Bihar Gramin Bank GULNI IFSC Code

This article provides key details for the GULNI branch of Bihar Gramin Bank, located in Nawada, Bihar. If you need to send or receive money digitally, understanding your bank’s IFSC code is crucial. This unique code is essential for various electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Knowing the correct IFSC code ensures your transactions are processed accurately and efficiently, reaching the intended bank and branch without issues.

Branch Details

Here are the specific details for the Bihar Gramin Bank, GULNI branch:

Bank Name	Bihar Gramin Bank
Branch Name	GULNI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7283
Branch Address	GULNI, Nawada, 805127, 9771464283
Contact Number	9771464283
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805127
State	Bihar

Merger Update and IFSC Code Clarification

Bihar’s regional rural banking landscape has seen several mergers to streamline operations and enhance services. While the bank name in our records is “Bihar Gramin Bank,” the provided IFSC code, PUNB0MBGB06, is specifically associated with the Madhya Bihar Gramin Bank. This is important to note as many regional rural banks, including those that might have been Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) in the past, have undergone mergers.

As a result of these consolidations, many branches now operate under a unified structure, often sponsored by a larger public sector bank like Punjab National Bank. If your branch, regardless of its previous affiliation, is now part of an entity using the PUNB0MBGB06 code, then this code is the only valid one for your financial transactions. Any old IFSC codes associated with former entities like UBGB or DBGB have been revoked and will no longer work for digital fund transfers. Always use the current and official PUNB0MBGB06 for all your transactions involving this branch to ensure they are processed correctly.

What is an IFSC Code?

An IFSC code, which stands for Indian Financial System Code, is an 11-character alphanumeric code. It is assigned by the Reserve Bank of India (RBI) to uniquely identify every bank branch participating in online money transfers. This code helps direct your funds to the precise bank and branch you intend.

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use, such as for adding more bank branches if needed.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the particular branch within the Madhya Bihar Gramin Bank network.

How to Use an IFSC Code for Fund Transfers

The IFSC code is vital for initiating digital money transfers like NEFT, RTGS, and IMPS. Here’s a general guide on how to use it:

1. Log in to your Net Banking or Mobile Banking App: Access your bank account online or through your mobile banking application.
2. Select the Transfer Type: Choose the type of transfer you wish to make (NEFT, RTGS, or IMPS).
3. Add Beneficiary Details: If you’re sending money to a new recipient, you’ll need to add them as a beneficiary. This involves providing:
   • The beneficiary’s full name.
   • The beneficiary’s account number.
   • The beneficiary’s bank name.
   • The correct IFSC code of the beneficiary’s bank branch (e.g., PUNB0MBGB06 for GULNI).
4. Enter Amount and Remarks: Specify the amount you wish to transfer and add any remarks if necessary.
5. Confirm and Authenticate: Review all the details carefully. Once confirmed, you might need to enter an OTP (One-Time Password) or transaction password to authenticate the transfer.

Each transfer method has slight variations: NEFT batches transfers periodically, RTGS processes large amounts (₹2 Lakh and above) in real-time, and IMPS offers instant transfers 24/7 for smaller amounts.

Benefits of Knowing Your IFSC Code

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

• It enables fast and secure digital money transfers across different banks and branches within India.
• It ensures that your funds reach the precise recipient account, minimizing errors in transactions.
• It standardizes the electronic banking system, making inter-bank transfers efficient and reliable.
• It is mandatory for all online financial transactions, including bill payments, online shopping, and investment transfers.
• It supports financial inclusion by making banking services accessible and convenient even in remote areas.

Contact Information

• Branch Phone Number: 9771464283
• Branch Address: GULNI, Nawada, 805127, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank): 18001807777 (This is typically for the sponsoring bank, Punjab National Bank, which may assist with queries related to Madhya Bihar Gramin Bank operations).

Frequently Asked Questions (FAQs)

Q1: Why is the fifth character of an IFSC code always zero?
A1: The fifth character in an IFSC code is always a zero (0). This is a placeholder reserved for future use. It allows for potential expansion or changes in the banking system without needing to completely restructure the IFSC format.

Q2: Can I use an old IFSC code for Bihar Gramin Bank if I have it from an old passbook?
A2: No, it is strongly advised against using old IFSC codes, especially if the bank has undergone mergers or name changes. As noted, many regional rural banks have merged, leading to new IFSC codes under the sponsoring bank. Always use the most current and officially published IFSC code, like PUNB0MBGB06 for the GULNI branch, to ensure your transactions are successful.

Q3: What is the minimum amount required for an RTGS transaction?
A3: For an RTGS (Real Time Gross Settlement) transaction, the minimum amount you can transfer is Rs 2 lakh (Rupees Two Lakh). There is no upper limit for RTGS transactions.

Q4: Is an IFSC code necessary for depositing cash directly at a bank branch?
A4: Generally, no. When you deposit cash directly at a bank branch, you typically only need the recipient’s account number and name. The IFSC code is primarily for electronic fund transfers (NEFT, RTGS, IMPS) between different banks or branches.

Q5: How can I confirm the correct IFSC code for a specific branch?
A5: You can confirm the correct IFSC code in several ways: by checking your bank’s official website, referring to your cheque book or bank passbook, contacting the bank branch directly, or by using reliable online IFSC code lookup tools (always cross-reference with official sources if possible).