Bihar Gramin Bank Nabiganj Bazar IFSC Code

When you need to send or receive money digitally to or from the Bihar Gramin Bank branch in Nabiganj Bazar, SIWAN, Bihar, understanding the IFSC code is essential. This unique code acts like a digital address, ensuring your funds reach the correct bank and branch without issues. Whether you are using services like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the IFSC code is a mandatory piece of information that makes these transactions safe and efficient.

Branch Details

Here are the specific details for the Bihar Gramin Bank branch at Nabiganj Bazar:

Bank Name	Bihar Gramin Bank
Branch Name	Nabiganj Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100667
Branch Address	Nabiganj Bazar, SIWAN, 841416, 9297954460
Contact Number	9297954460
City	SIWAN
District	SIWAN
Region	SIWAN
Pincode	841416
State	Bihar

Merger Update

It is important to know that Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, all branches, including Nabiganj Bazar, now operate under the unified Bihar Gramin Bank. The bank is sponsored by Punjab National Bank.

Due to this merger, the old IFSC codes previously used by Uttar Bihar Gramin Bank are no longer valid for transactions. For any fund transfers to or from the Nabiganj Bazar branch, you must use the new and only valid IFSC code: PUNB0MBGB06. Using an old or incorrect IFSC code will lead to transaction failure and delays.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers in India. Think of it as a specific address for a bank branch in the digital world.

The structure of an IFSC code, such as PUNB0MBGB06, can be broken down:

• The first four characters represent the bank name. In this case, PUNB stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between different parts of the code.
• The last six characters identify the specific branch. For Nabiganj Bazar, MBGB06 points directly to that branch.

How to Use the IFSC Code

Using the IFSC code correctly is vital for successful online money transfers. Here’s how it works for common transaction types:

For NEFT (National Electronic Funds Transfer)

NEFT is a nation-wide electronic fund transfer system. Transactions are processed in batches.

1. Log in to your internet banking or mobile banking app.
2. Select the “Fund Transfer” or “NEFT” option.
3. Add the beneficiary (the person you want to send money to) if you haven’t already. You will need their account number, account holder’s name, and the IFSC code (PUNB0MBGB06 for Nabiganj Bazar).
4. Enter the amount you wish to transfer.
5. Confirm the details. The funds will be transferred within a few hours during banking hours.

For RTGS (Real Time Gross Settlement)

RTGS is designed for large-value transactions where funds are transferred in real-time on a gross basis. This means transactions are processed individually and immediately.

1. Access your online banking portal or mobile app.
2. Choose the “Fund Transfer” or “RTGS” option.
3. Provide the beneficiary’s details, including their account number, name, and the specific IFSC code (PUNB0MBGB06).
4. Input the transfer amount. RTGS usually has a minimum transaction limit, often ₹2 lakh.
5. Verify all information before confirming the transfer. The money will be credited to the beneficiary’s account almost instantly.

For IMPS (Immediate Payment Service)

IMPS allows for instant, 24/7 fund transfers, even on holidays. It is available through mobile banking, internet banking, and ATMs.

1. Open your mobile banking app or internet banking site.
2. Select the “IMPS” option.
3. Enter the beneficiary’s account number and the IFSC code (PUNB0MBGB06), or their Mobile Money Identifier (MMID) and mobile number.
4. Specify the amount to be transferred.
5. Review the details and confirm. The funds are transferred immediately.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Accurate Fund Transfer: Ensures your money goes to the intended recipient’s bank and branch without errors.
• Faster Processing: Enables quick and smooth processing of NEFT, RTGS, and IMPS transactions.
• Error Prevention: Reduces the chances of failed transactions or funds being sent to the wrong account.
• Security: Adds an extra layer of security by verifying the branch details during online transfers.
• Convenience: Facilitates easy online banking, allowing you to manage your finances from anywhere.

Contact Information

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

• Nabiganj Bazar Branch Phone Number: 9297954460
• Nabiganj Bazar Branch Address: Nabiganj Bazar, SIWAN, 841416, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

What if I use an old IFSC code for Bihar Gramin Bank?

If you use an old IFSC code that belonged to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank before the merger, your transaction will likely fail. The system will not recognize the old code as valid, and the funds will not be transferred. Always use the current code, PUNB0MBGB06, for the Nabiganj Bazar branch.

Is the IFSC code PUNB0MBGB06 only for the Nabiganj Bazar branch?

No, the IFSC code PUNB0MBGB06 is specific to the Nabiganj Bazar branch of Bihar Gramin Bank. Each branch of Bihar Gramin Bank, and indeed every bank in India, has its own unique IFSC code. You should always confirm the correct IFSC code for the specific branch you intend to transact with.

Why is the 5th character in the IFSC code always a zero?

The fifth character in any IFSC code is always a zero. This character is reserved for future use by the Reserve Bank of India. It acts as a separator between the bank code (first four characters) and the branch code (last six characters), making the code easier to read and process.

Can I find the IFSC code on my passbook?

Yes, the IFSC code for your specific branch is usually printed on your bank passbook or checkbook. You can also find it on the bank’s official website, through your net banking portal, or by contacting the branch directly.

What is the difference between NEFT and RTGS?

NEFT and RTGS are both electronic fund transfer systems. The main difference lies in their processing time and transaction limits. NEFT transactions are processed in batches and are generally suitable for smaller amounts, while RTGS transactions are processed individually and in real-time, typically used for larger amounts (usually ₹2 lakh and above).