This article provides details for the Bihar Gramin Bank branch located in ISUA, Nalanda, Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is crucial for anyone needing to transfer money electronically. Whether you are sending funds through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the correct IFSC code ensures your transaction reaches the intended recipient safely and without delays. It acts like a unique digital address for each bank branch in India, enabling smooth inter-bank fund transfers.
Bihar Gramin Bank ISUA Branch Details
Here are the key details for the Bihar Gramin Bank branch in ISUA, Nalanda:
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | ISUA |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7166 |
| Branch Address | ISUA, Nalanda, 811104, 9771464166 |
| Contact Number | 9771464166 |
| City | Nalanda |
| District | Nalanda |
| Reason | BIHARSHARIF |
| Pincode | 811104 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
Bihar’s regional rural banking landscape has seen several mergers to streamline operations and enhance banking services. The current Bihar Gramin Bank itself is a result of such consolidations. For customers who previously held accounts with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it is important to note that these banks have merged into new entities over time. If a branch was formerly part of UBGB or DBGB, its old IFSC codes have been revoked and are no longer valid for transactions. As part of these mergers, many branches now operate under a unified structure, and for those sponsored by Punjab National Bank, like the ISUA branch, the IFSC code PUNB0MBGB06 is used for transactions. Always ensure you use the most current IFSC code to avoid any transaction failures.
What is an IFSC Code?
The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers. This code is crucial for directing your funds to the correct destination branch.
- The first four characters represent the bank’s name. For example, “PUNB” in PUNB0MBGB06 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 reserved for future use and helps distinguish between different parts of the code.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” refers to the ISUA branch under the Bihar Gramin Bank structure.
Think of it like a postal code, but for bank branches in the digital financial world.
How to Use the IFSC Code
Using the IFSC code is a straightforward process when you want to transfer money electronically. Here’s a step-by-step guide for NEFT, RTGS, and IMPS transactions:
- Log in to Net Banking or Mobile Banking: Access your bank’s online platform or mobile app using your credentials.
- Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
- Add Beneficiary: If you are sending money to this person for the first time, you will need to add them as a beneficiary.
- Enter Beneficiary Details:
- Beneficiary Name (e.g., Rajesh Kumar)
- Beneficiary Account Number (e.g., 1234567890)
- Re-enter Beneficiary Account Number (for confirmation)
- Bank Name (e.g., Bihar Gramin Bank)
- IFSC Code (e.g., PUNB0MBGB06)
- Confirm and Activate: Your bank might require a cool-off period or an OTP (One Time Password) to activate the new beneficiary.
- Initiate Transfer: Once the beneficiary is added and active, select them, enter the amount you wish to transfer, and choose the transfer type (NEFT, RTGS, or IMPS).
- Review and Confirm: Double-check all details before confirming the transaction. A small error in the account number or IFSC code can lead to funds being sent to the wrong account.
Benefits of Knowing the IFSC Code
Knowing the correct IFSC code for your bank branch, or for the recipient’s branch, offers several important benefits:
- Enables Electronic Transfers: It is essential for all NEFT, RTGS, and IMPS transactions, allowing for quick and secure fund transfers across different banks.
- Ensures Accuracy: The unique code helps route your money to the exact intended bank branch, minimizing the chances of funds being misdirected.
- Saves Time: With the correct IFSC, transactions are processed efficiently, reducing the time it takes for money to reach the recipient compared to traditional methods like cheques.
- Facilitates Online Payments: Many online payment platforms and services require an IFSC code for direct bank transfers, making it easier to pay bills or transfer money.
- Reduces Errors: By providing a standardized and unique identifier for each branch, it significantly reduces the scope for human error during manual entry.
Contact Information
For any queries or assistance related to the Bihar Gramin Bank ISUA branch, you can use the following contact details:
- ISUA Branch Phone Number: 9771464166
- ISUA Branch Address: ISUA, Nalanda, 811104
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
Here are some common questions about IFSC codes and their use:
Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, the IFSC code is unique for each individual bank branch. While the first four characters (bank code) might be the same for all branches of Bihar Gramin Bank sponsored by Punjab National Bank (PUNB), the last six characters (branch code) will differ for each specific branch.
Q2: What happens if I use an incorrect IFSC code for a transaction?
A2: If you use an incorrect IFSC code, your transaction will likely fail. The bank’s system will be unable to match the code to a valid branch. In some cases, if the incorrect code matches another valid branch, your funds could be sent to the wrong account. Always double-check the IFSC code before confirming a transfer.
Q3: Where can I find the IFSC code for my bank branch?
A3: You can usually find your branch’s IFSC code on your cheque book, bank passbook, or account statements. It is also available on the official website of Bihar Gramin Bank or through online IFSC lookup tools.
Q4: Can I use the IFSC code for international money transfers?
A4: No, the IFSC code is specifically for domestic fund 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).
Q5: Is it safe to share my IFSC code with others?
A5: Yes, it is generally safe to share your IFSC code. It is public information and is required by others to send money to your account. However, you should never share your account password, PIN, or full debit/credit card details.
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.