Bihar Gramin Bank RAM BHAWAN IFSC Code

The Bihar Gramin Bank has a branch located at RAM BHAWAN in Nalanda, Bihar. For anyone looking to transfer money electronically, such as through NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) for this branch is crucial. This unique code ensures your funds reach the intended recipient’s bank and branch without errors, making online transactions smooth and secure.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	RAM BHAWAN
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7191
Branch Address	RAM BHAWAN, Nalanda, 801301
Contact Number	9771464191
City	Nalanda
District	Nalanda
Pincode	801301
State	Bihar

Merger Update

Bihar Gramin Bank, including its RAM BHAWAN branch, is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. This bank was formed from the merger of the erstwhile Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, all branches now operate under a unified structure and common IFSC codes designated by Punjab National Bank.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. For the RAM BHAWAN branch of Bihar Gramin Bank, the only valid IFSC code to use for all financial transfers is PUNB0MBGB06. Using any outdated code will result in transaction failures.

What is an IFSC Code?

An IFSC, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers in India. It acts like a digital address for a specific bank branch.

The code follows a standard structure:

• The first four characters represent the bank name. For the RAM BHAWAN branch’s IFSC code, PUNB signifies Punjab National Bank, which is the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, MBGB06 points to the RAM BHAWAN branch of Bihar Gramin Bank.

Understanding this structure helps you verify the code and ensure you’re using the correct one for your transactions.

How to Use the IFSC Code

When you want to send money online using services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), you’ll need the recipient’s bank account details along with their branch’s IFSC code. Here’s how it generally works:

1. Log in to your net banking account or mobile banking app: Access the fund transfer section.
2. Select the type of transfer: Choose NEFT, RTGS, or IMPS based on your urgency and transaction amount.
3. Add a new beneficiary: If the recipient is new, you’ll need to add them as a beneficiary. This process usually involves providing:
   • The recipient’s full name.
   • Their account number.
   • Their bank’s name (Bihar Gramin Bank).
   • Their branch’s name (RAM BHAWAN).
   • The IFSC Code (PUNB0MBGB06).
4. Verify details: After entering the IFSC code, your bank’s system will often automatically populate the bank and branch name, allowing you to cross-check.
5. Enter the amount and complete the transaction: Once all details are verified, proceed to enter the amount you wish to transfer and confirm the transaction.

Using the correct IFSC code ensures that your money is routed accurately to the intended branch and account.

Benefits of Knowing Your IFSC Code

Understanding and having access to the correct IFSC code for your bank branch offers several key advantages:

• It is essential for initiating and receiving online fund transfers through NEFT, RTGS, and IMPS.
• It helps route your funds to the specific branch and bank correctly, minimizing the risk of errors or delays.
• It enhances the security of your transactions by ensuring funds are directed to a verified bank branch.
• It speeds up the processing of electronic transfers, as the code automates the identification of the recipient’s branch.
• It is often required for various financial activities, including setting up UPI payments or linking accounts with third-party financial services.

Contact Information

For any inquiries related to the Bihar Gramin Bank RAM BHAWAN branch, you can use the following contact details:

• Branch Phone Number: 9771464191
• Branch Address: RAM BHAWAN, Nalanda, Pincode-801301, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the correct IFSC code for the Bihar Gramin Bank RAM BHAWAN branch?

A1: The correct IFSC code for the Bihar Gramin Bank RAM BHAWAN branch is PUNB0MBGB06.

Q2: Is the MICR code important for transactions at this branch?

A2: Yes, the MICR (Magnetic Ink Character Recognition) code, which is 800811002 for this branch, is mainly used for clearing physical cheques. It helps in the automated processing of cheques, ensuring they are debited and credited to the correct accounts.

Q3: Can I still use an old IFSC code if my account was previously with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?

A3: No, after the merger, all old IFSC codes of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new, unified IFSC code PUNB0MBGB06 for all transactions involving the RAM BHAWAN branch of Bihar Gramin Bank.

Q4: What types of transactions require an IFSC code?

A4: An IFSC code is required for all electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It’s also often needed when setting up online payment gateways or linking your bank account to various financial apps.

Q5: How can I verify the IFSC code if I’m unsure?

A5: You can verify the IFSC code in several ways: check your bank’s passbook or cheque book, visit the official website of Bihar Gramin Bank or Punjab National Bank, or directly contact the RAM BHAWAN branch or the bank’s customer service via the provided contact numbers.