Bihar Gramin Bank DEEPNAGAR IFSC Code

The Bihar Gramin Bank branch in DEEPNAGAR, Nalanda, plays an important role in the local community. For anyone needing to send or receive money electronically, understanding its Indian Financial System Code, or IFSC, is essential. The IFSC acts like a unique digital address for bank branches, ensuring your funds go to the correct destination quickly and securely. This code is crucial for all major electronic fund transfer systems in India, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Branch Details

Here are the key details for the Bihar Gramin Bank DEEPNAGAR branch:

Bank Name	Bihar Gramin Bank
Branch Name	DEEPNAGAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7152
Branch Address	DEEPNAGAR, Nalanda, 803111, 9771464152
Contact Number	9771464152
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803111
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). After this merger, all branches, including DEEPNAGAR, now operate under the sponsorship of Punjab National Bank. As a result, a unified IFSC code, PUNB0MBGB06, has been assigned to all branches of Bihar Gramin Bank. It is very important to note that any old IFSC codes previously used by UBGB or DBGB branches are now revoked and no longer valid for transactions. Always use PUNB0MBGB06 for any electronic fund transfers to or from the DEEPNAGAR branch of Bihar Gramin Bank.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in electronic funds transfers. It’s designed to make sure that money transfers like NEFT, RTGS, and IMPS reach the correct bank branch without any errors. Here’s how the code is structured:

• The first four characters represent the bank name. For Bihar Gramin Bank, this is PUNB, indicating its sponsoring bank, Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between the bank code and the branch code.
• The last six characters identify the specific branch. For the DEEPNAGAR branch, these are MBGB06.

So, the full IFSC for Bihar Gramin Bank DEEPNAGAR is PUNB0MBGB06.

How to Use the IFSC Code

Using the IFSC code correctly is crucial for successful electronic fund transfers. Here’s a simple guide:

1. Gather Recipient Details: Before starting a transaction, you will need the recipient’s full name, account number, account type (savings or current), the bank name (Bihar Gramin Bank), and the correct IFSC code (PUNB0MBGB06).
2. Choose Your Transfer Method: Decide whether you want to use NEFT, RTGS, or IMPS. These options are usually available through your bank’s internet banking portal or mobile banking app.
3. Log In to Your Bank Account: Access your online banking or mobile app using your credentials.
4. Navigate to Fund Transfer: Look for sections like “Fund Transfer,” “Payments,” or “Money Transfer.”
5. Add Beneficiary: If you’re sending money to this recipient for the first time, you’ll need to add them as a new beneficiary. You’ll enter their name, account number, and the IFSC code PUNB0MBGB06. Your bank’s system will usually verify the bank and branch details automatically once the IFSC is entered.
6. Enter Amount and Confirm: After adding the beneficiary, select them, enter the amount you wish to transfer, and confirm the transaction. You might need to enter a PIN or OTP (One-Time Password) to complete the transfer.

Always double-check all details, especially the account number and IFSC code, before confirming the transaction to avoid sending money to the wrong account.

Benefits of Knowing Your IFSC Code

Understanding and knowing the correct IFSC code for your bank branch offers several benefits:

• Accurate Fund Transfers: It ensures that your money reaches the intended recipient’s bank branch without errors, minimizing the risk of bounced or misdirected transactions.
• Faster Processing: For electronic transfers like NEFT, RTGS, and IMPS, the IFSC code facilitates quick and efficient processing, often allowing transfers to complete within minutes or hours.
• Convenience for Online Banking: With the IFSC, you can easily set up beneficiaries and perform transactions from the comfort of your home using internet banking or mobile apps, saving you a trip to the bank.
• Enhanced Security: The unique identification provided by the IFSC adds a layer of security by making sure funds are routed through the correct banking channels.
• Wide Accessibility: It enables seamless transfers across different banks and branches nationwide, connecting a vast network of financial institutions.

Contact Information

If you need to get in touch with Bihar Gramin Bank DEEPNAGAR branch or the head office, here are the details:

• DEEPNAGAR Branch Phone Number: 9771464152
• DEEPNAGAR Branch Address: DEEPNAGAR, Nalanda, 803111, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Customer Care): 18001807777

Frequently Asked Questions

Here are answers to some common questions about Bihar Gramin Bank and its IFSC code:

What is the IFSC code for Bihar Gramin Bank DEEPNAGAR branch?
The IFSC code for Bihar Gramin Bank DEEPNAGAR branch is PUNB0MBGB06. This code is mandatory for all electronic fund transfers.

Why is the fifth character of the IFSC code always zero?
The fifth character of an IFSC code is always ‘0’ (zero). This character is reserved for future use, such as accommodating changes in banking structures, and helps to distinguish the bank code from the specific branch code within the 11-character format.

Can I use an old IFSC code for Bihar Gramin Bank, like one from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
No, you cannot. Following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, all old IFSC codes belonging to the previous entities have been revoked. You must use the new, unified IFSC code, PUNB0MBGB06, for all transactions involving Bihar Gramin Bank branches, including DEEPNAGAR.

What is the difference between NEFT, RTGS, and IMPS?
These are all electronic fund transfer systems with key differences:

• NEFT (National Electronic Funds Transfer): Processes payments in batches, so settlement is not immediate but occurs within specific time slots. There’s no minimum or maximum limit.
• RTGS (Real Time Gross Settlement): Processes payments individually and continuously, meaning transfers are immediate and final. It’s typically used for high-value transactions, with a minimum transfer amount of ₹2 lakh.
• IMPS (Immediate Payment Service): Offers instant, 24/7 interbank electronic fund transfer through mobile, internet, or ATM. It’s ideal for smaller, urgent transfers, often with a limit of ₹5 lakh per transaction.

Is the MICR code the same as the IFSC code?
No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code (e.g., 800811002 for DEEPNAGAR) is a 9-digit code primarily used for processing paper-based documents like cheques. It helps in quickly identifying the bank and branch during cheque clearing. The IFSC code, on the other hand, is specifically for electronic fund transfers.