Bihar Gramin Bank NARI IFSC Code

The Bihar Gramin Bank NARI branch is located in Nalanda, a district in the state of Bihar. For anyone looking to send or receive money electronically to or from this branch, knowing the Indian Financial System Code, or IFSC, is essential. This unique code acts like a digital address, ensuring that your funds reach the correct bank and branch without errors when using services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	NARI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7179
Branch Address	NARI, Nalanda, 803114, 9771464179
Contact Number	9771464179
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803114
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two significant regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger aimed to strengthen rural banking services in Bihar. Following this consolidation, all branches, including NARI, now operate under a unified structure sponsored by Punjab National Bank.

It is crucial to note that the old IFSC codes previously used for UBGB or DBGB branches are no longer valid for any transactions. For any fund transfer to or from the NARI branch of Bihar Gramin Bank, only the new, unified IFSC code, PUNB0MBGB06, should be used. Using an outdated IFSC code will cause your transaction to fail.

What is an IFSC Code?

The IFSC code stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to every bank branch participating in online funds transfers. This code helps identify the specific bank and branch for secure and accurate electronic transactions.

The 11 characters of an IFSC code are structured in a particular way:

• The first four characters represent the bank name. For example, in 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 helps distinguish between the bank code and the branch code.
• The last six characters uniquely identify the specific bank branch. In PUNB0MBGB06, “MBGB06” refers to the NARI branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you are making online fund transfers through NEFT, RTGS, or IMPS. Here are the general steps:

1. Log In: Access your bank’s net banking portal or mobile banking application using your credentials.
2. Select Transfer Type: Choose the type of transfer you wish to make – NEFT, RTGS, or IMPS.
3. Add Beneficiary: If you are sending money to a new recipient, you will need to add them as a beneficiary. You will typically be asked for the following details:
   • Beneficiary’s Name
   • Beneficiary’s Bank Account Number
   • Confirm Beneficiary’s Bank Account Number
   • Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary’s Branch Name (e.g., NARI)
   • Beneficiary’s IFSC Code (e.g., PUNB0MBGB06)
4. Verify Details: Double-check all the entered information, especially the account number and IFSC code, to prevent any mistakes.
5. Enter Amount: Input the amount you wish to transfer.
6. Confirm Transaction: Authorize the transaction, usually with an OTP (One-Time Password) or transaction PIN.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the recipient’s branch, offers several important benefits:

• Accurate Fund Transfers: It ensures that your money reaches the intended bank and specific branch without any diversion.
• Mandatory for Online Transactions: The IFSC code is a compulsory field for initiating any NEFT, RTGS, or IMPS transaction.
• Faster Processing: By uniquely identifying the destination branch, IFSC codes help in quicker processing and settlement of electronic transfers.
• Reduces Errors: It minimizes the chances of funds being transferred to the wrong account, which can be a complex issue to resolve.
• Universal Identifier: It provides a standardized way for all participating banks to identify each other’s branches across India.

Contact Section

For inquiries related to the Bihar Gramin Bank NARI branch, you can use the following contact information:

• Branch Phone Number: 9771464179
• Branch Address: NARI, Nalanda, 803114

For general information or issues concerning Bihar Gramin Bank, you can contact their head office or use the toll-free number:

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

FAQs

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used for electronic fund transfers in India.

Q2: Is the IFSC code for Bihar Gramin Bank NARI branch unique?
A2: Yes, the IFSC code PUNB0MBGB06 is unique to the NARI branch of Bihar Gramin Bank. Every bank branch participating in online transactions has its own distinct IFSC code.

Q3: Can I use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code for transactions with the NARI branch?
A3: No, you cannot. Following the merger, all old UBGB and DBGB IFSC codes have been revoked. You must use the new unified IFSC code, PUNB0MBGB06, for all transactions involving Bihar Gramin Bank branches, including NARI.

Q4: What types of transactions require an IFSC code?
A4: You need an IFSC code for all types of electronic fund transfers within India, specifically NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Q5: Where can I find the IFSC code for my own bank account or another branch?
A5: You can typically find the IFSC code on your bank’s cheque book, passbook, or account statement. Most banks also provide an IFSC lookup tool on their official website or mobile banking app. You can also contact your bank’s customer service for this information.