Bihar Gramin Bank PAITHANA IFSC Code

If you need to send or receive money electronically to or from the Bihar Gramin Bank branch in PAITHANA, Nalanda, Bihar, you’ll need its Indian Financial System Code (IFSC). This unique 11-character code is vital for all online fund transfers, including NEFT, RTGS, and IMPS. It ensures your money reaches the correct bank and specific branch without error.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	PAITHANA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7185
Branch Address	PAITHANA, Nalanda, 801301, 9771464185
Contact Number	9771464185
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	801301
State	Bihar

Merger Update

For customers of Bihar Gramin Bank, it is important to know about a significant merger. Both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form the current Bihar Gramin Bank. As a result of this merger, all branches, including the PAITHANA branch, now use a single, unified IFSC code: PUNB0MBGB06. This code is sponsored by Punjab National Bank.

This means that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. To ensure your funds are transferred successfully, always use the new and current IFSC code PUNB0MBGB06 for any electronic fund transfers to or from the PAITHANA branch of Bihar Gramin Bank.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in online money transfers. It’s designed to make sure that funds go to the correct branch when you send money using systems like NEFT, RTGS, or IMPS.

The code follows a specific structure:

• The first four characters identify the bank. For the PAITHANA branch’s IFSC code PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This character is reserved for future use.
• The last six characters identify the specific branch. For PUNB0MBGB06, “MBGB06” uniquely points to the PAITHANA branch of Bihar Gramin Bank.

How to Use IFSC Code

Using an IFSC code is straightforward when you’re making an online fund transfer. Here’s a general guide for NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service):

1. Log in to your Net Banking or Mobile Banking App: Access your bank account online or through your mobile device.
2. Go to the Fund Transfer Section: Look for options like “Fund Transfer,” “Send Money,” or “Payments.”
3. Add a New Beneficiary: If you haven’t sent money to this account before, you’ll need to add the recipient as a “beneficiary” or “payee.”
4. Enter Beneficiary Details: You’ll need the following information for the recipient:
   • Recipient’s Account Number
   • Recipient’s Account Holder Name
   • Bank Name (Bihar Gramin Bank)
   • Branch Name (PAITHANA)
   • IFSC Code (PUNB0MBGB06)
5. Confirm Details: Double-check all the information you’ve entered, especially the account number and IFSC code, to avoid errors.
6. Choose Transfer Type and Amount: Select NEFT, RTGS, or IMPS based on the amount and urgency of the transfer. Enter the amount you wish to send.
7. Authorize Payment: Complete the transaction by entering your password or OTP (One Time Password) as required by your bank.

For NEFT and RTGS, transfers are processed in batches or continuously during banking hours. IMPS offers instant transfers 24/7.

Benefits of Knowing Your IFSC Code

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

• Accuracy in Fund Transfers: It ensures your money reaches the precise bank and branch, preventing misdirection of funds.
• Faster Transactions: With the correct IFSC, online transfers via NEFT, RTGS, and IMPS are processed quickly and efficiently.
• Reduced Errors: It minimizes the chances of errors that could delay or even lose your money during electronic transactions.
• Essential for Online Banking: The IFSC code is a mandatory detail for almost all online financial transactions, including bill payments and merchant payments.
• Security: It adds an extra layer of security by uniquely identifying the destination of the funds.

Contact Section

For inquiries regarding the Bihar Gramin Bank PAITHANA branch or other general banking services, you can use the following contact details:

• Branch Phone Number: 9771464185
• Branch Address: PAITHANA, Nalanda, 801301, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code for Bihar Gramin Bank PAITHANA permanent?

Yes, the IFSC code PUNB0MBGB06 is a permanent identifier for the Bihar Gramin Bank PAITHANA branch. It will remain valid unless there are major structural changes within the bank or a new merger, which would be communicated widely by the bank and RBI.

Q2: Can I use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code for PAITHANA?

No, you cannot. After the merger of UBGB and DBGB to form Bihar Gramin Bank, all old IFSC codes from these former banks have been revoked. You must use the new and unified IFSC code, PUNB0MBGB06, for all electronic transactions to the PAITHANA branch.

Q3: What happens if I use the wrong IFSC code during a transaction?

If you use an incorrect IFSC code, the transaction will typically fail. The money will not be debited from your account or will be refunded to you. However, if the incorrect IFSC code corresponds to a valid, different branch or bank, there’s a risk your money could be sent to the wrong account. Always double-check the IFSC code and account number carefully.

Q4: Is the IFSC code the same as the MICR code?

No, the IFSC code and MICR code are different. The IFSC code (Indian Financial System Code) is used for online fund transfers (NEFT, RTGS, IMPS). The MICR code (Magnetic Ink Character Recognition) is a 9-digit numerical code used mainly for processing cheques. While both identify a bank branch, they serve different purposes.

Q5: Where else can I find the IFSC code for Bihar Gramin Bank PAITHANA?

You can find the IFSC code on your cheque book issued by Bihar Gramin Bank, on your bank passbook, or by logging into your internet banking portal. Many banks also list their branch IFSC codes on their official websites. Reputable financial websites also provide verified IFSC codes.