Bihar Gramin Bank RO NWADA IFSC Code

The Bihar Gramin Bank branch in RO NWADA, Nawada, is an important financial hub for the local community. To handle money transfers electronically, you need an Indian Financial System Code, or IFSC code. This unique code is essential for sending or receiving funds through systems like NEFT, RTGS, and IMPS. It ensures your money goes to the correct bank and branch without errors.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	RO NWADA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7406
Branch Address	RO NWADA, Nawada, 805110, 9771446140
Contact Number	9771446140
City	Nawada
District	Nawada
Pincode	805110
State	Bihar

Merger Update

The original Bihar Gramin Bank, which served the RO NWADA area, was part of a major consolidation. It merged with Kosi Kshetriya Gramin Bank and Purvanchal Gramin Bank. These three banks combined to form a new entity: the Madhya Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank.

Due to this merger, the old IFSC codes previously used by Bihar Gramin Bank branches, including RO NWADA, are no longer valid. For all electronic fund transfers today, you must use the updated IFSC code, which is PUNB0MBGB06. This code ensures your transactions are processed correctly under the new banking structure.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in electronic fund transfers. Think of it like a digital address for a specific bank branch.

The structure of the IFSC code is precise:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In “PUNB0MBGB06”, “MBGB06” identifies the Madhya Bihar Gramin Bank and the specific branch or region within it.

How to Use an IFSC Code

You will need the IFSC code whenever you perform electronic fund transfers using services like NEFT, RTGS, or IMPS. Here’s a quick guide:

• NEFT (National Electronic Funds Transfer): This system processes transactions in batches. When initiating a NEFT transfer, you will enter the recipient’s bank name, account number, and the IFSC code for their specific branch.
• RTGS (Real Time Gross Settlement): RTGS handles large-value transactions individually and in real-time. Similar to NEFT, you provide the beneficiary’s bank account number, bank name, and the correct IFSC code.
• IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. For IMPS, you’ll need the recipient’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code.

Always double-check the IFSC code before confirming a transaction. An incorrect code can lead to delays or send money to the wrong account.

Benefits of Knowing the IFSC Code

Having the correct IFSC code for the Bihar Gramin Bank RO NWADA branch offers several advantages:

• It ensures your fund transfers are accurate and go to the correct recipient branch.
• It prevents transaction failures or delays due to incorrect bank identification.
• It is mandatory for all major electronic payment systems in India (NEFT, RTGS, IMPS).
• It helps you verify the identity of the bank and its specific branch quickly.
• It allows for smooth and efficient online banking transactions from anywhere.

Contact Section

For any queries related to the RO NWADA branch of Madhya Bihar Gramin Bank, or for general assistance, you can use the following contact information:

• Branch Phone Number: 9771446140
• Branch Address: RO NWADA, Nawada, 805110, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank – Sponsoring Bank): 18001807777

FAQs

Here are some frequently asked questions about the IFSC code for Bihar Gramin Bank RO NWADA:

Q1: Is PUNB0MBGB06 the correct IFSC for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is the IFSC code for the RO NWADA branch specifically, now under Madhya Bihar Gramin Bank. Each branch of Madhya Bihar Gramin Bank will have its own unique IFSC code, although many will start with “PUNB0MBGB”. Always confirm the exact IFSC for the specific branch you need.

Q2: What happens if I use an old Bihar Gramin Bank IFSC code for a transaction?
A2: If you use an old IFSC code for a branch that is now part of Madhya Bihar Gramin Bank, your transaction will likely fail. The banking system will not recognize the old code as valid, and the funds will not be transferred. Always use the current, updated IFSC code.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on your bank passbook and on the top portion of your cheque leaves. However, with the recent mergers, it is crucial to verify if the code printed on older materials is still valid. It is best to check with the bank or their official website for the most up-to-date information.

Q4: What is the difference between IFSC and MICR code?
A4: Both are bank codes, but they serve different purposes. The IFSC code (Indian Financial System Code) is used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR code (Magnetic Ink Character Recognition) is a 9-digit code used primarily for processing physical cheques. The MICR code for RO NWADA is 800811002, while its IFSC is PUNB0MBGB06.

Q5: Who sponsors Madhya Bihar Gramin Bank?
A5: Madhya Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). This means PNB plays a key role in its operations and oversight, which is reflected in the IFSC code starting with “PUNB”.