The Bihar Gramin Bank branch in PANDITPUR(RAJGIR BAZAR) is located in the Nalanda district of Bihar, India. When you need to send money electronically to or from this branch, whether through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), an IFSC code is essential. This unique code ensures your funds reach the correct bank and branch without errors, making your transactions secure and efficient.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | PANDITPUR(RAJGIR BAZAR) |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7186 |
| Branch Address | PANDITPUR(RAJGIR BAZAR), Nalanda, 803116, 9771464186 |
| Contact Number | 9771464186 |
| City | Nalanda |
| District | Nalanda |
| Reason | BIHARSHARIF |
| Pincode | 803116 |
| State | Bihar |
Merger Update
Many Regional Rural Banks (RRBs) in Bihar, including entities that were part of or similar to the former Bihar Gramin Bank, have undergone significant mergers. These merged banks now operate under the sponsorship of Punjab National Bank. As a result, the PANDITPUR(RARAJ GIR BAZAR) branch, like others from the merged entities, uses the unified IFSC code PUNB0MBGB06. This code reflects the new organizational structure. It is very important to understand that any old IFSC codes previously associated with Bihar Gramin Bank or its predecessor banks are no longer valid for transactions. Always use the current code, PUNB0MBGB06, for all your financial transfers to this branch.
What is an IFSC Code?
The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify all bank branches participating in electronic fund transfers in India. Each character plays a specific role:
- The first four characters represent the bank name. In the case of PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for the merged rural bank entity.
- The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
- The last six characters identify the specific branch. For the PANDITPUR(RAJGIR BAZAR) branch, “MBGB06” is the unique branch identifier within the merged bank structure.
Knowing this structure helps you quickly confirm you have the right code for your transaction.
How to Use the IFSC Code
Using the IFSC code is a straightforward process for various online money transfers:
- For NEFT (National Electronic Funds Transfer): When setting up a new beneficiary or initiating a transfer via NEFT, you will be prompted to enter the beneficiary’s bank name, account number, and the IFSC code (PUNB0MBGB06 for this branch). NEFT transactions are processed in batches during specific banking hours.
- For RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically ₹2 lakh and above. Similar to NEFT, you provide the beneficiary’s bank details, account number, and the IFSC code. RTGS transactions are processed individually and in real-time.
- For IMPS (Immediate Payment Service): IMPS allows for instant money transfers 24/7. When using IMPS, you will typically need the beneficiary’s account number and IFSC code (PUNB0MBGB06), or their mobile number and MMID (Mobile Money Identifier).
Always double-check the IFSC code, account number, and beneficiary name before confirming any transfer to avoid errors.
Benefits of Knowing the IFSC Code
Having the correct IFSC code at hand offers several advantages:
- Secure Transfers: It ensures your money goes to the correct bank and branch, reducing the risk of funds being misdirected.
- Faster Processing: Accurate IFSC codes streamline the electronic transfer process, leading to quicker crediting of funds to the beneficiary’s account.
- Unique Identification: Each branch has a unique code, making it easy to identify and route transactions precisely.
- Reduced Errors: Using the correct code minimizes manual errors that can occur with traditional methods like cheque clearing.
Contact Information
If you need to get in touch with the bank, here are the details:
- Branch Phone Number: 9771464186
- Branch Address: PANDITPUR(RAJGIR BAZAR), Nalanda, 803116, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
Q1: What is the IFSC code for Bihar Gramin Bank PANDITPUR(RAJGIR BAZAR) branch?
A1: The IFSC code for this branch is PUNB0MBGB06. You should use this code for all electronic fund transfers.
Q2: Why does the IFSC code start with “PUNB” instead of “BIHAR”?
A2: The “PUNB” prefix indicates that the bank now operates under the sponsorship of Punjab National Bank, following a merger of several Regional Rural Banks in Bihar. This is the standard practice for merged entities sponsored by PNB.
Q3: Can I still use an old IFSC code for Bihar Gramin Bank for transfers?
A3: No, old IFSC codes for Bihar Gramin Bank or its predecessor entities are no longer valid. You must use the current IFSC code, PUNB0MBGB06, for all electronic transactions to ensure they are processed successfully.
Q4: Is the MICR code important for online transfers like NEFT or IMPS?
A4: The MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. While it’s part of the branch details, it is generally not required for online electronic fund transfers like NEFT, RTGS, or IMPS, which rely on the IFSC code and account number.
Q5: How can I verify that PUNB0MBGB06 is the correct IFSC code?
A5: You can confirm the IFSC code by checking the bank’s official website, your bank passbook, or by contacting the branch directly using the provided phone number. Always verify before initiating a significant transfer.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.