Bihar Gramin Bank Gulab Baug-Purnea IFSC Code

In Gulab Baug-Purnea, Bihar, managing your money often involves digital transactions. Whether you’re sending funds to family, paying bills, or receiving money, understanding the IFSC code is essential. This unique eleven-character code is a key piece of information for any online money transfer, including services like NEFT, RTGS, and IMPS. It helps ensure your money reaches the correct bank and branch without any errors.

Branch Details

Here are the complete details for the Bihar Gramin Bank branch located in Gulab Baug-Purnea:

Bank Name	Bihar Gramin Bank
Branch Name	Gulab Baug-Purnea
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100828
Branch Address	Gulab Baug-Purnea, PURNIA, 854326, 9297954141
Contact Number	9297954141
City	PURNIA
District	PURNIA
Reason	PURNEA
Pincode	854326
State	Bihar

Merger Update

Bihar Gramin Bank, like many other Regional Rural Banks sponsored by Punjab National Bank, has adopted a standardized IFSC code structure following various amalgamations. For example, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) merged, and they, along with other consolidated entities under Punjab National Bank’s sponsorship, now use a common IFSC pattern. This standardization means that for Bihar Gramin Bank’s Gulab Baug-Purnea branch, the valid IFSC code is PUNB0MBGB06.

It’s very important to note that any older, previously used IFSC codes for these banks, including those from UBGB or DBGB, are no longer valid for transactions. Always use the current, unified code: PUNB0MBGB06, to ensure your financial transfers are successful.

What is IFSC Code?

The IFSC Code, which stands for Indian Financial System Code, is a unique eleven-character alphanumeric code. It’s assigned by the Reserve Bank of India (RBI) to identify each bank branch participating in online money transfers.

The code follows a specific structure:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a “zero” (0). This character is reserved for future use.
• The last six characters uniquely identify the specific bank branch. In our example, “MBGB06” points to the Gulab Baug-Purnea branch’s identity within the broader Punjab National Bank Gramin Bank structure.

This structure helps the banking system direct funds accurately to the intended recipient’s bank and branch, even among the thousands of branches across India.

How to Use IFSC Code

Using the IFSC code is a straightforward part of making online fund transfers through NEFT, RTGS, or IMPS. Here’s a step-by-step guide:

1. Log In to Your Bank’s Online Portal or Mobile App: Access your internet banking account or open your mobile banking application.
2. Initiate a Fund Transfer: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary (If New): If you haven’t sent money to this person before, you’ll need to add them as a new beneficiary.
4. Enter Beneficiary Details: You will need the recipient’s name, their account number, the bank’s name (Bihar Gramin Bank), and the branch name (Gulab Baug-Purnea).
5. Input the IFSC Code: This is where you enter PUNB0MBGB06. Double-check this code carefully.
6. Confirm and Transfer: After entering all details and the amount, review everything to ensure accuracy. Then, proceed with the transfer.

For NEFT and RTGS, transfers happen in batches or at specific intervals. IMPS offers instant transfers, even on holidays. In all these methods, the correct IFSC code is non-negotiable for a successful transaction.

Benefits of Knowing Your IFSC Code

Understanding and having easy access to your bank’s IFSC code offers several advantages:

• Seamless Fund Transfers: It’s essential for all online money transfers like NEFT, RTGS, and IMPS, ensuring your money reaches the right destination.
• Prevents Errors: The unique branch identification minimizes the risk of funds going to the wrong account or bank.
• Faster Processing: With the correct IFSC, banks can process your transactions more efficiently, leading to quicker crediting of funds.
• Required for Bill Payments: Many online bill payment services or utility providers might ask for the IFSC code when setting up payment mandates.
• Crucial for Receivers: If someone needs to send you money online, you’ll need to provide them with your bank’s IFSC code, along with your account number.
• Branch Identification: It quickly tells you which bank and branch are associated with a particular account, useful for verification.

Contact Information

Should you need to get in touch with the Bihar Gramin Bank or its Gulab Baug-Purnea branch, here are the relevant contact details:

• Gulab Baug-Purnea Branch Phone Number: 9297954141
• Gulab Baug-Purnea Branch Address: Gulab Baug-Purnea, PURNIA, 854326, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 specific to Bihar Gramin Bank or common for many regional banks?

A1: While PUNB0MBGB06 is the valid code for Bihar Gramin Bank’s Gulab Baug-Purnea branch, it’s also part of a standardized IFSC structure adopted by several Regional Rural Banks sponsored by Punjab National Bank, especially after mergers and consolidations. This means similar codes might be used by other PNB-sponsored Gramin Banks, indicating a unified system.

Q2: What should I do if my online transfer fails due to an incorrect IFSC code?

A2: If your transfer fails because of an incorrect IFSC code, the funds are typically returned to your account within a few hours or days, as the banking system cannot identify a valid recipient branch. Always double-check the IFSC code before initiating a transaction to avoid such delays.

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

A3: Yes, the IFSC code is usually printed on your bank passbook. For cheque books, you can typically find it printed on the cheque leaves themselves, often next to the MICR code.

Q4: What is the difference between an IFSC code and a MICR code?

A4: An IFSC code (Indian Financial System Code) is used for online fund transfers like NEFT, RTGS, and IMPS, identifying the bank and branch electronically. A MICR code (Magnetic Ink Character Recognition) is a nine-digit code printed on cheque leaves using special magnetic ink. It’s primarily used for processing cheques and clearing purposes.

Q5: Is it possible for a bank branch’s IFSC code to change?

A5: Yes, an IFSC code can change, especially during bank mergers, amalgamations, or when a bank undergoes restructuring. When such changes occur, the bank typically informs its customers. It’s always best to verify the latest IFSC code, especially for older beneficiaries or if you hear about bank mergers affecting your institution.