Bihar Gramin Bank DHANGAIN IFSC Code

If you’re looking to transfer funds to the Bihar Gramin Bank branch in DHANGAIN, Rohtas, understanding the Indian Financial System Code (IFSC) is key. This unique code is essential for ensuring your money reaches the correct bank and specific branch. It’s used for all major electronic fund transfers, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, your transaction cannot be processed, or worse, could be delayed or sent to the wrong place. This guide will provide all the necessary details for the DHANGAIN branch.

Branch Details

Here are the complete details for the Bihar Gramin Bank branch located in DHANGAIN:

Bank Name	Bihar Gramin Bank
Branch Name	DHANGAIN
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6869
Branch Address	DHANGAIN, Rohtas, 802212
Contact Number	7485096869
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	802212
State	Bihar

Merger Update for Bihar Gramin Bank

For those familiar with the regional rural banking landscape in Bihar, it’s important to note a significant update regarding Bihar Gramin Bank. This bank was formed from the merger of two earlier entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both these banks were sponsored by Punjab National Bank.

Following this merger, Bihar Gramin Bank now operates under a unified structure, and all its branches, including DHANGAIN, use a common series of IFSC codes. The specific IFSC code, PUNB0MBGB06, reflects this change and is now the official code. This means that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked. For any electronic fund transfers to a Bihar Gramin Bank account, you must use the new, standardized IFSC code, such as PUNB0MBGB06. Using an old or incorrect code will cause your transaction to fail.

What is an IFSC Code?

An IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in the NEFT network. Think of it as a digital address for a specific branch. Each part of the code tells you something about the bank and its location:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, sponsored by Punjab National Bank, the first four characters are usually PUNB.
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate bank codes from branch codes.
• The last six characters identify the specific branch. For the DHANGAIN branch, these characters are MBGB06. This part pinpoints the exact branch where the account is held.

So, for the DHANGAIN branch of Bihar Gramin Bank, the IFSC code PUNB0MBGB06 breaks down as: PUNB (Punjab National Bank, the sponsor bank) + 0 (control character) + MBGB06 (DHANGAIN branch code).

How to Use the IFSC Code

Using the IFSC code is simple once you understand the steps involved in online fund transfers. Whether you’re sending money via NEFT, RTGS, or IMPS, the process is largely similar. Here’s how you’d typically use it:

1. Log in to your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add a New Beneficiary: If you’re sending money to this account for the first time, you’ll need to add them as a new beneficiary or payee.
4. Enter Beneficiary Details: You will be prompted to enter several pieces of information for the recipient:
   • Recipient’s Account Number: The bank account number of the person you’re sending money to.
   • Recipient’s Name: The full name of the account holder.
   • Bank Name: Bihar Gramin Bank.
   • IFSC Code: Enter PUNB0MBGB06 for the DHANGAIN branch.
   • Account Type: Savings, Current, etc.
5. Confirm and Verify: After entering all details, the system will often confirm the bank and branch name associated with the IFSC code. Double-check everything carefully.
6. Initiate Transfer: Enter the amount you wish to transfer and confirm the transaction using your banking password or PIN.

Note on transfer types: NEFT transactions are processed in batches during working hours. RTGS is for larger amounts (typically above ₹2 lakh) and processes transactions individually and in real-time. IMPS allows instant transfers 24/7 for smaller amounts.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank or any recipient’s bank offers several key benefits:

• Ensures Accuracy: It directs funds precisely to the intended bank and branch, minimizing errors in transfers.
• Enables Online Transactions: It’s mandatory for all major electronic fund transfers, allowing you to send or receive money digitally.
• Faster Processing: With the correct IFSC, transactions are processed quickly, especially for IMPS and RTGS.
• Increased Security: The unique code adds a layer of security, ensuring funds are routed through validated channels.
• Facilitates Inter-bank Transfers: It connects different banks across India, making it easy to send money between various financial institutions.

Contact Information

Should you need to get in touch with the Bihar Gramin Bank or its DHANGAIN branch, here are the relevant contact details:

• DHANGAIN Branch Phone Number: 7485096869
• DHANGAIN Branch Address: DHANGAIN, Rohtas, 802212
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions

Here are answers to some common questions about IFSC codes:

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used for identifying bank branches in India.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A2: No, the IFSC code is unique for each specific branch of Bihar Gramin Bank. While the first few characters (PUNB0MBG) might be common for many branches within the bank, the last six characters will differ to identify each individual branch, like ’06’ for DHANGAIN.

Q3: What happens if I use an incorrect IFSC code for a transaction?
A3: If you use an incorrect IFSC code, the transaction will most likely fail and the funds will be returned to your account. In rare cases, if the incorrect code happens to belong to another valid branch and account combination, your money could be sent to the wrong recipient. Always double-check the IFSC code before confirming a transfer.

Q4: Can I find the IFSC code on my bank passbook or chequebook?
A4: Yes, the IFSC code is typically printed on your bank passbook and chequebook. You can usually find it on the first page of your passbook or at the top of a cheque leaf. It’s a reliable source for finding the correct code.

Q5: What is the significance of the ‘0’ as the fifth character in an IFSC code?
A5: The fifth character in every IFSC code is always a ‘0’ (zero). This character is a control digit and is reserved for future use. It helps maintain a standardized format and allows for potential expansions or changes in the coding structure if needed.