Bihar Gramin Bank DHAMAULI BAZAR IFSC Code

The Bihar Gramin Bank branch located in DHAMAULI BAZAR, Nalanda district, Bihar, is an important banking hub for the local community. To handle money transfers effectively in today’s digital world, understanding the Indian Financial System Code (IFSC) is crucial. This unique code allows for secure and accurate electronic fund transfers through systems like NEFT, RTGS, and IMPS, ensuring your money reaches the right account without delays.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	DHAMAULI BAZAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7563
Branch Address	DHAMAULI BAZAR, Nalanda, 803110, 7070997563
Contact Number	7070997563
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803110
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). This consolidation has resulted in a unified banking entity. Currently, Bihar Gramin Bank operates under the sponsorship of Punjab National Bank. As a result of this merger, all branches, including DHAMAULI BAZAR, now use a standardized IFSC code series. The specific IFSC code for DHAMAULI BAZAR is PUNB0MBGB06. It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. Always use the new, updated IFSC code for all your fund transfers.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code. It identifies every bank branch in India participating in the NEFT, RTGS, and IMPS payment systems. This code is crucial for directing electronic money transfers to the correct recipient bank and branch. Let’s break down the structure using the DHAMAULI BAZAR branch’s IFSC code, PUNB0MBGB06:

• The first four characters represent the bank name. In this case, PUNB stands for 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, such as for internal bank use or potential expansion.
• The last six characters identify the specific branch. For DHAMAULI BAZAR, these are MBGB06. This part pinpoints the exact branch where the beneficiary holds an account.

How to Use IFSC Code

Using the IFSC code is straightforward when you need to send money electronically. Whether you are using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the process generally follows these steps:

1. Log in: Access your online banking portal or mobile banking 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’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This typically involves providing:
   • The beneficiary’s full name.
   • The beneficiary’s bank account number.
   • The beneficiary’s bank name (Bihar Gramin Bank).
   • The beneficiary’s bank branch (DHAMAULI BAZAR).
   • The IFSC code of the beneficiary’s branch (PUNB0MBGB06).
4. Enter Amount: Specify the amount of money you wish to transfer.
5. Confirm Details: Review all the entered information carefully to avoid errors.
6. Authorize Transfer: Complete the transaction using your password, PIN, or OTP (One-Time Password).

Once authorized, the funds will be transferred to the recipient’s account. NEFT and RTGS operate during specific banking hours, while IMPS offers instant transfers 24/7.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages for banking transactions:

• It enables secure and swift electronic fund transfers, reducing the need for physical cash or cheques.
• The unique code ensures that money is sent to the precise bank and branch, minimizing the risk of errors.
• It is essential for initiating online transactions such as NEFT, RTGS, and IMPS through internet banking and mobile apps.
• It serves as a standardized identifier, recognized across all banks and financial institutions in India.
• Knowing the IFSC code simplifies receiving funds from others, as you can easily provide it to senders.

Contact Information

For inquiries related to the DHAMAULI BAZAR branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 7070997563
• Branch Address: DHAMAULI BAZAR, Nalanda, Pincode – 803110, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

What is the IFSC code for Bihar Gramin Bank DHAMAULI BAZAR branch?
The IFSC code for Bihar Gramin Bank, DHAMAULI BAZAR branch, is PUNB0MBGB06.

Is Bihar Gramin Bank still Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
No, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) merged to form Bihar Gramin Bank. So, it is now a single entity operating as Bihar Gramin Bank.

Why is the fifth character of the IFSC code always zero?
The fifth character of the IFSC code is always zero. This is a standard practice set by the Reserve Bank of India. It is kept as zero for future use, allowing for potential changes or expansions in the banking system without needing to restructure the entire code.

Can I use an old IFSC code for UBGB or DBGB for a transaction?
No, old IFSC codes for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid. You must use the new, updated IFSC code series, such as PUNB0MBGB06 for the DHAMAULI BAZAR branch, for all your electronic fund transfers.

What information do I need to make an NEFT/RTGS/IMPS transfer in addition to the IFSC code?
Besides the IFSC code, you will need the beneficiary’s full name, their bank account number, and the amount you wish to transfer. Providing the correct bank and branch name is also helpful to ensure accuracy.

How can I verify the correct IFSC code for a branch?
You can find the correct IFSC code on your chequebook, bank passbook, the bank’s official website, or the Reserve Bank of India’s (RBI) website. It is always wise to double-check before initiating a transfer.