Bihar Gramin Bank BHAGWANGANJ IFSC Code

This article focuses on the Bihar Gramin Bank branch located in BHAGWANGANJ, Patna, Bihar. When you need to send or receive money electronically, especially through services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a special code called the IFSC (Indian Financial System Code) is essential. This unique code identifies not just the bank, but the specific branch involved in the transaction, ensuring your funds reach the correct destination quickly and securely.

Branch Details

Here are the key details for the Bihar Gramin Bank branch in BHAGWANGANJ:

Bank Name	Bihar Gramin Bank
Branch Name	BHAGWANGANJ
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7499
Branch Address	BHAGWANGANJ, Patna, 804452, 7781004499
Contact Number	7781004499
City	Patna
District	Patna
Reason	PATNA
Pincode	804452
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). If you previously dealt with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it’s important to know that these banks have merged into a larger entity. As a result of this merger, all branches now operate under a unified structure and use a common set of IFSC codes. The old IFSC codes that were previously associated with UBGB or DBGB are no longer valid for any electronic fund transfers. For any transactions with the BHAGWANGANJ branch of Bihar Gramin Bank, you must use the updated IFSC code: PUNB0MBGB06. This ensures that your money transfers are processed correctly through the Punjab National Bank’s system, which sponsors Bihar Gramin Bank.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is a unique, 11-character alphanumeric code. It’s assigned by the Reserve Bank of India (RBI) to all bank branches participating in electronic funds transfer systems. Think of it as a specific address for a bank branch in the digital world. The structure of the code helps in identifying the bank and the branch quickly:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” 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 helps maintain the standard 11-character length.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely points to the BHAGWANGANJ branch.

How to Use an IFSC Code

Knowing the correct IFSC code is crucial for completing electronic fund transfers like NEFT, RTGS, and IMPS. Here’s a general guide on how to use it:

1. Gather Recipient Details: Before starting any transfer, make sure you have the recipient’s full name, account number, account type (savings or current), and the correct IFSC code of their bank branch.
2. Log In to Your Banking Platform: Access your net banking portal or mobile banking app.
3. Select Funds Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
4. Add Beneficiary (If New): If you’re sending money to this recipient for the first time, you’ll need to add them as a beneficiary. This usually involves entering their name, account number, and the IFSC code. The system will often auto-populate the bank and branch name once you enter the IFSC code.
5. Enter Transfer Details: Specify the amount you want to send and add any remarks if needed.
6. Confirm and Authorize: Review all the details carefully to avoid errors. Once confirmed, authorize the transaction using your password, PIN, or OTP (One Time Password).

Each type of transfer has slightly different processing times and limits:

• NEFT: Processes transactions in batches, usually within a few hours during banking hours. There are no minimum or maximum limits typically set by the RBI for NEFT.
• RTGS: Processes transactions individually and continuously. It’s generally used for high-value transfers, with a minimum amount of INR 2 Lakh.
• IMPS: Allows instant, 24/7 transfers. It’s ideal for immediate, smaller value transactions, with typical limits around INR 5 Lakh per transaction.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code readily available offers several advantages for banking:

• Accurate Fund Transfers: It ensures that your money is transferred to the exact intended bank branch and account, minimizing errors.
• Faster Processing: Correct IFSC codes help banks process your transactions more efficiently, leading to quicker credit to the recipient’s account.
• Required for Electronic Transactions: It’s a mandatory piece of information for all NEFT, RTGS, and IMPS transactions, both for sending and receiving money.
• Enhanced Security: By precisely identifying the branch, the IFSC code adds an extra layer of security to your financial transactions.
• Convenience: It simplifies the process of sending and receiving money, making banking smoother and more accessible.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank BHAGWANGANJ branch, you can use the following contact details:

• Branch Phone Number: 7781004499
• Branch Address: BHAGWANGANJ, Patna, 804452, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some common questions about IFSC codes and Bihar Gramin Bank:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, the first four characters (e.g., PUNB) will be the same as they identify the sponsor bank. However, the last six characters are unique to each specific branch. So, the BHAGWANGANJ branch has a different IFSC code than other Bihar Gramin Bank branches.

Q2: Can I find the IFSC code on my passbook or cheque book?
A2: Yes, the IFSC code is typically printed on the first page of your bank passbook and on individual cheque leaves. It’s usually found near the branch address or bank name.

Q3: What if I enter the wrong IFSC code during a transaction?
A3: If you enter an incorrect IFSC code, the transaction will likely fail. The banking system will detect the mismatch and reject the transfer, meaning the money will not leave your account. In rare cases, if the wrong code still points to a valid account in another branch, the money could go to the wrong place. Always double-check the code.

Q4: Is the MICR code also important for online transfers?
A4: The MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. While it’s also a unique branch identifier, it is not required for NEFT, RTGS, or IMPS transactions. The IFSC code is what’s needed for electronic fund transfers.

Q5: Can I transfer funds to this branch from any other bank using IMPS?
A5: Yes, as long as your bank supports IMPS, you can transfer funds to the Bihar Gramin Bank, BHAGWANGANJ branch account using its IFSC code. IMPS allows instant transfers between different banks.