Gobraura, a significant area in West Champaran, Bihar, relies on efficient banking services for its residents and businesses. When you need to send or receive money electronically, whether through methods like NEFT, RTGS, or IMPS, a specific code is essential: the Indian Financial System Code, or IFSC. This unique code makes sure your funds reach the correct bank and branch without any issues, acting as a digital address for every bank branch in India.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Gobraura |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100308 |
| Branch Address | Gobraura, WEST CHAMPARAN, 845453, 9297954042 |
| Contact Number | 9297954042 |
| City | WEST CHAMPARAN |
| District | WEST CHAMPARAN |
| Reason | BETTIAH |
| Pincode | 845453 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
The banking landscape in Bihar has seen some important changes. Originally, there were two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have merged to form a single, stronger entity: Bihar Gramin Bank. This consolidation streamlines operations and expands reach across the state.
Following this merger, Bihar Gramin Bank now operates under the sponsorship of Punjab National Bank (PNB). This means that all its branches, including Gobraura, use IFSC codes that begin with “PUNB”. The specific IFSC code for the Gobraura branch is PUNB0MBGB06.
It is crucial to understand that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now invalid. For any financial transaction with a Bihar Gramin Bank branch, you must use the new, consolidated IFSC code. Using an outdated code will result in transaction failure.
What is an IFSC Code?
An 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 postal code for digital banking.
The structure of the IFSC code is specific:
- The first four characters represent the bank’s name. For the Gobraura branch, the IFSC is PUNB0MBGB06, where “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
- The fifth character is always a ‘0’ (zero). This character is reserved for future use and helps maintain the code’s uniqueness.
- The last six characters identify the specific branch. In the case of PUNB0MBGB06, “MBGB06” points to the Gobraura branch of Bihar Gramin Bank.
This standardized format ensures that when you initiate a fund transfer, your money is routed accurately to the intended recipient’s bank and specific branch.
How to Use an IFSC Code
Knowing the IFSC code is essential for various online fund transfer methods. Here’s how you use it:
- NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches throughout the day. When setting up a NEFT transaction, you will need the recipient’s name, account number, bank name, and the correct IFSC code for their branch. The IFSC ensures the funds are credited to the specific branch.
- RTGS (Real Time Gross Settlement): RTGS is for large value transactions, processed individually and in real-time. Similar to NEFT, you’ll enter the beneficiary’s details, including their account number and the IFSC code. The IFSC here confirms the bank branch for immediate settlement.
- IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. For IMPS, you’ll often use the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code. The IFSC ensures the money reaches the correct branch instantaneously.
In all these methods, the IFSC code acts as a critical piece of information, guiding your funds to the right destination.
Benefits of Knowing Your IFSC Code
Understanding and having access to the correct IFSC code provides several key advantages:
- Accurate Fund Transfers: It guarantees that your money is sent to the precise bank branch you intend, minimizing errors.
- Efficiency in Transactions: The code streamlines the process of online fund transfers, making them quicker and smoother.
- Enhanced Security: By precisely identifying the destination branch, the IFSC code adds a layer of security to electronic transactions, reducing the risk of funds going to the wrong account.
- Facilitates Digital Banking: It is a fundamental requirement for almost all online banking services that involve sending or receiving money across different banks.
- Convenience for Beneficiaries: If you are receiving money, providing your accurate IFSC code to the sender ensures they can transfer funds to your account without delay.
Contact Information
For any inquiries or assistance related to the Gobraura branch or Bihar Gramin Bank services, you can use the following contact details:
- Gobraura Branch Phone Number: 9297954042
- Gobraura Branch Address: Gobraura, WEST CHAMPARAN, 845453, 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 (FAQs)
What does “PUNB” in the IFSC code PUNB0MBGB06 mean?
“PUNB” signifies Punjab National Bank. Bihar Gramin Bank is sponsored by Punjab National Bank, and its IFSC codes reflect this sponsorship.
Is the IFSC code necessary for cash deposits or withdrawals?
No, the IFSC code is primarily for electronic fund transfers like NEFT, RTGS, and IMPS. For cash deposits or withdrawals at the branch counter, you typically only need the account number and the account holder’s identity proof.
Can I still use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No, all old IFSC codes for UBGB and DBGB have been revoked. Following the merger, you must use the new IFSC codes, such as PUNB0MBGB06 for the Gobraura branch, for all transactions with Bihar Gramin Bank.
What is the difference between NEFT, RTGS, and IMPS?
NEFT processes transactions in batches, typically with a slight delay. RTGS is for larger amounts and processes transfers individually and in real-time. IMPS offers instant, 24/7 transfers for smaller to medium amounts, even on holidays.
How can I verify the correct IFSC code for a Bihar Gramin Bank branch?
You can verify the correct IFSC code by checking the bank’s official website, referring to your passbook or cheque book, or contacting the bank’s customer service or the specific branch directly.
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.