Bihar Gramin Bank BAKSAUTI IFSC Code

Welcome to the detailed guide for Bihar Gramin Bank’s BAKSAUTI branch. This branch is located in BAKSAUTI, a part of the Nawada district in Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is important for anyone who needs to transfer money electronically. Whether you are using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC code acts like a unique digital address. It ensures your money reaches the correct bank and branch without errors, making your fund transfers smooth and secure.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	BAKSAUTI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7272
Branch Address	BAKSAUTI, Nawada, 805121, 9771464272
Contact Number	9771464272
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805121
State	Bihar

Merger Update

It’s important to note the recent changes concerning Bihar Gramin Bank. This bank was formed from the merger of two older regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both banks have now combined to form Bihar Gramin Bank.

As a result of this merger, all branches of the former UBGB and DBGB now operate under a single, unified IFSC code structure. Punjab National Bank acts as the sponsor bank for Bihar Gramin Bank. Therefore, the IFSC codes for all its branches, including BAKSAUTI, begin with “PUNB”.

Specifically, for the BAKSAUTI branch, the correct and currently valid IFSC code is PUNB0MBGB06. If you previously held an account with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, any old IFSC codes associated with those banks have been revoked. For any electronic fund transfer to a Bihar Gramin Bank account, including the BAKSAUTI branch, you must use the new IFSC code, PUNB0MBGB06. Using an old or incorrect code will cause your transaction to fail.

What is IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character code assigned by the Reserve Bank of India (RBI) to every bank branch in India. It’s an alphanumeric code, meaning it contains both letters and numbers, and it helps identify the specific bank and branch for electronic transactions.

Let’s break down the IFSC code for Bihar Gramin Bank, BAKSAUTI branch (PUNB0MBGB06):

• The first four characters, PUNB, identify the bank. In this case, it stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and serves as a control character in the IFSC structure.
• The last six characters, MBGB06, uniquely identify the specific branch. For the BAKSAUTI branch of Bihar Gramin Bank, these characters are MBGB06.

This systematic structure ensures that every branch has a distinct code, preventing any confusion during money transfers.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you’re making an electronic fund transfer. Here’s how you typically use it for NEFT, RTGS, and IMPS transactions:

1. Gather Beneficiary Details: Before starting a transfer, you’ll need the following information about the person or entity you’re sending money to (the beneficiary):
   • Beneficiary Name
   • Beneficiary Account Number (and confirm it twice if asked)
   • Beneficiary Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary Branch Name (e.g., BAKSAUTI)
   • The correct IFSC Code (e.g., PUNB0MBGB06)
   • The amount you wish to transfer
2. Log In to Your Banking Platform: Access your bank’s net banking portal or mobile banking app. If you’re doing an offline transfer, visit your bank branch.
3. Select Transfer Type: Choose the type of transfer you want to make:
   • NEFT (National Electronic Funds Transfer): Good for transfers of any amount, processed in batches throughout the day.
   • RTGS (Real Time Gross Settlement): Used for large-value, urgent transfers (usually above ₹2 Lakhs), processed individually and immediately.
   • IMPS (Immediate Payment Service): Allows instant, 24/7 fund transfers, even on holidays.
4. Add Beneficiary: If you haven’t sent money to this beneficiary before, you’ll need to add them. This usually involves entering their name, account number, and the IFSC code. Some banks have a waiting period (e.g., 30 minutes to a few hours) before you can transfer funds to a newly added beneficiary for security reasons.
5. Initiate Transfer: Once the beneficiary is added (or if they are already an existing beneficiary), select their details, enter the amount, and confirm the transaction. The system will use the IFSC code to route your money to the correct branch.

Always double-check the IFSC code and account number before confirming any transaction to avoid delays or incorrect transfers.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the branch you need to send money to, offers several important benefits:

• Accurate Fund Transfers: It ensures that your money is sent to the precise bank and branch, minimizing the risk of funds going to the wrong account.
• Enabled Electronic Transactions: Without an IFSC code, electronic fund transfers like NEFT, RTGS, and IMPS are not possible. It is a mandatory detail.
• Faster Processing: The unique identification provided by the IFSC code helps banks process transactions quickly and efficiently.
• Reduced Errors: It automates the routing of funds, significantly reducing the chances of human error that could occur with manual processing.
• Inter-Bank Connectivity: The IFSC code allows seamless money movement between different banks and their branches across India.
• Online Banking Convenience: It makes online and mobile banking possible for transfers, offering convenience and access to banking services anytime, anywhere.

Contact Section

If you need to get in touch with the Bihar Gramin Bank’s BAKSAUTI branch or its head office, here are the contact details:

• Branch Phone Number (BAKSAUTI): 9771464272
• Branch Address (BAKSAUTI): BAKSAUTI, Nawada, 805121, 9771464272
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

FAQs

What does PUNB0MBGB06 specifically mean?

PUNB0MBGB06 identifies the BAKSAUTI branch of Bihar Gramin Bank. “PUNB” represents Punjab National Bank, the sponsor bank. The “0” is a control character. “MBGB06” is the unique code for the BAKSAUTI branch within Bihar Gramin Bank.

Can I use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code for a Bihar Gramin Bank transaction?

No, you cannot. Following the merger, all old UBGB and DBGB IFSC codes have been revoked. You must use the new, unified IFSC code structure, which starts with “PUNB” for all Bihar Gramin Bank branches, such as PUNB0MBGB06 for BAKSAUTI.

Is the IFSC code different for NEFT, RTGS, and IMPS transactions?

No, the IFSC code remains the same regardless of whether you are making an NEFT, RTGS, or IMPS transfer. The code identifies the specific bank and branch, not the type of transaction.

What should I do if my fund transfer fails due to an incorrect IFSC code?

If your transaction fails because of an incorrect IFSC code, the money is usually returned to your account within a few hours or one business day. You should then re-initiate the transfer using the correct IFSC code. If the money is not returned, contact your bank’s customer service immediately.

How can I find the IFSC code for another Bihar Gramin Bank branch?

You can find the IFSC code for other Bihar Gramin Bank branches in several ways: by checking your bank passbook, logging into your net banking account, using the mobile banking app, visiting the bank’s official website, or asking directly at any branch.