The Koilwan branch of Bihar Gramin Bank is located in the Aurangabad district of Bihar. For anyone needing to send money online to an account at this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code acts like a digital address, ensuring that your funds transferred via NEFT, RTGS, or IMPS reach the correct bank branch without any errors or delays.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | KOILWAN |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | KOILWAN, Aurangabad, 824115 |
| Contact Number | 9771464113 |
| City | Aurangabad |
| District | Aurangabad |
| Pincode | 824115 |
| State | Bihar |
Important Merger Update
Bihar Gramin Bank was formed by the amalgamation of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). As a result of this merger, the banking operations are now sponsored by Punjab National Bank (PNB).
A significant change is that all branches of the newly formed Bihar Gramin Bank, including the Koilwan branch, now use a unified IFSC code for all online transactions. The correct and valid IFSC code is PUNB0MBGB06. Any old IFSC codes belonging to the former Dakshin Bihar Gramin Bank or Uttar Bihar Gramin Bank are now invalid and have been revoked. Using an old code will result in failed transactions, so it is crucial to update your records and use only the new code.
What is an IFSC Code?
The IFSC is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in online fund transfer systems. The code has a specific structure that helps route transactions correctly.
Let’s break down the IFSC code for this branch, PUNB0MBGB06:
- PUNB: The first four letters represent the bank’s name. In this case, it is ‘PUNB’ for Punjab National Bank, the sponsor bank.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters identify the specific branch. For the merged Bihar Gramin Bank, ‘MBGB06’ serves as a unified identifier.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code to transfer money is straightforward. Whether you are using your bank’s mobile app or internet banking portal for NEFT, RTGS, or IMPS, the steps are generally the same.
1. Log in to your net banking or mobile banking application.
2. Navigate to the ‘Fund Transfer’ section and choose to ‘Add a Beneficiary’ or ‘Payee’.
3. Enter the beneficiary’s details: This includes their full name, bank account number, and the bank name (Bihar Gramin Bank).
4. Enter the IFSC Code: In the designated field, carefully type PUNB0MBGB06. Double-check for accuracy, as a wrong code is a common reason for transaction failure.
5. Confirm the details and add the beneficiary. Once added, you can select them from your list of payees and initiate the transfer by entering the amount.
Benefits of Using the Correct IFSC
- Ensures Accuracy: The code directs your money to the exact bank and branch, eliminating guesswork and reducing the risk of funds going to the wrong place.
- Prevents Delays: A correct IFSC code allows for automated, straight-through processing, which means your transfer is completed quickly without manual intervention.
- Enables Digital Payments: It is the backbone of India’s major electronic payment systems, including NEFT, RTGS, and IMPS, making digital transactions possible.
- Avoids Transaction Failures: Using the updated, correct code prevents transfers from being rejected or reversed, saving you time and potential fees.
Contact Information
For any specific queries, you can reach out to the branch or the bank’s head office.
Koilwan Branch
Phone: 9771464113
Address: KOILWAN, Aurangabad, Bihar – 824115
Head Office
Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA – 800030, BIHAR
Toll-Free Number: 18001807777
Frequently Asked Questions
1. What is the IFSC code for the Bihar Gramin Bank Koilwan branch?
The correct and current IFSC code for the Koilwan branch is PUNB0MBGB06. This single code is used for all branches of Bihar Gramin Bank following the merger.
2. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. All old IFSC codes associated with Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are no longer valid. You must use the new, unified IFSC code (PUNB0MBGB06) to ensure your transactions are successful.
3. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
The code starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The first four letters of an IFSC code always represent the sponsor or parent bank.
4. Is the IFSC code PUNB0MBGB06 the same for all branches of Bihar Gramin Bank?
Yes. Following the amalgamation and system integration, Bihar Gramin Bank has adopted this single IFSC code for all its branches to streamline online transactions.
5. What should I do if my fund transfer fails even after using the correct IFSC code?
If a transaction fails, first double-check that you have entered the beneficiary’s account number correctly. If all details are correct, contact your bank’s customer support for assistance. They can trace the transaction and identify the reason for the failure.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.