Bihar Gramin Bank DERGAON IFSC Code

You’re looking for details about the Bihar Gramin Bank branch located in DERGAON, a significant area within the Rohtas district of Bihar. This article will provide you with all the essential information, particularly focusing on its IFSC code. The IFSC code is a vital piece of information for modern banking. It’s a unique identifier that makes sure your money transfers, whether through NEFT, RTGS, or IMPS, reach the correct bank and branch swiftly and accurately.

Branch Details

Here are the complete details for the Bihar Gramin Bank, DERGAON branch:

Bank Name	Bihar Gramin Bank
Branch Name	DERGAON
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7347
Branch Address	DERGAON, Rohtas, 802204
Contact Number	9771464347
City	Rohtas
District	Rohtas (SASARAM Region)
Pincode	802204
State	Bihar

Merger Update

Bihar Gramin Bank was formed following the merger of two significant regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks now operate under the single identity of Bihar Gramin Bank. This new entity is sponsored by Punjab National Bank (PNB), which means it uses PNB’s banking infrastructure and standards.

As a result of this merger, all branches of the former UBGB and DBGB, including the DERGAON branch, now use a standardized IFSC code. For Bihar Gramin Bank branches, the common IFSC code format begins with PUNB0MBGB. Specifically, for the DERGAON branch, the IFSC code is PUNB0MBGB06. It is crucial to understand that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for conducting financial transactions. For all digital fund transfers to or from the DERGAON branch, you must use PUNB0MBGB06.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify bank branches uniquely within the Indian financial system. Think of it as a specific address for each bank branch that helps ensure your online money transfers go to the right place.

The structure of an IFSC code is simple:

• The first four characters represent the name of the bank. For Bihar Gramin Bank, this is PUNB (as it’s sponsored by Punjab National Bank, which is the umbrella bank for this series of IFSC codes).
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters identify the specific branch. For the DERGAON branch, these are MBGB06.

So, PUNB0MBGB06 clearly indicates it’s a code associated with Punjab National Bank, the fifth character is zero, and MBGB06 points to the DERGAON branch of Bihar Gramin Bank.

How to Use an IFSC Code

You will need the IFSC code when you perform various online fund transfers. Here’s how it works for common methods:

NEFT (National Electronic Funds Transfer): This system allows you to transfer money from one bank account to another across India. NEFT transactions are processed in batches.

• When setting up a new beneficiary for an NEFT transfer, your bank’s online portal or mobile app will ask for the beneficiary’s name, account number, account type, and the IFSC code (e.g., PUNB0MBGB06).
• For example, if you want to send money to someone with an account at Bihar Gramin Bank, DERGAON branch, you would input their account number and PUNB0MBGB06.

RTGS (Real Time Gross Settlement): This is for large value transfers, where money is processed individually and instantly. RTGS is generally used for transactions of 2 lakhs and above.

• Similar to NEFT, for RTGS transfers, you will need the beneficiary’s name, account number, and the correct IFSC code, such as PUNB0MBGB06 for the DERGAON branch.
• The system uses this code to route the funds directly to the specific branch without any delay.

IMPS (Immediate Payment Service): This is an instant interbank electronic fund transfer service available 24/7, including holidays.

• IMPS can be done using either the beneficiary’s account number and IFSC code or their mobile number and MMID (Mobile Money Identifier).
• If you’re using the account number method, the IFSC code (PUNB0MBGB06) is essential to ensure the immediate transfer reaches the correct account at the DERGAON branch.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code at hand offers several advantages:

• Accurate Transfers: It guarantees that your money is sent to the precise bank branch you intend, preventing errors and delays.
• Faster Processing: With the correct IFSC, online transactions like NEFT, RTGS, and IMPS are processed more efficiently.
• Security: It adds a layer of security by confirming the destination of funds, reducing the risk of fraud.
• Mandatory for Online Banking: For any digital fund transfer, the IFSC code is a compulsory field. You cannot complete the transaction without it.
• Easy Branch Identification: The code quickly identifies the bank and its specific branch, which is helpful for various banking operations beyond just fund transfers.

Contact Information

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

• DERGAON Branch Phone Number: 9771464347
• DERGAON Branch Address: DERGAON, Rohtas, Pincode: 802204, State: Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-free Customer Service Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: Can I use an old UBGB or DBGB IFSC code for a transaction to the DERGAON branch?
A1: No, you cannot. Following the merger, all old IFSC codes belonging to Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new standardized IFSC code, PUNB0MBGB06, for all transactions involving the DERGAON branch of Bihar Gramin Bank.

Q2: What happens if I accidentally use a wrong or old IFSC code?
A2: If you use an incorrect or an old, revoked IFSC code, your transaction will likely fail. The bank’s system will not be able to locate the intended branch, and the transfer will be rejected. You will then need to initiate the transaction again with the correct IFSC code.

Q3: Is the IFSC code unique for every bank branch?
A3: Yes, absolutely. Each bank branch in India has its own unique 11-character IFSC code. This uniqueness is what allows funds to be directed accurately to the correct destination during online transfers.

Q4: Where else can I find the IFSC code for the DERGAON branch?
A4: Besides this article, you can usually find the IFSC code printed on your bank passbook or checkbook. It is also available on the official website of Bihar Gramin Bank or Punjab National Bank, and on various financial aggregators’ websites.

Q5: Do I need an IFSC code for cash deposits or withdrawals at the branch?
A5: No, you do not need an IFSC code for cash deposits or withdrawals directly at the branch counter. The IFSC code is specifically required for electronic fund transfers (NEFT, RTGS, IMPS) between different bank accounts and branches.