Bihar Gramin Bank GONAWAN IFSC Code

The Bihar Gramin Bank has a branch in GONAWAN, located in the Nalanda district of Bihar. When you need to transfer money electronically, such as through NEFT, RTGS, or IMPS, specific codes are essential for making sure your funds reach the correct bank and branch. One of these critical codes is the Indian Financial System Code, or IFSC. It acts like a unique digital address, guiding your money accurately and efficiently to its destination.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	GONAWAN
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7160
Branch Address	GONAWAN, Nalanda, 803110
Contact Number	9771464160
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803110
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, all branches under Bihar Gramin Bank now operate under a unified structure, sponsored by Punjab National Bank.

This means that Bihar Gramin Bank uses a single, standardized IFSC code series for all its branches. The specific IFSC code for the GONAWAN branch, PUNB0MBGB06, reflects this change. It is crucial to understand that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now revoked and are no longer valid for transactions. Always use the new, active IFSC code, such as PUNB0MBGB06, for all your financial transfers to any Bihar Gramin Bank branch.

What is an IFSC Code?

An IFSC Code, or Indian Financial System Code, is an 11-character alpha-numeric code. It uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. This code helps the banking system route your money to the correct bank and branch.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For Bihar Gramin Bank, sponsored by Punjab National Bank, these characters are PUNB.
• The fifth character is always a zero (0). This character is reserved for future use by the Reserve Bank of India.
• The last six characters uniquely identify the specific bank branch. For the GONAWAN branch, these are MBGB06.

So, the full IFSC code PUNB0MBGB06 tells the system that the money is going to a Punjab National Bank-sponsored regional rural bank (Bihar Gramin Bank), specifically to its GONAWAN branch.

How to Use Your IFSC Code for Fund Transfers

Using an IFSC code is a key part of making electronic fund transfers. Whether you’re sending money via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), you’ll need this code. Here’s a general guide:

1. Log in to your banking platform: Access your net banking portal or mobile banking app.
2. Select the transfer type: Choose NEFT, RTGS, or IMPS, depending on the urgency and amount of your transfer.
3. Add a new beneficiary: If you haven’t sent money to this person or account before, you will need to add them as a new beneficiary.
4. Enter beneficiary details: You will typically need to provide:
   • The beneficiary’s bank account number.
   • The beneficiary’s full name.
   • The beneficiary’s bank name (e.g., Bihar Gramin Bank).
   • The specific IFSC code for the beneficiary’s branch (e.g., PUNB0MBGB06 for GONAWAN branch).
   • Confirm the account number again to ensure accuracy.
5. Enter the amount: Specify how much money you wish to send.
6. Confirm and authorize: Review all the details carefully before confirming the transaction. An incorrect IFSC code can lead to delays or even send money to the wrong account.

The IFSC code acts as a crucial routing number, ensuring your payment goes directly to the intended branch of the correct bank, making the process secure and efficient.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank or the recipient’s bank offers several important benefits:

• Ensures Accurate Transfers: The IFSC code precisely identifies the bank and branch, preventing funds from being sent to the wrong location.
• Facilitates Electronic Payments: It is mandatory for all online fund transfers like NEFT, RTGS, and IMPS, enabling quick and paperless transactions.
• Prevents Transaction Delays: Using the correct code helps avoid issues where transactions might be held up or rejected due to incorrect routing information.
• Supports Various Financial Activities: Beyond simple money transfers, IFSC codes are often needed for setting up recurring payments, making online bill payments, or even for certain investment activities.
• Enhances Security: By confirming the exact branch, the IFSC code adds an extra layer of security to your financial transactions.

Contact Information

For any inquiries related to the GONAWAN branch of Bihar Gramin Bank, or general queries, you can use the following contact details:

• GONAWAN Branch Phone Number: 9771464160
• GONAWAN Branch Address: GONAWAN, Nalanda, 803110
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and Bihar Gramin Bank:

Q: Can I use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code for a transaction to Bihar Gramin Bank GONAWAN branch?

A: No. After the merger, all old UBGB and DBGB IFSC codes have been revoked. You must use the new unified IFSC code, PUNB0MBGB06, for any transactions to the GONAWAN branch and other Bihar Gramin Bank branches.

Q: Is the IFSC code PUNB0MBGB06 the same for all branches of Bihar Gramin Bank?

A: No, the full IFSC code is unique for each branch. While the first five characters (PUNB0) are common for all Bihar Gramin Bank branches (reflecting the sponsoring bank and the reserved digit), the last six characters (e.g., MBGB06 for GONAWAN) are specific to each individual branch.

Q: What happens if I enter an incorrect IFSC code during a fund transfer?

A: If you enter an incorrect IFSC code, the transaction might either fail immediately, or the funds could be sent to a different bank or branch than intended. This can lead to delays in receiving money or complicate the process of getting your money back. Always double-check the code.

Q: How can I verify the correct IFSC code for a Bihar Gramin Bank branch?

A: You can verify the IFSC code in several ways: check the bank’s official website, look at your passbook or cheque book (it’s usually printed there), or contact the specific branch directly using their official contact number.

Q: Besides the IFSC code, what other details are important for electronic fund transfers?

A: In addition to the IFSC code, you’ll need the recipient’s full name, their bank account number, and often their account type (savings or current). For IMPS, the recipient’s mobile number and MMID (Mobile Money Identifier) might also be used instead of account number and IFSC.