Bihar Gramin Bank GOUSGANG IFSC Code

The Bihar Gramin Bank branch located in GOUSGANG, Patna, Bihar, plays an important role in the local financial landscape. For anyone looking to transfer funds digitally, understanding and correctly using the Indian Financial System Code (IFSC) is key. This unique code allows for smooth and secure online transactions through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It ensures your money reaches the right bank and the correct branch without any errors.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	GOUSGANG
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6882
Branch Address	GOUSGANG, Patna, 801110, 9523596882
Contact Number	9523596882
City	Patna
District	Patna
Reason	PATNA
Pincode	801110
State	Bihar

Merger Update for Regional Rural Banks in Bihar

While this specific branch is part of Bihar Gramin Bank, it’s important to understand the broader changes concerning Regional Rural Banks (RRBs) in the region. Historically, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged. These merged entities, like many other RRBs in Bihar, now operate under the sponsorship of Punjab National Bank (PNB).

As a result of such mergers and PNB’s sponsorship, the IFSC codes for these banks have been standardized. For instance, the code PUNB0MBGB06 for the GOUSGANG branch shows the “PUNB” prefix, indicating Punjab National Bank’s sponsorship. It’s crucial to know that any old IFSC codes previously associated with UBGB or DBGB are now revoked. For any transactions, only the new, updated IFSC codes, following this format (e.g., PUNB0MBGB06), are valid.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code used to identify all bank branches participating in online money transfers within India. It is unique to each branch. This code is crucial for ensuring that your funds are directed to the correct recipient bank branch during online transactions.

The structure of an IFSC code is simple:

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific bank branch. In the code PUNB0MBGB06, “MBGB06” pinpoints the GOUSGANG branch.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you want to transfer money online through NEFT, RTGS, or IMPS. Here’s a general guide:

1. Log in to your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select Fund Transfer Option: Look for options like ‘NEFT’, ‘RTGS’, or ‘IMPS’.
3. Add Beneficiary Details: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter Beneficiary Bank Details: Provide the recipient’s bank account number, account holder’s name, and the specific IFSC code (PUNB0MBGB06 for GOUSGANG branch).
5. Confirm and Transact: Double-check all the details before confirming the transfer. The system uses the IFSC code to route your money to the correct bank and branch.

Benefits of Knowing Your IFSC Code

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

• It enables secure and accurate online money transfers via NEFT, RTGS, and IMPS.
• It helps avoid transaction failures or delays caused by incorrect routing.
• It is required for setting up direct debits or automated payments.
• It ensures compliance with banking regulations for digital transactions.
• It provides a unique identifier for your specific branch, simplifying communication with other financial institutions.

Contact Information

For any queries or assistance related to the GOUSGANG branch of Bihar Gramin Bank:

• Branch Phone Number: 9523596882
• Branch Address: GOUSGANG, Patna, 801110, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, each individual branch of Bihar Gramin Bank, and any other bank, has its own unique IFSC code. While the first few characters might be the same (e.g., ‘PUNB’ for sponsored banks), the last six characters will differ for each branch.

Q2: Can I find the IFSC code on my bank passbook or cheque book?
A2: Yes, the IFSC code is typically printed on the first page of your bank passbook and on individual cheque leaves. It’s usually found near the branch address details.

Q3: What happens if I use an incorrect IFSC code for a transaction?
A3: If you use an incorrect IFSC code, your transaction will likely fail. The banking system will not be able to route the funds to the intended recipient’s branch. In some cases, if the incorrect code belongs to another valid branch, your funds could be sent to the wrong place, requiring a reversal process.

Q4: Is the IFSC code the same as the MICR code?
A4: No, IFSC and MICR codes are different. The IFSC code is used for online fund transfers, while the Magnetic Ink Character Recognition (MICR) code is a 9-digit code used primarily for processing physical cheques. The MICR code for GOUSGANG branch is 800811002.

Q5: Do I need the IFSC code for cash deposits or withdrawals at the branch?
A5: No, you do not need the IFSC code for routine cash deposits or withdrawals directly at the bank branch. The IFSC code is specifically required for online inter-bank fund transfers.