Bihar Gramin Bank Nawalpur Chowk IFSC Code

Welcome. This article focuses on the Bihar Gramin Bank branch located at Nawalpur Chowk in Purnia, Bihar. If you need to send or receive money, understanding the Indian Financial System Code (IFSC) is key. The IFSC code is a unique 11-character alphanumeric code that identifies every bank branch in India. It is essential for various electronic fund transfer systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, your money transfer won’t go through to the intended recipient.

Bihar Gramin Bank, Nawalpur Chowk Branch Details

Here are the detailed specifics for the Bihar Gramin Bank branch at Nawalpur Chowk:

Bank Name	Bihar Gramin Bank
Branch Name	Nawalpur Chowk
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108008
Branch Address	Nawalpur Chowk, PURNIA, 854301
Contact Number	9297946883
City	PURNIA
District	PURNIA
Reason	PURNEA
Pincode	854301
State	Bihar

Merger Update for Bihar Gramin Bank

The Bihar Gramin Bank branch at Nawalpur Chowk operates under a consolidated structure resulting from significant banking mergers in the region. Previously, Uttar Bihar Gramin Bank (UBGB) and Kosi Kshetriya Gramin Bank merged to form Bihar Gramin Bank. Both these former entities were sponsored by Punjab National Bank (PNB).

Due to these mergers and PNB’s sponsorship, all branches under Bihar Gramin Bank now use a unified IFSC code structure, starting with “PUNB”. Specifically, the IFSC code PUNB0MBGB06 is used for this branch. It’s important to note that any old IFSC codes previously assigned to Uttar Bihar Gramin Bank branches have been revoked. For any transactions with the Bihar Gramin Bank, Nawalpur Chowk branch, only the new, consolidated IFSC code PUNB0MBGB06 is valid.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character code used to identify all bank branches involved in electronic financial transactions within India. It’s a unique identifier that ensures funds go to the correct bank and branch.

Here’s how the 11 characters break down:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” clearly indicates Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters identify the specific bank branch. For the Nawalpur Chowk branch, these are “MBGB06”.

This structured format helps in quickly and accurately routing money to the intended destination across various banking networks.

How to Use the IFSC Code

You will need the IFSC code when performing electronic fund transfers through NEFT, RTGS, or IMPS. Here’s a general guide:

• NEFT (National Electronic Funds Transfer): This system allows for one-to-one fund transfers between banks. When setting up a new beneficiary, you’ll enter their name, account number, bank name, and the specific IFSC code of their branch (e.g., PUNB0MBGB06 for Nawalpur Chowk). NEFT transactions are processed in batches throughout the day.
• RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, typically ₹2 lakh and above. Funds are transferred individually and in real-time. Similar to NEFT, you’ll need the beneficiary’s name, account number, bank, and the correct IFSC code (PUNB0MBGB06) to initiate the transfer.
• IMPS (Immediate Payment Service): IMPS offers instant 24/7 fund transfers, even on holidays. You can use it via mobile banking or internet banking. When adding a beneficiary or sending money, the IFSC code (PUNB0MBGB06) is a required detail, along with the account number, to ensure immediate credit to the correct branch.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transaction to avoid delays or misdirected funds.

Benefits of Knowing Your IFSC Code

Understanding and knowing the correct IFSC code for your bank branch offers several practical advantages:

• It enables seamless electronic fund transfers for transactions like bill payments, online shopping, and sending money to family or friends.
• It ensures accuracy in financial transactions, preventing money from being sent to the wrong bank or branch.
• It is mandatory for receiving funds from other banks through NEFT, RTGS, or IMPS, making it easier for others to send money to your account.
• It helps in identifying your specific branch quickly, especially useful for branches with similar names or in large cities.
• It plays a crucial role in the modern banking system, supporting the shift towards digital and paperless transactions.

Contact Information

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

• Branch Phone Number: 9297946883
• Branch Address: Nawalpur Chowk, PURNIA, 854301, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 specific to only the Nawalpur Chowk branch?

A1: Yes, each bank branch has a unique 11-character IFSC code. So, PUNB0MBGB06 is specifically for the Bihar Gramin Bank, Nawalpur Chowk branch. Using this code directs funds precisely to this location.

Q2: What should I do if my electronic transfer fails using this IFSC code?

A2: If a transfer fails, first re-check the IFSC code, account number, and beneficiary name for any typos. If all details appear correct, contact the Bihar Gramin Bank Nawalpur Chowk branch directly using the provided contact number (9297946883) or their head office for assistance.

Q3: Can I find the IFSC code on my passbook or cheque book?

A3: Yes, the IFSC code is typically printed on your bank’s passbook and on cheque leaves issued by the bank. It’s usually located near the branch address or on the top left corner of a cheque.

Q4: What is the difference between IFSC and MICR codes?

A4: An IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for online fund transfers (NEFT, RTGS, IMPS). A MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code used for processing physical cheques. It helps speed up the clearing of cheques.

Q5: Is Bihar Gramin Bank a government bank?

A5: Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). RRBs are jointly owned by the Government of India, the State Government, and the sponsoring bank. While it has government ownership, it operates under the sponsorship and guidance of PNB.