Bihar Gramin Bank Amolawa IFSC Code

Amolawa, a community in the West Champaran district of Bihar, relies on its local bank branches for essential financial services. When you need to transfer money electronically, whether to family, friends, or for business, understanding the Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address, ensuring your funds reach the correct bank and branch swiftly and securely through systems like NEFT, RTGS, and IMPS.

Branch Details

Here are the key details for the Bihar Gramin Bank Amolawa branch:

Bank Name	Bihar Gramin Bank
Branch Name	Amolawa
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100187
Branch Address	Amolawa, WEST CHAMPARAN, 845455, 9297954013
Contact Number	9297954013
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Region	BETTIAH
Pincode	845455
State	Bihar

Merger Update

It is important to note a significant change regarding regional rural banks in Bihar. The former Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form a single entity, now known as Bihar Gramin Bank. This new combined bank operates under the sponsorship of Punjab National Bank.

As a result of this merger, all previous IFSC codes belonging to UBGB and DBGB branches have been revoked and are no longer valid for transactions. Every branch of the newly formed Bihar Gramin Bank, including the Amolawa branch, now uses a unified IFSC code. For any transaction involving a Bihar Gramin Bank account, you must use the new, standardized IFSC code: PUNB0MBGB06. Using an old or incorrect IFSC code will lead to transaction failure.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code uniquely identifying every bank branch in India participating in the NEFT, RTGS, and IMPS systems. Think of it as a specific address for your bank branch within the digital banking network.

The code follows a specific structure:

• The first four characters represent the bank name. For Bihar Gramin Bank, these are “PUNB” because it is sponsored by Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between bank codes and branch codes.
• The last six characters identify the specific branch. For the Amolawa branch, these are “MBGB06”.

So, PUNB0MBGB06 breaks down as: PUNB (Bank Name – Punjab National Bank, the sponsor), 0 (Separator), MBGB06 (Amolawa Branch Code).

How to Use an IFSC Code

You will need the IFSC code when initiating any electronic fund transfer. Here’s how it’s typically used:

1. For NEFT (National Electronic Funds Transfer): This system allows for batch-based transfers, usually processed in hourly cycles during working hours. When setting up a beneficiary for NEFT, you’ll enter their bank account number, account holder name, and the correct IFSC code for their bank branch. The IFSC ensures the funds are routed to the specific branch.
2. For RTGS (Real-Time Gross Settlement): RTGS is designed for large-value transactions (typically above ₹2 lakh) and processes them individually and continuously in real-time. Similar to NEFT, you provide the beneficiary’s account details and the precise IFSC code for their branch.
3. For IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent transactions. You’ll typically need the beneficiary’s mobile number linked to their bank account (MMID) or their account number and IFSC code. The IFSC remains critical for accurate routing.

Always double-check the IFSC code before confirming a transaction to avoid delays or misdirected funds.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code offers several advantages:

• Accurate Fund Transfers: Ensures your money goes to the intended recipient’s bank branch without errors.
• Faster Processing: Correct IFSC codes help electronic payment systems (NEFT, RTGS, IMPS) process transactions efficiently.
• Security: Reduces the risk of fraud or funds being sent to the wrong account by providing a unique identifier for the bank branch.
• Essential for Online Banking: Absolutely necessary for adding new beneficiaries or making payments through internet banking and mobile banking apps.
• Convenience: Saves time and prevents the hassle of tracking down misdirected payments due to incorrect information.

Contact Information

Should you need to get in touch with the bank, here are the relevant contact details:

• Amolawa Branch Phone Number: 9297954013
• Amolawa Branch Address: Amolawa, WEST CHAMPARAN, 845455, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

FAQs

Here are some common questions about IFSC codes and Bihar Gramin Bank:

Q1: Is the IFSC code for Bihar Gramin Bank Amolawa branch the same as other Bihar Gramin Bank branches?

A1: No, while the first five characters (PUNB0) are common for all Bihar Gramin Bank branches due to the merger and sponsorship by Punjab National Bank, the last six characters are unique to each specific branch. So, Amolawa’s full IFSC code (PUNB0MBGB06) is unique to that branch.

Q2: What happens if I use an old UBGB or DBGB IFSC code?

A2: If you use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, your electronic fund transfer will likely fail. The banking system will not recognize the old code, and the transaction will be rejected, requiring you to re-initiate it with the correct new code.

Q3: Can I find the IFSC code on my passbook or chequebook?

A3: Yes, the IFSC code is typically printed on the first page of your bank passbook and on the top left corner of your cheque leaves. However, with the recent merger, always verify the code if your passbook or chequebook was issued before the merger took effect.

Q4: Is the IFSC code required for cash deposits or withdrawals at the branch?

A4: No, the IFSC code is specifically for electronic fund transfers (NEFT, RTGS, IMPS). For cash deposits or withdrawals directly at the Amolawa branch counter, you only need your account number and identity verification.

Q5: What is the difference between an IFSC code and a MICR code?

A5: The IFSC code (Indian Financial System Code) is an 11-character code used for electronic fund transfers across bank branches. The MICR code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing physical cheques. The MICR code helps in clearing cheques quickly and identifies the bank, city, and branch. Both are unique identifiers but serve different purposes.