Bihar Gramin Bank GIRIYAK IFSC Code

The Bihar Gramin Bank branch in GIRIYAK, located in Nalanda, Bihar, plays a key role in serving the financial needs of the local community. When you need to send or receive money electronically, especially for transfers across different banks, understanding the Indian Financial System Code (IFSC) is very important. This unique 11-character code is essential for processing secure and quick fund transfers through systems like NEFT, RTGS, and IMPS. It makes sure your money goes to the right bank and branch every time.

Branch Details

Here are the specific details for the Bihar Gramin Bank branch in GIRIYAK:

Bank Name	Bihar Gramin Bank
Branch Name	GIRIYAK
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7144
Branch Address	GIRIYAK, Nalanda, 803109, 9771464144
Contact Number	9771464144
City	Nalanda
District	Nalanda
Pincode	803109
State	Bihar

Merger Update

The GIRIYAK branch, part of Bihar Gramin Bank, now operates under the IFSC code PUNB0MBGB06. It is important for customers to know that if this branch was formerly associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), these two banks have officially merged. This merger has standardized their banking operations under the sponsorship of Punjab National Bank. As a direct result of this merger, all previous IFSC codes belonging to UBGB and DBGB have been revoked and are no longer valid. For any fund transfers such as NEFT, RTGS, or IMPS, only the new IFSC code, PUNB0MBGB06, must be used to ensure your transactions are processed successfully.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character code used to identify bank branches in India. It is a critical component for electronic fund transfers. Each part of the code tells you something specific:

• The first four characters represent the name of the bank. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank.
• 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 identify the specific branch. In this case, “MBGB06” refers to the GIRIYAK branch under the Madhya Bihar Gramin Bank, which is part of the Punjab National Bank network.

This unique structure helps ensure that funds are directed to the correct bank and branch without errors, even among thousands of branches nationwide.

How to Use an IFSC Code

You will need the IFSC code when performing various types of electronic fund transfers. Here’s how it is used for common methods:

• NEFT (National Electronic Funds Transfer): This system allows you to transfer money from one bank account to another across India. When initiating an NEFT transaction online or at a bank branch, you will need the beneficiary’s bank name, account number, and their branch’s IFSC code.
• RTGS (Real Time Gross Settlement): RTGS is used for high-value fund transfers, typically above Rs. 2 lakh. Like NEFT, it requires the beneficiary’s bank name, account number, and the correct IFSC code to ensure the funds are settled in real-time.
• IMPS (Immediate Payment Service): IMPS offers instant 24/7 interbank electronic fund transfers through mobile phones or internet banking. For IMPS, you will typically need the beneficiary’s mobile number and MMID, or their account number and the IFSC code.

Always double-check the IFSC code before confirming a transaction to avoid delays or misdirected funds. Even a single incorrect character can cause the transfer to fail or go to the wrong account.

Benefits of Knowing Your IFSC Code

Having easy access to your bank’s IFSC code, and the IFSC codes of people you transact with, offers several advantages:

• It enables smooth and quick electronic fund transfers, allowing money to move efficiently between different bank accounts.
• It helps in avoiding transaction errors. The unique code ensures that funds reach the intended recipient’s bank and branch.
• It is necessary for online banking services. Most online platforms for NEFT, RTGS, and IMPS require the IFSC code to process transactions.
• It serves as a standardized identifier for bank branches across India, making inter-bank operations more efficient and secure.
• It simplifies the process of receiving payments from third parties, as you can easily provide them with the necessary bank details.

Contact Information

For any queries or assistance related to the GIRIYAK branch or general banking services, you can use the following contact details:

• Branch Phone Number: 9771464144
• Branch Address: GIRIYAK, Nalanda, 803109, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code PUNB0MBGB06 specific to the GIRIYAK branch only?

A: Yes, the last six characters (“MBGB06”) of the IFSC code PUNB0MBGB06 are unique to the GIRIYAK branch of Bihar Gramin Bank. The first four characters (“PUNB”) identify the sponsor bank, Punjab National Bank.

Q2: What should I do if my fund transfer fails due to an incorrect IFSC code?

A: If a fund transfer fails due to an incorrect IFSC code, the money is usually reversed to your account within a few hours or up to a few business days. You should re-initiate the transaction using the correct IFSC code. Contact your bank’s customer service if the funds are not returned in a reasonable timeframe.

Q3: Can I use the IFSC code to find the branch address?

A: Yes, an IFSC code directly identifies a specific bank branch. Many online tools and banking websites allow you to find the full branch address and other details by entering the IFSC code.

Q4: Do all bank branches have a unique IFSC code?

A: Yes, every bank branch participating in electronic fund transfer systems in India is assigned a unique 11-character IFSC code by the Reserve Bank of India (RBI). This ensures there are no overlaps and transfers are correctly routed.

Q5: Is the MICR code also necessary for online fund transfers?

A: For online fund transfers like NEFT, RTGS, and IMPS, the IFSC code is generally required. The MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. While it identifies a bank branch, its main function is not for electronic transfers.