Bihar Gramin Bank Nautan IFSC Code

In the heart of Nautan, a vibrant locality within the West Champaran district of Bihar, financial transactions are a daily necessity for residents and businesses alike. Whether you’re sending money to family, paying bills, or managing business funds, understanding how to move money electronically is key. This is where the Indian Financial System Code, or IFSC, comes into play. It’s a unique eleven-character code crucial for enabling secure and swift online fund transfers through systems like NEFT, RTGS, and IMPS. Knowing the correct IFSC code ensures your money reaches the right bank and branch without any issues.

Branch Details

Here are the specific details for the Bihar Gramin Bank, Nautan branch:

Bank Name	Bihar Gramin Bank
Branch Name	Nautan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100183
Branch Address	Nautan, WEST CHAMPARAN, 845438, 9297954072
Contact Number	9297954072
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845438
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank came into existence after the merger of two prominent regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation aimed to streamline operations and enhance banking services across Bihar. Following this merger, Bihar Gramin Bank now operates under the sponsorship of Punjab National Bank.

It is important to note that all previous IFSC codes associated with Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. For any transactions with Bihar Gramin Bank, including the Nautan branch, you must use the new, unified IFSC code: PUNB0MBGB06. Using any old IFSC code will result in transaction failure. Always ensure you are using the most current code to avoid delays or complications.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code uniquely assigned by the Reserve Bank of India (RBI) to identify each bank branch participating in online funds transfers. It plays a critical role in ensuring that money is routed correctly to the intended recipient’s bank account. Here’s how the 11 characters are structured:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This is kept as a control character for future use, essentially a placeholder.
• The last six characters identify the specific bank branch. In our example, “MBGB06” identifies the Nautan branch of Bihar Gramin Bank under the PNB sponsorship.

This systematic structure helps in quickly and accurately identifying the specific branch, making the process of electronic fund transfers efficient and reliable.

How to Use an IFSC Code

The IFSC code is essential when you want to transfer money electronically through various banking channels. Here’s a step-by-step guide on how to use it:

For NEFT (National Electronic Funds Transfer):

1. Log in to your bank’s online banking portal or mobile app.
2. Navigate to the “Fund Transfer” or “Payments” section.
3. Select “NEFT” as the transfer type.
4. Add the beneficiary (the person you are sending money to). You will need their full name, account number, account type (savings or current), and the bank’s IFSC code (PUNB0MBGB06 for Nautan branch).
5. Enter the amount you wish to transfer.
6. Confirm the details and complete the transaction. NEFT transactions are processed in batches during specific hours.

For RTGS (Real Time Gross Settlement):

1. Access your online banking or mobile app.
2. Go to the “Fund Transfer” section and choose “RTGS”.
3. Add the beneficiary details: name, account number, account type, and the IFSC code (PUNB0MBGB06). RTGS is generally used for larger amounts, typically above INR 2 lakhs.
4. Input the transfer amount.
5. Review all information carefully and confirm. RTGS transactions are processed individually and in real-time, providing immediate settlement.

For IMPS (Immediate Payment Service):

1. Open your mobile banking app or use internet banking.
2. Select “IMPS” for instant transfers.
3. Enter the beneficiary’s details: their account number and the IFSC code (PUNB0MBGB06). Alternatively, you might use their Mobile Money Identifier (MMID) and mobile number if available.
4. Specify the amount to be transferred.
5. Verify the details and proceed. IMPS transactions are available 24/7, including holidays, and provide instant credit to the beneficiary’s account.

In all these methods, the accuracy of the IFSC code is paramount for the successful and timely completion of your transaction.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Enables Online Transfers: It is mandatory for all digital fund transfers like NEFT, RTGS, and IMPS, making banking convenient from anywhere.
• Ensures Accuracy: The unique code precisely identifies the recipient’s bank and branch, preventing money from being sent to the wrong place.
• Speeds Up Transactions: Automated routing using IFSC codes significantly reduces the time taken for inter-bank transfers.
• Reduces Errors: By standardizing branch identification, the risk of manual errors in processing transfers is minimized.
• Saves Time: You don’t need to visit a bank branch physically for most fund transfer needs, saving travel time and effort.

Contact Information

For any banking inquiries related to the Nautan branch or Bihar Gramin Bank, you can use the following contact details:

• Nautan Branch Phone Number: 9297954072
• Nautan Branch Address: Nautan, WEST CHAMPARAN, 845438, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number for Bihar Gramin Bank: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the main difference between NEFT and RTGS?

A1: NEFT (National Electronic Funds Transfer) processes transactions in batches at specific intervals, making it suitable for smaller transfers. RTGS (Real Time Gross Settlement) processes transactions individually and continuously throughout the working hours, offering immediate settlement, typically for larger amounts, usually above INR 2 lakhs.

Q2: Can I use an old IFSC code of Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank for transactions?

A2: No. Following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank to form Bihar Gramin Bank, all old IFSC codes have been revoked. You must use the new, unified IFSC code, PUNB0MBGB06, for all transactions to the Nautan branch or any other Bihar Gramin Bank branch.

Q3: Is the IFSC code unique for every bank branch?

A3: Yes, each bank branch participating in online fund transfers is assigned a unique 11-character IFSC code by the Reserve Bank of India. This uniqueness ensures accurate routing of funds to the correct destination.

Q4: What should I do if I enter the wrong IFSC code during a transaction?

A4: If you enter an incorrect IFSC code, the transaction will likely fail and the funds will not be debited from your account or will be reversed. However, if the incorrect IFSC code corresponds to another valid branch and the account number also matches a real account at that branch, the money might be credited there. In such cases, you should immediately contact your bank for assistance to reverse the transaction.

Q5: How can I verify the IFSC code for a branch?

A5: You can verify the IFSC code in several ways: check the bank’s official website, look at the bank passbook or cheque book, or contact the bank’s customer service. Reliable financial websites also provide IFSC lookup tools. Always double-check before initiating a transfer.