Bihar Gramin Bank NALANDA IFSC Code

When you need to send or receive money digitally to or from the Bihar Gramin Bank branch in Nalanda, Bihar, an important code is required: the IFSC. This unique code is essential for various electronic fund transfer systems like NEFT, RTGS, and IMPS, ensuring your money reaches the correct bank and branch without issues. Understanding and using this code correctly helps make your financial transactions smooth and secure.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	NALANDA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6988
Branch Address	NALANDA, Nalanda, 803111, 7070196988
Contact Number	7070196988
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803111
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both these banks have now been integrated into a single entity. As part of this merger, all branches, including the NALANDA branch, now operate under a unified IFSC code structure provided by Punjab National Bank, their sponsor bank.

The new, single IFSC code for all Bihar Gramin Bank branches, including NALANDA, is PUNB0MBGB06. It is important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) branches are no longer valid for transactions. You must use the new, consolidated IFSC code for all fund transfers. Always verify you are using PUNB0MBGB06 to ensure your transactions are successful.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code uniquely identifying all bank branches participating in electronic fund transfers. This code helps the banking system direct your money to the correct recipient branch.

The IFSC code is structured in a specific way:

• The first four characters represent the bank name. For Bihar Gramin Bank, this is “PUNB” because Punjab National Bank is its sponsor bank.
• The fifth character is always a “0” (zero). This is a control character reserved for future use.
• The last six characters identify the specific branch. For the NALANDA branch, these are “MBGB06”, signifying it is a Bihar Gramin Bank branch and its unique branch identifier.

How to Use the IFSC Code

You will need the IFSC code when initiating various types of electronic fund transfers. Here’s how it typically works for NEFT, RTGS, and IMPS:

1. Gather Details: Before starting, make sure you have the recipient’s bank account number, their full name, the bank’s name (Bihar Gramin Bank), and the correct IFSC code (PUNB0MBGB06 for NALANDA branch).
2. Log In: Access your internet banking portal or mobile banking app.
3. Select Transfer Type: Choose the type of transfer you want to make:
   • NEFT (National Electronic Funds Transfer): This system processes transfers in batches at specific times. It’s suitable for non-urgent transfers.
   • RTGS (Real Time Gross Settlement): This is for large value transactions where funds are processed individually and in real-time.
   • IMPS (Immediate Payment Service): This allows for instant, 24/7 fund transfers, even on holidays.
4. Add Beneficiary: If you haven’t transferred to this person before, you will need to add them as a beneficiary. Enter their account number, name, and the IFSC code. The system will usually auto-fill the bank and branch name once the IFSC is entered.
5. Enter Amount and Confirm: Input the amount you wish to send and review all the details carefully. Confirm the transaction using your password or OTP (One-Time Password).

Using the correct IFSC code ensures that your money is routed accurately and swiftly to the intended recipient’s bank branch.

Benefits of Knowing Your IFSC Code

Knowing and using the correct IFSC code offers several advantages:

• Accurate Fund Transfers: It ensures that your money is transferred to the specific branch you intend, preventing misdirection of funds.
• Faster Processing: Correct IFSC codes allow banks to process NEFT, RTGS, and IMPS transactions efficiently and quickly.
• Enhanced Security: The unique code helps verify the authenticity of the bank branch, adding a layer of security to your transactions.
• Convenience: It simplifies the process of sending and receiving money digitally, making banking more accessible.
• Mandatory for Digital Transactions: For almost all electronic fund transfers within India, the IFSC code is a compulsory detail.

Contact Information

For specific inquiries related to the Bihar Gramin Bank, NALANDA branch, or general banking services:

• Branch Phone Number (NALANDA): 7070196988
• Branch Address (NALANDA): NALANDA, Nalanda, 803111, 7070196988
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Service Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is the IFSC code specifically for the NALANDA branch of Bihar Gramin Bank. Each branch typically has a unique last six characters in its IFSC code. Always confirm the exact IFSC code for the specific branch you are dealing with.

Q2: What happens if I use an incorrect IFSC code?
A2: If you use an incorrect IFSC code, your transaction will likely fail. The banking system will not be able to identify the correct recipient branch, and the funds will either be returned to your account or the transaction will be declined immediately. It is crucial to double-check the code before initiating any transfer.

Q3: Where can I find the IFSC code for my Bihar Gramin Bank branch?
A3: You can find the IFSC code on your bank passbook or checkbook. It is also available on the official website of Bihar Gramin Bank or Punjab National Bank (its sponsor bank). Many online banking portals also display the IFSC code for your account.

Q4: What is the MICR code and how is it different from IFSC?
A4: MICR stands for Magnetic Ink Character Recognition. It is a 9-digit code primarily used for processing physical cheques. The MICR code helps in faster processing of cheques. While both identify a bank branch, the IFSC code is used for electronic fund transfers (NEFT, RTGS, IMPS), and the MICR code is for cheque clearing.

Q5: Can I transfer money to a Bihar Gramin Bank account using another bank’s app?
A5: Yes, absolutely. As long as you have the correct Bihar Gramin Bank account number and the valid IFSC code (like PUNB0MBGB06 for the NALANDA branch), you can initiate fund transfers from any other bank’s internet banking portal or mobile app that supports NEFT, RTGS, or IMPS.