Bihar Gramin Bank EKANGARDIH IFSC Code

If you need to send money to or from the EKANGARDIH branch of Bihar Gramin Bank in Nalanda, Bihar, you’ll need the Indian Financial System Code, or IFSC. This unique code is crucial for processing electronic fund transfers like NEFT, RTGS, and IMPS. It ensures that your money goes to the correct bank and branch without errors, making your transactions secure and efficient.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	EKANGARDIH
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7157
Branch Address	EKANGARDIH, Nalanda, 801301, 9771464157
Contact Number	9771464157
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	801301
State	Bihar

Merger Update

It’s important to understand the history behind Bihar Gramin Bank. This bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both banks are now part of Bihar Gramin Bank, and their transactions are sponsored by Punjab National Bank. As a result of this merger, all previous IFSC codes for UBGB and DBGB branches have been revoked and are no longer valid. For any electronic fund transfer to or from any Bihar Gramin Bank branch, including EKANGARDIH, you must use the new, consolidated IFSC code, which starts with PUNB0MBGB06.

What is an IFSC Code?

The IFSC Code is an 11-character alphanumeric code. It’s used by the Reserve Bank of India (RBI) to identify individual bank branches in India. This code is essential for all types of electronic fund transfers. Let’s break down its structure using our example, PUNB0MBGB06:

• The first four characters (PUNB) identify the bank. In this case, ‘PUNB’ stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This is a control character reserved for future use by the RBI.
• The last six characters (MBGB06) identify the specific bank branch. ‘MBGB’ often signifies ‘Merged Bihar Gramin Bank’, and ’06’ points to the unique EKANGARDIH branch.

How to Use an IFSC Code

Using the IFSC code is simple when you’re making an online payment. Here are the steps for common transfer methods:

• NEFT (National Electronic Funds Transfer): This system processes transactions in batches. When initiating an NEFT transfer through your bank’s online portal or mobile app, you will need to add the beneficiary’s details. This includes their name, account number, account type (savings or current), the bank’s name (Bihar Gramin Bank), and the correct IFSC code (PUNB0MBGB06).
• RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, where funds are settled individually and immediately. The process is similar to NEFT. You will enter the beneficiary’s details, including their bank’s IFSC code (PUNB0MBGB06), ensuring all information is accurate for instant transfer.
• IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. You can use IMPS via mobile banking or your bank’s app. Again, you’ll need the beneficiary’s mobile number, their MMID (Mobile Money Identifier) or their account number and the IFSC code (PUNB0MBGB06).

Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong recipient.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code for Bihar Gramin Bank’s EKANGARDIH branch offers several advantages:

• It ensures your electronic fund transfers like NEFT, RTGS, and IMPS are routed to the correct branch.
• It helps prevent common errors that can delay or misdirect your money.
• The code provides a unique identifier for each bank branch, making the payment system highly organized.
• It is a mandatory requirement for initiating any online bank-to-bank transfer within India.
• It plays a crucial role in the speed and security of your financial transactions.

Contact Information

For inquiries or assistance regarding the EKANGARDIH branch or other Bihar Gramin Bank services, you can use the following contact details:

• Branch Phone Number: 9771464157
• Branch Address: EKANGARDIH, Nalanda, 801301, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are answers to some common questions about IFSC codes and Bihar Gramin Bank:

Q1: What does ‘PUNB’ in PUNB0MBGB06 signify?
A1: ‘PUNB’ indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank. All electronic transactions for Bihar Gramin Bank branches are processed through Punjab National Bank’s network.

Q2: Why is the fifth character of the IFSC code always ‘0’?
A2: The fifth character is a ‘0’ (zero) as per the Reserve Bank of India’s design. It acts as a control character and is kept for future use, such as for expanding the code structure if needed.

Q3: Can I still use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?
A3: No, you cannot. After the merger that formed Bihar Gramin Bank, all old IFSC codes from UBGB and DBGB were revoked. You must use the new, consolidated IFSC code (e.g., PUNB0MBGB06) for all transactions to and from Bihar Gramin Bank branches.

Q4: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A4: No, the IFSC code is unique for each branch. While the first five characters (PUNB0) are common for all Bihar Gramin Bank branches due to the sponsor bank and the system design, the last six characters are different for every specific branch, identifying its unique location and identity.

Q5: What’s the main difference between NEFT, RTGS, and IMPS?
A5: The main differences lie in transaction timing and limits. IMPS offers instant 24/7 transfers, typically for smaller amounts. NEFT processes transactions in batches during banking hours, usually for medium amounts. RTGS is for large-value transfers that are settled individually and in real-time during banking hours.