Bihar Gramin Bank Goshala Road IFSC Code

The Bihar Gramin Bank branch on Goshala Road in Siwan, Bihar, plays a key role in local financial services. For anyone looking to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is essential. The IFSC is a unique 11-character code used to identify specific bank branches in India. It is critical for ensuring that online fund transfers, like those made through NEFT, RTGS, and IMPS, reach the correct bank account quickly and securely. Without the correct IFSC, these digital transactions cannot be completed.

Branch Details

Here are the detailed particulars for the Bihar Gramin Bank, Goshala Road branch:

Bank Name	Bihar Gramin Bank
Branch Name	Goshala Road
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108033
Branch Address	Goshala Road, SIWAN, 841226, 9297954594
Contact Number	9297954594
City	SIWAN
District	SIWAN
Reason	SIWAN
Pincode	841226
State	Bihar

Merger Update

It is important to note a significant change regarding regional rural banks in Bihar. Both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form the current Bihar Gramin Bank. This merger means that all branches, including the Goshala Road branch, now operate under a single, unified IFSC code scheme. The managing bank for Bihar Gramin Bank is Punjab National Bank. Therefore, the valid IFSC code for any transaction with Bihar Gramin Bank branches, including Goshala Road, is PUNB0MBGB06.

If you previously used an IFSC code that started with UBGB or DBGB for any of these branches, those old codes are now revoked and are no longer valid for fund transfers. Only the new IFSC code, PUNB0MBGB06, should be used for all financial transactions. Using an old or incorrect IFSC will result in transaction failure or delays.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch in India. It is formatted to help machines route transactions correctly. Let’s break down its structure:

• The first four characters represent the bank name. For Bihar Gramin Bank, under Punjab National Bank, these are “PUNB”.
• The fifth character is always a zero (0). This character is reserved for future use and is constant across all IFSC codes.
• The last six characters are unique to the specific bank branch. For the Goshala Road branch of Bihar Gramin Bank, these are “MBGB06”. These characters precisely identify the individual branch.

So, the combination of these parts ensures that money sent through NEFT, RTGS, or IMPS reaches the exact intended branch and account.

How to Use IFSC Code

Using an IFSC code is straightforward when you are making online fund transfers. Here are the typical steps:

1. Log In: Access your internet banking portal or mobile banking app from your bank.
2. Select Transfer Type: Choose the type of fund transfer you want to make, such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary: If you are sending money to someone for the first time, you will need to add them as a beneficiary. This usually involves providing:
   • Beneficiary’s Account Number
   • Beneficiary’s Account Holder Name
   • Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary’s Branch Name (e.g., Goshala Road)
   • The IFSC Code of the beneficiary’s branch (PUNB0MBGB06 for Goshala Road).
4. Verify Details: After entering the IFSC code, the system often automatically populates or verifies the branch name, ensuring you have the correct code.
5. Enter Amount: Input the amount of money you wish to transfer.
6. Confirm and Transact: Review all the details carefully, then proceed to confirm the transaction using your password or PIN.

Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong account.

Benefits of Knowing IFSC

Knowing the correct IFSC code for your bank branch, or for someone you need to pay, offers several advantages:

• Seamless Fund Transfers: It ensures that your NEFT, RTGS, and IMPS transactions are processed quickly and accurately, without delays.
• Avoid Transaction Failures: An incorrect IFSC code will lead to the failure of your online transfer, requiring you to re-initiate the process.
• Enhanced Security: The unique code helps prevent misrouting of funds, adding an extra layer of security to your financial transactions.
• Identification of Branches: It specifically identifies each bank branch, which is crucial for inter-bank and intra-bank electronic transfers.
• Efficiency: Speeds up the process of adding beneficiaries and making payments, as the code directly points to the correct branch.

Contact Information

If you need to get in touch with the Bihar Gramin Bank Goshala Road branch or the bank’s head office, here are the details:

• Branch Phone Number (Goshala Road): 9297954594
• Branch Address (Goshala Road): Goshala Road, SIWAN, 841226, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What is the correct IFSC code for Bihar Gramin Bank, Goshala Road branch?
A1: The correct IFSC code for Bihar Gramin Bank, Goshala Road branch, is PUNB0MBGB06. This code is mandatory for all electronic fund transfers like NEFT, RTGS, and IMPS.

Q2: Can I use an old UBGB or DBGB IFSC code for Bihar Gramin Bank transactions?
A2: No, you cannot. Following the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) into Bihar Gramin Bank, all old IFSC codes under UBGB or DBGB are no longer valid. You must use the new unified IFSC code, PUNB0MBGB06, for all transactions with Bihar Gramin Bank branches.

Q3: What happens if I use an incorrect IFSC code for a fund transfer?
A3: If you use an incorrect IFSC code, your fund transfer transaction will likely fail. The money will not be debited from your account or will be reversed after some time. It will not reach the intended recipient’s account. Always verify the IFSC code before initiating a transfer.

Q4: How can I find the IFSC code for other Bihar Gramin Bank branches?
A4: You can typically find the IFSC code on your bank’s passbook or chequebook. You can also visit the official website of Bihar Gramin Bank or Punjab National Bank (which sponsors Bihar Gramin Bank), or use reliable online IFSC code lookup tools by providing the bank name, state, district, and branch name.

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 primarily used for clearing physical cheques. It helps in the speedy processing of cheques. For most online electronic transfers, the IFSC code is the primary identifier you need.