Bihar Gramin Bank Keota Nawada IFSC Code

The Bihar Gramin Bank branch in Keota Nawada, Samastipur, Bihar, serves as a crucial financial access point for local residents. When you need to send or receive money electronically, understanding and using the correct Indian Financial System Code (IFSC) for this specific branch is essential. The IFSC acts like a unique digital address for bank branches, ensuring that your funds reach the intended recipient safely and quickly through online transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS).

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Keota Nawada
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3968
Branch Address	Keota Nawada, Samastipur, 848114, 9955997881
Contact Number	9955997881
City	Samastipur
District	Samastipur
Pincode	848114
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the amalgamation of Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank (MBGB). This merger aimed to consolidate regional rural banking services under a unified structure. As a result, all branches, including Keota Nawada, now operate under the Bihar Gramin Bank name, which is sponsored by Punjab National Bank.

Due to this merger, old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid. For any electronic fund transfers to or from the Keota Nawada branch of Bihar Gramin Bank, you must use the updated and currently valid IFSC code: PUNB0MBGB06. Using any old or revoked IFSC code will cause your transaction to fail.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers. This code is crucial for directing money to the correct bank and branch across India.

Here’s how the 11 characters are structured:

• The first four characters represent the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always “0” (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the Keota Nawada branch within the Bihar Gramin Bank system.

When you initiate a transaction, the bank uses this code to route your money to the exact branch you specify.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you’re making an online fund transfer. Here’s a general guide for NEFT, RTGS, and IMPS:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary (if not already added): If you’re sending money to a new recipient, you’ll need to add them as a beneficiary first. This typically involves providing:
   • Beneficiary Name
   • Beneficiary Account Number (and confirm it)
   • Beneficiary Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary Branch Name (e.g., Keota Nawada)
   • Beneficiary IFSC Code: Enter PUNB0MBGB06 for the Keota Nawada branch.
4. Initiate Transfer: Once the beneficiary is added (or if they are already saved), select their name, enter the amount you wish to transfer, and choose the transfer type (NEFT, RTGS, or IMPS).
5. Review and Confirm: Double-check all details, especially the account number and IFSC code, before confirming the transaction. An incorrect IFSC or account number can lead to funds being transferred to the wrong account or the transaction failing.

Benefits of Knowing IFSC Code

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

• Faster Transfers: It enables quick and efficient electronic fund transfers via NEFT, RTGS, and IMPS, reducing the time it takes for money to reach its destination.
• Accuracy and Security: Each code is unique to a branch, minimizing the chances of errors and ensuring funds are securely routed to the correct account and branch.
• Convenience: You can manage your finances from anywhere, at any time, without needing to visit a physical bank branch for most transactions.
• Pan-India Connectivity: It facilitates seamless interbank and intrabank transfers across all participating banks in India.
• Reduced Paperwork: Online transfers using IFSC codes cut down on the need for physical cheques or demand drafts.

Contact

For any queries or assistance related to the Keota Nawada branch or Bihar Gramin Bank services, you can use the following contact details:

• Branch Phone Number: 9955997881
• Branch Address: Keota Nawada, Samastipur, 848114, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code PUNB0MBGB06 only for the Keota Nawada branch?
A1: No, the IFSC code PUNB0MBGB06 is specifically assigned to the Bihar Gramin Bank, Keota Nawada branch. Other branches of Bihar Gramin Bank will have different last six characters in their IFSC code, even if the first five characters (“PUNB0”) remain the same.

Q2: What should I do if my online transfer fails due to an incorrect IFSC code?
A2: If your transaction fails because of an incorrect IFSC code, the money is usually not debited from your account or is automatically reversed within a short period. Always re-verify the IFSC code (PUNB0MBGB06 for Keota Nawada) and the beneficiary’s account number before trying again.

Q3: Can I use the old Uttar Bihar Gramin Bank IFSC code for transactions?
A3: No, after the merger, all old IFSC codes of Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank (MBGB) have been revoked. You must use the new, standardized IFSC code, such as PUNB0MBGB06, for all transactions with Bihar Gramin Bank branches.

Q4: What is the difference between NEFT, RTGS, and IMPS in terms of using the IFSC code?
A4: All three payment methods (NEFT, RTGS, IMPS) require the IFSC code to identify the beneficiary’s bank and branch. The main differences lie in the transfer speed, settlement type, and transaction limits. IMPS offers instant transfers 24/7, NEFT processes in batches, and RTGS is for large-value, real-time transfers.

Q5: How can I find the IFSC code for a different Bihar Gramin Bank branch?
A5: You can usually find the IFSC code for other Bihar Gramin Bank branches on the bank’s official website, through your net banking portal, or by contacting the bank’s customer service number (18001807777).