Bihar Gramin Bank TUNGI IFSC Code

Located in TUNGI, a vibrant locality within the Nawada district of Bihar, the Bihar Gramin Bank branch serves the financial needs of its community. For anyone needing to transfer money electronically, understanding the Indian Financial System Code, or IFSC, is crucial. This unique code acts like a digital address, ensuring that funds sent through services like NEFT, RTGS, and IMPS reach the correct bank branch account swiftly and securely.

Branch Details

Here are the essential details for the Bihar Gramin Bank branch in TUNGI:

Bank Name	Bihar Gramin Bank
Branch Name	TUNGI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7305
Branch Address	TUNGI, Nawada, 805129, 9771464305
Contact Number	9771464305
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805129
State	Bihar

Merger Update

Over time, several regional rural banks in Bihar have undergone mergers and consolidations to strengthen their services. The Bihar Gramin Bank, including its TUNGI branch, is now part of the wider network under Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank. This means that if you previously dealt with entities like Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it’s important to note that these banks have also been part of this consolidation process. For all transactions related to this branch, the official and currently valid Indian Financial System Code (IFSC) is PUNB0MBGB06. It’s crucial to understand that any old IFSC codes associated with UBGB, DBGB, or other predecessor banks are now revoked and are no longer valid for any financial transactions. Always use PUNB0MBGB06 to ensure your funds reach the correct destination without delay.

What is an IFSC Code?

The IFSC code is an 11-character alpha-numeric code assigned to each bank branch by the Reserve Bank of India (RBI). Think of it as a unique identifier for a specific bank location. The structure of the code is easy to understand:

• The first four characters identify the bank itself. For example, ‘PUNB’ stands for Punjab National Bank, which sponsors Madhya Bihar Gramin Bank.
• The fifth character is always a ‘zero’ (0). This character is reserved for future use and helps distinguish between different bank branches.
• The last six characters identify the specific bank branch. In the case of TUNGI, these digits pinpoint this exact location within the bank’s network.

How to Use the IFSC Code

Using the IFSC code is a key part of performing electronic fund transfers. Whether you’re sending money to family, paying bills, or making business transactions, here’s how you’ll typically use it:

• NEFT (National Electronic Funds Transfer): This system processes transfers in batches. When initiating an NEFT transaction, you’ll need the beneficiary’s name, account number, account type, and their bank branch’s IFSC code. The system uses the IFSC to route the funds to the correct branch.
• RTGS (Real Time Gross Settlement): RTGS is for large value transactions, processing them individually and continuously. Similar to NEFT, you’ll provide the beneficiary’s details, including their IFSC code, to ensure immediate and accurate transfer of funds to the specific branch.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers. While sometimes you can use a mobile number and MMID, for direct bank account transfers via IMPS, the IFSC code is essential. It ensures the money lands in the intended account at the correct branch almost instantaneously.

Benefits of Knowing the IFSC Code

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

• Ensures funds are transferred to the precise bank branch.
• Reduces errors and the risk of money going to the wrong account.
• Facilitates faster and more secure electronic fund transfers (NEFT, RTGS, IMPS).
• Allows for seamless inter-bank transactions across India.
• Simplifies online banking and digital payment processes.

Contact Information

Should you need direct assistance or more information, here are the contact details for the Bihar Gramin Bank, TUNGI branch, and its head office:

• Branch Phone Number: 9771464305
• Branch Address: TUNGI, Nawada, 805129, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about IFSC codes and the Bihar Gramin Bank, TUNGI branch:

What is the IFSC code for Bihar Gramin Bank TUNGI branch?
The IFSC code for the Bihar Gramin Bank TUNGI branch is PUNB0MBGB06. Remember to use this specific code for all your electronic fund transfers.

Why is the fifth character of the IFSC code always zero?
The fifth character of every IFSC code is always a ‘0’ (zero). This character is kept as a control measure and is reserved for future use by the Reserve Bank of India. It also helps in differentiating the bank code from the branch code within the 11-character structure.

Can I use an old IFSC code if I still have it?
No, it is critically important to always use the current and valid IFSC code. Due to bank mergers and changes, old IFSC codes, especially for banks like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, are often revoked and will not work for transactions. Using an old code will cause your transaction to fail or be delayed.

Is Bihar Gramin Bank sponsored by Punjab National Bank?
Yes, the Bihar Gramin Bank, specifically Madhya Bihar Gramin Bank (MBGB) under which this branch operates, is sponsored by Punjab National Bank. This sponsorship provides a strong backing and integrates it into a larger banking network.

What should I do if my electronic transfer fails due to an incorrect IFSC code?
If your electronic transfer fails because of an incorrect IFSC code, the funds will typically be reversed to your account within a few hours or, at most, a few working days. You should then re-initiate the transaction using the correct IFSC code, which for the TUNGI branch is PUNB0MBGB06.