Bihar Gramin Bank ONDA IFSC Code

The Bihar Gramin Bank branch in ONDA, located in the Nalanda district of Bihar, plays a vital role in local banking. To ensure smooth and secure electronic fund transfers, understanding its Indian Financial System Code (IFSC) is essential. Whether you’re sending money via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC acts as a unique identifier, directing your funds to the correct bank and branch.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	ONDA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7486
Branch Address	ONDA, Nalanda, 803107
Contact Number	7781004486
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803107
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed through the merger of two other regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger brought these institutions under the umbrella of a single sponsor bank, Punjab National Bank. As a result, all branches that previously belonged to UBGB or DBGB, including the ONDA branch, now operate under the common IFSC code: PUNB0MBGB06.

It is crucial to note that any old IFSC codes previously used for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are now obsolete and have been revoked. For any electronic transactions to Bihar Gramin Bank, including the ONDA branch, you must use PUNB0MBGB06. Using an old or incorrect IFSC code will lead to transaction failure and potential delays in your fund transfer.

What is an IFSC Code?

The IFSC, or Indian Financial System Code, is a unique 11-character alpha-numeric code used to identify bank branches participating in electronic fund transfers across India. It acts like a digital address for each specific branch.

The structure of an IFSC code is simple to understand:

• The first four characters identify the bank. For example, in 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 helps distinguish the bank code from the branch code.
• The last six characters uniquely identify the specific bank branch. In PUNB0MBGB06, “MBGB06” refers to the ONDA branch.

This standardized system ensures that when you initiate a transfer, your money is accurately routed to the intended bank and branch, even if there are multiple branches of the same bank.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are transferring money electronically through NEFT, RTGS, or IMPS. Here’s a general step-by-step guide:

1. Log In: Access your internet banking portal or mobile banking application.
2. Add Beneficiary: If you haven’t already, add the recipient as a new beneficiary or payee. This usually involves providing their full name, account number, and the bank’s name.
3. Enter IFSC Code: Carefully enter the correct IFSC code for the recipient’s branch. For the Bihar Gramin Bank ONDA branch, this is PUNB0MBGB06.
4. Select Transfer Type: Choose the desired fund transfer method (NEFT, RTGS, or IMPS).
5. Enter Amount: Specify the amount you wish to transfer.
6. Review and Confirm: Double-check all the details you’ve entered, especially the account number and IFSC code. Errors can cause delays or even misdirection of funds. Confirm the transaction.

The IFSC code is a critical piece of information that complements the account number. While the account number identifies the specific account, the IFSC code ensures the money arrives at the correct branch of that bank.

Benefits of Knowing the IFSC Code

Understanding and having the correct IFSC code provides several key advantages for financial transactions:

• Accuracy in Transfers: It ensures your funds are directed precisely to the intended bank branch, minimizing the risk of errors or bounced transactions.
• Faster Processing: Electronic transfers like NEFT and RTGS rely on the IFSC for quick routing, leading to faster credit to the beneficiary’s account.
• Enhanced Security: The unique identification helps prevent fraudulent transactions by linking the transfer to a specific, verifiable branch.
• Convenience: It enables seamless online banking, allowing you to transfer funds from anywhere at any time without needing to visit a physical bank branch.
• Standardization: The uniform 11-character format across all Indian banks simplifies the process of sending and receiving money, making it user-friendly.

Contact Information

For any queries related to the ONDA branch of Bihar Gramin Bank, or for general assistance, you can use the following contact details:

• Branch Phone Number (ONDA): 7781004486
• Branch Address (ONDA): ONDA, Nalanda, 803107
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Customer Care): 18001807777

Frequently Asked Questions (FAQs)

Q1: What happens if I use an incorrect IFSC code for a transaction?
A1: If you enter an incorrect IFSC code, your transaction will likely fail. The system will not be able to find a matching branch for the specified code. The funds will usually be returned to your account within a few hours or a business day. It’s crucial to always verify the IFSC code to avoid delays.

Q2: Can I find the IFSC code on my passbook or chequebook?
A2: Yes, the IFSC code for your specific branch is typically printed on the front page of your bank passbook. It is also found on the top portion of a cheque leaf issued by your bank.

Q3: Is an IFSC code required for cash deposits at a bank branch?
A3: No, an IFSC code is not required for cash deposits made directly at a bank branch counter. The IFSC code is specifically for electronic fund transfers like NEFT, RTGS, and IMPS, where funds are moved between different bank branches electronically.

Q4: Why does the IFSC code for Bihar Gramin Bank start with “PUNB”?
A4: The “PUNB” prefix indicates that Punjab National Bank is the sponsor bank for Bihar Gramin Bank. Regional Rural Banks (RRBs) like Bihar Gramin Bank operate under the sponsorship of a larger commercial bank. This prefix helps in correctly routing transactions through the national electronic payment systems.

Q5: What is the difference between an IFSC code and a MICR code?
A5: Both are codes used for bank transactions, but they serve different purposes. The IFSC (Indian Financial System Code) is an 11-character alpha-numeric code primarily used for electronic fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code found on cheques, used specifically for processing cheques. It helps in quickly clearing cheques by machine reading the numbers printed with magnetic ink.