The Bihar Gramin Bank branch in BAIJNATHPUR, Nawada, Bihar, plays an important role for local residents needing banking services. To send or receive money electronically, you need a special code. This code, called an IFSC, is vital for secure and accurate fund transfers through systems like NEFT, RTGS, and IMPS. It makes sure your money goes to the correct bank and branch, even across different banks in India.
Branch Details
Here are the full details for the Bihar Gramin Bank, BAIJNATHPUR branch:
| Bank Name | Bihar Gramin Bank |
| Branch Name | BAIJNATHPUR |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7271 |
| Branch Address | BAIJNATHPUR, Nawada, 805103, 9771464271 |
| Contact Number | 9771464271 |
| City | Nawada |
| District | Nawada |
| Reason | NAWADA |
| Pincode | 805103 |
| State | Bihar |
Merger Update
Bihar Gramin Bank is the result of a significant merger of several regional rural banks in Bihar. This includes banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), among others. Due to these mergers, all previous individual IFSC codes from these former banks have been revoked.
The new, unified IFSC code PUNB0MBGB06 is now the only valid code for transactions involving any branch of Bihar Gramin Bank. This specific code identifies Bihar Gramin Bank under its sponsor bank, Punjab National Bank. It is crucial to use only this new code for all your financial transfers to ensure they are processed correctly.
What is an IFSC Code?
IFSC stands for Indian Financial System Code. It’s an 11-character alphanumeric code used to identify all bank branches in India that participate in online money transfers. The Reserve Bank of India (RBI) assigns these codes to ensure smooth and accurate electronic transactions.
The structure of the IFSC code is simple:
- The first four characters represent the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank of Bihar Gramin Bank.
- The fifth character is always a “0” (zero). This is kept for future use.
- The last six characters identify the specific branch. In this case, “MBGB06” points to the BAIJNATHPUR branch of Bihar Gramin Bank.
Understanding this structure helps you quickly identify the bank and branch even before initiating a transfer.
How to Use an IFSC Code
Using an IFSC code for online money transfers is straightforward. Here are the general steps:
- Log In: Access your net banking account or mobile banking app.
- Select Transfer Option: Choose the option for fund transfer, usually labeled “NEFT,” “RTGS,” or “IMPS.”
- Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
- Enter Beneficiary Details: Provide the beneficiary’s full name, account number, the bank’s name (Bihar Gramin Bank), and the crucial IFSC code (PUNB0MBGB06 for BAIJNATHPUR branch).
- Enter Amount: Specify the amount you wish to transfer.
- Confirm Transaction: Review all details carefully. Once confirmed, the money will be transferred to the beneficiary’s account.
Always double-check the IFSC code and account number before confirming any transaction to avoid errors.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for your bank branch offers several important advantages:
- It makes online fund transfers (NEFT, RTGS, IMPS) possible and ensures they reach the correct destination.
- It acts as a unique identifier for your specific bank branch, preventing misdirected funds.
- It simplifies the process of sending money to or receiving money from accounts in other banks.
- It is often required for various financial services beyond transfers, such as setting up mandates or certain bill payments.
- It helps in tracking and reconciling transactions, making banking more transparent and secure.
Contact Information
For inquiries related to the BAIJNATHPUR branch or Bihar Gramin Bank, you can use the following contact details:
- Branch Phone Number: 9771464271
- Branch Address: BAIJNATHPUR, Nawada, 805103
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
Q1: What is the IFSC code for Bihar Gramin Bank, BAIJNATHPUR branch?
A1: The IFSC code for Bihar Gramin Bank, BAIJNATHPUR branch is PUNB0MBGB06.
Q2: Is the MICR code important for online fund transfers?
A2: No, the MICR code (Magnetic Ink Character Recognition) is primarily used for processing physical cheques. For online NEFT, RTGS, or IMPS transfers, only the IFSC code and account number are required.
Q3: What does ‘PUNB’ signify in the IFSC code PUNB0MBGB06?
A3: ‘PUNB’ represents Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
Q4: Can I still use an old IFSC code if my branch was previously part of Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A4: No, all old IFSC codes from merged banks like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. You must use the new, consolidated IFSC code, PUNB0MBGB06, for all transactions related to Bihar Gramin Bank.
Q5: How many characters are in an IFSC code?
A5: An IFSC code always consists of 11 alphanumeric characters.
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.