Bihar Gramin Bank Nayagaon IFSC Code

If you’re looking to send or receive money at the Bihar Gramin Bank branch in Nayagaon, Sheohar, understanding its Indian Financial System Code (IFSC) is key. The IFSC is a unique 11-character code used for electronic fund transfers like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). This specific code ensures your money goes to the correct branch and account, making transactions smooth and secure.

Branch Details

Here are the essential details for the Bihar Gramin Bank Nayagaon branch:

Bank Name	Bihar Gramin Bank
Branch Name	Nayagaon
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100048
Branch Address	Nayagaon, SHEOHAR, Bihar, Pincode: 0
Contact Number	9297954796
City	SHEOHAR
District	SHEOHAR
Region	SITAMARHI
Pincode	0
State	Bihar

Merger Update

The Bihar Gramin Bank has a significant history of consolidation. It was formed by the merger of two prominent regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks now operate under the single identity of Bihar Gramin Bank. This new entity is sponsored by Punjab National Bank.

Because of this merger, all branches, including Nayagaon, now use a unified IFSC code structure under Punjab National Bank’s sponsorship. The specific IFSC code for Nayagaon, PUNB0MBGB06, reflects this change. It is crucial to understand that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid. For any fund transfers to or from Bihar Gramin Bank Nayagaon, you must use the current, valid IFSC code: PUNB0MBGB06.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online money transfers within India. Think of it as a digital address for a specific bank branch.

The 11 characters are structured in a particular way:

• The first four characters represent the bank name. For Bihar Gramin Bank, since it is sponsored by Punjab National Bank, these characters are PUNB.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. For the Nayagaon branch, these characters are MBGB06.

So, PUNB0MBGB06 breaks down to: PUNB (Punjab National Bank, the sponsor), 0 (reserved), and MBGB06 (Nayagaon branch code).

How to Use an IFSC Code

Using an IFSC code is straightforward when you want to send money electronically. Here’s how it works for NEFT, RTGS, and IMPS transactions:

1. Adding a Beneficiary: Before you can send money to a new recipient, you usually need to add them as a beneficiary in your bank’s online banking portal or mobile app.
2. Providing Details: During this process, you will be asked for the beneficiary’s bank account number, their name, and the IFSC code of their bank branch. For the Nayagaon branch of Bihar Gramin Bank, you would enter PUNB0MBGB06.
3. Initiating the Transfer: Once the beneficiary is added and approved, you can select them from your list. Then, you choose the transfer type (NEFT, RTGS, or IMPS), enter the amount, and confirm the transaction. The system automatically uses the stored IFSC code to direct the funds.
4. Offline Transfers: Even if you are filling out a physical form at your bank to make a transfer, the bank representative will ask for the beneficiary’s IFSC code to ensure the funds are routed correctly.

Always double-check the IFSC code and account number before confirming any transaction to avoid delays or incorrect transfers.

Benefits of Knowing Your IFSC Code

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

• It ensures accurate and secure fund transfers, reducing the risk of money going to the wrong account.
• It facilitates faster processing of electronic payments like NEFT, RTGS, and IMPS.
• It is essential for all online banking transactions where you need to send money to another bank account.
• It helps uniquely identify every bank branch across India, even if multiple branches share the same name in different cities or districts.
• It allows for seamless financial operations, whether you’re paying bills, sending money to family, or handling business transactions.

Contact Information

Here’s how you can get in touch with Bihar Gramin Bank:

• Nayagaon Branch Phone Number: 9297954796
• Nayagaon Branch Address: Nayagaon, SHEOHAR, Bihar, Pincode: 0
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank Nayagaon IFSC code:

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

Q2: Why is the IFSC code important for bank transfers?
A2: The IFSC code is crucial because it uniquely identifies the specific bank branch where the beneficiary holds an account. This ensures that your electronic fund transfer (NEFT, RTGS, IMPS) reaches the correct destination quickly and securely, preventing errors.

Q3: Can I use an old IFSC code for a branch that was previously Uttar Bihar Gramin Bank?
A3: No, you should not use old IFSC codes. Following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, all old IFSC codes have been revoked. You must use the new, valid IFSC code, which is PUNB0MBGB06 for the Nayagaon branch.

Q4: What do the different parts of the IFSC code PUNB0MBGB06 signify?
A4: In PUNB0MBGB06, ‘PUNB’ represents Punjab National Bank, the sponsor bank of Bihar Gramin Bank. The ‘0’ (fifth digit) is a control character reserved for future use. The last six characters, ‘MBGB06’, specifically identify the Nayagaon branch of Bihar Gramin Bank.

Q5: Is Bihar Gramin Bank a public or private sector bank?
A5: Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are government-owned scheduled commercial banks that operate at the regional level in various states of India. They are sponsored by larger public sector banks, in this case, Punjab National Bank.