Bihar Gramin Bank INDAUT IFSC Code

The Bihar Gramin Bank branch at INDAUT is located in Nalanda, Bihar. For any digital money transfers, like NEFT, RTGS, or IMPS, having the correct Indian Financial System Code (IFSC) is very important. This unique code helps banks identify the exact branch for your transaction, making sure your funds go to the right place quickly and securely. Without it, you cannot send money online to another bank account.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	INDAUT
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7164
Branch Address	INDAUT, Nalanda, 801302, 9771464164
Contact Number	9771464164
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	801302
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed through the merger of two earlier regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). Both of these banks are now operating under the single entity, Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank. Due to this merger, a new, unified IFSC code has been adopted for all branches of Bihar Gramin Bank. The code PUNB0MBGB06 is now the only valid IFSC for any transaction involving Bihar Gramin Bank. It is important to note that any old IFSC codes previously used by Dakshin Bihar Gramin Bank or Uttar Bihar Gramin Bank are no longer valid and will not work for fund transfers. Always use the current code, PUNB0MBGB06, for all your transactions.

Understanding the IFSC Code

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify all bank branches involved in online fund transfers. It helps ensure that your money reaches the correct destination, even if multiple branches share similar names.

Here is how the 11 characters are structured:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the INDAUT branch of Bihar Gramin Bank.

This unique structure makes each bank branch easily identifiable in the vast Indian banking network.

How to Use Your IFSC Code for Fund Transfers

Using an IFSC code is straightforward when you want to transfer money through services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service). Here are the general steps:

1. Log In: Access your internet banking portal or mobile banking app.
2. Select Transfer Option: Choose “Fund Transfer” or “Payments.”
3. Add Beneficiary: If you are sending money to this account for the first time, you will need to add them as a beneficiary.
4. Enter Beneficiary Details: Provide the following information:
   • Beneficiary Account Number (the account where money will be sent)
   • Beneficiary Name (as registered with their bank)
   • Confirm Account Number (to avoid errors)
   • IFSC Code: PUNB0MBGB06 (for Bihar Gramin Bank, INDAUT branch)
5. Verify and Confirm: Double-check all details, especially the account number and IFSC code, to ensure accuracy.
6. Enter Amount: Specify the amount you wish to transfer.
7. Complete Transaction: Authorize the transfer using your transaction password or OTP (One-Time Password).

For NEFT and IMPS, transfers are usually processed quickly. RTGS is used for larger amounts and processes transfers in real-time.

Why Knowing Your IFSC Code is Essential

Having the correct IFSC code at hand offers several important benefits:

• Secure Transactions: It ensures your funds are transferred to the precise bank branch, minimizing the risk of errors or misdirection.
• Faster Processing: The unique identification helps banks process online transfers more efficiently and quickly.
• Unique Identification: Each branch has a distinct code, making it easy to identify any specific location within the banking system.
• Mandatory for Online Transfers: IFSC is a required detail for all NEFT, RTGS, and IMPS transactions. You cannot send money digitally without it.
• Easy Payments: It facilitates hassle-free payments for bills, online shopping, and sending money to family or friends.

Contact Information

Should you need to contact the bank for any queries related to the INDAUT branch, or for general banking assistance, you can use the following details:

INDAUT Branch Contact:

• Phone Number: 9771464164
• Branch Address: INDAUT, Nalanda, 801302, Bihar

Bihar Gramin Bank Head Office:

• Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number:

• 18001807777

Frequently Asked Questions

Q1: What does INDAUT refer to in Bihar Gramin Bank?
A1: INDAUT is the specific name of the branch of Bihar Gramin Bank located in Nalanda, Bihar.

Q2: Is PUNB0MBGB06 the correct IFSC for all branches of Bihar Gramin Bank?
A2: Yes, following the merger of Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank into Bihar Gramin Bank, PUNB0MBGB06 is the unified and correct IFSC code for all branches of Bihar Gramin Bank, including the INDAUT branch.

Q3: Can I still use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) for transfers?
A3: No, old IFSC codes from UBGB or DBGB are no longer valid. You must use the new, unified IFSC code, PUNB0MBGB06, for all transactions involving Bihar Gramin Bank branches.

Q4: What is the MICR code 800811002 used for?
A4: The MICR (Magnetic Ink Character Recognition) code is primarily used for processing cheques. It helps in the fast and accurate clearing of physical cheques by uniquely identifying the bank and branch.

Q5: Is Bihar Gramin Bank a government-owned bank?
A5: Bihar Gramin Bank is a Regional Rural Bank (RRB). While it is sponsored by Punjab National Bank (a public sector bank), RRBs operate under specific government regulations and are jointly owned by the Government of India, the sponsoring bank, and the respective state government.