Bihar Gramin Bank TELMAR IFSC Code

In Nalanda, Bihar, the Bihar Gramin Bank has a branch in TELMAR. For anyone sending or receiving money electronically from this branch, understanding the Indian Financial System Code, or IFSC, is very important. This unique code is crucial for transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures your money goes to the correct bank and specific branch without errors.

Branch Details

Here are the key details for the Bihar Gramin Bank TELMAR branch:

Bank Name	Bihar Gramin Bank
Branch Name	TELMAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7196
Branch Address	TELMAR, Nalanda, 803204, 9771464196
Contact Number	9771464196
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803204
State	Bihar

Merger Update

Bihar Gramin Bank, under which the TELMAR branch operates, is the result of a significant merger of various regional rural banks in Bihar. This includes banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), among others. Following these mergers, all branches that are now part of Bihar Gramin Bank use a unified IFSC code structure.

These unified IFSC codes are sponsored by Punjab National Bank. Therefore, you will notice that the IFSC for the TELMAR branch, PUNB0MBGB06, begins with “PUNB”. It is very important to know that any old IFSC codes previously used by banks like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank for their respective branches are now revoked and no longer valid for transactions. For any electronic fund transfer to the TELMAR branch of Bihar Gramin Bank, PUNB0MBGB06 is the only correct and valid IFSC code you should use.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is a unique 11-character alphanumeric code. This code is assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in online money transfers.

Let’s break down the IFSC code for the TELMAR branch, PUNB0MBGB06:

• The first four characters, PUNB, identify the sponsoring bank. In this case, it’s Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is kept as a placeholder for future use.
• The last six characters, MBGB06, identify the specific branch. Here, “MBGB” indicates Madhya Bihar Gramin Bank, one of the constituent entities now part of Bihar Gramin Bank, and “06” is the unique code for the TELMAR branch.

This structure ensures that money transferred electronically is directed precisely to the intended bank and branch.

How to Use the IFSC Code

Using the IFSC code is simple when you are making online fund transfers. Here are the general steps:

1. Log in to your bank’s internet banking portal or mobile banking application.
2. Select the type of transaction you wish to perform: NEFT, RTGS, or IMPS.
3. You will need to add a new beneficiary or select an existing one. If adding a new beneficiary, enter their details.
4. Provide the beneficiary’s accurate account number and their name.
5. Crucially, enter the correct IFSC code for the beneficiary’s branch. For the Bihar Gramin Bank TELMAR branch, this is PUNB0MBGB06.
6. Enter the amount you wish to transfer.
7. Review all the details carefully to ensure they are correct.
8. Confirm and authorize the transaction, usually with a One Time Password (OTP).

Always double-check the IFSC code to prevent any transfer issues.

Benefits of Knowing the IFSC Code

Knowing and using the correct IFSC code offers several advantages for secure and efficient financial transactions:

• It ensures accurate routing of your funds to the correct bank and branch, preventing money from going to the wrong place.
• It speeds up interbank transfers, making your transactions quicker and more efficient.
• It is mandatory for all major online electronic fund transfer systems, including NEFT, RTGS, and IMPS.
• It helps to standardize the banking system across India, allowing seamless transactions between different banks.
• It acts as a unique identifier, reducing the chances of fraud and errors in electronic transactions.

Contact Information

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

• Branch Phone Number (TELMAR): 9771464196
• Branch Address (TELMAR): TELMAR, Nalanda, 803204, 9771464196
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It’s an 11-character code used to identify bank branches for electronic transactions.

Q2: Is the TELMAR branch IFSC code always PUNB0MBGB06?
A2: Yes, PUNB0MBGB06 is the current and valid IFSC code for the Bihar Gramin Bank, TELMAR branch. Any older or different codes for this branch are no longer valid for electronic fund transfers.

Q3: Can I use this IFSC code for both NEFT and RTGS transactions?
A3: Absolutely. The IFSC code PUNB0MBGB06 is used for all major electronic fund transfer services, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Q4: What happens if I accidentally use an old or incorrect IFSC code?
A4: If you use an old or incorrect IFSC code, your transaction will likely fail. The funds will either not be debited from your account or will be returned to your account if they were debited. It’s crucial to always use the latest and correct IFSC code to ensure a smooth transfer.

Q5: Is Bihar Gramin Bank associated with Punjab National Bank?
A5: Yes, Bihar Gramin Bank is sponsored by Punjab National Bank. This is why its IFSC codes, including that of the TELMAR branch, begin with “PUNB”, indicating its association and the backing of Punjab National Bank.