Bihar Gramin Bank Banka IFSC Code

The Bihar Gramin Bank branch in Banka provides essential banking services to the local community. For anyone looking to send or receive money online through this branch, understanding its Indian Financial System Code (IFSC) is critical. This unique 11-character code is necessary for all major electronic fund transfers in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It acts like a specific address, ensuring your money reaches the intended bank branch without any errors.

Branch Details

Important Merger Update

Previously, Bihar had two separate regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form a single entity, now known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).

As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB have been revoked and are no longer valid. All branches, including the Banka branch, now use a new, unified IFSC code structure that begins with ‘PUNB’ to reflect the sponsorship by PNB. For all future transactions, you must use the new IFSC code, PUNB0MBGB06, to ensure successful fund transfers.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer system. The code has a specific structure that helps identify the bank and its branch.

Let’s break down the Banka branch IFSC code, PUNB0MBGB06:

• PUNB: The first four letters represent the name of the sponsor bank, which is Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters uniquely identify the specific branch. In this case, it points to the Bihar Gramin Bank’s Banka branch.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online transaction is straightforward. Whether you are using a mobile banking app or an internet banking portal, the process is generally the same for NEFT, RTGS, or IMPS.

1. Log in to your internet banking account or mobile banking app.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select the transfer type (NEFT, RTGS, or IMPS).
4. Add a new beneficiary (payee). You will be asked to enter the recipient’s details.
5. Enter the recipient’s name, bank account number, and the correct IFSC code: PUNB0MBGB06.
6. After adding the beneficiary, you can proceed to enter the amount and complete the transaction.

Benefits of Using the Correct IFSC Code

Knowing and using the correct IFSC code is not just a formality; it offers several practical benefits:

• Accurate Routing: It ensures that your money is directed to the exact bank branch intended, eliminating confusion.
• Error Prevention: Using the correct code significantly reduces the chances of transaction failure or funds being misdirected.
• Faster Processing: The code allows for automated, straight-through processing of transactions without manual intervention, which speeds up the entire process.
• Enables Digital Banking: It is a fundamental requirement for all major digital payment systems in India, making cashless transactions possible.

Contact Information

For any direct queries or assistance, you can reach out to the branch or the head office.

• Branch Contact: 8102918756/ 57
• Branch Address: Banka, Banka, Bihar – 813102
• 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’?

The code starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank after the merger of Dakshin and Uttar Bihar Gramin Banks.

Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?

No. All old IFSC codes from the pre-merger banks are invalid. You must use the new code, PUNB0MBGB06, for all transactions to the Banka branch.

What could happen if I enter the wrong IFSC code?

An incorrect IFSC code can cause your transaction to fail and the amount to be reversed. In some cases, if the code matches another branch, the funds could be delayed or sent to the wrong location, requiring a lengthy process to resolve.

Is the IFSC code the same for all branches of Bihar Gramin Bank?

No. While the first five characters (PUNB0) might be part of a series, the last six characters are unique to each specific branch. Always verify the code for the exact branch you are sending money to.

Where can I find the official IFSC code for my branch?

You can find the correct IFSC code printed on your bank-issued chequebook and passbook. It is also available on the bank’s official website or by contacting the branch directly.

Kriti Kumari

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.