Bihar Gramin Bank TARGIR IFSC Code

The Bihar Gramin Bank branch in TARGIR is an important financial hub for the local community in Nawada, Bihar. When you need to send money digitally to or from this branch, understanding the Indian Financial System Code (IFSC) is essential. The IFSC code acts like a unique digital address for bank branches across India. It is crucial for various electronic fund transfers, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS), ensuring that your money reaches the correct recipient quickly and securely.

Branch Details

Here are the complete details for the Bihar Gramin Bank TARGIR branch:

Bank Name	Bihar Gramin Bank
Branch Name	TARGIR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6979
Branch Address	TARGIR, Nawada, 805125, 7070196979
Contact Number	7070196979
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805125
State	Bihar

Merger Update

It’s important to note the recent changes concerning rural banks in Bihar. The former Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged. They are now operating as a single entity known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank.

As a result of this merger, all old IFSC codes belonging to Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. For any transactions with the TARGIR branch of Bihar Gramin Bank, you must use the new and valid IFSC code: PUNB0MBGB06. Using any old IFSC code will result in transaction failure.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code that uniquely identifies each bank branch in India. It is an essential part of the Indian financial system for electronic money transfers. Here’s how the code is structured:

• First 4 characters: These represent the bank name. For Bihar Gramin Bank, sponsored by Punjab National Bank, it starts with PUNB.
• Fifth character: This is always ‘0’ (zero). It is reserved for future use.
• Last 6 characters: These identify the specific branch. For the TARGIR branch, these characters are MBGB06.

This structure ensures that every branch has a unique identifier, preventing any confusion during fund transfers.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you want to send money digitally. Here are the general steps:

1. Log in to your banking platform: Access your online banking account or mobile banking app.
2. Choose the transfer type: Select NEFT, RTGS, or IMPS, depending on the amount and urgency of your transfer.
3. Add a new beneficiary: If you haven’t sent money to this person before, you’ll need to add them as a new beneficiary or payee.
4. Enter beneficiary details: You will need to provide the following information for the recipient:
   • Beneficiary’s Name
   • Beneficiary’s Account Number (you might need to enter it twice for confirmation)
   • Bank Name (Bihar Gramin Bank)
   • Branch Name (TARGIR)
   • IFSC Code (PUNB0MBGB06)
5. Confirm and transfer: Review all details carefully, enter the amount you wish to transfer, and confirm the transaction.

Always double-check the IFSC code and account number before making a transfer to ensure the money goes to the correct person and branch.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the branch you are sending money to, offers several key benefits:

• Accurate Fund Transfers: It guarantees that your electronic transactions like NEFT, RTGS, and IMPS are routed to the precise bank branch, eliminating errors.
• Faster Processing: Correct IFSC codes help banks process your digital transfers quickly and efficiently.
• Enhanced Security: By uniquely identifying each branch, IFSC codes add an extra layer of security to prevent fraudulent transactions.
• Simplified Banking: It streamlines the process of sending and receiving money across different banks, making inter-bank transactions easy.
• Access to Digital Services: Many online banking features and services require an IFSC code to set up or perform transactions.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank TARGIR branch, you can use the following contact details:

• Branch Phone Number: 7070196979
• Branch Address: TARGIR, Nawada, 805125, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, this specific IFSC code (PUNB0MBGB06) is only valid for the TARGIR branch of Bihar Gramin Bank. Each branch has its own unique IFSC code. You need to find the correct code for the specific branch you are dealing with.

Q2: What should I do if my transaction fails using the provided IFSC code?
A2: First, double-check that you have entered the IFSC code (PUNB0MBGB06) and the beneficiary’s account number correctly. Ensure there are no typos. If the issue persists, contact the Bihar Gramin Bank branch directly using the provided contact number (7070196979) or their toll-free number.

Q3: Can I use an old Dakshin Bihar Gramin Bank (DBGB) IFSC code for a transfer to Bihar Gramin Bank TARGIR?
A3: No, you cannot. After the merger, all old IFSC codes of DBGB and UBGB are no longer valid. You must use the new IFSC code, PUNB0MBGB06, for all transactions with Bihar Gramin Bank TARGIR.

Q4: Do I need an IFSC code for cash deposits or withdrawals at the branch?
A4: No, an IFSC code is primarily for electronic fund transfers (NEFT, RTGS, IMPS). You do not need it for cash deposits or withdrawals made directly at the bank branch counter.

Q5: How can I find the IFSC code for another Bihar Gramin Bank branch?
A5: You can find IFSC codes on the bank’s official website, your bank passbook, or by using reliable third-party financial websites. You can also contact the bank’s customer service or visit the branch directly.