Bihar Gramin Bank Krityanandnagar IFSC Code

The Bihar Gramin Bank branch in Krityanandnagar, located in the Purnia district of Bihar, serves as a vital financial hub for the local community. For anyone looking to transfer funds electronically, understanding and using the Indian Financial System Code (IFSC) is crucial. This unique code is essential for various digital payment methods, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures that your money reaches the correct bank and specific branch, making transactions fast, secure, and accurate.

Branch Details

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

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Krityanandnagar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100699
Branch Address	Krityanandnagar, PURNIA, 854304
Contact Number	9297954148
City	PURNIA
District	PURNIA
Reason	PURNEA
Pincode	854304
State	Bihar

Merger Update for Gramin Banks

In a significant development for regional rural banks in Bihar, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged. As a result of this merger and subsequent restructuring involving other regional rural banks, the unified entity now operates under a consolidated framework. For transactions, a single IFSC code, PUNB0MBGB06, is now used for the relevant branches. This code is sponsored by Punjab National Bank.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) are now revoked and no longer valid for fund transfers. For any electronic transaction to the Krityanandnagar branch or other branches covered by this merger, only the new IFSC code, PUNB0MBGB06, must be used to ensure successful processing.

What is an IFSC Code?

The IFSC Code stands for Indian Financial System Code. It is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify each bank branch participating in online funds transfers. Think of it as a specific digital address for a bank branch, ensuring money goes to the right place every time.

The 11 characters are structured in a specific way:

• The first four characters represent the bank name. For instance, in PUNB0MBGB06, “PUNB” signifies Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific branch. In “PUNB0MBGB06,” “MBGB06” uniquely points to the Krityanandnagar branch of Bihar Gramin Bank (operating under the Madhya Bihar Gramin Bank framework). These last six characters change for every different branch of the same bank.

How to Use an IFSC Code

Using an IFSC code is straightforward when you are making electronic fund transfers. Here’s a step-by-step guide for common transaction types:

For NEFT (National Electronic Funds Transfer)

NEFT is used for transferring funds from one bank account to another across India. Transactions are processed in batches throughout the day.

1. Log in to your bank’s online banking portal or mobile app.
2. Select the ‘Fund Transfer’ or ‘Payments’ option.
3. Choose ‘NEFT’ as the transfer type.
4. Add a new beneficiary or select an existing one.
5. Enter the beneficiary’s details: name, account number, account type (savings, current), and the correct IFSC code (PUNB0MBGB06 for Krityanandnagar branch).
6. Enter the amount you wish to transfer.
7. Confirm the details and complete the transaction.

For RTGS (Real Time Gross Settlement)

RTGS is designed for large-value transactions, typically for amounts of two lakh rupees (200,000 INR) or more. Funds are transferred individually and in real-time.

1. Access your online banking or mobile app.
2. Navigate to the ‘Fund Transfer’ section and select ‘RTGS’.
3. Input the beneficiary’s details: name, account number, account type, and the accurate IFSC code (PUNB0MBGB06).
4. Enter the transfer amount (minimum 2 lakh INR).
5. Review all information carefully before authorizing the payment.

For IMPS (Immediate Payment Service)

IMPS allows instant, 24/7 fund transfers, even on holidays. It is commonly used for smaller, urgent transfers.

1. Open your bank’s mobile banking app or internet banking.
2. Select the ‘IMPS’ option for fund transfer.
3. Provide the beneficiary’s details, including their account number and the precise IFSC code (PUNB0MBGB06). Alternatively, you might use their mobile number and MMID (Mobile Money Identifier).
4. Enter the amount to be transferred.
5. Verify the details and proceed with the payment. Funds are usually credited to the beneficiary’s account instantly.

Always double-check the IFSC code and account number to avoid transferring money to the wrong recipient. An incorrect IFSC can delay or even reverse a transaction.

Benefits of Knowing Your IFSC Code

Having easy access to the correct IFSC code offers several advantages for your banking activities:

• Facilitates Secure Transfers: The IFSC code acts as a unique identifier, ensuring that your funds are directed precisely to the intended bank and branch, minimizing errors.
• Enables Electronic Transactions: It is mandatory for all major electronic fund transfer systems like NEFT, RTGS, and IMPS, allowing you to send and receive money digitally.
• Speeds Up Processing: With the correct IFSC, banks can quickly route and process your transactions, leading to faster fund delivery compared to traditional methods.
• Simplifies Bank Identification: It helps clearly identify the specific bank and branch involved in a transaction, which is useful for both senders and receivers.
• Supports Modern Banking: In an increasingly digital world, the IFSC code is a cornerstone of efficient and reliable online banking services.

Contact Information

For inquiries related to the Bihar Gramin Bank, Krityanandnagar branch, or general banking services, you can use the following contact details:

• Branch Phone Number: 9297954148
• Branch Address: Krityanandnagar, PURNIA, 854304, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about IFSC codes and the Bihar Gramin Bank, Krityanandnagar branch:

Q1: What is the IFSC code for Bihar Gramin Bank, Krityanandnagar branch?
A1: The IFSC code for the Bihar Gramin Bank, Krityanandnagar branch is PUNB0MBGB06. Make sure to use this exact code for all your electronic fund transfers.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A2: No, the IFSC code is unique for each specific branch. While the first few characters (PUNB0MBGB) might be similar for branches under the same regional bank and sponsor, the last six characters will change to identify different branches.

Q3: Can I use an old IFSC code if I previously transacted with an Uttar Bihar Gramin Bank (UBGB) branch?
A3: No. Following the merger, old IFSC codes for UBGB and DBGB have been revoked. You must use the new, consolidated IFSC code, such as PUNB0MBGB06, for all current transactions to ensure they are processed correctly.

Q4: What payment methods require an IFSC code?
A4: An IFSC code is mandatory for all major electronic fund transfer systems in India, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Q5: How can I find the IFSC code for another Bihar Gramin Bank branch?
A5: You can usually find the IFSC code on your bank passbook, cheque book, or by visiting the bank’s official website. Most banks also provide an IFSC search tool on their internet banking portals or mobile apps. You can also contact the bank’s customer service for assistance.