The ASHA PARARI branch of Bihar Gramin Bank is situated in the Buxar district of Bihar. For anyone looking to transfer money online to an account at this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code acts as a specific address for the branch within India’s electronic fund transfer network. It ensures that transactions made via NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are routed correctly and securely to the intended recipient.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | ASHA PARARI |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | ASHA PARARI, Buxar, 802135 |
| Contact Number | 7070196987 |
| City | Buxar |
| District | Buxar |
| Region | BHABHUA |
| Pincode | 802135 |
| State | Bihar |
Important Merger Information
Bihar Gramin Bank was formed through the amalgamation of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, the banking operations were streamlined under the sponsorship of Punjab National Bank (PNB). As a result, all old IFSC codes associated with UBGB and DBGB are now discontinued and invalid. For all transactions to any branch of Bihar Gramin Bank, including ASHA PARARI, you must use the new, standardized IFSC code starting with ‘PUNB’. The correct and valid IFSC code for this branch is PUNB0MBGB06.
What is an IFSC Code?
The IFSC code is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the electronic funds transfer system. The structure is designed for accuracy and easy identification.
Let’s break down the IFSC code PUNB0MBGB06:
- PUNB: The first four alphabetic characters represent the bank’s name. In this case, it signifies Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
- 0: The fifth character is always a zero. It is a control character reserved for future use.
- MBGB06: The last six characters represent the specific branch code. After the merger, many branches of Bihar Gramin Bank use this functional code. This makes it extremely important to double-check the beneficiary’s account number to ensure the funds are credited correctly.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code is a straightforward part of any online money transfer. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.
- Log in to your bank’s net banking or mobile banking application.
- Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
- Choose the option to add a new beneficiary or payee.
- You will be prompted to enter the beneficiary’s details: their name, account number, and the bank’s IFSC code. For the ASHA PARARI branch, enter PUNB0MBGB06.
- Verify all the details carefully, especially the account number and IFSC code, and confirm to add the beneficiary.
- Once the beneficiary is added, you can select them from your list and initiate a transfer using NEFT, RTGS, or IMPS.
Benefits of Using the Correct IFSC Code
- Accuracy: The primary benefit is ensuring your money is routed to the exact bank and branch, preventing misdirected payments.
- Speed: A valid IFSC code enables automated processing, which means your transaction is completed faster without manual intervention.
- Security: It is a key component of the secure fund transfer framework, reducing the risk of errors and fraud.
- Accessibility: The IFSC system makes it possible to send money from anywhere in the country to any other bank branch with ease.
Contact Information
For any direct inquiries, you can reach out to the branch or the head office.
- Branch Contact Number: 7070196987
- Branch Address: ASHA PARARI, Buxar, Bihar – 802135
- Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
- Toll-Free Number: 18001807777
Frequently Asked Questions
- Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
- Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank. As per RBI guidelines, the IFSC codes for regional rural banks are standardized to reflect their sponsor institution. Therefore, ‘PUNB’ is used as the bank identifier.
- Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
- No. All IFSC codes belonging to the erstwhile DBGB and UBGB are now invalid. Using an old code will result in a failed transaction. You must use the new code, PUNB0MBGB06.
- What happens if I enter the wrong IFSC code?
- If the IFSC code you enter does not exist, the transaction will be rejected immediately. If it corresponds to another branch, the transaction might be processed but could be rejected later if the beneficiary’s account number doesn’t exist at that branch. To avoid delays or complications, always double-check the code.
- Is the IFSC code the same as the MICR code?
- No, they are different. The IFSC code is used for online fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found on the bottom of a cheque leaf and is used for processing cheques electronically.
- Do I need an IFSC code for UPI transactions?
- No. For direct person-to-person payments using UPI (Unified Payments Interface), you only need the recipient’s VPA (Virtual Payment Address) or mobile number. The IFSC code is not required for these transactions.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.