Bihar Gramin Bank SILAO IFSC Code

In the heart of Bihar, specifically in SILAO, Nalanda district, people rely on banking services for their financial transactions. When you need to send or receive money through digital channels like NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) for your bank branch is crucial. This unique code ensures your funds reach the intended bank and branch without any errors, making your financial transfers smooth and secure.

Branch Details

Here are the complete details for the Bihar Gramin Bank branch in SILAO, Nalanda:

Bank Name	Bihar Gramin Bank
Branch Name	SILAO
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7148
Branch Address	SILAO, Nalanda, 803117, 9771464148
Contact Number	9771464148
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803117
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) in Bihar. These banks are often sponsored by larger public sector banks to extend banking services to rural areas. In the case of Bihar Gramin Bank, it operates under the sponsorship of Punjab National Bank (PNB).

It’s important to understand that several Regional Rural Banks in Bihar, including those that were once known by different names (like Madhya Bihar Gramin Bank, whose code “MBGB” is visible in the IFSC), have consolidated their operations and IFSC codes under the Punjab National Bank sponsorship. The IFSC code PUNB0MBGB06 reflects this structure: “PUNB” for Punjab National Bank and “MBGB” for Madhya Bihar Gramin Bank, which is part of the larger unified banking framework in the region.

This means that while the bank operates as Bihar Gramin Bank, its digital transactions are facilitated through the PNB-sponsored system using this specific IFSC. If there were any older, different IFSC codes for this branch or bank before the consolidation, those codes are now revoked and are no longer valid for electronic fund transfers. You must always use PUNB0MBGB06 for any NEFT, RTGS, or IMPS transactions involving the SILAO branch of Bihar Gramin Bank.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It’s an 11-character alphanumeric code used to uniquely identify every bank branch in India participating in the NEFT, RTGS, and IMPS systems. This code is crucial for directing online fund transfers to the correct destination.

The structure of the IFSC code PUNB0MBGB06 can be broken down as follows:

• The first four characters (PUNB) identify the sponsoring bank, which in this case is Punjab National Bank.
• The fifth character (0) is always zero. This character is reserved for future use by the Reserve Bank of India.
• The last six characters (MBGB06) uniquely identify the specific branch and, in this context, the Regional Rural Bank (Madhya Bihar Gramin Bank) it belongs to under the sponsoring bank’s umbrella. “06” likely represents a specific branch identifier within that larger structure.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you’re making an online fund transfer. Here’s how it works for different types of transactions:

1. For NEFT (National Electronic Funds Transfer): This system processes transactions in batches. When you initiate an NEFT transfer through your bank’s online portal or mobile app, you will need to provide the beneficiary’s name, account number, bank name (Bihar Gramin Bank), and the IFSC code (PUNB0MBGB06) for the SILAO branch.
2. For RTGS (Real Time Gross Settlement): RTGS is for high-value transactions that are processed individually and continuously. Similar to NEFT, you’ll need the beneficiary’s name, account number, bank name, and the specific IFSC code (PUNB0MBGB06) for the SILAO branch to ensure the immediate transfer of funds.
3. For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. To use IMPS, you will typically provide the beneficiary’s mobile number and MMID (Mobile Money Identifier), or their account number and the IFSC code (PUNB0MBGB06).

In all these methods, the IFSC code acts like an address for the recipient’s bank branch, guiding your money to the right place securely.

Benefits of Knowing the IFSC Code

Having the correct IFSC code for your bank branch offers several key advantages for your financial transactions:

• It ensures your money is sent to the precise bank and branch you intend, preventing misdirection of funds.
• It makes online fund transfers (NEFT, RTGS, IMPS) faster and more efficient.
• Using the correct IFSC significantly reduces the chances of transaction errors, which can be time-consuming and frustrating to resolve.
• The IFSC code is a mandatory requirement for initiating any electronic fund transfer in India.
• It enhances the security of your transactions by providing a unique identifier for each banking location.
• It’s essential for receiving payments from other banks, including salaries, bill refunds, or remittances.

Contact Information

Should you need to reach out to the Bihar Gramin Bank SILAO branch or the head office, here are the contact details:

• Branch Phone Number: 9771464148
• Branch Address: SILAO, Nalanda, 803117
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is Bihar Gramin Bank a government bank?
A1: Yes, Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are jointly owned by the Government of India, the State Government, and a Sponsoring Bank (in this case, Punjab National Bank). This structure means it operates under government oversight.

Q2: Can I use this IFSC code (PUNB0MBGB06) for any Bihar Gramin Bank branch?
A2: No, you cannot. While the first few characters (PUNB0MBGB) might be similar for other branches of Bihar Gramin Bank under the same sponsoring bank, the last six characters (MBGB06 in this case) are unique to the SILAO branch. Each branch has its own specific IFSC code.

Q3: What happens if I use an old or incorrect IFSC code for my transaction?
A3: If you use an old, revoked, or incorrect IFSC code, your electronic fund transfer will most likely fail. The system will not be able to locate the correct destination branch, and the transaction will be rejected. This means your money will not be transferred, and you’ll need to re-initiate the transaction with the correct IFSC.

Q4: Is the IFSC code the same for NEFT, RTGS, and IMPS transactions?
A4: Yes, the IFSC code is a universal identifier for a bank branch. The same IFSC code (PUNB0MBGB06) is used for all types of electronic fund transfers, including NEFT, RTGS, and IMPS, when sending money to the Bihar Gramin Bank SILAO branch.

Q5: How can I find the IFSC code for other Bihar Gramin Bank branches?
A5: You can find IFSC codes for other Bihar Gramin Bank branches through several reliable sources: the official website of Bihar Gramin Bank or its sponsoring bank (Punjab National Bank), by visiting the specific branch, or by using reputable online banking resource websites that list IFSC codes for all Indian banks.