Bihar Gramin Bank PAWAPURI MOR IFSC Code

The PAWAPURI MOR branch of Bihar Gramin Bank, located in Nalanda, Bihar, plays a key role in facilitating modern banking services for the local community. To ensure smooth and secure digital fund transfers, understanding and using the correct Indian Financial System Code (IFSC) is essential. The IFSC code is a unique identifier required for online transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without this code, transferring money between different banks digitally would not be possible.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	PAWAPURI MOR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7410
Branch Address	PAWAPURI MOR, Nalanda, 803115, 9771464410
Contact Number	9771464410
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803115
State	Bihar

Merger Update

Bihar Gramin Bank was formed by the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). While this specific PAWAPURI MOR branch operates under the Bihar Gramin Bank name, its digital fund transfers are processed using the IFSC code PUNB0MBGB06. This code reflects its connection to the regional rural bank structure sponsored by Punjab National Bank. It is crucial to understand that all old IFSC codes previously associated with UBGB or DBGB are now invalid. For any transaction to this PAWAPURI MOR branch, only the unified IFSC code, PUNB0MBGB06, is currently valid.

What is an IFSC Code?

The IFSC Code is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers within India. This code is crucial for directing your money to the correct recipient bank and branch.

The structure of an IFSC code is simple:

• The first four characters represent the bank name. For instance, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for this regional rural bank.
• The fifth character is always ‘0’ (zero). This is reserved for future use and helps distinguish between different parts of the code.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely points to the PAWAPURI MOR branch under the Madhya Bihar Gramin Bank framework.

This organized structure ensures that every transaction is routed to the exact branch intended, minimizing errors in the transfer process.

How to Use an IFSC Code

Using the IFSC code is straightforward when you want to send money digitally. Here’s how it works for common transfer methods:

• For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement): When initiating a transfer through your bank’s online portal or mobile app, you will need to provide the beneficiary’s (recipient’s) full name, their bank account number, and the correct IFSC code for their branch. For example, to send money to the PAWAPURI MOR branch, you would enter PUNB0MBGB06.
• For IMPS (Immediate Payment Service): Similar to NEFT/RTGS, IMPS transactions also require the beneficiary’s account number and IFSC code for instant transfers.

Always double-check the IFSC code along with the account number and name before confirming any transaction. A single incorrect digit can lead to the transaction failing or, in rare cases, sending money to the wrong account.

Benefits of Knowing the IFSC Code

Having the correct IFSC code provides several important benefits for banking operations:

• Facilitates Digital Transfers: It is mandatory for online fund transfers like NEFT, RTGS, and IMPS, enabling fast and efficient money movement.
• Ensures Accuracy: The unique code helps route funds to the exact intended branch, reducing the chances of errors and misdirected payments.
• Streamlines Transactions: With the correct IFSC, transactions are processed quickly, saving time compared to traditional methods like cheques.
• Supports Various Services: Beyond fund transfers, the IFSC code is often needed for setting up standing instructions, registering for various payment services, or managing loan repayments.
• Enhances Security: By precisely identifying the destination branch, the IFSC code adds a layer of security to electronic transactions, ensuring your money reaches the right place.

Contact Information

For inquiries or assistance regarding the Bihar Gramin Bank, PAWAPURI MOR branch:

• Branch Phone Number: 9771464410
• Branch Address: PAWAPURI MOR, Nalanda, 803115
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: Why is the IFSC code important for this branch?
The IFSC code PUNB0MBGB06 is vital for the PAWAPURI MOR branch as it allows customers and others to send and receive money digitally through NEFT, RTGS, and IMPS. It uniquely identifies this specific branch within the Indian banking system for electronic transfers.

Q2: Can I use an old IFSC code for a transfer to this branch?
No, it is crucial to use only the current IFSC code, PUNB0MBGB06, for any transactions to the PAWAPURI MOR branch. Old IFSC codes associated with former regional rural banks or earlier structures have been revoked and will cause your transaction to fail.

Q3: What should I do if my transaction fails due to an incorrect IFSC?
If your transaction fails because of an incorrect IFSC code, the money will typically be reversed to your account within a few hours or business days. You should then re-initiate the transfer using the correct IFSC code, PUNB0MBGB06, and verify all other beneficiary details.

Q4: Is the MICR code also important?
Yes, the MICR (Magnetic Ink Character Recognition) code, 800811002, is also important, primarily for processing physical cheques. It helps in quickly clearing cheques by uniquely identifying the bank and branch. While not used for online fund transfers, it’s essential for cheque-based transactions.

Q5: How can I confirm the correct IFSC code?
You can confirm the correct IFSC code by checking the bank’s official website, the front page of your cheque book, your bank passbook, or by contacting the branch directly at 9771464410. Always verify the code before making any significant digital transfer.