Bihar Gramin Bank HILSA IFSC Code

This article focuses on the Bihar Gramin Bank branch located in HILSA, Nalanda, Bihar. For anyone needing to send or receive money digitally, understanding the bank’s Indian Financial System Code (IFSC) is very important. This unique 11-character code is essential for all electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, these transactions cannot be processed, making it a critical piece of information for secure and efficient money movement.

Branch Details

Here are the key details for the Bihar Gramin Bank, HILSA branch:

Bank Name	Bihar Gramin Bank
Branch Name	HILSA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7163
Branch Address	HILSA, Nalanda, 801302
Contact Number	9771464163
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	801302
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank, including its HILSA branch, is the result of a significant merger in the Regional Rural Banks (RRBs) sector. Previously, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were two separate entities. These two banks have merged to form the new Bihar Gramin Bank. This unified bank is sponsored by Punjab National Bank.

Due to this merger, a single, standardized IFSC code is now used across all branches of the Bihar Gramin Bank. The correct and currently valid IFSC code for all transactions is PUNB0MBGB06. It is very important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now revoked and are no longer valid for electronic fund transfers. Always use PUNB0MBGB06 for any transactions involving Bihar Gramin Bank.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch in India. This code is crucial for electronic fund transfers. Let’s break down its structure:

• The first four characters represent the bank name. For instance, in “PUNB0MBGB06”, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank. “MBGB” then specifically identifies the “Merged Bihar Gramin Bank”.
• The fifth character is always ‘0’ (zero). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific branch. In our example, “06” would be the unique code for the HILSA branch within the Bihar Gramin Bank system.

This standardized format ensures that every branch has a distinct identifier, preventing errors in financial transactions.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are making an electronic fund transfer. Here are the general steps:

1. Log In: Access your internet banking portal or mobile banking app. If you are doing an offline transfer, visit your bank branch.
2. Select Transfer Type: Choose the type of transfer you want to make: NEFT, RTGS, or IMPS.
3. Add Beneficiary: If you haven’t done so already, you will need to add the recipient (beneficiary) details.
4. Enter Beneficiary Details: Provide the beneficiary’s full name, account number, and the correct IFSC code of their bank branch. For the Bihar Gramin Bank HILSA branch, this would be PUNB0MBGB06.
5. Confirm and Transact: Enter the amount you wish to transfer. Review all the details carefully to ensure accuracy, then confirm the transaction.

For NEFT, funds are transferred in batches. RTGS transactions are processed individually and almost instantly for large amounts. IMPS allows for immediate, 24/7 transfers, even on holidays.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch, or for any branch you need to send money to, offers several important benefits:

• Enables Electronic Transfers: It is mandatory for online transactions like NEFT, RTGS, and IMPS, allowing for quick and paperless money transfers.
• Ensures Accuracy: The unique code helps direct funds to the correct bank and branch, minimizing errors and misdirected payments.
• Facilitates Payments: It makes it easier to pay bills, transfer salaries, or send money to family and friends anywhere in India.
• Time-Saving: Electronic transfers using IFSC are much faster than traditional methods like cheques, especially for urgent payments.
• Secure Transactions: By accurately identifying the destination bank and branch, it adds a layer of security to your financial transactions.

Contact Information

For any inquiries related to the HILSA branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number (HILSA): 9771464163
• Branch Address (HILSA): HILSA, Nalanda, 801302
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Care Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?

No, the first seven characters (PUNB0MB) are common for Bihar Gramin Bank branches, but the last six characters are unique to each specific branch. So, while the initial part identifies the bank, the full 11-character code is branch-specific. For the HILSA branch, the full IFSC is PUNB0MBGB06.

Q2: What should I do if I enter a wrong IFSC code during a transaction?

If you enter a wrong IFSC code, the transaction will usually fail and be rejected by the system. The funds will not be transferred and will likely be credited back to your account within a short period. However, always double-check the IFSC code before confirming any transfer to avoid delays or potential issues.

Q3: Can I find the IFSC code on my passbook or chequebook?

Yes, the IFSC code is typically printed on your bank passbook and on the top left corner of your chequebook leaves. It is a standard practice for banks to display this information for customer convenience.

Q4: Is the MICR code also important for online transfers?

The MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. It helps in the fast and accurate clearing of cheques. While essential for cheque-based transactions, the MICR code is generally not required for NEFT, RTGS, or IMPS online transfers, where the IFSC code is the primary identifier.

Q5: What is the difference between NEFT, RTGS, and IMPS?

NEFT (National Electronic Funds Transfer) processes funds in batches throughout the day. RTGS (Real Time Gross Settlement) processes high-value transactions individually and almost instantly. IMPS (Immediate Payment Service) allows for instant, 24/7 transfers for smaller amounts, including on holidays. All three require a valid IFSC code.