Bihar Gramin Bank Daudpur IFSC Code

If you need to send or receive money from the Bihar Gramin Bank branch in Daudpur, SARAN, understanding its IFSC code is essential. This unique code acts like a digital address, ensuring that your online fund transfers reach the correct destination. It is mandatory for various electronic payment systems like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service), allowing for smooth and secure financial transactions across India.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Daudpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100553
Branch Address	Daudpur, SARAN, 841205, 9297955215
Contact Number	9297955215
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841205
State	Bihar

Merger Update

Bihar Gramin Bank, which now serves the region including Daudpur, was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This unified entity now operates under the sponsorship of Punjab National Bank. As a result of this merger, all branches, including the Daudpur branch, now use a standardized IFSC code: PUNB0MBGB06. It is very important to understand that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid for transactions. For any fund transfer, only the new code, PUNB0MBGB06, should be used to ensure your transaction is successful.

What is an IFSC Code?

The IFSC code, which stands for Indian Financial System Code, is an 11-character alphanumeric code. It plays a crucial role in identifying specific bank branches within the Indian banking system. Here’s how it’s structured:

• First Four Characters: These characters identify the bank. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• Fifth Character: This character is always ‘0’ (zero). It is reserved for future use by the Reserve Bank of India.
• Last Six Characters: These characters precisely identify the specific branch. In the case of PUNB0MBGB06, “MBGB06” points directly to the Daudpur branch of Bihar Gramin Bank.

This unique structure helps in routing payments accurately to the intended recipient’s bank and branch.

How to Use an IFSC Code

You will need the IFSC code whenever you initiate an online fund transfer using services like NEFT, RTGS, or IMPS. Here are the general steps:

1. Log in to Net Banking or Mobile Banking: Access your bank account through your bank’s official website or mobile application.
2. Select Transfer Option: Choose the option for fund transfer, usually labeled as NEFT, RTGS, or IMPS.
3. Add Beneficiary (if new): If you are sending money to this account for the first time, you will need to add the beneficiary’s details.
4. Enter Beneficiary Details: Provide the following information carefully:
   • Beneficiary’s Account Number
   • Beneficiary’s Account Holder Name
   • Beneficiary’s Bank Name (Bihar Gramin Bank)
   • Beneficiary’s IFSC Code (PUNB0MBGB06 for Daudpur branch)
   • Transfer Amount
5. Confirm and Authorize: Review all the entered details to ensure accuracy, then proceed to confirm and authorize the transaction, often using an OTP (One-Time Password) or transaction password.

Benefits of Knowing the IFSC Code

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

• It ensures the accurate and timely transfer of funds to the correct beneficiary account.
• It is mandatory for all major electronic fund transfer methods like NEFT, RTGS, and IMPS.
• It helps prevent errors and delays in transactions, saving you time and potential hassle.
• It provides a unique identifier for each bank branch, simplifying inter-bank transactions.
• It is required when updating your bank details for various financial services or for receiving payments like salaries or government benefits.

Contact Information

Should you need to reach out to the Bihar Gramin Bank, Daudpur branch, or their head office, here are the contact details:

• Daudpur Branch Phone Number: 9297955215
• Daudpur Branch Address: Daudpur, SARAN, 841205
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Q1: What is the full form of IFSC?
A1: IFSC stands for Indian Financial System Code. It is an 11-character code used to identify bank branches for electronic fund transfers.

Q2: Is the Bihar Gramin Bank Daudpur branch IFSC code unique?
A2: Yes, the IFSC code PUNB0MBGB06 is unique to the Bihar Gramin Bank Daudpur branch. No other bank branch in India will have this exact same code.

Q3: Can I use an old IFSC code for Bihar Gramin Bank if it was previously Uttar Bihar Gramin Bank?
A3: No, old IFSC codes for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are no longer valid. Following the merger, all branches now use the standardized IFSC code under Punjab National Bank’s sponsorship, which for Daudpur is PUNB0MBGB06.

Q4: What happens if I enter the wrong IFSC code during a transaction?
A4: If you enter an incorrect IFSC code, your transaction will likely fail or be rejected by the system. In some rare cases, if the wrong code happens to belong to another valid branch and the account number matches, funds could be transferred incorrectly, leading to complications. Always double-check the IFSC code before confirming a transaction.

Q5: What services require an IFSC code?
A5: An IFSC code is required for most online banking services that involve transferring money between different banks. This includes NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), IMPS (Immediate Payment Service), and setting up mandates for recurring payments or direct debits from other banks.