Bihar Gramin Bank Nikhtikalan IFSC Code

The Bihar Gramin Bank branch located in Nikhtikalan, Siwan, Bihar, serves as a vital financial hub for the local community. For anyone looking to transfer money to or from this branch using modern electronic systems like NEFT, RTGS, or IMPS, understanding and using the correct Indian Financial System Code (IFSC) is essential. This unique 11-character code ensures that your funds reach the intended bank and branch without any issues, making your transactions secure and efficient.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Nikhtikalan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100664
Branch Address	Nikhtikalan, SIWAN, 841504, 9297954489
Contact Number	9297954489
City	SIWAN
District	SIWAN
Pincode	841504
State	Bihar

Merger Update for Bihar Gramin Bank

The Bihar Gramin Bank operates as a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). This sponsorship means its IFSC codes are structured to reflect its association with PNB. The IFSC code PUNB0MBGB06 for the Nikhtikalan branch is the official and valid code for all financial transactions. It’s important to note that if there were any previous or older IFSC codes associated with constituent banks that merged to form the current Bihar Gramin Bank, those codes are now revoked. Always use the current and unified IFSC code PUNB0MBGB06 to ensure your fund transfers are processed correctly and without delay.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify every bank branch participating in online money transfers. Think of it as a specific address for a bank branch in the digital financial world. This code is crucial for ensuring that your money goes to the exact branch and account you intend.

The structure of an IFSC code is standard across all banks:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain uniqueness.
• The last six characters identify the specific bank branch. In our example, “MBGB06” identifies the Nikhtikalan branch of Bihar Gramin Bank.

This detailed structure makes sure that no two branches have the same IFSC, preventing errors in transactions.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code is a straightforward part of setting up an electronic fund transfer. Whether you’re sending money via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the process generally involves these steps:

1. Log In: Access your net banking portal or mobile banking application.
2. Select Transfer Type: Choose the type of transfer you wish to make (NEFT, RTGS, or IMPS).
3. Add Beneficiary: If you’re sending money to a new recipient, you’ll first need to add them as a beneficiary. This usually involves providing their name, account number, and the crucial IFSC code of their bank branch. For the Bihar Gramin Bank, Nikhtikalan branch, you would enter PUNB0MBGB06.
4. Enter Details: Input the amount you wish to transfer and any remarks you want to add.
5. Review and Confirm: Double-check all the details, especially the account number and IFSC code, to avoid any mistakes. Confirm the transaction using your password or PIN.

Once confirmed, the funds will be transferred to the recipient’s account. The IFSC code acts as the routing number, directing your payment to the correct destination.

Benefits of Knowing Your IFSC Code

Having quick access to the correct IFSC code for your bank branch, or for any recipient, offers several advantages:

• Accurate Fund Transfers: Ensures your money reaches the precise bank branch, minimizing the risk of funds being sent to the wrong place.
• Faster Processing: Correct IFSC codes allow for quicker processing of electronic transactions like NEFT, RTGS, and IMPS, as the system can route the funds efficiently.
• Security: Adds an extra layer of verification, making online transactions more secure.
• Convenience: Essential for setting up recurring payments, making online purchases, or receiving payments from others.
• Compliance: Required by RBI for all inter-bank electronic fund transfers, ensuring regulatory compliance.

Contact Information

For inquiries related to the Bihar Gramin Bank, Nikhtikalan branch, or general bank information, you can use the following details:

• Nikhtikalan Branch Phone Number: 9297954489
• Nikhtikalan Branch Address: Nikhtikalan, SIWAN, 841504, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Service Number: 18001807777

Frequently Asked Questions (FAQs)

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

What is the IFSC code for Bihar Gramin Bank, Nikhtikalan branch?

The IFSC code for the Bihar Gramin Bank, Nikhtikalan branch, located in Siwan, Bihar, is PUNB0MBGB06.

Is the fifth character of an IFSC code always zero?

Yes, the fifth character in any IFSC code is always ‘0’ (zero). This character is reserved by the RBI for future use.

Can I use an old IFSC code for Bihar Gramin Bank?

No, it is crucial to always use the current and valid IFSC code. If Bihar Gramin Bank or its constituent merged banks had older codes, they are now revoked. Always use PUNB0MBGB06 for transactions related to the Nikhtikalan branch.

What is the difference between NEFT, RTGS, and IMPS?

NEFT (National Electronic Funds Transfer) processes transactions in batches, while RTGS (Real Time Gross Settlement) processes high-value transactions individually and instantly. IMPS (Immediate Payment Service) offers instant transfers 24/7, even on holidays, for smaller amounts, typically through mobile banking.

Where can I find my bank branch’s IFSC code?

You can usually find your bank’s IFSC code on your cheque book, passbook, or by logging into your net banking account. Many bank websites also offer a branch locator tool where you can search for the code. This article also provides the specific IFSC code for the Nikhtikalan branch of Bihar Gramin Bank.