Bihar Gramin Bank HARNAUT IFSC Code

The Bihar Gramin Bank branch in HARNAUT, located in Nalanda district, Bihar, is an important financial hub for the local community. When you need to send or receive money electronically, such as through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a specific code is essential. This code, known as the Indian Financial System Code (IFSC), uniquely identifies each bank branch involved in these digital transactions, ensuring your funds reach the correct destination quickly and securely.

Branch Details

Here are the key details for the Bihar Gramin Bank, HARNAUT branch:

Bank Name	Bihar Gramin Bank
Branch Name	HARNAUT
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7162
Branch Address	HARNAUT, Nalanda, 803110, 9771464162
Contact Number	9771464162
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803110
State	Bihar

Merger Update

The banking landscape for regional rural banks in Bihar has seen some significant changes over time. Previously, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated independently. However, these entities, along with others, have been rationalized and merged under the sponsorship of major nationalized banks. The current IFSC code for this branch, PUNB0MBGB06, reflects its affiliation with Punjab National Bank, which acts as the sponsor bank for regional rural banks in certain regions of Bihar. This specific code identifies a regional rural bank that has consolidated its operations. It’s crucial to understand that any old IFSC codes previously used by UBGB or DBGB branches have been revoked and are no longer valid for fund transfers. For any transaction involving this branch, or indeed any of the merged regional rural banks under Punjab National Bank, only the new, unified IFSC codes like PUNB0MBGB06 are acceptable and valid for use.

What is an IFSC Code?

The IFSC Code stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers. Understanding its structure can be helpful:

• The first four characters are alphabetic and represent the bank’s name. For PUNB0MBGB06, “PUNB” signifies Punjab National Bank, the sponsor bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain uniqueness.
• The last six characters are numeric and identify the specific branch. In our example, “MBGB06” identifies the particular branch within the regional rural bank structure.

How to Use the IFSC Code

You will need the IFSC code for various electronic fund transfers. Here’s how you typically use it:

1. For NEFT (National Electronic Funds Transfer): This system processes transfers in batches at specific times. When initiating an NEFT transaction, you provide the beneficiary’s bank account number, bank name, and the IFSC code (PUNB0MBGB06 for the HARNAUT branch).
2. For RTGS (Real Time Gross Settlement): RTGS is for high-value transactions, typically INR 2 lakhs and above, processed individually and immediately. Similar to NEFT, you’ll need the beneficiary’s account details and the precise IFSC code (PUNB0MBGB06) to ensure the funds are transferred instantly.
3. For IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking or internet banking. Input the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code (PUNB0MBGB06) to send money instantly.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Ensures accurate and secure fund transfers to the intended beneficiary.
• Speeds up the process of electronic transactions like NEFT, RTGS, and IMPS.
• Reduces the chances of transaction failures or delays due to incorrect branch identification.
• It is a mandatory requirement for initiating any online inter-bank fund transfer.
• Allows you to quickly identify the specific branch and its associated bank for various banking services.

Contact Information

If you need to get in touch with the bank for any queries, here are the contact details:

• Branch Phone Number (HARNAUT): 9771464162
• Branch Address (HARNAUT): HARNAUT, Nalanda, 803110, 9771464162
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all branches of Bihar Gramin Bank?
A1: No, the IFSC code PUNB0MBGB06 is specific to the HARNAUT branch. Every branch of a bank has a unique IFSC code. You must use the correct IFSC code for the specific beneficiary branch to ensure your transaction is successful.

Q2: What should I do if I enter an incorrect IFSC code during a transaction?
A2: If the IFSC code is incorrect, your transaction will likely fail or be rejected by the system. If it somehow goes through to an incorrect bank/branch, you should immediately contact your bank to report the issue and seek assistance in recovering your funds. Always double-check the IFSC code before confirming any transfer.

Q3: Can I find the IFSC code on my bank passbook or cheque book?
A3: Yes, the IFSC code is typically printed on your bank passbook and on the top section of your cheque leaves. It’s usually found near the branch address or other bank details. This is a reliable way to confirm the correct code for your own account.

Q4: Is the IFSC code the same as the MICR code?
A4: No, IFSC and MICR codes are different. The IFSC code is used for electronic fund transfers across banks, while the MICR (Magnetic Ink Character Recognition) code is a 9-digit numeric code primarily used for processing cheques. They serve distinct purposes, though both help in uniquely identifying bank branches.

Q5: Can I use the IFSC code for international money transfers?
A5: No, the IFSC code is specifically for inter-bank transfers within India. For international money transfers, you would typically need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code or BIC (Bank Identifier Code) of the beneficiary’s bank, along with other international banking details.