Bihar Gramin Bank Gaur Bazar IFSC Code

Welcome to Gaur Bazar, a vibrant locality in the SARAN district of Bihar. When you need to send or receive money through banking channels like NEFT, RTGS, or IMPS, understanding the Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address for bank branches, ensuring your funds reach the correct destination quickly and securely.

Branch Details

Here are the key details for the Bihar Gramin Bank branch located in Gaur Bazar:

Bank Name	Bihar Gramin Bank
Branch Name	Gaur Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100567
Branch Address	Gaur Bazar, SARAN, 841413, 9297955224
Contact Number	9297955224
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841413
State	Bihar

Merger Update

The Bihar Gramin Bank, under which the Gaur Bazar branch operates, is now part of a streamlined structure. Previously, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) served different regions. These banks have since undergone mergers and restructuring. For branches like Gaur Bazar, which now fall under the Punjab National Bank sponsorship, the single IFSC code PUNB0MBGB06 is now the standard for all financial transactions.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) for this branch have been revoked. Always use PUNB0MBGB06 for any fund transfers to or from the Bihar Gramin Bank, Gaur Bazar branch. This ensures your transactions are processed correctly and without delays.

What is an IFSC Code?

An IFSC code is an 11-character alpha-numeric code that uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. It is essential for electronic fund transfers.

The structure of the IFSC code is as follows:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank (the sponsoring bank).
• The fifth character is always a zero (0). This is reserved for future use and acts as a control character.
• The last six characters uniquely identify the specific branch. For PUNB0MBGB06, “MBGB06” denotes the specific branch code within the Madhya Bihar Gramin Bank network.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are making online fund transfers:

1. Log in to your net banking or mobile banking app: Access your bank account online.
2. Select the type of transfer: Choose between NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service) based on the amount and urgency of your transfer.
3. Add a new beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter beneficiary details: You will need the beneficiary’s name, account number, and the correct IFSC code (PUNB0MBGB06 for Bihar Gramin Bank, Gaur Bazar).
5. Verify details: Double-check all the information, especially the account number and IFSC code, to avoid errors.
6. Enter the amount: Specify the amount you wish to transfer.
7. Confirm and complete the transaction: Follow the on-screen prompts to finalize the transfer.

Benefits of Knowing the IFSC Code

Knowing and using the correct IFSC code offers several advantages:

• Accurate Transfers: It ensures that your funds are transferred to the precise bank branch you intend, minimizing the risk of funds going to the wrong account.
• Faster Transactions: IFSC codes facilitate the quick processing of electronic transfers like NEFT, RTGS, and IMPS, allowing money to move between accounts efficiently.
• Secure Payments: By uniquely identifying each branch, IFSC codes add an extra layer of security to digital transactions.
• Online Banking Convenience: It enables you to perform banking operations from anywhere, anytime, without needing to visit a physical branch for transfers.
• Essential for Receipts: If you expect to receive funds, providing your IFSC code (along with your account number) ensures senders can easily transfer money to your account.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank, Gaur Bazar branch, you can use the following contact details:

• Branch Phone Number: 9297955224
• Branch Address: Gaur Bazar, SARAN, 841413, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank customer care, as sponsor bank): 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and their use:

Q1: Is an IFSC code required for all types of bank transactions?
A1: An IFSC code is specifically required for electronic fund transfers like NEFT, RTGS, and IMPS. It is not needed for cash deposits or withdrawals at a branch, or for cheque payments.

Q2: Can I find the IFSC code on my cheque book?
A2: Yes, the IFSC code is usually printed on the top left corner of your cheque leaf. It is also available on your bank passbook and the bank’s official website.

Q3: What happens if I use an incorrect IFSC code for a transfer?
A3: If you use an incorrect IFSC code, the transaction will likely fail. The bank’s system will identify the mismatch and reject the transfer. The funds will usually be returned to your account within a few hours or days.

Q4: Do all bank branches have a unique IFSC code?
A4: Yes, every bank branch participating in electronic fund transfers has its own unique 11-character IFSC code. This ensures precise identification during transactions.

Q5: Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank Gaur Bazar branch?
A5: Yes, as of the latest updates and following the restructuring, PUNB0MBGB06 is the single, valid IFSC code for the Bihar Gramin Bank, Gaur Bazar branch for all electronic fund transfers.