Bihar Gramin Bank GOSAIN TOLA IFSC Code

When you need to send money electronically to the Bihar Gramin Bank branch in GOSAIN TOLA, Patna, understanding the IFSC code is crucial. This unique code acts like a digital address, ensuring your funds reach the correct recipient and branch smoothly. It’s essential for various digital transactions, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS).

Branch Details

Here are the key details for the Bihar Gramin Bank GOSAIN TOLA branch:

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	GOSAIN TOLA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7423
Branch Address	GOSAIN TOLA, Patna, 800010, 9771464423
Contact Number	9771464423
City	Patna
District	Patna
Reason	PATNA
Pincode	800010
State	Bihar

Merger Update

It’s important to note a significant change regarding Bihar Gramin Bank. This bank was formed from the merger of two older regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these entities have now consolidated into a single entity, Bihar Gramin Bank, sponsored by Punjab National Bank.

As a result of this merger, all branches of the erstwhile UBGB and DBGB now operate under the unified Bihar Gramin Bank and use a new series of IFSC codes. For the GOSAIN TOLA branch, and indeed for all Bihar Gramin Bank branches, the new and only valid IFSC code is PUNB0MBGB06. Any previous IFSC codes associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked and are no longer valid for fund transfers. Always use PUNB0MBGB06 for transactions to this branch.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alpha-numeric code that uniquely identifies every bank branch participating in online fund transfers across India. This code is crucial for ensuring that money is sent to the correct bank and branch.

The structure of an IFSC code is as follows:

• The first four characters represent the bank. For example, in PUNB0MBGB06, “PUNB” signifies Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely points to the GOSAIN TOLA branch of Bihar Gramin Bank.

How to Use the IFSC Code

The IFSC code is essential when you want to transfer money electronically using services like NEFT, RTGS, or IMPS. Here’s a general guide on how to use it:

1. Log In: Access your net banking portal or mobile banking application provided by your bank.
2. Select Transfer Type: Choose the type of fund transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): This service processes funds in batches throughout the day. Your money will typically reach the beneficiary within a few hours.
   • RTGS (Real Time Gross Settlement): This is for large-value transactions (usually above INR 2 lakhs) and processes funds individually and continuously, meaning the transfer happens almost instantly.
   • IMPS (Immediate Payment Service): This service allows for instant, 24/7 fund transfers, suitable for smaller amounts.
3. Add Beneficiary Details: If you’re transferring to a new recipient, you will need to add them as a beneficiary. You’ll typically be asked for:
   • Beneficiary Name
   • Beneficiary Account Number (and confirm it)
   • Beneficiary Bank Name (e.g., Bihar Gramin Bank)
   • The specific IFSC Code of the beneficiary’s branch (e.g., PUNB0MBGB06 for GOSAIN TOLA)
4. Enter Amount: Specify the amount you wish to transfer.
5. Confirm and Authorize: Review all details carefully. Once confirmed, authorize the transaction using your password or PIN.

Always double-check the IFSC code and account number before initiating a transfer to avoid any errors or delays in processing.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or the branch of a recipient, offers several advantages:

• Ensures Accuracy: It directs your funds to the precise branch and account, minimizing the risk of errors in electronic transfers.
• Facilitates Digital Transactions: It is a mandatory requirement for all major online fund transfer methods like NEFT, RTGS, and IMPS, enabling quick and efficient banking.
• Speeds Up Payments: With the correct IFSC, your transactions are processed smoothly, leading to faster crediting of funds to the recipient’s account.
• Uniquely Identifies Branches: Each bank branch has a distinct IFSC, making it easy to identify and differentiate between various branches of the same bank.
• Required for Online Forms: Many online application forms, such as those for investments or bill payments, require the IFSC code to link to your bank account.

Contact Information

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

• Branch Phone Number: 9771464423
• Branch Address: GOSAIN TOLA, Patna, 800010
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank GOSAIN TOLA IFSC code:

Q1: What is the IFSC code for Bihar Gramin Bank GOSAIN TOLA branch?
A1: The IFSC code for Bihar Gramin Bank, GOSAIN TOLA branch, is PUNB0MBGB06.

Q2: Is the IFSC code PUNB0MBGB06 still valid for Bihar Gramin Bank?
A2: Yes, PUNB0MBGB06 is the current and valid IFSC code for this branch after the merger that formed Bihar Gramin Bank. It is sponsored by Punjab National Bank.

Q3: What do the ‘PUNB’ and ‘MBGB06’ parts of the IFSC code signify?
A3: ‘PUNB’ indicates Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank. ‘MBGB06’ is the specific branch code that identifies the GOSAIN TOLA branch.

Q4: Can I use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank for transfers to this branch?
A4: No, you cannot. After the merger, all old IFSC codes belonging to Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. Only the new unified IFSC code, PUNB0MBGB06, is valid for transfers to Bihar Gramin Bank branches, including GOSAIN TOLA.

Q5: What types of transactions require an IFSC code?
A5: An IFSC code is required for all major electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).