Bihar Gramin Bank BARUNA IFSC Code

The Bihar Gramin Bank branch in BARUNA provides essential banking services to the residents of its locality in Buxar, Bihar. For anyone needing to send money to an account at this branch using online methods, the Indian Financial System Code (IFSC) is a critical piece of information. This unique code ensures that your funds are routed correctly and securely through systems like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS).

Branch Details

Important Merger Update

Bihar Gramin Bank was formed by the amalgamation of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, Punjab National Bank (PNB) became the sponsor bank. As a result, the old IFSC codes associated with UBGB and DBGB have been discontinued and are no longer valid.

All branches of the newly formed Bihar Gramin Bank, including the BARUNA branch, now use a new, unified IFSC code series. The correct and current IFSC code for this branch is PUNB0MBGB06. Using any old or incorrect code will cause your transaction to fail.

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 network. This code uniquely identifies each branch and prevents errors during online transactions.

The structure of the IFSC code can be broken down easily. Let’s use the BARUNA branch code, PUNB0MBGB06, as an example:

• PUNB: The first four alphabetic characters represent the bank’s name. In this case, it stands for Punjab National Bank, the sponsor bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters represent the specific branch code. For this branch, it is ‘MBGB06’.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a straightforward process. When you initiate a transaction through your bank’s mobile app or internet banking portal, you will need to add the recipient (beneficiary) first.

Follow these general steps:

1. Log in to your net banking account or mobile banking application.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section and choose the transfer type (NEFT, RTGS, or IMPS).
3. Select ‘Add Beneficiary’ or ‘Add Payee’.
4. Enter the recipient’s name, bank account number, and the bank name.
5. You will be prompted to enter the IFSC code. For the BARUNA branch, you would enter PUNB0MBGB06.
6. After the beneficiary is successfully added, you can proceed to transfer funds by entering the amount and confirming the transaction.

Benefits of Using the Correct IFSC Code

• Accuracy: It ensures that the money is sent to the exact branch intended, eliminating the risk of it being misdirected.
• Security: The code acts as a layer of verification, making electronic fund transfers more secure and reliable.
• Efficiency: It automates the fund transfer process, allowing for faster settlement of payments without manual intervention.
• Accessibility: It enables 24/7 fund transfers through IMPS and automated processing for NEFT and RTGS during banking hours.

Contact Information

For any queries or assistance, you can contact the branch or the bank’s head office directly.

• Branch Contact Number: 7070196991
• Branch Address: BARUNA, Buxar, 802116, Bihar
• Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna-800030, Bihar
• Toll-Free Number: 18001807777

Frequently Asked Questions

Is PUNB0MBGB06 the IFSC code for all Bihar Gramin Bank branches?

No, this code is unique to the BARUNA branch. Every branch of Bihar Gramin Bank has its own distinct IFSC code. The first four letters, ‘PUNB’, will be the same for all branches, but the last six characters will differ.

What should I do if my fund transfer fails even with the correct IFSC code?

If a transaction fails, first double-check that you have entered the beneficiary’s account number and the IFSC code correctly. If all details are correct, the issue might be a temporary network problem or a restriction on the beneficiary’s account. It is best to contact your bank for support.

Do I need an IFSC code to deposit cash into an account at the BARUNA branch?

No, an IFSC code is not required for physical cash deposits made at the bank branch. It is only necessary for electronic fund transfers like NEFT, RTGS, and IMPS.

Where else can I find the IFSC code for a bank branch?

The IFSC code is typically printed on the cheque leaves of a bank’s chequebook. It is also available on the bank’s official website and can be found by searching online for the specific bank and branch name.

Can I use an old IFSC code from Dakshin Bihar Gramin Bank?

No. All old IFSC codes from the pre-merger banks (Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank) are invalid. You must use the new code, PUNB0MBGB06, for any transactions to the BARUNA branch to be successful.

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.