Bihar Gramin Bank ISLAMPUR IFSC Code

When you need to send money electronically to the Bihar Gramin Bank’s ISLAMPUR branch in Nalanda, Bihar, you’ll need a specific code. This code, known as the Indian Financial System Code (IFSC), is essential for secure and accurate fund transfers. Whether you’re using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC acts like a unique digital address for the branch, ensuring your money reaches the right place.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	ISLAMPUR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7165
Branch Address	ISLAMPUR, Nalanda, 801303, 9771464165
Contact Number	9771464165
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	801303
State	Bihar

Merger Update

Bihar Gramin Bank, like many Regional Rural Banks (RRBs) in the region, has been part of a broader consolidation effort by its sponsoring bank, Punjab National Bank. The IFSC code PUNB0MBGB06 reflects this. This specific code identifies Madhya Bihar Gramin Bank, which acts as the umbrella entity for several former regional rural banks, including Bihar Gramin Bank branches like ISLAMPUR. You might recall that other regional banks, such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), also merged into new structures, often standardizing their IFSC codes under the Punjab National Bank sponsorship.

For the ISLAMPUR branch, it is vital to understand that PUNB0MBGB06 is the only active and valid IFSC code for all electronic fund transfers. Any older or previously used IFSC codes for regional rural banks in this area are now revoked and will not work for transactions.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code used to identify all bank branches participating in online fund transfers. It helps the Reserve Bank of India (RBI) track transactions and ensures money goes to the correct branch.

• The first four characters represent the bank’s name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor of Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific bank branch. In this case, “MBGB06” uniquely points to the ISLAMPUR branch under the Madhya Bihar Gramin Bank system.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re setting up an online fund transfer. Here’s how it generally works for NEFT, RTGS, or IMPS:

1. Log in to your bank’s online banking portal or mobile app.
2. Select the “Fund Transfer” option.
3. Choose the type of transfer you want to make (NEFT, RTGS, or IMPS).
4. Add a new beneficiary (the person you want to send money to). You will need their name, account number, account type (savings or current), and the bank’s IFSC code.
5. Enter the IFSC code PUNB0MBGB06 for the Bihar Gramin Bank, ISLAMPUR branch. The system will usually auto-fill the bank and branch name once you enter the correct IFSC.
6. Enter the amount you wish to transfer and confirm the transaction details.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Accurate Transfers: It guarantees that your money reaches the intended beneficiary’s specific bank branch without errors.
• Faster Processing: NEFT, RTGS, and IMPS transactions rely on IFSC codes for quick processing and settlement.
• Security: The unique identification helps prevent fraudulent transfers by ensuring strict tracking of funds.
• Mandatory for Online Banking: You cannot perform electronic fund transfers within India without this code.
• Easy Verification: Most online banking systems will automatically verify the bank and branch name once you input the IFSC, reducing manual errors.

Contact Information

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

• ISLAMPUR Branch Phone Number: 9771464165
• ISLAMPUR Branch Address: ISLAMPUR, Nalanda, 801303
• 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 Bihar Gramin Bank branches?

A: No, the IFSC code PUNB0MBGB06 is specifically for branches operating under Madhya Bihar Gramin Bank’s consolidated system. While many Bihar Gramin Bank branches fall under this, it’s crucial to always verify the correct IFSC code for the specific branch you are sending money to. Each branch will have a unique last six digits in its IFSC code, though the first five (PUNB0) might be common for a group of branches under the same sponsoring bank structure.

Q2: What should I do if my bank asks for an older IFSC code for Bihar Gramin Bank?

A: If your bank or the beneficiary provides an old IFSC code for a Bihar Gramin Bank branch that operated before the consolidation, it’s best to use the updated code, which for the ISLAMPUR branch is PUNB0MBGB06. Older codes are now revoked for electronic transactions and will likely result in a failed transfer. Always confirm the latest IFSC code with the branch or the recipient.

Q3: Can I use the IFSC code for international money transfers?

A: No, the IFSC code is exclusively for domestic electronic fund transfers within India. For international money transfers, you would typically need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as a BIC (Bank Identifier Code). The Bihar Gramin Bank, as a Regional Rural Bank, generally does not handle direct international transfers.

Q4: Why is the fifth character in the IFSC code always zero?

A: The fifth character in an IFSC code is always ‘0’ (zero). This character is reserved by the Reserve Bank of India (RBI) for future use. It also serves as a control digit, helping to differentiate the bank identifier (first four characters) from the branch identifier (last six characters).

Q5: What happens if I enter an incorrect IFSC code during a transaction?

A: If you enter an incorrect IFSC code, the transaction will most likely fail. The banking system uses the IFSC code to route funds to the exact branch. An incorrect code means the system cannot find the specified branch, and the transfer will be rejected. In some rare cases, if the incorrect IFSC code points to another valid branch, the funds might go to the wrong place, making recovery difficult. Always double-check the IFSC code before confirming any transfer.