Bihar Gramin Bank LOHRI IFSC Code

When you need to send money electronically to the Bihar Gramin Bank LOHRI branch in Nalanda, Bihar, you’ll rely on something called an IFSC code. This unique code is essential for various digital money transfers like NEFT, RTGS, and IMPS. It ensures your funds go to the correct bank and branch without any errors. Understanding this code helps make your banking smooth and secure.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	LOHRI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6893
Branch Address	LOHRI, Nalanda, 803118, 9523596893
Contact Number	9523596893
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803118
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two important regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). After this merger, all branches, including LOHRI, now operate under a single, unified IFSC code: PUNB0MBGB06. This code is sponsored by Punjab National Bank.

It is very important to note that any old IFSC codes previously used for branches under Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. For any transactions to Bihar Gramin Bank, including the LOHRI branch, only the new IFSC code, PUNB0MBGB06, is valid. Using an old or incorrect code will result in transaction failure.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is a unique 11-character alphanumeric code used to identify specific bank branches in India. This code is crucial for online money transfers.

The IFSC code for the LOHRI branch is PUNB0MBGB06. Let’s break down its structure:

• The first four characters (PUNB) identify the bank, in this case, Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is kept for future use, making the code flexible.
• The last six characters (MBGB06) identify the specific branch. In this case, ‘MBGB’ signifies ‘Mahatma Gandhi Gramin Bank’ (the previous name of Bihar Gramin Bank before PNB sponsorship structure) and ’06’ identifies the LOHRI branch.

How to Use an IFSC Code

The IFSC code is essential for sending money electronically through various methods. Here’s how you typically use it:

For NEFT (National Electronic Funds Transfer):

1. Log in to your online banking portal or mobile app.
2. Select the ‘NEFT’ option for funds transfer.
3. Add a new beneficiary or select an existing one.
4. Enter the beneficiary’s full name, account number, and the correct IFSC code (PUNB0MBGB06 for LOHRI branch).
5. Specify the amount you wish to transfer.
6. Confirm the details and complete the transaction. NEFT transactions are processed in batches during specific hours.

For RTGS (Real Time Gross Settlement):

1. Access your online banking or mobile app.
2. Choose the ‘RTGS’ option. This is typically used for larger amounts as per RBI guidelines.
3. Provide the beneficiary’s name, account number, and the IFSC code (PUNB0MBGB06).
4. Input the transfer amount.
5. Review all information carefully and authorize the transfer. RTGS transactions are processed individually and in real-time.

For IMPS (Immediate Payment Service):

1. Open your mobile banking app or use a UPI-enabled application.
2. Select ‘IMPS’ for instant transfers.
3. Enter the beneficiary’s bank account number and the IFSC code (PUNB0MBGB06). Alternatively, you might use a mobile number and MMID for some IMPS transfers.
4. Enter the amount.
5. Confirm the details. IMPS allows for immediate, 24/7 fund transfers.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code offers several advantages for your financial transactions:

• Accuracy: It ensures that your money reaches the intended recipient’s bank account at the correct branch, preventing misdirection of funds.
• Speed: It facilitates faster processing of electronic fund transfers, especially for NEFT, RTGS, and IMPS.
• Security: The unique identification helps in preventing fraudulent transactions by verifying the branch details.
• Convenience: It allows you to conduct banking operations from anywhere, anytime, without needing to visit a physical bank branch.
• Nationwide Transfers: You can transfer money to any bank branch across India that participates in electronic fund transfer systems.

Contact Information

If you need to get in touch with the bank, here are the relevant contact details:

• LOHRI Branch Contact Number: 9523596893
• LOHRI Branch Address: LOHRI, Nalanda, 803118, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What is the IFSC code for Bihar Gramin Bank, LOHRI branch?

A1: The IFSC code for the Bihar Gramin Bank, LOHRI branch is PUNB0MBGB06.

Q2: Is the old IFSC code for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank still valid for transactions?

A2: No, all old IFSC codes for branches previously under Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. You must use the new unified IFSC code, PUNB0MBGB06, for all transactions to Bihar Gramin Bank branches, including LOHRI.

Q3: What types of transactions require an IFSC code?

A3: An IFSC code is required for electronic fund transfers such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Q4: How many digits are in an IFSC code and what do they represent?

A4: An IFSC code is an 11-character alphanumeric code. The first four characters identify the bank, the fifth character is always ‘0’ (zero) and is reserved for future use, and the last six characters identify the specific branch.

Q5: Where can I find the complete address of the Bihar Gramin Bank, LOHRI branch?

A5: The complete address for the LOHRI branch is LOHRI, Nalanda, Pincode 803118, Bihar.