Bihar Gramin Bank Parora IFSC Code

The Bihar Gramin Bank branch in Parora, located in the Purnia district of Bihar, serves as a crucial point for financial transactions in the region. Understanding its Indian Financial System Code (IFSC) is essential for anyone looking to transfer funds electronically. The IFSC code acts like a unique digital address for bank branches, making sure your money goes to the right place. It’s mandatory for popular digital payment methods like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS).

Branch Details

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Parora
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100710
Branch Address	Parora, PURNIA, 854304
Contact Number	9297954163
City	PURNIA
District	PURNIA
Pincode	854304
State	Bihar

Merger Update

For customers of Bihar Gramin Bank, it is important to know about the bank’s structure. Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) merged to form what is now known as Bihar Gramin Bank. This merger brought the regional rural banking services in Bihar under a unified entity, sponsored by Punjab National Bank. Due to this, all branches, including Parora, now use IFSC codes that reflect this sponsorship. The IFSC code PUNB0MBGB06 is used for the Parora branch, which clearly indicates its affiliation with Punjab National Bank (PUNB). It is crucial to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. Always use the current and unified IFSC code, such as PUNB0MBGB06, for all your fund transfers to ensure they are processed correctly.

What is IFSC Code?

The IFSC (Indian Financial System Code) is a unique, 11-character alphanumeric code. It identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. This code helps the banking system direct funds to the exact branch. Here’s how it’s structured:

• The first four characters represent the bank name. For instance, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a “0” (zero). This is a control character reserved for future use.
• The last six characters identify the specific branch. In our example, “MBGB06” uniquely points to the Parora branch within the Bihar Gramin Bank system, under PNB sponsorship.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you’re sending money electronically. Here are the steps for common fund transfer methods:

• For NEFT (National Electronic Funds Transfer): When you initiate an NEFT transfer through your bank’s online portal or mobile app, you will need to enter the beneficiary’s bank name, account number, and the IFSC code (PUNB0MBGB06 for Parora branch). The NEFT system processes transactions in batches.
• For RTGS (Real Time Gross Settlement): Similar to NEFT, RTGS also requires the beneficiary’s bank name, account number, and the correct IFSC code. RTGS is used for high-value transactions (typically above ₹2 lakh) and processes payments individually and in real-time.
• For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers. When using IMPS, you’ll provide the beneficiary’s mobile number and MMID, or their account number and IFSC code (PUNB0MBGB06).

Always double-check the IFSC code and account number before confirming any transaction to prevent errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• It enables seamless and accurate electronic fund transfers through NEFT, RTGS, and IMPS.
• It helps in making online payments for various services, ensuring the funds reach the correct recipient bank and branch.
• It is required for setting up direct debits or automated payments from your account.
• It is often needed when filling out various financial forms, such as those for income tax, loan applications, or insurance.
• It acts as a unique identifier for your bank branch, reducing the chances of misdirected funds.

Contact Information

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

• Parora Branch Phone Number: 9297954163
• Parora Branch Address: Parora, PURNIA, 854304, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Q1: Is the IFSC code PUNB0MBGB06 only for the Parora branch?

A1: Yes, the specific 11-character code PUNB0MBGB06 is unique to the Bihar Gramin Bank, Parora branch, in Purnia, Bihar. Every branch has its own distinct IFSC code.

Q2: What happens if I use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?

A2: If you use an old IFSC code from UBGB or DBGB, your transaction will likely fail. Following the merger, these old codes are no longer active. Always use the current IFSC code, like PUNB0MBGB06, which reflects the merged entity and its sponsorship by Punjab National Bank.

Q3: Can I find the IFSC code on my passbook or chequebook?

A3: Yes, the IFSC code is typically printed on the first page of your bank passbook and on the top of your cheque leaves. It’s a standard practice for banks to display this important code there.

Q4: Is the IFSC code the same as the SWIFT code?

A4: No, IFSC and SWIFT codes are different. An IFSC code is used for domestic electronic fund transfers within India, while a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code is used for international wire transfers between banks globally.

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 basic cash deposits or withdrawals made directly at your bank branch. The IFSC code is specifically required for electronic fund transfers that happen between different bank branches.