Bihar Gramin Bank Nazirpur IFSC Code

If you are looking to manage your banking transactions for the Bihar Gramin Bank’s Nazirpur branch, located in Samastipur, Bihar, understanding its Indian Financial System Code (IFSC) is essential. This unique code acts like a digital address for the branch, making sure your online fund transfers through services like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) reach the correct bank and branch without errors.

Branch Details

Field	Detail
Bank Name	Bihar Gramin Bank
Branch Name	Nazirpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3981
Branch Address	Nazirpur, Samastipur, 848114
Contact Number	7070098473
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848114
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two important regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks now operate under the unified identity of Bihar Gramin Bank. As a result of this merger, all branches, including Nazirpur, now use a single, standardized IFSC code structure. The code PUNB0MBGB06, for example, is part of this new system and is sponsored by Punjab National Bank.

It is important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid for transactions. To ensure your funds are transferred successfully, always use the new, consolidated IFSC codes like PUNB0MBGB06 for Bihar Gramin Bank branches.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in online fund transfers. It helps direct your money to the exact branch you intend.

Here is how the IFSC code PUNB0MBGB06 for Bihar Gramin Bank Nazirpur branch is structured:

• The first four characters (PUNB) represent the bank name. In this case, PUNB stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always 0 (zero). This character is reserved for future use by the Reserve Bank of India.
• The last six characters (MBGB06) identify the specific branch. For the Nazirpur branch, this is “MBGB06”.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you’re making an online fund transfer. Here are the steps you’ll typically follow for NEFT, RTGS, or IMPS transactions:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank account online using your credentials.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add a New Beneficiary: If you haven’t sent money to this account before, you will need to add the recipient as a new beneficiary.
4. Enter Beneficiary Details:
   • Beneficiary Account Holder Name
   • Beneficiary Account Number (and confirm it)
   • Beneficiary Bank Name (Bihar Gramin Bank)
   • Beneficiary Branch Name (Nazirpur)
   • The crucial IFSC Code: PUNB0MBGB06
5. Enter Amount and Confirm: Specify the amount you wish to transfer and confirm the details. You may need to enter a transaction password or OTP (One Time Password) to complete the transfer.

Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong recipient.

Benefits of Knowing Your IFSC Code

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

• Secure Fund Transfers: It ensures your money is routed correctly to the intended bank and branch, reducing the risk of errors.
• Faster Processing: Correct IFSC codes help speed up the processing of NEFT, RTGS, and IMPS transactions.
• Essential for Online Banking: It is a mandatory detail for setting up online transfers and adding beneficiaries.
• Prevents Transaction Failures: An incorrect IFSC code will usually lead to a failed transaction, preventing your money from going astray.
• Easy Account Management: It’s a key piece of information needed for various banking services, including checking account details and setting up automated payments.

Contact Information

For any queries related to your account or transactions with Bihar Gramin Bank Nazirpur branch, you can use the following contact details:

• Branch Phone Number: 7070098473
• Branch Address: Nazirpur, Samastipur, 848114
• 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 Nazirpur IFSC code and related topics:

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

Q2: Is Bihar Gramin Bank associated with Punjab National Bank?
A2: Yes, Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. This is why its IFSC codes start with “PUNB”.

Q3: Can I use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) for transactions?
A3: No. Following the merger that formed Bihar Gramin Bank, all old IFSC codes from UBGB and DBGB have been revoked. You must use the new, unified IFSC codes, such as PUNB0MBGB06, for all transactions with Bihar Gramin Bank branches.

Q4: What is the difference between NEFT, RTGS, and IMPS?
A4: All three are electronic fund transfer systems.

• NEFT (National Electronic Funds Transfer): Processes payments in batches throughout the day. It’s suitable for non-urgent transfers.
• RTGS (Real-Time Gross Settlement): Processes transactions individually and immediately. It’s typically used for high-value transfers (minimum amount is usually Rs. 2 lakh).
• IMPS (Immediate Payment Service): Allows instant, 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent transactions via mobile banking.

Q5: Where can I find the IFSC code for my bank branch?
A5: You can usually find the IFSC code printed on your bank’s chequebook, bank passbook, or by checking the bank’s official website. It is also available on third-party financial websites or through your net banking portal.

Q6: Is the MICR code the same as the IFSC code?
A6: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code (e.g., 800811002 for Nazirpur) is a 9-digit code used primarily for processing paper-based documents like cheques. The IFSC code is for electronic fund transfers.