Bihar Gramin Bank RAMCHANDRAPUR IFSC Code

If you’re looking to send or receive money to or from the Bihar Gramin Bank branch in RAMCHANDRAPUR, Nalanda, understanding the Indian Financial System Code (IFSC) is essential. This unique code acts like a digital address, ensuring your funds reach the exact bank and branch you intend. It’s especially crucial for electronic transactions such as National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS), making sure your money moves quickly and securely without errors.

Branch Details

Here are the key details for the Bihar Gramin Bank branch located in RAMCHANDRAPUR, Nalanda:

Bank Name	Bihar Gramin Bank
Branch Name	RAMCHANDRAPUR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7192
Branch Address	RAMCHANDRAPUR, Nalanda, 803101
Contact Number	9771464192
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803101
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks are sponsored by Punjab National Bank (PNB). Due to this merger, and PNB’s sponsorship, all branches of Bihar Gramin Bank now operate under a unified system. This means that any old IFSC codes previously used for UBGB or DBGB branches have been revoked and are no longer valid for transactions.

For any electronic fund transfers to or from the Bihar Gramin Bank RAMCHANDRAPUR branch, you must use the new, single IFSC code: PUNB0MBGB06. Using any old or incorrect IFSC code will result in failed transactions.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an eleven-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers across India. This code is crucial for the secure and accurate routing of funds through NEFT, RTGS, and IMPS systems.

The structure of an IFSC code is specific:

• The first four characters represent the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely points to the RAMCHANDRAPUR branch of Bihar Gramin Bank within the PNB network.

How to Use an IFSC Code

Using an IFSC code for electronic fund transfers is straightforward. When you initiate an online transaction via NEFT, RTGS, or IMPS, you’ll typically follow these steps:

1. Log in to your bank’s online platform: This could be through net banking on a computer or your bank’s mobile app.
2. Navigate to the fund transfer section: Look for options like “Add Beneficiary,” “Send Money,” or “Funds Transfer.”
3. Add the beneficiary’s details: You will need to enter the recipient’s information, including:
   • Beneficiary Name (the account holder’s full name)
   • Beneficiary Account Number
   • Confirm Beneficiary Account Number
   • Account Type (Savings, Current, etc.)
   • The correct IFSC Code (e.g., PUNB0MBGB06 for Bihar Gramin Bank, RAMCHANDRAPUR)
4. Enter the amount: Specify how much money you wish to transfer.
5. Select transfer type: Choose NEFT, RTGS, or IMPS based on your urgency and the transaction amount.
6. Confirm and authorize: Review all details carefully before confirming the transaction. You might need to enter a One-Time Password (OTP) or use a transaction password for authorization.

Always double-check the IFSC code and account number. An incorrect IFSC code could cause your transaction to fail or, in rare cases, send money to the wrong account.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code at hand offers several advantages for financial transactions:

• Accurate Fund Transfers: Ensures that money is routed to the exact bank branch intended, minimizing errors.
• Faster Processing: Facilitates quick and efficient processing of NEFT, RTGS, and IMPS transactions, allowing funds to be credited faster.
• Enables Digital Banking: Essential for conducting various online banking activities, including bill payments, online shopping, and interbank transfers.
• Standardized System: Provides a uniform method for identifying bank branches across the entire Indian banking network.
• Security: Adds an extra layer of security by requiring a precise identification code for each transaction.
• Convenience: Makes it easier to transfer funds to beneficiaries at different banks without needing to visit a physical branch.

Contact Information

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

• Branch Phone Number: 9771464192
• Branch Address: RAMCHANDRAPUR, Nalanda, 803101
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are answers to some common questions about Bihar Gramin Bank’s IFSC code:

Q1: What is the correct IFSC code for Bihar Gramin Bank, RAMCHANDRAPUR branch?
A1: The correct IFSC code for the Bihar Gramin Bank, RAMCHANDRAPUR branch in Nalanda is PUNB0MBGB06.

Q2: Why does the IFSC code start with “PUNB” instead of “BGB” for Bihar Gramin Bank?
A2: Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). All IFSC codes for PNB-sponsored RRBs begin with “PUNB” to signify their affiliation and routing through PNB’s network. The “MBGB” part helps identify it as part of the merged Bihar Gramin Bank structure.

Q3: Can I still use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?
A3: No. Following the merger that formed Bihar Gramin Bank, all old IFSC codes for UBGB and DBGB have been revoked. You must use the new, unified IFSC code, such as PUNB0MBGB06, for all transactions to Bihar Gramin Bank branches.

Q4: Is the MICR code also important for online transfers?
A4: The MICR (Magnetic Ink Character Recognition) code (800811002 for this branch) is primarily used for processing physical cheques. While it’s a unique identifier for a branch, it is generally not required for NEFT, RTGS, or IMPS online fund transfers. The IFSC code is what’s needed for electronic transactions.

Q5: How can I verify that I have the correct IFSC code before making a transfer?
A5: You can confirm the IFSC code by checking the beneficiary’s bank passbook or cheque book, visiting the official website of Bihar Gramin Bank or Punjab National Bank, or contacting the specific branch directly using the provided contact number (9771464192). Always cross-reference to ensure accuracy.