Bihar Gramin Bank NASRIGANJ IFSC Code

Navigating financial transactions today requires precise information, especially when sending money electronically. For residents and account holders of the Bihar Gramin Bank branch in NASRIGANJ, Rohtas, understanding your branch’s Indian Financial System Code, or IFSC, is key. This unique code allows for smooth and secure fund transfers through systems like NEFT, RTGS, and IMPS, ensuring your money reaches the right destination without delays. The NASRIGANJ branch, located in the Rohtas district of Bihar with pincode 821310, is an important financial hub for the local community, and its IFSC code is crucial for all digital banking activities.

Branch Details

Here are the complete details for the Bihar Gramin Bank NASRIGANJ branch:

Bank Name	Bihar Gramin Bank
Branch Name	NASRIGANJ
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7520
Branch Address	NASRIGANJ, Rohtas, 821310
Contact Number	7541807520
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	821310
State	Bihar

Merger Update

The banking landscape in Bihar has seen significant changes. Earlier, there were two distinct regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form a single, unified entity now known as Bihar Gramin Bank. This new bank operates under the sponsorship of Punjab National Bank (PNB).

As a result of this merger, all branches that previously belonged to UBGB or DBGB, including the NASRIGANJ branch, now use a unified IFSC code structure. The specific IFSC code for the NASRIGANJ branch, PUNB0MBGB06, reflects this change. It is crucial to understand that all old IFSC codes associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now revoked and no longer valid for transactions. For any fund transfers to or from Bihar Gramin Bank NASRIGANJ, only the new IFSC code, PUNB0MBGB06, must be used to ensure your transaction is successful.

What is IFSC Code?

The IFSC Code stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch in India. The Reserve Bank of India (RBI) assigns these codes to facilitate electronic fund transfers.

The structure of an IFSC code is simple and consistent:

• The first four characters represent the bank’s name. For example, “PUNB” in PUNB0MBGB06 indicates Punjab National Bank (as the sponsoring bank for Bihar Gramin Bank).
• The fifth character is always a ‘0’ (zero). This character is reserved for future use and remains constant across all IFSC codes.
• The last six characters uniquely identify the specific bank branch. In the case of PUNB0MBGB06, “MBGB06” points to the NASRIGANJ branch.

Understanding this structure helps you verify the details when performing a transaction. It ensures you are sending money to the correct bank and branch.

How to Use IFSC Code

You will need the IFSC code primarily when making electronic fund transfers like NEFT, RTGS, or IMPS. Here’s a step-by-step guide on how to use it:

1. Gather Beneficiary Details: Before initiating a transfer, you need the beneficiary’s full name, account number, bank name, and the specific IFSC code of their bank branch. For instance, if you are sending money to an account in the Bihar Gramin Bank NASRIGANJ branch, you will need the IFSC code PUNB0MBGB06.
2. Log in to Your Banking Platform: Access your online banking portal or mobile banking app.
3. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
4. Add Beneficiary (If New): If you haven’t transferred money to this person before, you’ll need to add them as a new beneficiary. You will enter their name, account number, and the IFSC code (PUNB0MBGB06 for NASRIGANJ). The bank name will usually populate automatically once the IFSC code is entered.
5. Enter Transfer Amount: Specify the amount of money you wish to send.
6. Confirm Details: Double-check all the entered information, especially the account number and IFSC code, to prevent errors. A wrong IFSC code could lead to delays or the transfer being sent to the wrong bank.
7. Authorize Transaction: Complete the transfer using your transaction password, PIN, or OTP as required by your bank.

For example, if you are transferring Rs. 10,000 to your relative’s account at Bihar Gramin Bank NASRIGANJ using NEFT, you would input their account number and PUNB0MBGB06 into your bank’s online transfer form.

Benefits of Knowing IFSC Code

Knowing the correct IFSC code for your bank branch, or for any branch you wish to transfer money to, offers several important benefits:

• Enables Electronic Transfers: It is mandatory for all inter-bank electronic fund transfers, including NEFT, RTGS, and IMPS.
• Ensures Accuracy: The unique nature of the IFSC code helps ensure that funds are credited to the correct beneficiary bank branch, reducing transfer errors.
• Faster Transactions: With the correct IFSC, electronic transfers are processed quickly and efficiently, often within minutes for IMPS and within a few hours for NEFT/RTGS during working hours.
• Convenience: It allows you to send and receive money from anywhere in India without needing to visit a bank branch.
• Security: The standardized system reduces the risk of fraud by clearly identifying bank branches.

Contact Information

For inquiries or assistance related to Bihar Gramin Bank:

• Branch Phone Number (NASRIGANJ): 7541807520
• Branch Address (NASRIGANJ): NASRIGANJ, Rohtas, 821310
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What if I use an old IFSC code for Bihar Gramin Bank?
A1: If you use an old IFSC code that belonged to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank before the merger, your transaction will likely fail. The system will not recognize the old code as valid. Always use the new, unified IFSC code like PUNB0MBGB06 for Bihar Gramin Bank branches.

Q2: Is the IFSC code the same for all Bihar Gramin Bank branches?
A2: No, while the first five characters (PUNB0) are common across all Bihar Gramin Bank branches, the last six characters are unique to each specific branch. This means the NASRIGANJ branch will have a different IFSC code than, say, a branch in Patna or Gaya.

Q3: Can I find the IFSC code on my passbook?
A3: Yes, most bank passbooks and cheque leaves have the IFSC code printed on them. You can usually find it on the first page of your passbook or on a cheque leaf. However, always verify if it’s the current code, especially after bank mergers.

Q4: What is the difference between NEFT, RTGS, and IMPS?
A4: All three are electronic fund transfer methods. NEFT (National Electronic Funds Transfer) processes transactions in batches, typically within a few hours. RTGS (Real Time Gross Settlement) processes transactions individually and in real time, suitable for large amounts (usually above Rs. 2 lakhs). IMPS (Immediate Payment Service) allows instant, 24/7 transfers, even on holidays, for smaller to medium amounts.

Q5: Is it safe to share my bank’s IFSC code?
A5: Yes, the IFSC code is public information and is safe to share. It only helps identify your bank branch for receiving funds. Your account number, PIN, and OTP are sensitive and should never be shared.