Bihar Gramin Bank Lohia Nagar IFSC Code

You are looking for the Indian Financial System Code (IFSC) for Bihar Gramin Bank’s Lohia Nagar branch, located in Supaul, Bihar. This code is essential for various digital money transfers, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Knowing the correct IFSC code ensures your funds reach the intended recipient’s account smoothly and securely, without any delays or errors.

Branch Details

Here are the key details for the Bihar Gramin Bank, Lohia Nagar branch:

Bank Name	Bihar Gramin Bank
Branch Name	Lohia Nagar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108002
Branch Address	Lohia Nagar, SUPAUL, 852113
Contact Number	9297954253
City	Supaul
District	Supaul
Reason	Saharsa
Pincode	852113
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the merger of Uttar Bihar Gramin Bank and Kosi Kshetriya Gramin Bank. This integration, along with its sponsorship by Punjab National Bank, has streamlined its operations under a single, unified system. As a result, the bank now uses a single, consolidated IFSC code for its branches. The specific IFSC code for Bihar Gramin Bank, Lohia Nagar branch, is PUNB0MBGB06.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank, or other predecessor banks that merged to form Bihar Gramin Bank, have been revoked. For any fund transfers to Bihar Gramin Bank accounts, including the Lohia Nagar branch, only the new IFSC code PUNB0MBGB06 is valid and should be used.

What is an IFSC Code?

An IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online funds transfers in India. Think of it as a unique address for each branch. This code is crucial for ensuring that money sent through NEFT, RTGS, or IMPS reaches the correct bank and branch.

The structure of the IFSC code is specific:

• The first four characters represent the bank’s name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a ‘zero’ (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters identify the specific bank branch. In this case, “MBGB06” identifies a particular branch within the Punjab National Bank-sponsored Gramin Bank system, which includes Bihar Gramin Bank.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are initiating an online fund transfer. Here’s how it generally works for different types of transactions:

• For NEFT (National Electronic Funds Transfer):

  NEFT transactions are processed in batches throughout the day. When you want to send money via NEFT, you will need the recipient’s bank account number, their full name, and the correct IFSC code of their bank branch. You enter these details into your net banking portal or mobile banking app. The system uses the IFSC code to route your payment to the specific branch.

• For RTGS (Real Time Gross Settlement):

  RTGS transfers are designed for large-value transactions and are processed individually and continuously. Similar to NEFT, you’ll need the recipient’s bank account number, their name, and the IFSC code. Due to the real-time nature, accuracy of the IFSC code is even more critical to avoid delays in high-value transfers.

• For IMPS (Immediate Payment Service):

  IMPS allows instant, 24/7 fund transfers. You can use IMPS with either the recipient’s bank account number and IFSC code, or by using their Mobile Money Identifier (MMID) and mobile number. For the account number and IFSC method, enter the necessary details, including the PUNB0MBGB06 code for the Lohia Nagar branch, to ensure immediate credit to the recipient’s account.

Benefits of Knowing Your IFSC Code

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

• It enables fast and secure online money transfers via NEFT, RTGS, and IMPS.
• It helps prevent transaction errors by ensuring funds are credited to the correct bank and branch.
• It is often required for setting up standing instructions or auto-debits from your account.
• Many online forms for financial services, such as applying for loans or insurance, require the IFSC code.
• It simplifies the process of receiving payments from other banks or institutions.

Contact Information

• Branch Phone Number: 9297954253
• Branch Address: Lohia Nagar, Supaul, Bihar – 852113
• Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code for Bihar Gramin Bank, Lohia Nagar permanent?
A1: Yes, the assigned IFSC code PUNB0MBGB06 is a permanent identifier for the Bihar Gramin Bank, Lohia Nagar branch. It generally does not change unless there is a significant merger, acquisition, or restructuring within the banking system, which would be communicated widely by the bank and regulatory bodies.

Q2: Can I use an old IFSC code for Uttar Bihar Gramin Bank?
A2: No, you cannot. Following the merger that formed Bihar Gramin Bank and its operations under Punjab National Bank, any old IFSC codes previously used by Uttar Bihar Gramin Bank have been revoked. You must use the current valid code, PUNB0MBGB06, for all transactions involving the Lohia Nagar branch of Bihar Gramin Bank.

Q3: What if I enter the wrong IFSC code during a transfer?
A3: If you enter an incorrect IFSC code, your transaction will likely fail and be returned to your account. In some cases, if the incorrect code belongs to an actual, different branch or bank, the funds might be credited to the wrong account. Always double-check the IFSC code, especially for high-value transfers, to avoid such issues.

Q4: Where can I find the IFSC code for other Bihar Gramin Bank branches?
A4: You can find the IFSC codes for other Bihar Gramin Bank branches on the bank’s official website, through your net banking portal, on your bank passbook or chequebook, or by contacting the bank’s customer service or visiting any branch.

Q5: Is the MICR code also necessary for online transfers?
A5: The MICR (Magnetic Ink Character Recognition) code (800811002 for Lohia Nagar) is primarily used for processing physical cheques. While it uniquely identifies a branch, it is not required for online fund transfers like NEFT, RTGS, or IMPS. For online transfers, only the IFSC code is essential.