Bihar Gramin Bank RAM NAGAR IFSC Code

This article provides important information about the Bihar Gramin Bank branch located in RAM NAGAR, Nawada, Bihar. When you need to transfer money electronically, whether through NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service), the Indian Financial System Code (IFSC) is a crucial piece of information. It ensures your funds reach the correct bank and branch swiftly and accurately. Understanding this code is key for smooth and secure financial transactions.

Branch Details Table

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

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	RAM NAGAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7480
Branch Address	RAM NAGAR, Nawada, 805110, 7781004480
Contact Number	7781004480
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805110
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, and due to its sponsorship by Punjab National Bank, the new entity operates under a unified IFSC code structure. The IFSC code for Bihar Gramin Bank branches, including the RAM NAGAR branch, now reflects this change.

Specifically, all branches now use IFSC codes starting with PUNB0MBGB06 for the RAM NAGAR branch. It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. Always use the current, unified IFSC code PUNB0MBGB06 for all your fund transfers involving this bank.

What is IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character code. It identifies every bank branch in India participating in electronic funds transfers. This code is crucial for directing your money to the exact branch where the beneficiary holds an account.

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

• The first four characters represent the bank name. In this case, PUNB stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This is a control character reserved for future use.
• The last six characters identify the specific branch. Here, MBGB06 points to the RAM NAGAR branch of Bihar Gramin Bank.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you are making electronic fund transfers. Here are the steps for NEFT, RTGS, or IMPS transactions:

1. Gather Beneficiary Details: Before starting, make sure you have the correct bank account number, account holder’s name, and the IFSC code of the beneficiary’s bank branch.
2. Log In to Banking Service: Access your online banking portal or mobile banking app. Alternatively, you can visit your bank branch to fill out a physical transfer form.
3. Select Transfer Type: Choose the type of transfer you wish to make: NEFT, RTGS, or IMPS.
4. Enter Details: Input the beneficiary’s account number, their name, and the IFSC code (PUNB0MBGB06 for this branch). Double-check all entered information to avoid errors.
5. Enter Amount and Confirm: Specify the amount you wish to transfer. Review all transaction details on the confirmation screen before final submission.

Benefits

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

• It enables secure and swift electronic fund transfers like NEFT, RTGS, and IMPS.
• It ensures that your money is routed to the precise bank and branch, minimizing transfer errors.
• It facilitates inter-bank transactions, allowing you to send money to accounts in different banks across India.
• It speeds up the process of adding new beneficiaries for online banking.
• It serves as a unique identifier for each branch, preventing confusion and enhancing accuracy in banking operations.

Contact Section

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

• Branch Phone Number (RAM NAGAR): 7781004480
• Branch Address (RAM NAGAR): RAM NAGAR, Nawada, 805110, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs Section

Here are some common questions about the Bihar Gramin Bank IFSC code:

Q1: Why does the IFSC code for Bihar Gramin Bank start with “PUNB” instead of “BGB”?
A1: Bihar Gramin Bank is a Regional Rural Bank sponsored by Punjab National Bank. Due to this sponsorship and subsequent mergers, the IFSC codes for its branches now reflect the sponsoring bank’s prefix, “PUNB,” followed by identifiers specific to the Gramin Bank and its branch.

Q2: Can I still use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?
A2: No. After the merger that formed Bihar Gramin Bank, all old IFSC codes belonging to UBGB and DBGB have been revoked. You must use the new, unified IFSC code, such as PUNB0MBGB06 for the RAM NAGAR branch, for all your transactions.

Q3: What specific banking services require an IFSC code?
A3: The IFSC code is essential for all electronic fund transfers, including NEFT, RTGS, and IMPS. It is also often required when adding a new beneficiary to your online banking profile to ensure funds are sent to the correct account.

Q4: Where can I find the correct IFSC code for my Bihar Gramin Bank branch?
A4: You can typically find the IFSC code printed on your bank passbook or chequebook. It is also available on the official website of Bihar Gramin Bank, the Reserve Bank of India (RBI) website, or through a quick search on trusted financial portals.

Q5: Is the “Branch Code” the same as the “IFSC Code”?
A5: No, they are not the same. The Branch Code (e.g., 7480 for RAM NAGAR) is a unique identifier for a specific branch within the bank’s internal system. The IFSC code is a distinct 11-character code (e.g., PUNB0MBGB06) used specifically for electronic fund transfers across different banks.