This article focuses on the Gavandra branch of Bihar Gramin Bank, located in EAST CHAMPARAN, Bihar. Understanding the Indian Financial System Code, or IFSC code, is essential for anyone dealing with bank transfers today. This unique code acts like a digital address, guiding your money accurately when you send funds through services like NEFT, RTGS, and IMPS. Without the correct IFSC, your transactions simply cannot go through, making it a critical piece of information for secure and efficient digital banking.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Gavandra |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 108081 |
| Branch Address | Gavandra, EAST CHAMPARAN, 845426, 9297954637 |
| Contact Number | 9297954637 |
| City | EAST CHAMPARAN |
| District | EAST CHAMPARAN |
| Reason | MOTIHARI |
| Pincode | 845426 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger brought all their operations under a single umbrella. As part of this change, Punjab National Bank (PNB) became the sponsor bank for Bihar Gramin Bank. This means PNB oversees its operations and provides support.
Due to this significant merger, all the old IFSC codes previously used by Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank are no longer valid. For any transactions involving Bihar Gramin Bank branches, including the Gavandra branch, you must use the new, standardized IFSC code: PUNB0MBGB06. Using any old IFSC code will result in transaction failure. It is important to update your beneficiary details with this new code for all future fund transfers.
What is an IFSC Code?
The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code. It identifies every bank branch participating in online fund transfers within India. This code is crucial for ensuring that money is sent to the correct bank and branch.
The 11 characters of the IFSC code follow a specific structure:
- The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
- The fifth character is always a zero (0). This character is reserved for future use.
- The last six characters identify the specific branch. In the code PUNB0MBGB06, “MBGB06” uniquely points to a particular branch of Bihar Gramin Bank.
This standardized format helps computers quickly and accurately route financial transactions across different banks and branches nationwide.
How to Use an IFSC Code
Using the IFSC code is a straightforward part of setting up an online money transfer. Here’s how it generally works for common transfer methods:
- For NEFT (National Electronic Funds Transfer): When you want to send money via NEFT, you need to add the beneficiary’s details first. This includes their name, account number, account type, and the correct IFSC code of their bank branch. The system uses the IFSC to direct the funds to the right branch. NEFT transactions are processed in batches throughout the day.
- For RTGS (Real Time Gross Settlement): RTGS is used for large-value transactions, typically for amounts of 2 lakh rupees or more. Like NEFT, you’ll need the beneficiary’s name, account number, and the specific IFSC code for their branch. RTGS transactions are processed individually and in real-time, meaning the money is transferred almost instantly.
- For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. When using IMPS, you’ll enter the beneficiary’s account number and the IFSC code, or sometimes just their mobile number and MMID (Mobile Money Identifier). The IFSC ensures the funds reach the correct bank and branch quickly.
Always double-check the IFSC code and the beneficiary’s account number before confirming any transaction. A single incorrect digit can send money to the wrong account or cause the transaction to fail.
Benefits of Knowing Your IFSC Code
Having the correct IFSC code at hand offers several practical advantages for banking:
- Essential for Online Transfers: It is mandatory for all NEFT, RTGS, and IMPS transactions, ensuring your money reaches the right destination.
- Prevents Transaction Failures: Using the correct code helps avoid errors and delays in fund transfers, saving you time and potential stress.
- Ensures Security: The unique identification of each branch adds a layer of security, making sure your funds are directed precisely where they need to go.
- Streamlined Banking: Speeds up the process of adding new beneficiaries for online payments.
- Avoids Charges for Failed Transfers: Some banks might charge a small fee for failed transactions due to incorrect details. A correct IFSC helps avoid this.
Contact Information
If you need to get in touch with the bank, here are the relevant contact details:
- Gavandra Branch Contact Number: 9297954637
- Gavandra Branch Address: Gavandra, EAST CHAMPARAN, 845426, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Bihar Gramin Bank Toll-Free Number: 18001807777
Frequently Asked Questions
Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is the IFSC code specifically for the Gavandra branch of Bihar Gramin Bank. Each branch will have its own unique last six characters in the IFSC code, even though the first five characters (PUNB0) will be the same for all Bihar Gramin Bank branches under Punjab National Bank’s sponsorship.
Q2: What should I do if I used an old Uttar Bihar Gramin Bank (UBGB) IFSC code by mistake?
A2: If you used an old UBGB or Dakshin Bihar Gramin Bank (DBGB) IFSC code, your transaction will likely fail. The system will reject it because those codes are no longer valid. The funds should be reversed to your account. You will then need to initiate a new transfer using the correct and current IFSC code, PUNB0MBGB06, for the Gavandra branch.
Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is usually printed on your bank passbook and on the top part of your cheque leaves. It is a good practice to confirm it with the official bank website or by contacting the branch directly, especially after mergers or structural changes.
Q4: Why does the IFSC code start with “PUNB” if it’s Bihar Gramin Bank?
A4: Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). When regional rural banks are sponsored by a larger commercial bank, their IFSC codes often begin with the four-letter code of the sponsor bank. This indicates the link and regulatory oversight from the sponsor bank.
Q5: Is the MICR code also important for online transfers?
A5: While the IFSC code is essential for online fund transfers (NEFT, RTGS, IMPS), the MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. It helps in quickly clearing cheques by uniquely identifying the bank and branch. You typically don’t need the MICR code for online money transfers.
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.