Bihar Gramin Bank UGAWAN IFSC Code

When you need to send or receive money electronically to or from the Bihar Gramin Bank branch in UGAWAN, Nalanda, Bihar, you will need a special code. This code is known as the Indian Financial System Code, or IFSC. It is essential for making secure and correct fund transfers through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Knowing the correct IFSC code ensures that your money reaches the right bank and branch quickly and without issues.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	UGAWAN
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7522
Branch Address	UGAWAN, Nalanda, 811103, 7541807522
Contact Number	7541807522
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	811103
State	Bihar

Merger Update

It is important to note a significant change regarding regional rural banks in Bihar. The Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form a single entity: Bihar Gramin Bank. As a result of this merger, all branches of the former UBGB and DBGB now operate under the Bihar Gramin Bank.

For any transactions involving Bihar Gramin Bank, including the UGAWAN branch, you must use the new standardized IFSC code which begins with PUNB0MBGB06. This specific code series is issued by Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank. Any old IFSC codes that previously belonged to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid. Using an outdated code will cause your transaction to fail. Always ensure you are using the current IFSC code, PUNB0MBGB06, for all your fund transfers to Bihar Gramin Bank branches.

What is IFSC Code?

The IFSC code is an 11-character alphanumeric code used to identify all bank branches participating in online money transfers. It ensures that your money goes to the correct recipient bank and branch.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For Bihar Gramin Bank, sponsored by Punjab National Bank, these characters are PUNB.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between bank and branch codes.
• The last six characters identify the specific branch. For the UGAWAN branch, these are MBGB06. So, the full code is PUNB0MBGB06.

This unique combination ensures that each bank branch has its own distinct identifier for electronic transactions.

How to Use IFSC Code

Using the IFSC code is simple when you are sending money online. Here are the steps for common transfer methods:

• For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement):
  1. Log in to your internet banking portal or mobile banking app.
  2. Select the ‘Funds Transfer’ or ‘Payments’ option.
  3. Choose ‘Add Beneficiary’ or select an existing beneficiary.
  4. Enter the recipient’s bank account number, their name, and the specific IFSC code (e.g., PUNB0MBGB06 for UGAWAN branch).
  5. Enter the amount you wish to transfer.
  6. Confirm the details and proceed with the transfer.

  NEFT transactions are processed in batches, while RTGS transfers are instant for large amounts (typically ₹2 Lakhs and above).

• For IMPS (Immediate Payment Service):
  1. Open your mobile banking app.
  2. Select the ‘IMPS’ option.
  3. You can transfer money using either the recipient’s account number and IFSC code, or their Mobile Money Identifier (MMID) and mobile number.
  4. If using IFSC, enter the recipient’s bank account number and the IFSC code (e.g., PUNB0MBGB06).
  5. Enter the amount and confirm.

  IMPS provides instant money transfers 24/7, even on holidays.

Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong account.

Benefits

Knowing and using the correct IFSC code offers several important benefits:

• Accurate Transfers: It ensures your money reaches the exact bank and branch account you intend, preventing errors and delays.
• Speed and Efficiency: It allows for quick processing of online fund transfers through NEFT, RTGS, and IMPS, saving you time.
• Security: The unique code adds a layer of security, making electronic transactions reliable and traceable.
• Accessibility: It facilitates banking services from anywhere, allowing you to manage your funds remotely without visiting a physical branch.
• Record Keeping: Each transaction using an IFSC code creates a digital trail, making it easier to track and verify payments.

Contact Section

If you need to get in touch with the bank, here are the relevant contact details:

• UGAWAN Branch Phone Number: 7541807522
• UGAWAN Branch Address: UGAWAN, Nalanda, Pincode – 811103, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

These contacts can help with general inquiries, account details, or any issues you might encounter with your transactions.

FAQs

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

Q2: Is the old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) still valid for transfers?
A2: No, the old IFSC codes for Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) are no longer valid. Both banks have merged to form Bihar Gramin Bank, and you must use the new IFSC code, PUNB0MBGB06, for all transactions involving Bihar Gramin Bank.

Q3: What does the ‘0’ in the fifth position of the IFSC code signify?
A3: The ‘0’ in the fifth position of the IFSC code is a control character reserved for future use. It helps in distinguishing the bank code from the branch code within the 11-character structure.

Q4: Can I use the IFSC code for international money transfers?
A4: No, the IFSC code is specifically for domestic electronic fund transfers within India. For international money transfers, you would typically need a SWIFT code (Society for Worldwide Interbank Financial Telecommunication) or BIC (Bank Identifier Code) which is a different identification system for global transactions.

Q5: How can I confirm the IFSC code for a Bihar Gramin Bank branch?
A5: You can confirm the IFSC code by checking your bank passbook, the bank’s official website, or contacting the Bihar Gramin Bank customer service using the provided toll-free number (18001807777). You can also verify it directly with the UGAWAN branch at 7541807522.