Bihar Gramin Bank DANIYAWAN IFSC Code

When you need to send money electronically to the Bihar Gramin Bank branch in DANIYAWAN, located in Patna, Bihar, you’ll need a special code called the IFSC code. This code is like a unique digital address for the branch, making sure your funds reach the correct recipient quickly and securely. It’s essential for all modern electronic fund transfers, including NEFT, RTGS, and IMPS transactions.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	DANIYAWAN
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7551
Branch Address	DANIYAWAN, Patna, 801304
Contact Number	7541807551
City	Patna
District	Patna
Pincode	801304
State	Bihar

Merger Update

Bihar Gramin Bank, including its DANIYAWAN branch, now operates under the sponsorship of Punjab National Bank (PNB). This change is a result of the merger of several regional rural banks, including Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), to form a unified entity. Due to this consolidation, a new, standardized IFSC code system has been adopted.

For any electronic transactions to Bihar Gramin Bank DANIYAWAN, you must use the IFSC code PUNB0MBGB06. It’s very important to note that any old IFSC codes previously used for UBGB or DBGB branches have been revoked. These older codes are no longer valid for fund transfers. Always use the current code, PUNB0MBGB06, to ensure your transactions are successful.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character code used to identify all bank branches that participate in India’s electronic fund transfer system. Think of it as a unique identifier for each bank branch in the country.

The 11 characters of the IFSC code are structured in a specific way:

• The first four characters represent the bank’s name. For the DANIYAWAN branch, “PUNB” indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use.
• The last six characters uniquely identify the specific bank branch. In the case of PUNB0MBGB06, “MBGB06” points to the DANIYAWAN branch of Bihar Gramin Bank.

This precise structure helps ensure that funds are directed to the correct branch without any errors.

How to Use IFSC Code

Using an IFSC code is a straightforward process when you’re making electronic fund transfers. Whether you’re using NEFT, RTGS, or IMPS, the steps are quite similar:

• Gather Beneficiary Details: You will need the recipient’s full name, their bank account number, the bank’s name (Bihar Gramin Bank), the specific branch name (DANIYAWAN), and critically, the IFSC code (PUNB0MBGB06).
• Log In to Your Bank: Access your internet banking portal or mobile banking app.
• Initiate a Transfer: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
• Add Beneficiary (if new): If you haven’t sent money to this person before, you’ll need to add them as a new beneficiary. You’ll enter all the details collected in the first step.
• Select Beneficiary and Amount: Choose the beneficiary from your list and enter the amount you wish to transfer.
• Confirm Transaction: Review all the details, especially the IFSC code and account number, before confirming the transfer.

Here’s a brief look at the transfer types:

• NEFT (National Electronic Funds Transfer): This system processes transfers in batches. Funds are typically settled within a few hours during banking hours.
• RTGS (Real Time Gross Settlement): Designed for large-value transactions, RTGS processes transfers individually and immediately. The funds are settled in real-time.
• IMPS (Immediate Payment Service): This service allows for instant, 24/7 fund transfers, even on holidays. It’s suitable for smaller amounts and is often used via mobile banking apps.

Benefits

Knowing and using the correct IFSC code for Bihar Gramin Bank DANIYAWAN offers several advantages:

• It ensures that your electronic fund transfers, such as NEFT, RTGS, and IMPS, are processed accurately and efficiently.
• The code acts as a unique identifier, greatly reducing the chances of funds being transferred to the wrong bank or branch.
• It is mandatory for all online and mobile banking transactions, allowing you to manage your finances conveniently from anywhere.
• The standardized nature of the IFSC code simplifies inter-bank transactions across India.
• It helps in quick reconciliation of transactions by banks, leading to faster updates for both sender and receiver.

Contact

If you need to get in touch with the Bihar Gramin Bank DANIYAWAN branch or the head office, here are the contact details:

• Branch Phone Number (DANIYAWAN): 7541807551
• Branch Address (DANIYAWAN): DANIYAWAN, Patna, 801304
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-free Customer Service Number: 18001807777

FAQs

What is the full IFSC code for Bihar Gramin Bank DANIYAWAN branch?

The full IFSC code is PUNB0MBGB06. It’s crucial to use this specific code for all electronic transfers to this branch.

Do I need an IFSC code for cash deposits or withdrawals at the branch?

No, an IFSC code is only required for electronic fund transfers like NEFT, RTGS, or IMPS. For cash deposits or withdrawals directly at the branch counter, you do not need the IFSC code.

What happens if I use an old or incorrect IFSC code?

If you use an old or incorrect IFSC code, your electronic fund transfer will likely fail. The transaction might be rejected by the banking system, and the funds would be returned to your account, causing delays. Always verify the code before making a transfer.

Is the IFSC code the same for all Bihar Gramin Bank branches?

No, each branch of Bihar Gramin Bank has a unique IFSC code. While the first few characters (PUNB0MBGB) might be similar due to the bank’s structure, the last six characters will differ for each specific branch.

What is the difference between an IFSC code and a MICR code?

An IFSC (Indian Financial System Code) is an 11-character code used for electronic fund transfers. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code primarily found on cheque leaves. It is used for processing cheques electronically. While both identify bank branches, their purposes in banking operations are different.