Bihar Gramin Bank DHURGAON IFSC Code

The Bihar Gramin Bank branch in DHURGAON, Nalanda, Bihar is an important part of the local banking network. When you need to send money electronically to or from this branch, knowing its Indian Financial System Code, or IFSC, is crucial. This unique 11-character code ensures that your funds are transferred quickly and securely through systems like NEFT, RTGS, and IMPS, making sure your money reaches the right account without issues.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	DHURGAON
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7154
Branch Address	DHURGAON, Nalanda, 801301
Contact Number	9771464154
City	Nalanda
District	Nalanda
Pincode	801301
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed from the merger of two important regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both banks have now come together under the sponsorship of Punjab National Bank. As a result of this merger, all branches, including DHURGAON, now use a unified IFSC code structure that starts with “PUNB0”. For the DHURGAON branch, the valid IFSC code is PUNB0MBGB06.

It is very important to note that any old IFSC codes previously used for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid for transactions. You must use the new, unified IFSC code PUNB0MBGB06 for all your fund transfers to or from the DHURGAON branch of Bihar Gramin Bank.

What is an IFSC Code?

An IFSC code is an 11-character alpha-numeric code that uniquely identifies every bank branch in India. It is essential for electronic fund transfers. The code is structured in a specific way:

• The first four characters represent the name of the bank. For Bihar Gramin Bank, since it is sponsored by Punjab National Bank, these characters are PUNB.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific branch. For the DHURGAON branch of Bihar Gramin Bank, these characters are MBGB06. So, the full code becomes PUNB0MBGB06.

This unique combination ensures that your funds are directed to the exact branch and account you intend.

How to Use the IFSC Code

Using the IFSC code is simple once you understand the steps for common electronic fund transfer methods like NEFT, RTGS, and IMPS:

1. Gather Receiver Details: Before starting any transfer, make sure you have the beneficiary’s full name, account number, bank name, and the correct IFSC code (PUNB0MBGB06 for DHURGAON branch).
2. Log In: Access your internet banking portal or mobile banking app.
3. Select Transfer Type: Choose the type of transfer you want to make:
   • NEFT (National Electronic Funds Transfer): Best for transfers where speed is not critical, typically processed in batches.
   • RTGS (Real Time Gross Settlement): Used for large-value transfers (minimum ₹2 Lakhs) that need to be processed immediately on a “real-time” basis.
   • IMPS (Immediate Payment Service): For instant, 24/7 transfers, even on holidays, often used for smaller amounts.
4. Add Beneficiary (First Time): If you are sending money to this account for the first time, you will need to add them as a beneficiary. This usually involves entering their name, account number, account type (savings or current), and the IFSC code (PUNB0MBGB06). Your bank might have a cooling-off period before you can transfer funds to a new beneficiary.
5. Initiate Transfer: Select the beneficiary, enter the amount you wish to send, and confirm the details. The IFSC code ensures your bank knows exactly where to send the money.
6. Review and Confirm: Always double-check all the details, especially the account number and IFSC code, before confirming the transaction. An incorrect IFSC code could delay or misdirect your funds.

Benefits of Knowing the IFSC Code

Understanding and using the correct IFSC code offers several advantages for your banking needs:

• Accurate Fund Transfers: It guarantees that your money is sent to the precise bank branch you intended, reducing errors and potential delays.
• Faster Transactions: With the correct IFSC, electronic transfers like NEFT, RTGS, and IMPS are processed efficiently, allowing funds to reach the beneficiary account quickly.
• Secure Payments: The unique identification helps prevent fraud by ensuring funds are routed through official banking channels to verified destinations.
• Convenience: It enables seamless online banking, allowing you to manage your transfers from anywhere, anytime, without visiting a physical branch.
• Branch Identification: It serves as a clear identifier for a specific branch, which is especially useful in a vast banking network like India’s.

Contact Information

For any banking inquiries related to the DHURGAON branch of Bihar Gramin Bank, or general information, you can use the following contact details:

DHURGAON Branch Phone Number: 9771464154
DHURGAON Branch Address: DHURGAON, Nalanda, 801301

Bihar Gramin Bank Head Office Address:
SHRI VISHNU COMMERCIAL COMPLEX
ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What exactly do the characters in PUNB0MBGB06 mean?
A1: The first four characters, “PUNB,” identify Punjab National Bank as the sponsoring bank. The fifth character, “0,” is a control digit for future use. The last six characters, “MBGB06,” uniquely identify the DHURGAON branch of Bihar Gramin Bank.

Q2: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A2: No, this specific IFSC code (PUNB0MBGB06) is only for the DHURGAON branch. While the first five characters (PUNB0) might be common for many Bihar Gramin Bank branches under Punjab National Bank’s sponsorship, the last six characters are unique to each individual branch. Always confirm the exact IFSC code for the specific branch you are transacting with.

Q3: What is the difference between NEFT and RTGS?
A3: NEFT (National Electronic Funds Transfer) processes transactions in batches at specific times throughout the day, so funds may take a few hours to reflect. RTGS (Real Time Gross Settlement) processes transactions individually and continuously, in “real-time,” making it faster. RTGS also has a minimum transaction amount of ₹2 Lakhs, while NEFT has no minimum.

Q4: Can I use this IFSC code for international money transfers?
A4: No, the IFSC code is specifically designed for domestic electronic fund transfers within India. For international money transfers, you would typically need a SWIFT code (Society for Worldwide Interbank Financial Telecommunication) or BIC (Bank Identifier Code) for the receiving bank, not an IFSC code.

Q5: What happens if I enter an incorrect IFSC code during a transaction?
A5: If you enter an incorrect IFSC code, the transaction will likely fail and your funds will not be debited. However, if the incorrect IFSC code corresponds to a valid, different branch, your funds might be transferred to the wrong account at that branch. It is critical to double-check the IFSC code, along with the account number, before confirming any transaction to avoid errors and potential loss of funds.