Bihar Gramin Bank NARSANDA IFSC Code

This article focuses on the Bihar Gramin Bank branch located in NARSANDA, Nalanda, Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is crucial for secure and accurate online fund transfers. Whether you are sending or receiving money through services like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the correct IFSC code ensures your transaction reaches the right destination. It acts as a unique identifier for each bank branch, preventing errors in financial transfers.

Branch Details

Here are the key details for the Bihar Gramin Bank, NARSANDA branch:

Bank Name	Bihar Gramin Bank
Branch Name	NARSANDA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7180
Branch Address	NARSANDA, Nalanda, 803108, 9771464180
Contact Number	9771464180
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803108
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both now operate as a single entity. As part of this integration and its sponsorship by Punjab National Bank, all branches, including the NARSANDA branch, now use a unified IFSC code structure. The new IFSC codes for Bihar Gramin Bank branches begin with “PUNB0”. This means that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked. For any transactions involving the NARSANDA branch, only the new IFSC code, PUNB0MBGB06, is valid. Using an old or incorrect code will result in transaction failure.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in online financial transactions. The code is structured in a specific way:

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

This structured format helps in routing transactions accurately to the intended bank and branch.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you conduct online fund transfers through NEFT, RTGS, or IMPS. Here’s a general guide:

1. Log in to your Net Banking or Mobile Banking app: Access your bank account online.
2. Select the type of transfer: Choose between NEFT, RTGS, or IMPS, depending on your urgency and transaction amount.
3. Add Beneficiary Details: If you’re sending money to a new recipient, you’ll first need to add them as a beneficiary. This usually involves providing:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Confirm Beneficiary’s Account Number
   • Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary’s Branch Name (e.g., NARSANDA)
   • The crucial IFSC Code (PUNB0MBGB06 for NARSANDA branch)
4. Initiate Transfer: Once the beneficiary is added (or if they are already saved), select their name, enter the amount you wish to transfer, and confirm the transaction.

Always double-check the IFSC code and account number before confirming any transfer to avoid sending money to the wrong person.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, NARSANDA branch, offers several advantages:

• Accurate Fund Transfers: Ensures your money reaches the correct branch and account without delays or rejections.
• Faster Processing: Correct IFSC codes help in quick routing of NEFT and RTGS transactions.
• Enhanced Security: Reduces the risk of fraudulent transfers by accurately identifying the destination branch.
• Convenience: Facilitates seamless online banking, allowing you to send and receive money from anywhere, at any time.
• Compliance: It’s a mandatory requirement for all major electronic fund transfer systems in India (NEFT, RTGS, IMPS).

Contact Information

For inquiries related to the NARSANDA branch or general banking services, you can use the following contact details:

• Branch Phone Number: 9771464180
• Branch Address: NARSANDA, Nalanda, 803108, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What happens if I use an old IFSC code for Bihar Gramin Bank?

If you use an old or revoked IFSC code, your transaction will likely fail or be rejected by the bank’s system. It is crucial to use only the current and valid IFSC code, which is PUNB0MBGB06 for the NARSANDA branch.

Q2: Is the IFSC code the same as the MICR code?

No, the IFSC code and MICR (Magnetic Ink Character Recognition) code are different. The IFSC code is used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR code, on the other hand, is a 9-digit numerical code printed on cheque leaves and is primarily used for processing cheques.

Q3: How can I find the IFSC code for another Bihar Gramin Bank branch?

You can find the IFSC code for other branches by visiting the official Bihar Gramin Bank website, using online banking portals, checking your cheque book, or using various reliable third-party financial websites that provide IFSC code lookup services. Always cross-verify the information.

Q4: Is an IFSC code mandatory for all types of transactions?

An IFSC code is mandatory for all electronic fund transfers within India, specifically NEFT, RTGS, and IMPS. For cash deposits or withdrawals directly at a branch, or for international wire transfers (which use SWIFT codes), an IFSC code might not be directly required at that specific step, but it is integral to the overall system.

Q5: What is the main difference between NEFT and RTGS?

The main difference lies in the settlement time and minimum transaction amount. NEFT (National Electronic Funds Transfer) processes transactions in batches, typically every half hour, and has no minimum limit. RTGS (Real Time Gross Settlement) settles transactions individually and continuously, meaning funds are transferred almost immediately. RTGS is generally used for large-value transactions, with a minimum transfer amount of ₹2,00,000.