Bihar Gramin Bank NIZAI IFSC Code

The Bihar Gramin Bank branch located in NIZAI, Nalanda, Bihar, plays an important role for the local community. When you need to send or receive money electronically, especially through systems like NEFT, RTGS, or IMPS, you’ll need a unique code to ensure your funds reach the right bank and branch. This specific code is called the Indian Financial System Code, or IFSC. It acts like a digital address, making sure your money goes exactly where you intend it to, quickly and securely.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	NIZAI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7183
Branch Address	NIZAI, Nalanda, 803107
Contact Number	9771464183
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803107
State	Bihar

Merger Update

The banking landscape for Regional Rural Banks (RRBs) in Bihar has seen significant consolidation over time. The bank currently known as Bihar Gramin Bank is a result of several mergers and consolidations, sponsored by Punjab National Bank (PNB). Specifically, the erstwhile Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), along with other regional rural banks like Madhya Bihar Gramin Bank, have been amalgamated into a larger entity.

As a result of these mergers, a unified IFSC code system has been adopted for the new consolidated entity under the sponsorship of Punjab National Bank. Therefore, for all branches that now fall under Bihar Gramin Bank, including NIZAI, the valid IFSC code is PUNB0MBGB06. If a branch previously belonged to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, any old IFSC codes associated with those former entities are now revoked and are no longer valid for transactions. Always use the new, consolidated IFSC code, PUNB0MBGB06, for all your fund transfers to ensure they are processed correctly.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It’s used to uniquely identify every bank branch participating in online money transfers in India. Let’s break down its structure using the example of PUNB0MBGB06:

• The first four characters identify the bank. In this case, PUNB stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is kept for future use, acting as a control character.
• The last six characters identify the specific branch. Here, MBGB06 points to the NIZAI branch of Bihar Gramin Bank. Each branch has its own unique six-character identifier.

This standardized structure ensures that every branch in the country has a distinct digital identity, which is crucial for the accuracy and security of electronic fund transfers.

How to Use an IFSC Code

Using the correct IFSC code is essential for any electronic fund transfer. Here’s how it’s typically used in different payment systems:

1. NEFT (National Electronic Funds Transfer): This system allows you to transfer money from one bank account to another across India. When initiating an NEFT transaction, you will need to provide the beneficiary’s name, their bank account number, the bank’s name (Bihar Gramin Bank), and the correct IFSC code (PUNB0MBGB06) for the NIZAI branch.
2. RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically for amounts of 2 lakh rupees and above. The process is similar to NEFT; you’ll need the beneficiary’s name, account number, the bank’s name, and the specific IFSC code (PUNB0MBGB06) of their branch to ensure the funds are settled in real-time.
3. IMPS (Immediate Payment Service): IMPS offers instant 24/7 interbank electronic fund transfers. For IMPS, you’ll generally need the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code. Using the IFSC code (PUNB0MBGB06) is a reliable way to ensure the immediate transfer of funds to the correct NIZAI branch account.

Always double-check the IFSC code and account details before confirming any transaction. A small error can lead to delays or, in some cases, funds being transferred to the wrong account.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code readily available offers several advantages:

• Ensures Accurate Transfers: It guarantees that your money reaches the intended bank and specific branch, preventing misdirected funds.
• Facilitates Online Transactions: The IFSC code is mandatory for setting up beneficiaries and initiating all major electronic fund transfers like NEFT, RTGS, and IMPS through internet banking or mobile banking apps.
• Faster Processing: With the correct IFSC, banks can quickly route and process your transactions, leading to faster credit to the beneficiary’s account.
• Standardized System: It provides a universal and standardized method for identifying bank branches across the Indian financial system, simplifying interbank operations.
• Security: By uniquely identifying each branch, it adds a layer of security to electronic transactions, reducing the risk of fraud or errors.

Contact Information

If you need to get in touch with the bank, here are the relevant contact details:

• NIZAI Branch Phone Number: 9771464183
• NIZAI Branch Address: NIZAI, Nalanda, 803107
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Care Number: 18001807777

Frequently Asked Questions (FAQs)

What does PUNB0MBGB06 specifically mean?

In PUNB0MBGB06, “PUNB” indicates Punjab National Bank, which is the sponsor bank. The “0” is a control digit. “MBGB06” uniquely identifies this particular branch, NIZAI, within the Bihar Gramin Bank network. The “MBGB” part is a historical identifier from one of the predecessor banks, Madhya Bihar Gramin Bank, now part of the consolidated Bihar Gramin Bank.

Is the IFSC code required for all bank transfers?

Yes, the IFSC code is a mandatory requirement for all electronic fund transfers within India, including NEFT, RTGS, and IMPS. It helps the banking system route your money to the correct beneficiary bank and branch without any manual intervention.

Can I still use an old IFSC code if my branch was previously part of Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?

No, if your branch now falls under the unified Bihar Gramin Bank, any old IFSC codes from previous entities like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. You must use the new, consolidated IFSC code, PUNB0MBGB06, for all transactions to the NIZAI branch and other Bihar Gramin Bank branches under this system.

What happens if I enter the wrong IFSC code during a transaction?

If you enter an incorrect IFSC code, your transaction is likely to fail, and the funds will not be transferred. In some rare cases, if the incorrect IFSC code happens to match another valid branch, your funds could be transferred to the wrong account. It is critical to always double-check the IFSC code to avoid such issues and ensure your money reaches the intended recipient.

How can I find the IFSC code for other Bihar Gramin Bank branches?

You can find the IFSC code for other Bihar Gramin Bank branches through several reliable sources. These include the bank’s official website, your bank passbook or checkbook, or by using the net banking or mobile banking application. You can also contact the branch directly or use the bank’s toll-free customer care number.