Bihar Gramin Bank KAPASIAWAN IFSC Code

When you need to send money electronically to someone through bank transfers, understanding the Indian Financial System Code (IFSC) is crucial. For the Bihar Gramin Bank branch located in KAPASIAWAN, Nalanda, Bihar, this unique code makes sure your funds reach the right account. Whether you’re using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC acts like a digital address, guiding your transaction accurately and securely.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	KAPASIAWAN
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6874
Branch Address	KAPASIAWAN, Nalanda, 801302, 7485096874
Contact Number	7485096874
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	801302
State	Bihar

Merger Update

Previously, there were two distinct rural banks in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form the single entity known as Bihar Gramin Bank. This new bank operates under the sponsorship of Punjab National Bank. As a result of this merger, all branches of the former UBGB and DBGB, including the KAPASIAWAN branch, now use a unified IFSC code: PUNB0MBGB06. It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid for transactions. To ensure your fund transfers are successful, always use the current and unified IFSC code, PUNB0MBGB06.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies every bank branch participating in online fund transfers within India. This code is crucial for ensuring that money is sent to the correct bank and branch.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters represent the specific branch code. In “PUNB0MBGB06,” “MBGB06” identifies the KAPASIAWAN branch of Bihar Gramin Bank.

Knowing this structure helps you verify the code and understand which bank and branch you are dealing with for your transactions.

How to Use IFSC Code

The IFSC code is essential for various types of electronic fund transfers. Here’s how you typically use it:

• For NEFT (National Electronic Funds Transfer): When you want to send money via NEFT, you need to provide the beneficiary’s bank account number, their name, and the correct IFSC code of their bank branch. NEFT transactions are processed in batches throughout the day.
• For RTGS (Real Time Gross Settlement): RTGS is used for large-value transactions, typically ₹2 lakh and above. Like NEFT, it requires the beneficiary’s account number, name, and the IFSC code. RTGS processes transactions individually and in real-time.
• For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers. You will need the beneficiary’s account number and IFSC code, or sometimes just their mobile number and MMID (Mobile Money Identifier).

In all these methods, accurately entering the IFSC code ensures that your money reaches the intended recipient at the Bihar Gramin Bank KAPASIAWAN branch without issues.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several advantages:

• Accurate Fund Transfers: It ensures that electronic payments like NEFT, RTGS, and IMPS are directed to the correct bank and specific branch.
• Prevents Errors: Using the right IFSC code reduces the chances of funds being sent to a wrong account or getting stuck.
• Faster Transactions: An accurate IFSC code allows for smooth and quick processing of electronic transfers.
• Online Banking Convenience: Many online banking and mobile banking apps require the IFSC code for setting up new beneficiaries.
• Essential for Bill Payments: Some bill payments or loan EMIs set up through direct debit or mandates also rely on the IFSC code.

Contact Information

Should you need to contact the bank, here are the relevant details:

• Branch Phone Number (KAPASIAWAN): 7485096874
• Branch Address (KAPASIAWAN): KAPASIAWAN, Nalanda, 801302, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is specific to the KAPASIAWAN branch. While “PUNB0MBGB” represents Bihar Gramin Bank under Punjab National Bank’s sponsorship, the last six characters (“06”) identify this particular branch. Every branch has its unique last six characters.

Q2: What happens if I use an old IFSC code for a merged bank?
A2: If you use an old IFSC code, your transaction will likely fail. The banking system will not recognize the old code as valid for the current merged entity, and the funds will not be transferred. Always use the updated IFSC code, such as PUNB0MBGB06 for the KAPASIAWAN branch.

Q3: Can I find the IFSC code on my passbook or cheque book?
A3: Yes, the IFSC code is typically printed on the first page of your bank passbook and on the top left corner of your cheque leaves. It is a reliable place to find your branch’s specific code.

Q4: Is the MICR code also important for online transfers?
A4: The MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. It helps in quickly identifying the bank and branch during cheque clearing. While it’s listed for branch details, it is generally not required for NEFT, RTGS, or IMPS online transfers.

Q5: What is the difference between a sponsor bank and a regional rural bank?
A5: A Regional Rural Bank (RRB) like Bihar Gramin Bank is established to serve rural areas. It is sponsored by a larger public sector bank, which provides financial and managerial support. In this case, Punjab National Bank is the sponsor bank for Bihar Gramin Bank. The IFSC code often reflects the sponsor bank’s name (e.g., “PUNB” for Punjab National Bank).