Bihar Gramin Bank EKANGARSARAI IFSC Code

The Bihar Gramin Bank branch located in EKANGARSARAI, Nalanda, Bihar, plays a crucial role in providing banking services to the local community. For any electronic fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), knowing the Indian Financial System Code, or IFSC code, is absolutely essential. This unique 11-character code identifies your specific bank and branch, ensuring your money reaches the correct recipient without delays or errors.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	EKANGARSARAI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7156
Branch Address	EKANGARSARAI, Nalanda, 801301, 9771464156
Contact Number	9771464156
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	801301
State	Bihar

Merger Update

The EKANGARSARAI branch, with its IFSC code PUNB0MBGB06, is specifically associated with Madhya Bihar Gramin Bank. This bank was formed through the merger of earlier regional rural banks and operates under the sponsorship of Punjab National Bank.

Across Bihar, many regional rural banks have undergone significant restructuring and mergers. For instance, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged and now operate under consolidated structures. Following such mergers, these banks use single, standardized IFSC codes under Punjab National Bank’s sponsorship. For the EKANGARSARAI branch, PUNB0MBGB06 is the current and only valid code for all financial transactions. This means any old IFSC codes previously associated with UBGB or DBGB, if they were somehow linked, are now revoked and cannot be used for fund transfers.

What is an IFSC Code?

The IFSC code is an 11-character alpha-numeric code assigned by the Reserve Bank of India (RBI) to identify individual bank branches participating in online banking. Each character in the code serves a specific purpose:

• The first four characters represent the bank’s name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank, and “MBGB” for Madhya Bihar Gramin Bank.
• The fifth character is always “0” (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In our example, “06” denotes the EKANGARSARAI branch.

This detailed structure helps ensure that funds are directed accurately to the intended branch, even across different banks.

How to Use an IFSC Code

You need the IFSC code whenever you want to transfer money electronically. Here’s how it’s typically used:

1. For NEFT (National Electronic Funds Transfer): This system processes transactions in batches. When initiating a NEFT transfer, you’ll need the beneficiary’s name, account number, bank name, and the correct IFSC code. For example, if you’re sending money to a friend’s Bihar Gramin Bank, EKANGARSARAI account, you’d enter their details along with PUNB0MBGB06.
2. For RTGS (Real Time Gross Settlement): RTGS handles large-value transactions immediately. Similar to NEFT, you provide the beneficiary’s details, including their IFSC code (PUNB0MBGB06 for the EKANGARSARAI branch), to ensure the instant transfer of funds.
3. For IMPS (Immediate Payment Service): IMPS allows instant interbank electronic fund transfers 24/7. When using IMPS via mobile banking or internet banking, you’ll enter the beneficiary’s account number and the IFSC code (like PUNB0MBGB06) to ensure the money reaches them instantly.

Always double-check the IFSC code before confirming a transaction to prevent any issues with your transfer.

Benefits of Knowing Your IFSC Code

• Error Prevention: Ensures your money goes to the correct branch, avoiding delays or misdirected funds.
• Faster Transfers: Essential for quick processing of NEFT, RTGS, and IMPS transactions.
• Convenience: Facilitates seamless online banking and mobile banking experiences.
• Account Verification: Used by various services for verifying bank account details.
• International Transfers: While not directly used for international transfers (SWIFT codes are), domestic legs of such transfers often rely on correct IFSC information.

Contact Information

For any queries related to the EKANGARSARAI branch of Bihar Gramin Bank (Madhya Bihar Gramin Bank), you can use the following contact details:

• Branch Phone Number: 9771464156
• Branch Address: EKANGARSARAI, Nalanda, 801301
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 unique to the EKANGARSARAI branch?

A: Yes, each branch of every bank has a unique IFSC code. PUNB0MBGB06 specifically identifies the Bihar Gramin Bank (Madhya Bihar Gramin Bank) EKANGARSARAI branch.

Q2: What is the difference between an IFSC code and a MICR code?

A: An IFSC code is used for electronic fund transfers like NEFT, RTGS, and IMPS. A MICR (Magnetic Ink Character Recognition) code, like 800811002 for this branch, is an 9-digit code primarily used for processing physical cheques.

Q3: Can I use an old IFSC code if the bank branch has merged or changed its name?

A: No. If a bank branch undergoes a merger or changes its structure, its old IFSC code typically becomes invalid. You must always use the new, updated IFSC code for any transactions to ensure they are processed correctly. For the EKANGARSARAI branch, PUNB0MBGB06 is the current valid code.

Q4: Where can I find the IFSC code for my bank branch?

A: You can usually find the IFSC code printed on your cheque book, bank passbook, or by logging into your bank’s internet banking portal or mobile app. You can also find it on the bank’s official website or through the RBI’s website.

Q5: Is it safe to share my IFSC code?

A: Yes, it is generally safe to share your IFSC code. It is public information used to identify your bank and branch for receiving funds. However, always be cautious about sharing your bank account number and other personal details with untrusted sources.