Bihar Gramin Bank Veena IFSC Code

The Bihar Gramin Bank’s Veena branch is located in Supaul, Bihar. If you need to send or receive money electronically from this branch, you’ll need its Indian Financial System Code (IFSC). This unique code is essential for digital fund transfers like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures your money reaches the correct bank and branch without errors.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Veena
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100804
Branch Address	Veena, SUPAUL, 0, 9297954298
Contact Number	9297954298
City	SUPAUL
District	SUPAUL
Reason	SAHARSA
Pincode	0
State	Bihar

Merger Update

Previously, Bihar had several Regional Rural Banks. Significant changes occurred when Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) merged. These banks are now part of a single entity known as Bihar Gramin Bank.

Following this merger, the IFSC codes for branches like Veena have been updated. The new IFSC code, such as PUNB0MBGB06, reflects that Punjab National Bank is the sponsor bank for Bihar Gramin Bank. This means all previous IFSC codes belonging to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. You must use the new, consolidated IFSC code, like PUNB0MBGB06, for any electronic fund transfers to or from the Bihar Gramin Bank, Veena branch.

What is an IFSC Code?

The IFSC, or Indian Financial System Code, is an eleven-character alphanumeric code. It’s used to identify all bank branches that participate in India’s electronic funds transfer system. Think of it as a unique digital address for each bank branch.

The IFSC code has a specific structure:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This is a control character reserved for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the Veena branch of Bihar Gramin Bank.

This detailed structure helps ensure that money sent electronically lands in the correct account at the intended branch.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you’re making an electronic fund transfer. Here’s how it typically works for different transfer methods:

For NEFT (National Electronic Funds Transfer):

1. Log in to your online banking portal or visit your bank branch.
2. Select the NEFT option.
3. Enter the beneficiary’s details: name, account number, bank name (Bihar Gramin Bank), and the specific IFSC code (PUNB0MBGB06 for Veena branch).
4. Specify the amount you wish to transfer. NEFT transactions are processed in batches and usually take a few hours during business days.

For RTGS (Real Time Gross Settlement):

1. Access your bank’s online platform or visit a branch.
2. Choose the RTGS option.
3. Provide the beneficiary’s full name, account number, Bihar Gramin Bank’s name, and the IFSC code (PUNB0MBGB06).
4. Enter the amount. RTGS is for large-value transactions and processes payments on a real-time, gross basis, meaning funds are transferred almost instantly.

For IMPS (Immediate Payment Service):

1. Use your mobile banking app or internet banking.
2. Select IMPS transfer.
3. Input the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and the IFSC code (PUNB0MBGB06).
4. Enter the amount. IMPS allows for instant, 24/7 fund transfers, even on holidays.

Always double-check all the details, especially the account number and IFSC code, before confirming any transaction to prevent errors.

Benefits of Knowing Your IFSC Code

Understanding and using the correct IFSC code offers several key benefits for financial transactions:

• Ensures Accuracy: The unique code identifies the exact bank and branch, significantly reducing the chance of funds being sent to the wrong place.
• Enables Electronic Transfers: It is mandatory for all major electronic fund transfer systems like NEFT, RTGS, and IMPS, allowing for quick and convenient digital payments.
• Faster Processing: Correct IFSC codes help banks process transactions more efficiently, leading to quicker transfers of money.
• Security: By precisely routing funds, the IFSC code adds a layer of security to your financial transactions, as it confirms the destination.
• Mandatory for Digital Banking: Most online and mobile banking services require an IFSC code to add a new beneficiary or initiate a transfer, making it crucial for modern banking.

Contact Information

If you need to get in touch with the Bihar Gramin Bank, Veena branch, or their head office, here are the details:

• Branch Phone Number (Veena): 9297954298
• Branch Address (Veena): Veena, SUPAUL, 0, 9297954298
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Q1: What does IFSC stand for?
A: IFSC stands for Indian Financial System Code. It’s an eleven-character alphanumeric code used for electronic fund transfers within India.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A: No, the first four characters (e.g., PUNB) are the same for the sponsor bank, and the fifth character is always ‘0’. However, the last six characters are unique to each individual branch of Bihar Gramin Bank, ensuring distinct identification.

Q3: Can I still use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A: No. After the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, all old IFSC codes for their respective branches are invalid. You must use the new IFSC code, which typically starts with PUNB0MBGB, for all electronic transactions.

Q4: What happens if I use an incorrect IFSC code during a transaction?
A: If you use an incorrect IFSC code, the transaction will likely fail and the funds will be returned to your account. In rare cases, if the incorrect IFSC code points to another valid branch and the account number matches, funds could be sent to the wrong beneficiary. Always verify the IFSC code carefully.

Q5: Is the IFSC code required for all banking transactions?
A: No, the IFSC code is specifically required for electronic fund transfers like NEFT, RTGS, and IMPS. It is not needed for cash deposits, withdrawals at an ATM, or transfers between accounts within the same branch using a deposit slip.