Bihar Gramin Bank Bindawan IFSC Code

Located in Bindawan, a part of the Sheohar district in Bihar, the Bihar Gramin Bank branch serves the local community’s banking needs. For anyone looking to send or receive money electronically, understanding and using the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code acts like a unique digital address for bank branches, ensuring that your funds are transferred accurately and securely through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It prevents money from going to the wrong account or branch.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Bindawan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100038
Branch Address	Bindawan, SHEOHAR, 0, 9297954790
Contact Number	9297954790
City	SHEOHAR
District	SHEOHAR
Region	SITAMARHI
Pincode	0
State	Bihar

Merger Update

The Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger brought all branches under a unified structure, sponsored by Punjab National Bank. As a result, all banking operations, including electronic fund transfers, now use new IFSC codes.

It is very important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid. For the Bindawan branch of Bihar Gramin Bank, and indeed for all its branches, the new IFSC code, which is PUNB0MBGB06, is the only valid code for transactions. Using an old or incorrect IFSC code will lead to transaction failures or delays.

What is IFSC Code?

The IFSC code stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify all bank branches participating in electronic funds transfer systems in India. Each character in the code has a specific meaning:

• The first four characters represent the bank name. For 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 kept as a control measure and is reserved for future use.
• The last six characters identify the specific branch. In “MBGB06”, “MBGB” likely denotes “Madhya Bihar Gramin Bank” (another name the merged entity is associated with, or a general code for the regional rural bank under PNB) and “06” is the unique code for the Bindawan branch.

This unique structure ensures that every branch in India has a distinct digital identity for secure transactions.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you want to transfer money electronically. Here’s a general guide for NEFT, RTGS, and IMPS transactions:

1. Log in: Access your bank’s online banking portal or mobile banking application.
2. Select Fund Transfer: Look for options like “Fund Transfer,” “Payments,” or “Send Money.”
3. Choose Transfer Type: Select the type of transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): This system processes transfers in batches during banking hours. It is suitable for most general transfers with no minimum amount.
   • RTGS (Real Time Gross Settlement): Designed for large value transactions, typically Rs. 2 lakhs and above. Funds are transferred in real-time on a gross basis, meaning each transaction is settled individually.
   • IMPS (Immediate Payment Service): This service allows instant, 24/7 fund transfers, even on holidays. It is often preferred for quick, smaller value transfers.
4. Add Beneficiary Details: If you haven’t transferred to this person before, you will need to add them as a new beneficiary. You will need:
   • The beneficiary’s full name.
   • The beneficiary’s bank account number.
   • The confirm bank account number.
   • The beneficiary’s bank branch IFSC code (PUNB0MBGB06 for Bindawan branch).
5. Enter Amount and Confirm: Specify the amount you want to transfer. Review all the details carefully, then confirm the transaction using your password or PIN.

The IFSC code ensures your money reaches the correct branch and account without manual intervention.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or the branch you are sending money to, offers several benefits:

• Accurate Fund Transfers: It guarantees that your money is sent to the precise bank and branch you intend, preventing errors.
• Faster Processing: Correct IFSC codes help electronic systems process transactions quickly, especially with IMPS and RTGS.
• Enhanced Security: The code adds an extra layer of verification, making online transactions more secure.
• Facilitates Online Banking: It is essential for all types of digital fund transfers, supporting the convenience of online banking.
• Standardization: It is a standardized system across all banks in India, making interbank transactions seamless.

Contact

Branch Phone Number: 9297954790

Branch Address: Bindawan, SHEOHAR, Bihar

Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number: 18001807777

FAQs

Q1: What is the IFSC code for Bihar Gramin Bank, Bindawan branch?
A1: The IFSC code for the Bihar Gramin Bank, Bindawan branch is PUNB0MBGB06.

Q2: Is the old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) still valid?
A2: No. Following the merger, all old IFSC codes for UBGB and DBGB have been revoked. Only the new, unified IFSC codes under Punjab National Bank, such as PUNB0MBGB06, are valid for transactions.

Q3: What do the characters in PUNB0MBGB06 stand for?
A3: “PUNB” represents Punjab National Bank (the sponsor bank). The fifth character, “0”, is reserved for future use. “MBGB06” uniquely identifies the Bindawan branch of Bihar Gramin Bank.

Q4: Can I use this IFSC code for all types of fund transfers?
A4: Yes, the IFSC code PUNB0MBGB06 is used for all major electronic fund transfer methods, including NEFT, RTGS, and IMPS, for transactions involving the Bihar Gramin Bank Bindawan branch.

Q5: What should I do if I accidentally enter a wrong IFSC code during a transaction?
A5: If you enter an incorrect IFSC code, the transaction will likely fail and the funds will not be debited from your account or will be returned. However, if the incorrect IFSC code corresponds to a valid bank and branch but the account number is wrong, the bank might try to reverse the transaction. Always double-check the IFSC code and account number before confirming any transfer.

Q6: How can I find the head office address for Bihar Gramin Bank?
A6: The head office of Bihar Gramin Bank is located at SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR.