Bihar Gramin Bank NANAND IFSC Code

The Bihar Gramin Bank branch in NANAND, located in the Nalanda district of Bihar, serves as a vital financial hub for the local community. For anyone looking to send or receive money to this branch electronically, understanding the Indian Financial System Code (IFSC) is crucial. This unique 11-character code is essential for conducting secure and efficient online fund transfers through systems like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC code, these digital transactions cannot be completed.

Branch Details Table

Detail	Value
Bank Name	Bihar Gramin Bank
Branch Name	NANAND
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7178
Branch Address	NANAND, Nalanda, 803126, 9771464178
Contact Number	9771464178
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803126
State	Bihar

Merger Update

The Bihar Gramin Bank, sponsored by Punjab National Bank, is a result of the consolidation of various regional rural banks in the region. This unification has streamlined banking operations and standardized codes. Specifically, for branches like NANAND, which were part of the former Madhya Bihar Gramin Bank network, the IFSC code now uniformly begins with PUNB0MBGB. This consolidated system means that any older IFSC codes previously used by the individual merging banks (such as those from the erstwhile Madhya Bihar Gramin Bank) are no longer valid. For all financial transactions involving the NANAND branch of Bihar Gramin Bank, only the current IFSC code, PUNB0MBGB06, is the correct and valid identifier.

What is an IFSC Code?

An IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric identifier assigned to each bank branch in India by the Reserve Bank of India (RBI). It ensures that your money is sent to the exact branch you intend. The code follows a specific structure:

• The first four characters represent the bank name. For Bihar Gramin Bank, specifically for branches under the former Madhya Bihar Gramin Bank system, this is PUNB, indicating its sponsorship by Punjab National Bank, followed by 0MBGB, which identifies Madhya Bihar Gramin Bank within that system. So, PUNB0MBGB effectively points to Bihar Gramin Bank’s branches that were part of the MBGB network.
• 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 uniquely identify the specific bank branch. In the case of the NANAND branch, these are 06.

For example, in PUNB0MBGB06:

• PUNB0MBGB indicates the Bihar Gramin Bank (specifically the former Madhya Bihar Gramin Bank’s network).
• 0 is the control digit.
• 06 is the unique code for the NANAND branch.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you conduct online money transfers. Here’s how it typically works for NEFT, RTGS, and IMPS:

1. Log In to Your Bank’s Online Portal or App: Access your net banking account or mobile banking application.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary Details: If you’re sending money to a new recipient, you’ll need to add them as a beneficiary. This involves providing:
   • Beneficiary’s Name
   • Beneficiary’s Account Number (you’ll usually need to enter this twice for confirmation)
   • Bank Name (e.g., Bihar Gramin Bank)
   • IFSC Code: PUNB0MBGB06 for the NANAND branch
   • Account Type (Savings, Current, etc.)

   For example, if you’re sending money to someone with an account at the NANAND branch, you would carefully enter PUNB0MBGB06 in the IFSC field.

4. Enter Amount and Confirm: Once the beneficiary is added and approved (which can take a few minutes for NEFT/RTGS), you can select them, enter the amount you wish to transfer, and confirm the transaction using your password or OTP.

Always double-check the IFSC code and account number before confirming any transaction to avoid errors.

Benefits of Knowing Your IFSC Code

• Accurate Fund Transfers: It ensures your money reaches the correct bank and branch, preventing delays or misdirected funds.
• Faster Online Transactions: Essential for using NEFT, RTGS, and IMPS for quick and efficient money transfers.
• Receiving Funds: If someone needs to send you money, you provide them with your account number and the correct IFSC code for your branch.
• Mandatory for Digital Payments: Most online payment gateways and digital wallets require the IFSC for bank-to-bank transfers.
• Enhanced Security: The unique code adds an extra layer of verification, reducing the chances of fraudulent transactions.

Contact Information

• Branch Phone Number (NANAND): 9771464178
• Branch Address (NANAND): NANAND, Nalanda, 803126
• 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 valid for all Bihar Gramin Bank branches?
A1: No, the last six characters of the IFSC code are unique to each branch. While PUNB0MBGB identifies branches that were part of the former Madhya Bihar Gramin Bank network under Bihar Gramin Bank, the full 11-character code, like PUNB0MBGB06, is specific to the NANAND branch. Always verify the exact IFSC code for the specific branch you intend to transact with.

Q2: What should I do if I entered an incorrect IFSC code during a transfer?
A2: If the IFSC code or account number is incorrect, the transaction will usually fail and the amount will be reversed to your account within a few hours or a working day. However, if the incorrect IFSC code points to a valid account in a different branch or bank, the money might be transferred there. In such a case, contact your bank immediately with transaction details to seek assistance.

Q3: Can I find the IFSC code on my bank passbook or chequebook?
A3: Yes, the IFSC code is typically printed on your bank passbook. You can usually find it on the first page. For chequebooks, the IFSC code is often printed on each cheque leaf, next to your account number and MICR code.

Q4: What is the difference between IFSC and MICR codes?
A4: Both are bank codes but serve different purposes. The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for online fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit numeric code primarily used for processing cheques. It helps identify the bank, city, and branch for cheque clearing.

Q5: Is the 5th character of the IFSC code always zero?
A5: Yes, the fifth character of every IFSC code is always zero (0). It is a reserved character, often called a control digit, for future use by the Reserve Bank of India.