Bihar Gramin Bank Tanki Bazar IFSC Code

For residents of Tanki Bazar in West Champaran, Bihar, understanding your bank’s IFSC code is key for smooth financial transactions. This unique code is essential for sending or receiving money digitally through systems like NEFT, RTGS, and IMPS. It ensures your funds reach the correct bank and branch without any issues.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Tanki Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100276
Branch Address	Tanki Bazar, WEST CHAMPARAN, 845107
Contact Number	9297955734
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845107
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). As a result of this merger, all branches of the unified Bihar Gramin Bank now operate under the sponsorship of Punjab National Bank (PNB). This means that a single IFSC code format is used across all its branches.

Specifically, the Tanki Bazar branch, along with all other Bihar Gramin Bank branches, uses the IFSC code PUNB0MBGB06. It is crucial to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are now revoked and are no longer valid for fund transfers. Only the new IFSC code, which begins with “PUNB0,” is valid for all your digital banking transactions.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character code assigned by the Reserve Bank of India (RBI) to uniquely identify each bank branch participating in online money transfers. Think of it as a specific address for your bank branch in the digital world.

The IFSC code has a specific structure:

• First 4 characters: These represent the bank code. For the Tanki Bazar branch, “PUNB” indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• Fifth character: This character is always a ‘0’ (zero). It is kept as a control character for future use.
• Last 6 characters: These represent the specific branch code. For the Tanki Bazar branch, “MBGB06” uniquely identifies this particular location.

How to Use the IFSC Code

The IFSC code is essential when you want to send or receive money electronically. Here’s how you typically use it for various transaction types:

• NEFT (National Electronic Funds Transfer): This system allows you to transfer funds from one bank account to another across India. When initiating an NEFT transaction, you will need to add the beneficiary’s details, including their account number, name, and the IFSC code of their bank branch. For example, if you are sending money to an account at Bihar Gramin Bank, Tanki Bazar, you would enter PUNB0MBGB06.
• RTGS (Real-Time Gross Settlement): RTGS is used for high-value transactions, where funds are transferred in real-time. Similar to NEFT, you need the beneficiary’s account number, name, and the correct IFSC code (PUNB0MBGB06 for Tanki Bazar branch) to complete the transfer.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, often used via mobile banking apps. For IMPS, you might use the beneficiary’s account number and IFSC code (PUNB0MBGB06), or sometimes their Mobile Money Identifier (MMID) and mobile number.

Always double-check the IFSC code and other beneficiary details before confirming a transaction to prevent sending money to the wrong account.

Benefits of Knowing Your IFSC Code

Having easy access to your bank’s IFSC code offers several practical advantages:

• It enables secure and accurate digital fund transfers between different banks and branches.
• It helps in faster processing of online transactions like NEFT, RTGS, and IMPS.
• It is mandatory for setting up automatic payments or for receiving salaries and other credits directly into your account.
• It allows you to use various online banking services and mobile payment applications effectively.
• It provides a unique identity for your bank branch, ensuring precision in financial routing.

Contact Information

• Branch Phone Number: 9297955734
• Branch Address: Tanki Bazar, WEST CHAMPARAN, 845107, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions

Q1: What is the full form of IFSC?
A1: IFSC stands for Indian Financial System Code.

Q2: Is the IFSC code necessary for all bank transactions?
A2: The IFSC code is primarily necessary for digital fund transfers such as NEFT, RTGS, and IMPS. You do not need it for cash deposits or withdrawals at your own branch, or for transactions within the same bank if they offer internal transfer options without it.

Q3: Where can I find the IFSC code for my branch?
A3: You can usually find the IFSC code printed on your bank passbook, chequebook, or on your bank’s official website. It is also displayed at the branch itself. Online banking portals and mobile apps often show it in your account details.

Q4: What happens if I enter an incorrect IFSC code during a transfer?
A4: If you enter an incorrect IFSC code, the transaction will likely fail or be rejected by the system. The funds would generally not leave your account. However, in some rare cases, if the incorrect IFSC code corresponds to another valid branch and the account number also matches, the funds could go to the wrong account. Always verify the IFSC code carefully.

Q5: Why did Bihar Gramin Bank’s IFSC codes change to start with “PUNB0”?
A5: Bihar Gramin Bank was formed by the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. Following this merger, Punjab National Bank (PNB) became its sponsoring bank. To standardize operations and reflect PNB’s sponsorship, all Bihar Gramin Bank branches now use IFSC codes starting with “PUNB0”, indicating their affiliation with Punjab National Bank.