You’re looking for details about the Bihar Gramin Bank branch located in LALGANJ, Nalanda, Bihar. Understanding the specific IFSC (Indian Financial System Code) for this branch is crucial for any electronic fund transfers. Whether you’re sending money through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), having the correct IFSC code ensures your transaction reaches the right bank and branch quickly and safely. This unique code acts like a digital address for the branch.
Branch Details
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | LALGANJ |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7174 |
| Branch Address | LALGANJ, Nalanda, Bihar – 803108 |
| Contact Number | 9771464174 |
| City | Nalanda |
| District | Nalanda |
| Reason | BIHARSHARIF |
| Pincode | 803108 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
For customers of Bihar Gramin Bank, it’s important to be aware of recent changes concerning Regional Rural Banks (RRBs) in the region. Previously, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated separately. However, these banks, along with others, have been merged to form a single entity, which is now sponsored by Punjab National Bank (PNB).
As a result of this merger, all branches of the formerly separate Gramin Banks in Bihar now operate under a unified structure. This means a common IFSC code format is used across all branches of the newly merged entity. The IFSC code PUNB0MBGB06, for example, reflects this new structure, with “PUNB” representing the sponsoring bank (Punjab National Bank) and “MBGB” often indicating the merged Gramin Bank entity (Madhya Bihar Gramin Bank, or a similar name for the merged Bihar RRB).
It’s critical to note that any old IFSC codes previously associated with UBGB or DBGB branches have been revoked. For any electronic fund transfers to the LALGANJ branch of Bihar Gramin Bank, or any other branch under this merged structure, you must use the new, consolidated IFSC code, such as PUNB0MBGB06. Using an old or incorrect IFSC code will result in your transaction failing or being delayed.
What is an IFSC Code?
The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code. It identifies every bank branch participating in electronic funds transfers within India. Think of it as a specific address for a bank branch in the digital world.
This code follows a standard structure:
- The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
- The fifth character is always zero (0). This character is reserved for future use and helps distinguish the bank code from the branch code.
- The last six characters identify the specific branch. In the case of PUNB0MBGB06, “MBGB06” uniquely points to the LALGANJ branch within the merged Gramin Bank system.
Knowing this structure helps you quickly verify if an IFSC code is valid and belongs to the correct bank.
How to Use an IFSC Code
Using the IFSC code is a straightforward process when you’re making electronic fund transfers. Here’s how it typically works for NEFT, RTGS, and IMPS:
When you initiate a fund transfer, either through your bank’s online banking portal, a mobile banking app, or by filling out a form at a physical bank branch, you’ll need to provide the following details:
- Beneficiary Name: The full name of the person or entity you are sending money to.
- Beneficiary Account Number: The account number of the recipient. Double-check this carefully.
- Confirm Beneficiary Account Number: Usually, you’ll enter the account number twice to prevent errors.
- Beneficiary Bank Name: The name of the bank where the recipient holds their account (e.g., Bihar Gramin Bank).
- Beneficiary Branch Name: The specific branch name (e.g., LALGANJ).
- IFSC Code: Enter the correct 11-character IFSC code for the beneficiary’s branch (e.g., PUNB0MBGB06). This code automatically identifies the bank and branch, ensuring the funds are routed correctly.
- Amount: The amount of money you wish to transfer.
- Remarks/Purpose: A short note about the transfer’s purpose (optional but recommended).
Once all details are entered, review them carefully before confirming the transaction. The system uses the IFSC code to direct your funds to the right place.
Benefits of Knowing Your IFSC Code
Knowing and using the correct IFSC code offers several key advantages:
- Accurate Fund Transfers: Ensures your money reaches the intended recipient’s bank and branch without delays or errors.
- Faster Processing: Electronic transfers like NEFT, RTGS, and IMPS rely on IFSC codes for quick and efficient processing.
- Security: Helps in preventing fraudulent transactions by directing funds only to verified bank branches.
- Convenience: Makes online banking and mobile banking seamless, allowing you to transfer money from anywhere at any time.
- Essential for Remittances: Required for receiving money from other banks within India.
- Universal Standard: A standardized code used across all banks in India for electronic transactions.
Contact Information
For inquiries related to the LALGANJ branch or Bihar Gramin Bank services, you can use the following contact details:
- Branch Phone Number (LALGANJ): 9771464174
- Branch Address (LALGANJ): LALGANJ, Nalanda, Bihar – 803108
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, the IFSC code PUNB0MBGB06 is specific to the LALGANJ branch. While the initial part “PUNB0MBGB” might be common for many branches within the merged Bihar Gramin Bank entity (sponsored by Punjab National Bank), the last six characters are unique to each specific branch. Always verify the exact IFSC code for the particular branch you are transacting with.
Q2: What should I do if my electronic transfer fails using an old IFSC code?
A2: If your transaction fails due to an incorrect or old IFSC code, first, confirm the correct and updated IFSC code for the beneficiary’s branch. For Bihar Gramin Bank, this would be the new PNB-sponsored code like PUNB0MBGB06. Then, re-initiate the transaction using the correct code. Your bank will usually reverse any failed transaction amount within a short period if the code was invalid.
Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on your bank passbook and chequebook. It is usually found on the first page of the passbook or on the top left corner of a cheque leaf. Always double-check this against official bank sources or reliable online tools, especially after bank mergers, to ensure you have the most current code.
Q4: What is the difference between IFSC and MICR codes?
A4: Both are bank codes, but they serve different purposes. The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code typically found on cheque leaves. It is primarily used for processing physical cheques efficiently and securely.
Q5: How can I confirm the correct IFSC code if I’m unsure?
A5: You can confirm the correct IFSC code in several ways: check your bank’s official website, look at your passbook or chequebook (ensure it’s updated), use the official mobile banking app, or contact the bank’s customer service directly. For Bihar Gramin Bank branches under the new merged structure, always look for the IFSC code that starts with “PUNB”.
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.