Bihar Gramin Bank BHANAIL LODIPUR IFSC Code

If you’re looking to send or receive funds digitally to the Bihar Gramin Bank branch in BHANAIL LODIPUR, Nawada, knowing the Indian Financial System Code, or IFSC, is essential. This unique code acts like a digital address for bank branches across India. It is crucial for electronic money transfers like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, your funds might not reach the intended recipient or could face significant delays. This article provides all the necessary details for the BHANAIL LODIPUR branch, ensuring your transactions are smooth and error-free.

Branch Details

Here are the complete details for the Bihar Gramin Bank, BHANAIL LODIPUR branch:

Bank Name	Bihar Gramin Bank
Branch Name	BHANAIL LODIPUR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7562
Branch Address	BHANAIL LODIPUR, Nawada, 805121, 7070997562
Contact Number	7070997562
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805121
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the merger of two significant regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, all branches now operate under a single, unified IFSC code: PUNB0MBGB06. This new code is sponsored by Punjab National Bank.

It is important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) branches are no longer valid. For all current and future transactions with Bihar Gramin Bank, including the BHANAIL LODIPUR branch, you must use PUNB0MBGB06. Using an old or incorrect IFSC will cause your transaction to fail.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online money transfers in India. Think of it as a specific address for a bank branch in the digital payment system.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For Bihar Gramin Bank, this is “PUNB”.
• The fifth character is always “0” (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. For the BHANAIL LODIPUR branch, these are “MBGB06”.

So, for the BHANAIL LODIPUR branch, the complete IFSC is PUNB0MBGB06.

How to Use IFSC Code

You will need the IFSC code whenever you want to transfer money electronically using NEFT, RTGS, or IMPS. Here’s how you typically use it:

1. Gather Beneficiary Details: Before starting a transfer, make sure you have the recipient’s full name, account number, bank name, and the correct IFSC code for their branch.
2. Log in to Your Banking Service: Access your online banking portal, mobile banking app, or visit your bank branch to fill out a fund transfer form.
3. Select Transfer Type: Choose the type of transfer you wish to make (NEFT, RTGS, or IMPS).
4. Enter Beneficiary Information: Provide all the required details, including the recipient’s bank account number, account holder’s name, and the critical IFSC code. For the BHANAIL LODIPUR branch, you would enter PUNB0MBGB06.
5. Specify Amount and Remarks: Enter the amount you wish to transfer and any relevant remarks.
6. Confirm and Authorize: Review all the details carefully before confirming the transaction. This usually involves entering a One-Time Password (OTP) or transaction password.

Always double-check the IFSC code and account number to prevent any transfer errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several advantages:

• Faster Transfers: It ensures that your online fund transfers (NEFT, RTGS, IMPS) are processed quickly and efficiently.
• Accuracy: The unique code ensures money reaches the correct branch and account, reducing errors.
• Security: It adds a layer of security by verifying the destination branch, minimizing fraud risks.
• Online Banking Convenience: Facilitates seamless online transactions from anywhere, anytime.
• Mandatory for Digital Payments: It is a compulsory detail for setting up most digital payment services and recurring payments.

Contact Information

• Branch Phone Number (BHANAIL LODIPUR): 7070997562
• Branch Address (BHANAIL LODIPUR): BHANAIL LODIPUR, Nawada, 805121, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What happens if I use an incorrect IFSC code for a transaction?

A: If you use an incorrect IFSC code, your transaction will likely fail. The banking system will detect that the code does not match the beneficiary’s account or branch details. The funds will typically be returned to your account within a few hours or one to two business days. However, it’s always best to ensure accuracy to avoid delays and inconvenience.

Q2: Is the IFSC code different for every branch of Bihar Gramin Bank?

A: Yes, generally, the last six characters of the IFSC code are unique to each specific bank branch. While the first four characters (“PUNB”) identify the sponsoring bank and the fifth character is always ‘0’, the remaining six characters differentiate one branch from another. This means the BHANAIL LODIPUR branch has a different 6-character branch code than another Bihar Gramin Bank branch.

Q3: Can I find the IFSC code for Bihar Gramin Bank online?

A: Yes, you can easily find IFSC codes online. Most bank websites provide a branch locator or an IFSC finder tool. You can also find it on financial news portals or by searching for “Bihar Gramin Bank BHANAIL LODIPUR IFSC code” on a reliable search engine. Your bank’s passbook or chequebook also typically lists the IFSC code for your branch.

Q4: Is the IFSC code mandatory for all bank transactions?

A: The IFSC code is mandatory for all electronic fund transfers within India, specifically NEFT, RTGS, and IMPS transactions. It is not required for cash deposits or withdrawals at a branch, or for transactions that occur entirely within the same bank using only an account number (e.g., transfers between two accounts in the same bank without using NEFT/RTGS/IMPS infrastructure). However, for any inter-bank electronic transfer, it is essential.

Q5: How accurate does the IFSC code need to be when making a transfer?

A: The IFSC code must be precisely accurate. Even a single incorrect character can cause the transaction to fail. The banking system relies on the exact code to route funds to the correct branch. Always double-check the code, preferably by copying and pasting it or cross-referencing with official bank sources.