Bihar Gramin Bank Nandanpur IFSC Code

The Nandanpur branch of Bihar Gramin Bank, located in the Saran district of Bihar, serves as a vital financial hub for its local community. For anyone needing to send money online to or from this branch, understanding and using its Indian Financial System Code (IFSC) is absolutely crucial. This unique 11-character code acts like a digital address, ensuring that funds transferred through systems like NEFT, RTGS, and IMPS reach the correct bank and branch without error.

Branch Details

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Nandanpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100569
Branch Address	Nandanpur, SARAN, 841430
Contact Number	9297955260
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841430
State	Bihar

Merger Update

For customers of Bihar Gramin Bank, it is important to understand the recent changes in the banking landscape. What was formerly Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form Madhya Bihar Gramin Bank (MBGB). The Nandanpur branch, while retaining its identity as a Bihar Gramin Bank branch, now operates under the umbrella of Madhya Bihar Gramin Bank. This entire merged entity is sponsored by Punjab National Bank (PNB).

As a result of this merger, all previous IFSC codes associated with UBGB and DBGB have been revoked. The Nandanpur branch now uses the single, standardized IFSC code: PUNB0MBGB06. This new code is the only valid one for all electronic fund transfers. It is critical to use this updated IFSC code to ensure your transactions are successful and avoid any delays or failures.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It’s designed to uniquely identify every bank branch participating in electronic funds transfer systems in India. Think of it as a specific address for a bank branch within the vast Indian financial network.

The structure of an IFSC code is quite logical:

• The first four characters represent the bank’s name. In the case of PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use, acting as a control character to differentiate between banks.
• The last six characters uniquely identify the specific branch. For Nandanpur, “MBGB06” pinpoints this particular branch within the Madhya Bihar Gramin Bank system.

This standardized format helps computers quickly and accurately route financial transactions to the correct destination.

How to Use the IFSC Code

Using the IFSC code for online money transfers is straightforward. Whether you are sending money via NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service), the process generally follows these steps:

1. Log In: Access your own bank’s online banking portal or mobile banking application.
2. Navigate to Fund Transfer: Look for sections like “Fund Transfer,” “Payments,” or “Send Money.”
3. Add Beneficiary: If you are sending money to this account for the first time, you’ll need to add it as a new beneficiary.
4. Enter Beneficiary Details: You will be prompted to enter several pieces of information:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Confirm Beneficiary’s Account Number
   • Account Type (Savings, Current, etc.)
   • The IFSC Code: PUNB0MBGB06 for Nandanpur branch
5. Verify and Confirm: Double-check all the entered details, especially the account number and IFSC code, to ensure they are correct. Then, confirm the transaction.

Once the beneficiary is added, you can simply select them for future transfers, making the process even quicker.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank Nandanpur branch offers several important benefits:

• Enables Online Fund Transfers: It is essential for using services like NEFT, RTGS, and IMPS to send or receive money electronically.
• Ensures Accuracy: The unique code guarantees that your money is routed to the exact branch and account you intend, minimizing errors.
• Mandatory for Interbank Transactions: Without an IFSC code, you cannot conduct electronic transfers between different banks in India.
• Standardized System: It provides a universal and secure method for identifying bank branches across the country.
• Speeds Up Transactions: By automating the routing process, IFSC codes help ensure that your online transactions are processed quickly and efficiently.

Contact Information

For specific inquiries or assistance regarding the Bihar Gramin Bank Nandanpur branch, you can use the following contact details:

• Branch Phone Number: 9297955260
• Branch Address: Nandanpur, SARAN, 841430
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank customer care): 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, Nandanpur branch?
A1: The IFSC code for the Nandanpur branch of Bihar Gramin Bank is PUNB0MBGB06.

Q2: Why does the IFSC code for Bihar Gramin Bank Nandanpur start with “PUNB”?
A2: The “PUNB” prefix indicates that Madhya Bihar Gramin Bank, under which the Nandanpur branch operates, is sponsored by Punjab National Bank (PNB). All branches of Madhya Bihar Gramin Bank use PNB’s prefix in their IFSC codes.

Q3: Are old IFSC codes for Bihar Gramin Bank branches still valid after the merger?
A3: No, due to the merger that formed Madhya Bihar Gramin Bank, all old IFSC codes belonging to the former Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. Only the new, unified IFSC codes starting with “PUNB” (like PUNB0MBGB06) are valid for electronic transactions.

Q4: Can I use this IFSC code for international money transfers?
A4: No, IFSC codes are specifically designed for domestic electronic fund transfers within India. For international money transfers, you would typically need a SWIFT/BIC (Society for Worldwide Interbank Financial Telecommunication / Bank Identifier Code).

Q5: What is the main difference between an IFSC code and a MICR code?
A5: An IFSC code (Indian Financial System Code) is an 11-character alphanumeric code used for online electronic fund transfers like NEFT, RTGS, and IMPS to identify a bank and specific branch. A MICR code (Magnetic Ink Character Recognition) is a 9-digit numerical code printed on cheque leaves. It is primarily used for processing physical cheques and identifying the bank, city, and branch for clearing purposes.