Bihar Gramin Bank LODIPUR PURAJIT IFSC Code

When you need to send or receive money at the Bihar Gramin Bank branch in LODIPUR PURAJIT, Nalanda, it’s crucial to know its Indian Financial System Code (IFSC). This unique 11-character code is essential for all electronic fund transfers through systems like NEFT, RTGS, and IMPS, ensuring your money reaches the correct bank and branch without any issues.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	LODIPUR PURAJIT
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6894
Branch Address	LODIPUR PURAJIT, Nalanda, 803110
Contact Number	9523596894
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803110
State	Bihar

Merger Update

Bihar Gramin Bank is a regional rural bank sponsored by Punjab National Bank. Historically, various regional rural banks, including entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), have undergone mergers and amalgamations to form larger, more unified banking structures. As a result of these consolidations, and to streamline operations under the sponsorship of Punjab National Bank, the IFSC codes for many of these merged entities have been updated.

For branches like LODIPUR PURAJIT under Bihar Gramin Bank, the single, unified IFSC code PUNB0MBGB06 is now used. This means any older IFSC codes previously associated with predecessor banks or different merger phases are no longer valid for transactions. Always use PUNB0MBGB06 for all electronic fund transfers to ensure your transaction is successful and goes to the correct Bihar Gramin Bank branch.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers in India. It is crucial for electronic payment systems like NEFT, RTGS, and IMPS.

The structure of the IFSC code is specific:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish bank codes from branch codes.
• The last six characters identify the specific bank branch. In PUNB0MBGB06, “MBGB06” uniquely points to the LODIPUR PURAJIT branch.

This standardized format ensures accuracy and security in electronic transactions across the country.

How to Use an IFSC Code

Using an IFSC code is straightforward when initiating an online money transfer. Here’s a general guide:

1. Log In to Your Bank’s Online Portal or Mobile App: Access your internet banking account or mobile banking application.
2. Navigate to Fund Transfer: Look for options like “Fund Transfer,” “Payments,” or “Send Money.”
3. Select Transfer Type: Choose the type of transfer you want to make – NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
4. Add Beneficiary Details: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This typically requires:
   • Beneficiary’s Account Number
   • Beneficiary’s Account Holder Name
   • Beneficiary’s Bank Name (Bihar Gramin Bank)
   • Beneficiary’s Bank Branch Name (LODIPUR PURAJIT)
   • The IFSC Code (PUNB0MBGB06)
5. Verify and Confirm: Double-check all the entered details, especially the account number and IFSC code, to prevent errors.
6. Enter Amount and Complete Transaction: Input the amount you wish to transfer and confirm the transaction using your password or PIN.

For receiving money, you simply need to provide your account number, account holder name, and the IFSC code (PUNB0MBGB06) of the LODIPUR PURAJIT branch to the sender.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Enables Electronic Fund Transfers: It is mandatory for sending or receiving money via NEFT, RTGS, and IMPS, making online banking possible.
• Ensures Accuracy: The unique code guarantees that funds are credited to the exact intended bank and branch, minimizing transfer errors.
• Speeds Up Transactions: Facilitates quick and efficient processing of inter-bank fund transfers.
• Security: Helps maintain the security of financial transactions by directing funds to validated bank branches.
• Prevents Fraud: Using the correct IFSC code helps to prevent fraudulent transactions by ensuring the recipient’s bank is legitimate.
• Simplifies Bill Payments: Often required for setting up automatic bill payments or subscriptions linked to your bank account.

Contact

For assistance related to the Bihar Gramin Bank LODIPUR PURAJIT branch, you can use the following contact information:

• Branch Phone Number: 9523596894
• Branch Address: LODIPUR PURAJIT, Nalanda, 803110, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code PUNB0MBGB06 only for the LODIPUR PURAJIT branch?

A1: Yes, the last six characters “MBGB06” in the IFSC code PUNB0MBGB06 specifically identify the Bihar Gramin Bank branch located in LODIPUR PURAJIT, Nalanda. Each branch has its own unique IFSC code.

Q2: What should I do if my bank account details, including the IFSC code, have changed after a merger?

A2: If your bank or branch was part of a merger, it’s crucial to update your records with the new IFSC code. Inform anyone who sends you money about the change. For Bihar Gramin Bank branches, the unified IFSC code PUNB0MBGB06 should be used. Old codes from pre-merger entities are typically invalid.

Q3: Can I use the IFSC code PUNB0MBGB06 for international money transfers?

A3: No, the IFSC code is exclusively 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) for the recipient’s bank.

Q4: What happens if I use an incorrect IFSC code for a transaction?

A4: If you use an incorrect IFSC code, your transaction will likely fail. The banking system will detect that the code does not match the beneficiary’s bank or branch, and the transfer will be rejected. The funds will usually be returned to your account within a few hours or business days.

Q5: Where can I find the correct IFSC code for my bank branch?

A5: You can usually find the IFSC code printed on your bank passbook or cheque book. It’s also available on your bank’s official website, through your net banking portal, or by contacting your bank’s customer service. For the LODIPUR PURAJIT branch of Bihar Gramin Bank, the correct code is PUNB0MBGB06.