Bihar Gramin Bank GAURICHAK IFSC Code

When you need to send money digitally to someone in GAURICHAK, Patna, Bihar, understanding how to do it correctly is important. This area is served by the Bihar Gramin Bank, and for any online fund transfer like NEFT, RTGS, or IMPS, you will need a specific code. This code is called the Indian Financial System Code, or IFSC. It acts like a unique digital address, ensuring your money reaches the right bank and the correct branch, even in places like GAURICHAK.

Bihar Gramin Bank GAURICHAK Branch Details

Here are the key details for the Bihar Gramin Bank branch located in GAURICHAK:

Bank Name	Bihar Gramin Bank
Branch Name	GAURICHAK
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7546
Branch Address	GAURICHAK, Patna, 803201
Contact Number	7541807546
City	Patna
District	Patna
Reason	PATNA
Pincode	803201
State	Bihar

Merger Update for Bihar Gramin Bank

It is important to note a significant change for 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 of these banks are now operating under the unified identity of Bihar Gramin Bank.

Following this merger, the banking operations are now sponsored by Punjab National Bank. This means that all branches, including GAURICHAK, use a single, standardized IFSC code. The unified IFSC code for Bihar Gramin Bank is PUNB0MBGB06.

If you previously used an IFSC code that began with “UBGB” or “DBGB,” those old codes have been officially revoked. For any current or future online fund transfers to any Bihar Gramin Bank branch, you must use only the new IFSC code: PUNB0MBGB06. Using an old or incorrect code will cause your transaction to fail.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online money transfers within India. Think of it as a specific address for a bank branch in the digital banking world.

• The first four characters identify the bank. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters identify the specific bank branch. In PUNB0MBGB06, “MBGB06” points to a particular branch of Bihar Gramin Bank, specifically the GAURICHAK branch.

How to Use an IFSC Code

You will need the IFSC code when initiating any of the following digital payment methods:

• NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches throughout the day. It is suitable for non-urgent transfers.
  
  Steps:
  1. Log in to your bank’s online banking portal or mobile app.
  2. Go to the “Fund Transfer” or “Payments” section.
  3. Select “NEFT.”
  4. Add the beneficiary (the person you are sending money to). You will need their name, account number, account type, and the IFSC code (PUNB0MBGB06 for GAURICHAK branch).
  5. Enter the amount and confirm the transaction.
• RTGS (Real Time Gross Settlement): This is for large-value transactions, typically ₹2 lakhs and above. Transfers are processed individually and in real-time.
  
  Steps:
  1. Log in to your bank’s online banking portal or mobile app.
  2. Go to the “Fund Transfer” or “Payments” section.
  3. Select “RTGS.”
  4. Add the beneficiary details: name, account number, account type, and the IFSC code (PUNB0MBGB06).
  5. Enter the amount (must be ₹2 lakhs or more) and confirm the transfer.
• IMPS (Immediate Payment Service): This allows instant, 24/7 fund transfers, even on holidays. It is suitable for urgent transfers of smaller to medium amounts.
  
  Steps:
  1. Log in to your bank’s mobile banking app or internet banking.
  2. Go to the “Fund Transfer” or “IMPS” section.
  3. Enter the beneficiary’s mobile number and their MMID (Mobile Money Identifier), or their account number and the IFSC code (PUNB0MBGB06).
  4. Enter the amount and complete the transaction.

Benefits of Knowing Your IFSC Code

Knowing and using the correct IFSC code offers several advantages:

• Accuracy: It ensures your money goes to the correct bank and branch, preventing delays or misdirected funds.
• Speed: It is essential for initiating fast digital transfers through NEFT, RTGS, and IMPS.
• Security: The unique code helps verify the recipient’s branch, adding a layer of security to your transactions.
• Convenience: It enables you to transfer funds from anywhere at any time, without needing to visit a bank branch.
• Compliance: It is a mandatory requirement for all inter-bank electronic fund transfers as per RBI guidelines.

Contact Information

• GAURICHAK Branch Phone Number: 7541807546
• GAURICHAK Branch Address: GAURICHAK, Patna, 803201
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

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

Q1: What is the full name of the bank for IFSC code PUNB0MBGB06?
A1: The bank is Bihar Gramin Bank. The “PUNB” part of the IFSC code signifies that Punjab National Bank is its sponsoring bank.

Q2: Can I use an old Uttar Bihar Gramin Bank (UBGB) IFSC code for a transfer?
A2: No, you cannot. Following the merger, all old IFSC codes for UBGB and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new unified IFSC code, PUNB0MBGB06, for all transactions to Bihar Gramin Bank branches.

Q3: Where can I find the IFSC code for other Bihar Gramin Bank branches?
A3: You can usually find the IFSC code on your bank’s passbook or cheque book. It is also available on the official website of Bihar Gramin Bank or Punjab National Bank. Many reliable third-party financial websites also provide this information.

Q4: What happens if I enter an incorrect IFSC code during a transaction?
A4: If you enter an incorrect IFSC code, the transaction will typically fail. The money will not be transferred, and you will usually receive an error message or the transaction will be reversed. Always double-check the IFSC code before confirming a transfer.

Q5: Is the MICR code also important for online transfers?
A5: While the IFSC code is crucial for NEFT, RTGS, and IMPS, the MICR (Magnetic Ink Character Recognition) code is mainly used for processing paper-based cheque payments. It helps to quickly and accurately clear cheques.