Bihar Gramin Bank Loma IFSC Code

When you need to send money to or receive money from the Bihar Gramin Bank branch located in Loma, Vaishali, Bihar, understanding the Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address for bank branches, ensuring your funds go to the correct destination. Whether you’re using National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the IFSC code is a key piece of information that makes these electronic transactions possible and secure.

Here are the detailed specifics for the Bihar Gramin Bank, Loma branch:

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Loma
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100147
Branch Address	Loma, VAISHALI, 844505, 9297955009
Contact Number	9297955009
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844505
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation aimed to create a stronger, more efficient regional rural bank. Following this merger, all branches of the new Bihar Gramin Bank, including the Loma branch, now operate under the unified IFSC code PUNB0MBGB06. This code is sponsored by Punjab National Bank.

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to note that any old IFSC codes previously used for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked.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

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies each bank branch participating in electronic funds transfers in India. It is essential for various digital banking operations.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank’s name. In the case of PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank for 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. For PUNB0MBGB06, “MBGB06” uniquely points to the Loma branch of Bihar Gramin Bank.

This standardized format ensures that every branch has a distinct identifier, preventing errors in electronic transactions.

How to Use the IFSC Code

Using the IFSC code is a standard part of initiating electronic fund transfers through NEFT, RTGS, or IMPS. Here’s a general step-by-step guide:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank’s online platform or mobile application.
2. Select the Type of Transfer: Choose the option for “Fund Transfer” or “Payments.” You will then select NEFT, RTGS, or IMPS, depending on the urgency and amount of the transfer.
3. Add Beneficiary Details: If you haven’t transferred money to this person before, you’ll need to add them as a new beneficiary. This typically involves providing:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary’s Branch Name (e.g., Loma)
   • Beneficiary’s IFSC Code (e.g., PUNB0MBGB06)
4. Verify Details: Always double-check all the entered information, especially the account number and IFSC code, to avoid transferring funds to the wrong recipient.
5. Enter Amount and Purpose: Input the amount you wish to transfer and a brief description for the transaction (e.g., “Family Support,” “Rent Payment”).
6. Confirm Transaction: Review the final details and confirm the transaction, often requiring a One-Time Password (OTP) for security.

For cash deposits or other in-person services at the Loma branch, you would simply visit the branch and provide the necessary account details directly to the teller. The IFSC code is primarily for electronic transactions.

Benefits of Knowing the IFSC Code

Having the correct IFSC code for the Bihar Gramin Bank, Loma branch, offers several important advantages:

• Ensures Accurate Fund Transfers: It guarantees that your money reaches the intended recipient’s bank account without errors, preventing delays or lost funds.
• Facilitates Online Banking: The IFSC code is mandatory for all major electronic payment systems like NEFT, RTGS, and IMPS, making digital transactions possible.
• Enhances Security: By precisely identifying the destination branch, it adds a layer of security to financial transactions, reducing the risk of fraud or misdirection.
• Saves Time: With the correct IFSC, transactions are processed quickly and efficiently, eliminating the need for physical visits to the bank for every transfer.
• Simplifies Interbank Operations: It standardizes the process of transferring funds between different banks and branches across the country.

Contact Section

For direct inquiries or assistance related to the Loma branch of Bihar Gramin Bank, you can use the following contact information:

• Branch Phone Number: 9297955009
• Branch Address: Loma, VAISHALI, 844505, Bihar

For broader banking inquiries or issues that might require higher-level attention, you can reach out to the bank’s head office or use their general toll-free number:

• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A: No, the first four characters (PUNB) and the fifth character (0) are common for all branches under this unified system. However, the last six characters are unique to each specific branch. So, while many parts of the code are similar, the full 11-character IFSC code will be different for each individual branch of Bihar Gramin Bank.

Q2: What is the difference between IFSC and MICR codes?
A: Both are bank codes, but they serve different purposes. The IFSC code (Indian Financial System Code) is an 11-character alpha-numeric code used for electronic fund transfers (NEFT, RTGS, IMPS). The MICR code (Magnetic Ink Character Recognition) is a 9-digit numerical code printed on cheques, used primarily for processing physical cheques. The MICR code for Loma branch is 800811002.

Q3: What happens if I use an incorrect IFSC code for a transfer?
A: If you use an incorrect IFSC code, the transaction will most likely fail immediately. The banking system will detect that the branch code does not match the account number or bank, and the transfer will not go through. In rare cases, if the incorrect IFSC code happens to belong to another valid branch and the account number matches, the funds could be sent to the wrong person, which is why double-checking is extremely important.

Q4: Can I find the IFSC code on my passbook or chequebook?
A: Yes, the IFSC code is typically printed on your bank passbook. It is also usually found on the top or bottom of a cheque leaf in your chequebook. You can also find it on the bank’s official website or through online IFSC finders.

Q5: Is the IFSC code required for cash deposits at the branch?
A: No, the IFSC code is not required for cash deposits made directly at the bank branch counter. When you deposit cash in person, you only need to provide the account number and the account holder’s name. The IFSC code is specifically for electronic fund transfers from one bank account to another.