Bihar Gramin Bank Lahna IFSC Code

You are looking for information about the Bihar Gramin Bank branch located in Lahna. This branch is an important banking point for the local community in Sheikhpura, Bihar, serving the financial needs of residents and businesses. Understanding its Indian Financial System Code (IFSC) is crucial for any digital money transfer. The IFSC code acts like a unique address for bank branches, making sure your funds reach the correct recipient when you use services like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS). Without the correct IFSC, these online transactions cannot be completed successfully.

Branch Details

Here are the specific details for the Bihar Gramin Bank Lahna branch:

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Lahna
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3321
Branch Address	Lahna, Sheikhpura, 811304
Contact Number	7061383154
City	Sheikhpura
District	Sheikhpura
Reason	NAWADA
Pincode	811304
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation aimed to strengthen rural banking services across Bihar. As a result of this merger and its sponsorship by Punjab National Bank (PNB), all Bihar Gramin Bank branches now use IFSC codes that begin with PUNB0.

It is important to note that any old IFSC codes previously used for UBGB or DBGB branches are no longer valid for transactions. For the Lahna branch of Bihar Gramin Bank, only the new IFSC code, PUNB0MBGB06, is currently active and must be used for all digital fund transfers like NEFT, RTGS, and IMPS. Using an old or incorrect code will cause your transaction to fail.

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. It is essential for electronic funds transfers.

The structure of an IFSC code is specific:

• The first four characters represent the bank name. For example, in 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 and helps differentiate the bank code from the branch code.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the Lahna branch of Bihar Gramin Bank.

This unique identification system ensures that your money is sent to the precise bank and branch you intend.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you want to send money digitally. Here are the steps involved in using the IFSC for NEFT, RTGS, or IMPS transactions:

1. Log in to your Net Banking or Mobile Banking App: Access your online banking portal or mobile application provided by your bank.
2. Select the Funds Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add a New Beneficiary (if not already added): If you are sending money to this recipient for the first time, you will need to add them as a beneficiary.
4. Enter Beneficiary Details: You will need to provide the following information:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Confirm Beneficiary’s Account Number
   • Beneficiary’s Bank Name (Bihar Gramin Bank)
   • Beneficiary’s Branch Name (Lahna)
   • The IFSC Code: PUNB0MBGB06
5. Specify Transfer Amount and Type: Enter the amount you wish to transfer and select the transfer type (NEFT, RTGS, or IMPS).
6. Review and Confirm: Double-check all the details you have entered, especially the account number and IFSC code, to ensure accuracy. Then, confirm the transaction.

After confirmation, the funds will be transferred to the recipient’s account. Always verify the IFSC code before initiating a transfer to avoid any errors or delays.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank Lahna branch offers several key advantages:

• Enables Digital Transfers: It is mandatory for online money transfers like NEFT, RTGS, and IMPS, allowing for quick and efficient transactions.
• Ensures Accuracy: The unique code ensures that your funds are directed to the correct bank and branch, minimizing the risk of misdirected payments.
• Faster Processing: Correct IFSC codes help banks process transactions more quickly, reducing delays in funds reaching the recipient.
• Simplifies Transactions: It streamlines the process of adding beneficiaries and making payments, making online banking more convenient.
• Required for UPI: While UPI typically uses a virtual payment address, the underlying system still relies on IFSC codes for bank identification.

Contact Information

If you need to get in touch with the Bihar Gramin Bank Lahna branch or the head office, here are the details:

• Bihar Gramin Bank Lahna Branch Phone No.: 7061383154
• Bihar Gramin Bank Lahna Branch Address: Lahna, Sheikhpura, 811304
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free No.: 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank and its IFSC code:

Q1: What is the full name of Bihar Gramin Bank?
A1: Bihar Gramin Bank is a regional rural bank that was formed from the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. It is sponsored by Punjab National Bank.

Q2: Why is the IFSC code PUNB0MBGB06 important for the Lahna branch?
A2: This specific IFSC code is crucial because it uniquely identifies the Lahna branch for all online financial transactions. It ensures that money sent through NEFT, RTGS, or IMPS reaches the correct account at this specific branch.

Q3: Can I use this IFSC code (PUNB0MBGB06) for other Bihar Gramin Bank branches?
A3: No, each branch of Bihar Gramin Bank has its own unique IFSC code. While the first few characters (PUNB0MBGB) might be similar for other branches of Bihar Gramin Bank, the last six characters will be different. You must use the correct IFSC code for the specific branch you intend to send money to.

Q4: What should I do if my transaction fails due to an incorrect IFSC code?
A4: If your transaction fails because of an incorrect IFSC code, the money is typically reversed to your account within a few hours or one working day. You should re-verify the correct IFSC code for the beneficiary’s branch, usually available on their bank’s website or their passbook, and then attempt the transaction again.

Q5: How can I find the IFSC code for another Bihar Gramin Bank branch?
A5: You can find the IFSC code for other Bihar Gramin Bank branches on the bank’s official website, through your own bank’s net banking portal, or by looking up the branch details in the beneficiary’s passbook or cheque book. Many third-party financial websites also provide IFSC code lookup services.