Bihar Gramin Bank KUNJ IFSC Code

This article focuses on the Bihar Gramin Bank branch located in KUNJ, Nawada, Bihar. Understanding the Indian Financial System Code, or IFSC, for this branch is crucial for anyone needing to transfer money. An IFSC code is a unique 11-character code that identifies every bank branch in India. It is essential for various online fund transfer methods, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Having the correct IFSC ensures your money goes to the right recipient account swiftly and securely.

Branch Details

Here are the specific details for the Bihar Gramin Bank branch in KUNJ, Nawada:

Bank Name	Bihar Gramin Bank
Branch Name	KUNJ
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6969
Branch Address	KUNJ, Nawada, 805104, 7070196969
Contact Number	7070196969
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805104
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, both banks now operate under the unified name Bihar Gramin Bank. The bank is sponsored by Punjab National Bank (PNB). As a result of this consolidation, all branches, including KUNJ, now use a standardized IFSC code format under Punjab National Bank’s sponsorship. The IFSC code PUNB0MBGB06 is the only valid code for this branch.

It is very important to note that any old IFSC codes previously used for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) branches have been revoked. These old codes are no longer valid for any banking transactions. To ensure successful fund transfers, always use the new, valid IFSC code PUNB0MBGB06 for the KUNJ branch of Bihar Gramin Bank.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code. It helps identify every bank branch in India. This code is crucial for processing electronic fund transfers. Each part of the IFSC code has a specific meaning:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between the bank code and the branch code.
• The last six characters uniquely identify the specific bank branch. In PUNB0MBGB06, “MBGB06” refers to the KUNJ branch.

Understanding this structure can help you verify the authenticity of an IFSC code before making a transaction.

How to Use an IFSC Code

You will need the IFSC code for various electronic fund transfer methods. Here’s how it’s typically used:

• NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches throughout the day. When initiating an NEFT transaction through your bank’s online portal or mobile app, you will need to enter the beneficiary’s bank account number, their name, and the correct IFSC code for their branch (e.g., PUNB0MBGB06 for KUNJ).
• RTGS (Real Time Gross Settlement): RTGS handles large-value transactions individually and in real time. Similar to NEFT, for an RTGS transfer, you must provide the beneficiary’s account number, name, and the correct IFSC code for their branch.
• IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers. When using IMPS via mobile banking or internet banking, you will need the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and the relevant IFSC code.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transfer to avoid errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for someone you need to pay, offers several advantages:

• Facilitates Online Fund Transfers: It is mandatory for NEFT, RTGS, and IMPS transactions, allowing you to send or receive money electronically.
• Ensures Accuracy: The unique code helps direct funds to the exact intended branch, reducing the risk of money going to the wrong account.
• Saves Time: Electronic transfers are much faster than traditional methods like checks, and the IFSC code makes these transfers efficient.
• Increases Security: By ensuring funds are routed correctly, it adds a layer of security to your financial transactions.
• Access to Banking Services: Many banking services, like adding a beneficiary for transfers, require the IFSC code.

Contact Information

If you need to get in touch with the Bihar Gramin Bank KUNJ branch or the head office, here are the contact details:

• Branch Phone Number (KUNJ): 7070196969
• Branch Address (KUNJ): KUNJ, Nawada, 805104, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about IFSC codes and their usage:

1. What should I do if I use an old IFSC code for a transaction?

If you use an old, revoked IFSC code (like those from former UBGB or DBGB branches) for a fund transfer, the transaction will likely fail. The funds will either not be debited from your account or will be reversed within a few hours. It’s crucial to always use the current and valid IFSC code, PUNB0MBGB06, for the KUNJ branch.

1. Is the IFSC code for Bihar Gramin Bank KUNJ branch the same for all types of transactions?

Yes, the IFSC code PUNB0MBGB06 is universal for all electronic fund transfer types, including NEFT, RTGS, and IMPS, for the Bihar Gramin Bank KUNJ branch. You will use this same code regardless of the specific transfer method you choose.

1. How can I verify the correct IFSC code for a branch?

You can verify an IFSC code through several reliable sources. The most common methods include checking your bank’s passbook or chequebook, visiting the official website of Bihar Gramin Bank, or using trusted online banking portals that provide IFSC code lookup services. Always cross-reference from at least two sources if unsure.

1. What is the difference between an IFSC code and a MICR code?

Both are important codes, but they serve different purposes. An IFSC code (e.g., PUNB0MBGB06) is an 11-character alphanumeric code used for electronic fund transfers like NEFT, RTGS, and IMPS. A MICR code (Magnetic Ink Character Recognition), like 800811002 for KUNJ, is a 9-digit numerical code printed on cheques. It is used primarily for processing paper-based cheque transactions quickly and accurately.

1. Does Bihar Gramin Bank operate under Punjab National Bank?

Bihar Gramin Bank is a Regional Rural Bank (RRB) that is sponsored by Punjab National Bank (PNB). This means PNB provides managerial and financial support. While Bihar Gramin Bank maintains its distinct identity, its IFSC codes reflect PNB’s sponsorship (starting with “PUNB”), indicating its association for banking infrastructure.