the transaction using OTP/transaction password as required by your bank.
- Save or note the transaction reference number for future tracking.
Note: NEFT and IMPS are commonly used for retail transfers. RTGS is intended for high-value, time-sensitive transfers. Exact limits and timings depend on your bank’s policy.
Benefits of Knowing the Correct IFSC
- Ensures funds reach the correct branch and account without manual intervention.
- Reduces transfer failures and return charges.
- Makes beneficiary setup faster and avoids repeated corrections.
- Required for all electronic transfers: NEFT, RTGS and IMPS.
- Helps customer support quickly trace or reverse transactions when needed.
Contact
Branch Phone: 9523596877
Branch Address: PANCHYTI AKHARA, Gaya, 823001
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free: 18001807777
FAQs
Q: Can I use any IFSC for a bank’s online transfer?
A: No. You must use the exact IFSC of the beneficiary branch. Using a different branch’s IFSC can redirect or fail the payment.
Q: What happens if I enter a wrong IFSC?
A: If the IFSC doesn’t match the account number, the transfer may fail or be returned. If it happens to match another valid branch, the money could go to the wrong branch/account and reversal will require a formal request and time.
Q: Is the IFSC PUNB0MBGB06 valid for NEFT, RTGS and IMPS?
A: Yes. The IFSC PUNB0MBGB06 is valid for NEFT, RTGS and IMPS. Make sure this is the current code in the beneficiary details before sending money.
Q: How do I confirm the current IFSC for the Panchyti Akhara branch?
A: Confirm by calling the branch at 9523596877, checking a bank statement or passbook, or by asking your bank to verify beneficiary details. After the UBGB/DBGB merger, use PUNB0MBGB06.
Q: What is the difference between IFSC and MICR?
A: IFSC is used for electronic transfers and identifies the bank branch in NEFT/RTGS/IMPS. MICR (Magnetic Ink Character Recognition) code is used for processing cheques and is printed on the cheque leaf (example MICR: 800811002 for this branch).
Q: My bank’s RTGS minimum amount differs from what you said. Which one should I follow?
A: Follow your bank’s limits and instructions. RBI provides the framework, but individual banks set specific limits and charges for RTGS, NEFT and IMPS.
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.