Bihar Gramin Bank DANAPUR (NASRIGANJ) IFSC Code

This article will help you understand the Indian Financial System Code (IFSC) for the Bihar Gramin Bank branch in DANAPUR (NASRIGANJ), Patna. Knowing this code is crucial for making smooth and secure online money transfers through systems like NEFT, RTGS, and IMPS. It ensures your funds reach the correct bank and branch without any issues.

Branch Details

Here are the essential details for the Bihar Gramin Bank, DANAPUR (NASRIGANJ) branch:

Bank Name	Bihar Gramin Bank
Branch Name	DANAPUR (NASRIGANJ)
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7463
Branch Address	DANAPUR (NASRIGANJ), Patna, 800012, 7781004463
Contact Number	7781004463
City	Patna
District	Patna
Reason	PATNA
Pincode	800012
State	Bihar

Merger Update

It is important to note that Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these former banks have now merged into Bihar Gramin Bank, which operates under the sponsorship of Punjab National Bank. As a result, all transactions for Bihar Gramin Bank branches, including DANAPUR (NASRIGANJ), now use a single, unified IFSC code: PUNB0MBGB06.

This means that any old IFSC codes associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for fund transfers. You must use only the new IFSC code, PUNB0MBGB06, for all your financial transactions with Bihar Gramin Bank branches to ensure your money is transferred correctly.

What is an IFSC Code?

The IFSC (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 unique address for each bank branch in the digital world. This code is crucial for ensuring that money is sent to the correct recipient bank and branch when you perform transactions like NEFT, RTGS, or IMPS.

The 11 characters of an IFSC code are structured in a specific way:

• 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 “0” (zero). This character is reserved for future use and helps maintain uniformity in the code structure.
• The last six characters uniquely identify the specific branch. In PUNB0MBGB06, “MBGB06” refers to the specific branch code within Bihar Gramin Bank.

This unique combination ensures that your funds are routed precisely to the intended branch, even if there are multiple branches of the same bank in a single city.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are making digital fund transfers. Here’s a step-by-step guide for NEFT, RTGS, and IMPS:

1. Gather Beneficiary Details: Before starting a transfer, make sure you have the recipient’s (beneficiary’s) full name, their bank account number, the bank’s name, and the specific IFSC code for their branch. For the DANAPUR (NASRIGANJ) branch of Bihar Gramin Bank, this would be PUNB0MBGB06.
2. Log In to Your Banking Portal: Access your online banking account or mobile banking app.
3. Select Transfer Type: Choose the type of transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): This system processes transfers in batches, typically every half hour. It’s suitable for non-urgent transfers of any amount.
   • RTGS (Real Time Gross Settlement): Designed for large-value transactions (usually above Rs. 2 lakh), RTGS processes transfers individually and in real-time.
   • IMPS (Immediate Payment Service): This is an instant, 24/7 service that allows real-time interbank electronic fund transfers through mobile phones and internet banking.
4. Add Beneficiary (if not already added): If you haven’t transferred to this person before, you’ll need to add them as a new beneficiary. During this step, you will be asked for their name, account number, and the IFSC code. Enter PUNB0MBGB06 for the DANAPUR (NASRIGANJ) branch.
5. Initiate Transfer: Once the beneficiary is added (or if they are already saved), select their details, enter the amount you wish to transfer, and confirm the transaction. The system uses the IFSC code to correctly route your funds.
6. Review and Confirm: Always double-check all the details—especially the account number and IFSC code—before confirming the transfer. An incorrect IFSC code could delay your transaction or, in rare cases, send money to the wrong account.

The IFSC code is your guarantee that your money is going to the right place in the vast network of Indian banking.

Benefits of Knowing the IFSC Code

Understanding and using the correct IFSC code offers several practical benefits for your banking needs:

• Accurate Fund Transfers: It ensures that your money reaches the intended bank branch without any errors, reducing the risk of misdirected funds.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly and efficiently, ensuring timely delivery of funds.
• Enhanced Security: By uniquely identifying each branch, the IFSC code adds a layer of security to online transactions, helping to prevent fraud.
• Convenience for Online Banking: It is a mandatory piece of information for almost all online banking and mobile banking platforms when setting up a beneficiary or initiating a transfer.
• Avoid Transaction Delays: Using the correct code prevents your transaction from being held up or returned due to incorrect routing information.

Contact Information

If you need to get in touch with Bihar Gramin Bank or its DANAPUR (NASRIGANJ) branch, here are the contact details:

• Branch Phone Number (DANAPUR NASRIGANJ): 7781004463
• Branch Address (DANAPUR NASRIGANJ): DANAPUR (NASRIGANJ), Patna, 800012, 7781004463
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and their answers:

Q1: What happens if I use an incorrect IFSC code?
A1: If you enter an incorrect IFSC code, your transaction will likely be rejected by the bank. In some cases, if the incorrect code belongs to a valid but different branch, the funds might get misdirected. It’s crucial to always verify the IFSC code before initiating a transfer.

Q2: Is the IFSC code unique for every branch?
A2: Yes, absolutely. Each bank branch that participates in online fund transfers has a unique 11-character IFSC code. This ensures precise identification of the beneficiary’s branch.

Q3: Can I find the IFSC code online?
A3: Yes, you can. Most bank websites provide an IFSC finder tool. You can also find it on your bank’s passbook or cheque leaf. Additionally, many financial portals list comprehensive IFSC code directories.

Q4: What is the full form of IFSC?
A4: IFSC stands for “Indian Financial System Code.”

Q5: Do I need an IFSC code for cash deposits or withdrawals at the branch?
A5: No, the IFSC code is specifically required for electronic fund transfers (NEFT, RTGS, IMPS) between different banks or branches. For cash deposits or withdrawals directly at a branch, you only need the account number and your identity proof.