Bihar Gramin Bank Dagarua IFSC Code

This article discusses the Indian Financial System Code (IFSC) for the Bihar Gramin Bank’s Dagarua branch, located in Purnia, Bihar. Understanding the correct IFSC code is essential for anyone looking to make electronic fund transfers. This unique code helps ensure that your money reaches the right bank and branch quickly and securely, whether you’re sending funds via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service). It acts like a digital address for the branch, making all online transactions smooth and accurate.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Dagarua
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100760
Branch Address	Dagarua, PURNIA, 854326, 9297954138
Contact Number	9297954138
City	PURNIA
District	PURNIA
Pincode	854326
State	Bihar

Merger Update

For customers of Bihar Gramin Bank, it is important to note the changes stemming from previous mergers. Both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form new entities, including parts that now operate under Bihar Gramin Bank. As a result of these integrations, the bank now uses a standardized IFSC code structure. The Dagarua branch, like many others within this network, uses the IFSC code PUNB0MBGB06. This code is sponsored by Punjab National Bank (PNB). It is crucial to understand that any old IFSC codes previously associated with UBGB are now revoked and are no longer valid for transactions. For any electronic fund transfer, only the new, updated IFSC code PUNB0MBGB06 should be used to ensure your transaction is processed correctly.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alpha-numeric code. It uniquely identifies every bank branch participating in online fund transfers within India. This code is crucial for all electronic transactions.

Let’s break down its structure using PUNB0MBGB06 as an example:

• The first four characters, PUNB, represent the bank code. In this case, it indicates Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control character.
• The last six characters, MBGB06, identify the specific branch. This part helps pinpoint the Dagarua branch within the Bihar Gramin Bank network.

This unique combination ensures that when you send money, it goes directly to the intended branch, minimizing errors and delays.

How to Use the IFSC Code

You will need the IFSC code for various electronic fund transfer methods like NEFT, RTGS, and IMPS. Here’s a general guide on how to use it:

1. Gather Beneficiary Details: Before initiating any transfer, you need the recipient’s bank account number, their full name, and the correct IFSC code of their bank branch.
2. Choose Your Transfer Method: Decide whether you want to use NEFT, RTGS, or IMPS. Your bank’s online banking portal or mobile app will offer these options.
3. Enter IFSC Code: When prompted, carefully enter the 11-character IFSC code, PUNB0MBGB06 for the Dagarua branch. Double-check for any typos.
4. Input Account Details: Enter the beneficiary’s account number, confirm it, and add their name.
5. Specify Amount: Enter the amount you wish to transfer.
6. Confirm and Authorize: Review all the details one last time. Once you confirm, authorize the transaction using your PIN or OTP (One Time Password).

For NEFT and RTGS, transactions are processed in batches or continuously during specific banking hours. IMPS offers instant transfers 24/7. Always ensure the IFSC code and account number are accurate to avoid failed transactions or sending money to the wrong recipient.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, Dagarua branch, offers several practical advantages:

• Facilitates Electronic Transfers: It is absolutely necessary for all types of online money transfers, including NEFT, RTGS, and IMPS.
• Ensures Accuracy: The unique code helps your funds reach the precise bank branch, significantly reducing the chance of transaction errors or misdirected payments.
• Speeds Up Transactions: By accurately routing funds, the IFSC code contributes to quicker processing times for your electronic transfers.
• Mandatory Requirement: Most banks and financial applications require the IFSC code to initiate any electronic fund transfer to a different bank.
• Secure Transfers: It adds a layer of security by making sure funds are directed to a verified bank branch.

Contact Information

If you need to get in touch with the bank, here are the relevant contact details:

• Dagarua Branch Phone Number: 9297954138
• Dagarua Branch Address: Dagarua, PURNIA, 854326
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

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

Q2: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A2: No, PUNB0MBGB06 is specific to the Dagarua branch. Each branch has its own unique IFSC code. You should always confirm the exact code for the specific branch you are sending money to.

Q3: What if I use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) for a transaction?
A3: Old IFSC codes from banks like UBGB that have merged into Bihar Gramin Bank are revoked. If you use an old code, your transaction will likely fail. Always use the current and correct IFSC code, which is PUNB0MBGB06 for the Dagarua branch.

Q4: How can I find the IFSC code for other Bihar Gramin Bank branches?
A4: You can find IFSC codes on your bank’s passbook, chequebook, or by visiting the bank’s official website. Many online financial portals also provide IFSC code search tools. You can also contact the bank’s customer service for assistance.

Q5: What is the main difference between NEFT and RTGS?
A5: NEFT (National Electronic Funds Transfer) processes transactions in batches, typically every half hour, so there might be a small delay. RTGS (Real Time Gross Settlement) processes transactions individually and continuously, meaning funds are transferred almost instantly, primarily for high-value transactions (usually above Rs. 2 lakhs). IMPS offers instant transfers 24/7 for any amount.