DIWAN is a branch located in Gaya district of Bihar (Pincode 824231). This branch services local retail and agricultural customers in and around Gaya. For electronic fund transfers — NEFT, RTGS and IMPS — the IFSC code is the single identifier that directs the payment to the correct bank and branch. Using the right IFSC avoids delays, failed transfers, and manual intervention by banks when funds need to be routed precisely to the DIWAN branch account.
Branch Details Table
| Bank Name | Bihar Gramin Bank |
| Branch Name | DIWAN |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7229 |
| Branch Address | DIWAN, Gaya, 824231, 9771464229 |
| Contact Number | 9771464229 |
| City | Gaya |
| District | Gaya |
| Reason | GAYA |
| Pincode | 824231 |
| State | Bihar |
Merger Update
If this branch previously belonged to Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), note the consolidation that moved their operations under Punjab National Bank (PNB). The unified IFSC now in use for these merged branches is PUNB0MBGB06. Old UBGB or DBGB IFSC codes have been revoked. For any NEFT, RTGS or IMPS transfer to the DIWAN branch you must use the new IFSC PUNB0MBGB06. Transactions initiated using revoked IFSCs will fail or be routed for manual correction, causing delays.
What is IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alpha-numeric code used to uniquely identify a bank branch for electronic payments.
- First 4 characters: Bank code (alphabetic). Example: PUNB = Punjab National Bank.
- 5th character: Always the digit 0, reserved for future use.
- Last 6 characters: Branch identifier assigned by the bank. These can be letters or numbers. Example: MBGB06 identifies the DIWAN branch under the present coding.
How to Use IFSC Code
Use the IFSC when adding a beneficiary or making a fund transfer via netbanking, mobile banking, or at a bank branch. Steps:
- Open your bank’s netbanking or mobile app and go to “Funds Transfer” or “Add Beneficiary”.
- Enter beneficiary name exactly as on the account and the account number.
- Enter the IFSC: PUNB0MBGB06. Verify the bank name and branch shown by the app after entering IFSC.
- Enter the amount and select transfer type: NEFT, RTGS or IMPS.
- Confirm details and authenticate (OTP / transaction password).
- Save beneficiary if you will send funds regularly.
Notes on mode selection:
- IMPS works 24×7 and is best for instant transfers under typical retail limits (usually up to ₹2 lakh depending on bank policy).
- NEFT is now available 24×7 and suits most routine transfers. Settlement is near real-time on modern platforms.
- RTGS is used for high-value real-time transfers. Many banks operate RTGS 24×7; check your bank’s cutoff or limits before initiating large transfers.
Always double-check the IFSC and account number. A wrong IFSC can route funds to the wrong branch or cause failure.
Benefits of Knowing the IFSC
- Ensures accurate routing of electronic payments (NEFT, RTGS, IMPS).
- Speeds up beneficiary setup in netbanking and mobile apps.
- Reduces failed transfers and manual reconciliation by the bank.
- Helps verify branch identity when you only have account number and MICR for cheque processing.
- Useful for inward remittances from employers, clients, or government agencies that require precise bank-branch details.
Contact
Branch Phone No: 9771464229
Branch Address: DIWAN, Gaya, 824231
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free No: 18001807777
FAQs
Q: Is PUNB0MBGB06 the only valid IFSC for DIWAN branch now?
A: Yes. Following consolidation under Punjab National Bank, PUNB0MBGB06 is the valid IFSC to use. Any older UBGB/DBGB IFSCs are revoked and will not work for NEFT/RTGS/IMPS.
Q: What happens if I enter the wrong IFSC while transferring?
A: If the wrong IFSC points to a different existing branch, the funds may go to that branch and require a manual recall. If the IFSC is invalid, the transaction will likely fail and be returned. Always verify the IFSC and account number before confirming a transfer.
Q: How can I verify the IFSC before sending money?
A: Verify the IFSC on a bank statement, cheque leaf, or by calling the branch phone number (9771464229). When you enter the IFSC in your bank’s portal, it usually displays the corresponding bank and branch — check that the branch shown is DIWAN, Gaya.
Q: Are there charges to receive money via NEFT/IMPS/RTGS?
A: Receiving funds is generally free for customers. Remitter side charges may apply depending on the sender’s bank and the transfer mode. For exact fee details ask your bank or consult its schedule of charges.
Q: Can I use the MICR code instead of IFSC for electronic transfers?
A: No. MICR (800811002) is used mainly for cheque processing and clearing. IFSC is mandatory for electronic transfers (NEFT/RTGS/IMPS).
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.