Bihar Gramin Bank Nawgain IFSC Code

Nawgain branch is located in Nawgain village, Munger (Monghyr) district, Bihar — PIN 813221. This branch handles retail and rural banking for the local area. For electronic fund transfers such as NEFT, RTGS and IMPS you must use the correct IFSC code. The IFSC uniquely identifies the bank and branch. Using the right IFSC ensures your funds route to the intended account and speeds up settlement.

Branch Details

Merger Update

The IFSC PUNB0MBGB06 indicates this branch now uses the Punjab National Bank (PNB) coding. Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were merged into a single entity under Punjab National Bank. As a result, old UBGB/DBGB IFSC codes have been revoked. For all NEFT / RTGS / IMPS transfers to Nawgain branch use only the new IFSC code PUNB0MBGB06. Transactions attempted with old UBGB or DBGB IFSC codes may fail or be delayed.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches for electronic transfers. The structure is fixed:

• First 4 characters — bank identifier (example: PUNB = Punjab National Bank).
• 5th character — reserved and is always zero (0).
• Last 6 characters — branch identifier (example: MBGB06 identifies the specific branch).

For PUNB0MBGB06: PUNB = bank, 0 = reserved, MBGB06 = Nawgain branch code.

How to Use IFSC Code (NEFT, RTGS, IMPS)

• Open your bank’s netbanking app or UPI-enabled app and go to the fund transfer or add beneficiary section.
• Select transfer type: NEFT, RTGS or IMPS. Choose RTGS for high-value transfers (confirm threshold with your bank), IMPS for instant 24×7 small-value transfers, NEFT for standard transfers.
• Add a new beneficiary. Enter beneficiary name, account number, and the IFSC: PUNB0MBGB06. Verify spelling and digits carefully.
• Save beneficiary. The bank may take a confirmation period (a few minutes to a few hours) to activate the beneficiary for NEFT/RTGS/IMPS.
• Initiate the transfer: select the activated beneficiary, enter amount, purpose, and any required remarks. Confirm details.
• Authenticate the payment with OTP, PIN or token as required by your bank.
• Keep the transaction reference number. Check beneficiary account after settlement. NEFT may process in batches; RTGS is typically real-time for large amounts; IMPS is immediate.

Benefits of Knowing the IFSC

• Ensures correct routing of funds to the exact branch and account.
• Reduces failed transfers and refund delays caused by incorrect branch identification.
• Required field for online transfer forms, salary credits, and vendor payments.
• Helps businesses reconcile payments—IFSC appears on bank confirmations and statements.
• Supports automated payment systems and bulk transfers where branch-level ID is necessary.

Contact

Branch Phone No: 8102918724

Branch Address: Nawgain, Munger (Monghyr), 813221

Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll Free No: 18001807777

FAQs

• Q: Can I use an old UBGB IFSC code for transfers to Nawgain?

  A: No. Old UBGB IFSC codes have been revoked after the merger. Use only PUNB0MBGB06 for transfers to this branch.

• Q: Is IFSC case-sensitive?

  A: No. IFSC may be entered in upper or lower case, but banks usually display it in uppercase. Consistently use the exact characters to avoid mistakes.

• Q: What happens if I enter the wrong IFSC?

  A: If the IFSC does not match a valid branch, the transfer may fail. If it maps to another branch, funds could route to the wrong branch and require manual reversal—this delays recovery. Always double-check account number and IFSC.

• Q: Do I need IFSC for UPI transfers?

  A: No. UPI uses VPA (virtual payment address) and does not require IFSC for person-to-person transfers. However, IFSC is required when adding a bank account as a beneficiary through netbanking for NEFT/RTGS/IMPS.

• Q: How long does a wrongly routed transfer take to be reversed?

  A: Time varies. If funds go to an unintended account due to an incorrect IFSC/account number, the receiving bank must confirm and approve reversal. This can take a few days to weeks. Promptly contact your bank and provide transaction details and the correct IFSC to accelerate the process.

Kriti Kumari

Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.