The Bihar Gramin Bank branch in DIYAWAN, located in Nalanda district, Bihar, serves as an important financial hub for the local community. When you need to transfer money electronically, understanding the IFSC code for this branch is crucial. The Indian Financial System Code (IFSC) is a unique identifier used for all major electronic fund transfers, including NEFT, RTGS, and IMPS. This code ensures that your money goes to the correct bank and branch without any errors, making your transactions secure and efficient.
Branch Details Table
| Bank Name | Bihar Gramin Bank |
| Branch Name | DIYAWAN |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7155 |
| Branch Address | DIYAWAN, Nalanda, 801304, 9771464155 |
| Contact Number | 9771464155 |
| City | Nalanda |
| District | Nalanda |
| Region | BIHARSHARIF |
| Pincode | 801304 |
| State | Bihar |
Merger Update
Bihar Gramin Bank, along with other regional rural banks in Bihar, has undergone significant consolidation. Many regional rural banks, including those that previously operated as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), have merged. These banks now fall under the larger structure of banks sponsored by Punjab National Bank. Specifically, the IFSC code PUNB0MBGB06 indicates that this branch now operates under the umbrella of Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank.
It is important to note that any old IFSC codes previously used by banks like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, or even older codes for Bihar Gramin Bank itself, are no longer valid for transactions. For any electronic fund transfer to the DIYAWAN branch, you must use the updated and currently valid IFSC code PUNB0MBGB06. Using an old or incorrect code will result in transaction failure.
What is IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character code. It is essential for electronic money transfers within India. This code helps identify individual bank branches. Here’s how it’s structured:
- The first four characters represent the bank name. For PUNB0MBGB06, PUNB stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
- The fifth character is always a zero (0). This character is reserved for future use.
- The last six characters uniquely identify the specific branch. For PUNB0MBGB06, MBGB06 refers to the DIYAWAN branch within the Madhya Bihar Gramin Bank network.
This unique alphanumeric code ensures that money reaches the precise beneficiary bank and branch. It prevents delays and errors in online transactions.
How to Use IFSC Code
You will need the IFSC code when initiating various types of electronic fund transfers. Here’s how you use it for common services:
For NEFT (National Electronic Funds Transfer):
- Log into your bank’s online banking portal or mobile app.
- Go to the ‘Fund Transfer’ or ‘Payments’ section.
- Select ‘NEFT’ as the transfer method.
- Add a new beneficiary if you haven’t already. You will need the beneficiary’s name, account number, account type, and the IFSC code (PUNB0MBGB06 for DIYAWAN branch).
- Enter the amount you wish to transfer and confirm the details.
For RTGS (Real Time Gross Settlement):
- Access your online banking service or visit your bank branch.
- Choose ‘RTGS’ for large-value transfers.
- Provide the beneficiary’s details, including their name, account number, and the correct IFSC code (PUNB0MBGB06).
- Input the transfer amount. RTGS has a minimum transfer limit, usually starting from ₹2,00,000.
- Review and confirm the transaction.
For IMPS (Immediate Payment Service):
- Open your mobile banking app or UPI interface.
- Select the ‘IMPS’ option.
- You might need the beneficiary’s account number and IFSC code (PUNB0MBGB06), or their mobile number and MMID (Mobile Money Identifier).
- Enter the amount to be transferred. IMPS is suitable for immediate transfers, often available 24/7.
- Verify all details before confirming the payment.
Benefits
Knowing and using the correct IFSC code offers several important benefits:
- Accuracy: It ensures that funds are sent to the precise bank and branch, minimizing errors.
- Speed: It facilitates quick processing of NEFT, RTGS, and IMPS transactions.
- Security: The unique identifier adds a layer of security by pinpointing the destination bank.
- Convenience: Enables seamless online and mobile banking fund transfers from anywhere.
- Compliance: It is a mandatory requirement by the Reserve Bank of India for inter-bank electronic transactions.
Contact Section
Branch Contact Number: 9771464155
Branch Address: DIYAWAN, Nalanda, 801304
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll-Free Number: 18001807777
FAQs Section
Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is specific to the DIYAWAN branch. Each branch of Madhya Bihar Gramin Bank (under which Bihar Gramin Bank now operates due to mergers) has its own unique IFSC code. Always confirm the specific branch’s IFSC code before making a transfer.
Q2: What happens if I use an old or incorrect IFSC code?
A2: If you use an old or incorrect IFSC code, your electronic fund transfer will likely fail. The transaction will not go through, and the money will usually be returned to your account within a few hours or a working day. It’s crucial to always use the current and correct IFSC code.
Q3: Can I find the IFSC code on my passbook?
A3: Yes, the IFSC code is typically printed on your bank passbook or checkbook. You can also find it on the bank’s official website or by using reliable online IFSC code lookup tools by entering the bank name, state, district, and branch.
Q4: What is the difference between IFSC and MICR codes?
A4: IFSC (Indian Financial System Code) is used for electronic fund transfers like NEFT, RTGS, and IMPS. MICR (Magnetic Ink Character Recognition) code, on the other hand, is a 9-digit code primarily used for processing paper-based transactions, specifically clearing checks. It helps identify the bank and branch for check processing.
Q5: Is Bihar Gramin Bank now part of Punjab National Bank?
A5: Bihar Gramin Bank is a Regional Rural Bank (RRB) that has undergone mergers and is now sponsored by Punjab National Bank. This means PNB supports and governs its operations, and the IFSC codes reflect this sponsorship, often starting with “PUNB”. However, it still maintains its distinct identity as a Regional Rural Bank.
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.