Bihar Gramin Bank ASHIANA NAGAR PATNA IFSC Code

When you need to transfer money electronically to or from the ASHIANA NAGAR PATNA branch of Bihar Gramin Bank in Patna, Bihar, understanding the IFSC code is essential. This unique code ensures that your funds reach the correct recipient bank and branch quickly and securely. It’s a vital piece of information for all major online money transfer methods like NEFT, RTGS, and IMPS, acting like a specific digital address for the branch.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	ASHIANA NAGAR PATNA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7409
Branch Address	ASHIANA NAGAR PATNA, Patna, 800025, 9771464409
Contact Number	9771464409
City	Patna
District	Patna
Reason	PATNA
Pincode	800025
State	Bihar

Merger Update

The ASHIANA NAGAR PATNA branch, while generally referred to as Bihar Gramin Bank, now operates under the umbrella of Madhya Bihar Gramin Bank (MBGB). Madhya Bihar Gramin Bank was formed from the significant merger of Dakshin Bihar Gramin Bank (DBGB) and Bihar Kshetriya Gramin Bank. This merger brought these regional rural banks under a unified structure, sponsored by Punjab National Bank. As a result, all branches previously associated with Dakshin Bihar Gramin Bank (and Bihar Kshetriya Gramin Bank) now use the common IFSC code, PUNB0MBGB06. This specific code identifies Madhya Bihar Gramin Bank and routes transactions through its sponsor, Punjab National Bank.

It is important to understand that any old IFSC codes previously used by Dakshin Bihar Gramin Bank are no longer valid for electronic fund transfers. For any NEFT, RTGS, or IMPS transaction to or from the ASHIANA NAGAR PATNA branch, you must use PUNB0MBGB06.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers in India. Think of it as a specific address for a bank branch in the digital world of finance. This code helps the banking system route your money to the exact branch and account you intend.

The 11 characters of an IFSC code follow a specific pattern:

• The first four characters represent the bank name. In the case of PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This character is reserved for future use and helps differentiate bank codes from branch codes.
• The last six characters identify the specific branch. For the ASHIANA NAGAR PATNA branch, “MBGB06” is this unique branch identifier within Madhya Bihar Gramin Bank.

How to Use an IFSC Code

Using an IFSC code correctly is crucial for successful electronic fund transfers. Here’s how it applies to NEFT, RTGS, and IMPS:

• For NEFT (National Electronic Funds Transfer): NEFT allows money transfers in batches. When initiating a NEFT transaction, you will need the recipient’s bank name, account number, account holder’s name, and the correct IFSC code of their branch. The funds are settled in hourly batches during banking hours.
• For RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically for amounts of 2 lakhs (200,000 rupees) and above. As the name suggests, funds are transferred in real-time on a gross (one-to-one) basis. Like NEFT, you need the recipient’s bank name, account number, account holder’s name, and the IFSC code.
• For IMPS (Immediate Payment Service): IMPS offers instant, 24/7 money transfers, even on holidays. It’s often used for smaller, urgent transfers. To send money via IMPS, you’ll need the recipient’s account number and IFSC code, or their mobile number and MMID (Mobile Money Identifier).

Always double-check the IFSC code along with the recipient’s account number before confirming any transaction to avoid delays or misdirected funds.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand provides several key advantages:

• It ensures the accurate routing of your funds to the intended bank and branch, preventing errors.
• It is mandatory for initiating and receiving money through popular electronic transfer systems like NEFT, RTGS, and IMPS.
• Knowing the IFSC code helps speed up online transactions, as the system can quickly identify the destination branch.
• Each IFSC code uniquely identifies a specific bank branch, making the financial transaction process more secure and organized.
• It helps in verifying bank details, ensuring you are sending money to a legitimate and identifiable branch.

Contact Information

Should you need to reach the ASHIANA NAGAR PATNA branch or the bank’s head office, here are the contact details:

• Branch Phone Number: 9771464409
• Branch Address: ASHIANA NAGAR PATNA, Patna, 800025, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are answers to some common questions about IFSC codes:

Q1: What does “PUNB” in the IFSC code PUNB0MBGB06 mean?
A1: “PUNB” stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank, under which the ASHIANA NAGAR PATNA branch operates.

Q2: Is the fifth character of an IFSC code always zero?
A2: Yes, the fifth character of every IFSC code is always a ‘0’ (zero). This is a standard practice set by the Reserve Bank of India, reserved for future use.

Q3: Can I use an old IFSC code for Dakshin Bihar Gramin Bank?
A3: No. Following the merger that formed Madhya Bihar Gramin Bank, any old IFSC codes previously used by Dakshin Bihar Gramin Bank are no longer valid. You must use the unified IFSC code, PUNB0MBGB06, for all transactions to the ASHIANA NAGAR PATNA branch.

Q4: What are the typical transaction limits for NEFT, RTGS, and IMPS?
A4: While limits can vary by bank and type of account, generally, NEFT has no minimum or maximum amount (though some banks may set a lower cap for online transactions). RTGS has a minimum limit of Rs. 2 Lakhs (200,000 rupees) with no upper limit. IMPS typically has a maximum limit of Rs. 5 Lakhs (500,000 rupees) per transaction.

Q5: Where else can I find the IFSC code for my bank branch?
A5: You can typically find your branch’s IFSC code on your chequebook, bank passbook, or account statements. It’s also readily available on the bank’s official website or through various banking apps.