Bihar Gramin Bank Gaunaha Bazar IFSC Code

If you’re looking to make a fund transfer to or from the Bihar Gramin Bank branch located in Gaunaha Bazar, West Champaran, Bihar, understanding the Indian Financial System Code (IFSC) is crucial. This unique eleven-character code is essential for all electronic money transactions within India. Whether you are sending money through NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service), the correct IFSC code ensures your funds reach the intended beneficiary quickly and securely.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Gaunaha Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100305
Branch Address	Gaunaha Bazar, WEST CHAMPARAN, 845455
Contact Number	9297954039
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Region	BETTIAH
Pincode	845455
State	Bihar

Merger Update

The Bihar Gramin Bank, which includes the Gaunaha Bazar branch, was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation has streamlined banking operations across Bihar.

As part of this merger, all branches of the new Bihar Gramin Bank now operate under a unified system. They are sponsored by Punjab National Bank. This means there is a single, standardized IFSC code used for all electronic fund transfers involving Bihar Gramin Bank branches, including the one in Gaunaha Bazar. That common code is PUNB0MBGB06.

It’s very important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are no longer valid for transactions. For any fund transfers to or from the Bihar Gramin Bank, Gaunaha Bazar, or any other branch of Bihar Gramin Bank, you must use the new, consolidated IFSC code: PUNB0MBGB06.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code used to identify all bank branches participating in online banking. It’s a unique identifier that helps direct money to the correct bank and branch during electronic transfers.

The structure of the IFSC code is straightforward:

• The first four characters are alphabetic and represent the bank name. For Bihar Gramin Bank, this is “PUNB” because it is sponsored by Punjab National Bank, indicating its parent bank for electronic transactions.
• The fifth character is always a “0” (zero). This character is reserved for future use and acts as a control digit.
• The last six characters are alphanumeric and identify the specific branch. For the Gaunaha Bazar branch, these characters are “MBGB06”.

So, for the Bihar Gramin Bank, Gaunaha Bazar branch, the IFSC Code PUNB0MBGB06 clearly identifies it for all electronic transactions.

How to Use the IFSC Code

Using the IFSC code is a standard part of electronic fund transfers. Here’s how it typically works for different services:

• NEFT (National Electronic Funds Transfer): When you want to send money using NEFT, you need to provide the beneficiary’s bank account number, their name, and the correct IFSC code. The system uses the IFSC to route the money to the specific Bihar Gramin Bank, Gaunaha Bazar branch. NEFT transactions are processed in batches during specific hours.
• RTGS (Real-Time Gross Settlement): For large-value transfers (typically Rs. 2 lakh and above), RTGS is used. Similar to NEFT, you will need the beneficiary’s account details and the IFSC code. RTGS transactions are processed individually and immediately, providing a faster settlement for high-value amounts.
• IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. You’ll need the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code. The IFSC code ensures the funds are credited instantly to the correct account at the Gaunaha Bazar branch.

Always double-check the IFSC code before initiating a transaction to prevent any errors or delays in sending money.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, Gaunaha Bazar offers several important benefits:

• Accurate Fund Transfers: It ensures your money goes to the exact intended recipient and branch, reducing errors.
• Faster Transactions: Correct IFSC codes allow for quick processing of NEFT, RTGS, and IMPS payments.
• Enhanced Security: The unique identification helps prevent fraudulent routing of funds.
• Standardization: It provides a universal system for identifying bank branches across India, making interbank transactions seamless.
• Convenience: It simplifies the process of sending and receiving money online, eliminating the need for physical visits to the bank for every transaction.

Contact Information

• Branch Phone Number (Gaunaha Bazar): 9297954039
• Branch Address (Gaunaha Bazar): Gaunaha Bazar, WEST CHAMPARAN, 845455
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

FAQs

Q1: What is the IFSC code for Bihar Gramin Bank, Gaunaha Bazar branch?
A1: The IFSC code for the Bihar Gramin Bank, Gaunaha Bazar branch, is PUNB0MBGB06.

Q2: Is the old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) still valid for this branch?
A2: No, the old IFSC codes for UBGB and DBGB branches are no longer valid. Following the merger, all branches of the Bihar Gramin Bank, including Gaunaha Bazar, now use the unified IFSC code PUNB0MBGB06.

Q3: Can I use this IFSC code for international money transfers?
A3: No, the IFSC code is specifically designed for domestic electronic fund transfers within India. For international money transfers, you would typically need the SWIFT (Society for Worldwide Interbank Financial Telecommunication) code of the beneficiary’s bank, not the IFSC code.

Q4: Where else can I find the IFSC code for the Gaunaha Bazar branch?
A4: You can usually find the IFSC code printed on your Bihar Gramin Bank cheque book. It is also available on the official website of Bihar Gramin Bank or Punjab National Bank, and on various third-party financial websites.

Q5: What do the parts of the IFSC code PUNB0MBGB06 signify for this specific branch?
A5: In PUNB0MBGB06, “PUNB” identifies Punjab National Bank (the sponsor bank), “0” is a control digit, and “MBGB06” specifically identifies the Gaunaha Bazar branch of Bihar Gramin Bank. “MBGB” likely stands for “Madhya Bihar Gramin Bank” or a similar regional identifier that existed before the full merger, now standardized under the PNB prefix.