Bihar Gramin Bank Jandaha IFSC Code

Welcome to the detailed guide for the Bihar Gramin Bank branch located in Jandaha, a vital hub in the Vaishali district of Bihar. Understanding the Indian Financial System Code, or IFSC, is crucial for anyone engaging in digital banking today. This unique code acts like a digital address, ensuring that your funds reach the correct bank and branch during online transfers such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It is essential for smooth and error-free transactions.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Jandaha
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100093
Branch Address	Jandaha, VAISHALI, 844505, 9297954997
Contact Number	9297954997
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844505
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the significant merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation aimed to streamline operations and enhance banking services across the state. As a result of this merger, all branches, including the Jandaha branch, now operate under a unified system with a single, new IFSC code: PUNB0MBGB06.

This new code is issued under the sponsorship of Punjab National Bank, which plays a pivotal role in the operations of Bihar Gramin Bank. It is very important for all customers and individuals making transactions to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid for financial transactions. For any fund transfer to the Jandaha branch of Bihar Gramin Bank, you must use only the new and current IFSC code, PUNB0MBGB06. Using an old code will result in transaction failure.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in online money transfers. The structure of the IFSC code is standardized:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, the code starts with PUNB, indicating its sponsor bank, Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between the bank code and the branch code.
• The last six characters uniquely identify the specific bank branch. For the Jandaha branch, these characters are MBGB06.

So, for the Jandaha branch, the complete IFSC code PUNB0MBGB06 clearly identifies Bihar Gramin Bank (through its sponsor PUNB) and the specific Jandaha branch.

How to Use the IFSC Code

The IFSC code is a mandatory detail when you want to transfer money electronically from your bank account to another bank account within India. Here’s how it’s used for different types of transfers:

• NEFT (National Electronic Funds Transfer): This system allows you to send money from one bank to another. It processes transactions in batches, so while not instant, it’s reliable for transferring funds. To use NEFT, you typically need:
  • The beneficiary’s name
  • The beneficiary’s bank name (Bihar Gramin Bank)
  • The beneficiary’s account number
  • The beneficiary’s IFSC code (PUNB0MBGB06 for Jandaha branch)
  • The amount to be transferred
• RTGS (Real Time Gross Settlement): Designed for large-value transactions, RTGS processes payments individually and in real-time, meaning the funds are credited to the beneficiary’s account almost immediately. The information required is similar to NEFT:
  • Beneficiary’s name
  • Beneficiary’s bank name
  • Beneficiary’s account number
  • Beneficiary’s IFSC code (PUNB0MBGB06)
  • The amount to be transferred (usually above ₹2 lakh)
• IMPS (Immediate Payment Service): IMPS is an instant, 24/7 electronic fund transfer service available through mobile banking, internet banking, and ATMs. It allows for immediate credit of funds to the beneficiary’s account. To use IMPS, you generally need:
  • Beneficiary’s mobile number and MMID (Mobile Money Identifier) *or*
  • Beneficiary’s account number and IFSC code (PUNB0MBGB06)
  • The amount to be transferred

In all these methods, providing the correct IFSC code ensures that your money goes to the right recipient’s bank and branch without any delays or errors.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank’s Jandaha branch offers several advantages for both customers and those wishing to send funds to an account there:

• It ensures accuracy in digital fund transfers, directing money to the precise bank branch.
• It is absolutely essential for all major electronic fund transfer systems like NEFT, RTGS, and IMPS.
• It reduces the chance of transaction failures or funds being sent to the wrong account, thereby enhancing security.
• It facilitates faster processing of transactions compared to traditional methods.
• It provides a standardized identification system for bank branches across India, simplifying interbank transactions.
• It allows individuals to easily receive payments from various sources, including salaries, bill payments, and transfers from friends and family.

Contact Information

Should you need to reach out to the Bihar Gramin Bank Jandaha branch or its head office, here are the contact details:

• Branch Phone Number: 9297954997
• Branch Address: Jandaha, VAISHALI, 844505, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

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

Q2: Why did the IFSC code for Bihar Gramin Bank branches change?
The IFSC code changed because Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. This led to a unified banking system under the sponsorship of Punjab National Bank, requiring a new, single IFSC code for all its branches.

Q3: Can I still use an old IFSC code for Bihar Gramin Bank if I have one?
No, old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid. You must use the new and current IFSC code, PUNB0MBGB06, for all transactions to the Jandaha branch.

Q4: What is the difference between NEFT, RTGS, and IMPS?
NEFT processes transactions in batches over a scheduled period. RTGS is for large-value transfers and processes transactions individually in real-time. IMPS offers instant, 24/7 transfers, typically for smaller amounts, and can be done via mobile or internet banking.

Q5: Is Bihar Gramin Bank Jandaha connected to Punjab National Bank?
Yes, Bihar Gramin Bank operates under the sponsorship of Punjab National Bank. This means its IFSC code starts with “PUNB” and Punjab National Bank provides support and oversight for its operations.