Bihar Gramin Bank Nawalpur IFSC Code

The Bihar Gramin Bank branch in Nawalpur, located in the West Champaran district of Bihar, serves a vital role for local residents and businesses. When you need to transfer funds electronically, understanding and using the correct Indian Financial System Code (IFSC) is essential. This unique 11-character code is a key requirement for secure and accurate digital transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures your money reaches the right bank and the correct branch, preventing delays or errors in your financial dealings.

Bihar Gramin Bank Nawalpur Branch Details

Here are the specific details for the Bihar Gramin Bank branch in Nawalpur:

Bank Name	Bihar Gramin Bank
Branch Name	Nawalpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100232
Branch Address	Nawalpur, WEST CHAMPARAN, 845452, 9297948744
Contact Number	9297948744
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845452
State	Bihar

Merger Update for Bihar Gramin Bank

It’s important to note that Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, all branches now operate under the unified identity of Bihar Gramin Bank. The bank is sponsored by Punjab National Bank (PNB). This means that all branches, including the Nawalpur branch, use a common IFSC code format beginning with PUNB0. The specific IFSC code for the Nawalpur branch is PUNB0MBGB06.

If you previously used an IFSC code associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) for a transaction, please be aware that these old IFSC codes have been revoked and are no longer valid. For any fund transfers to or from Bihar Gramin Bank branches, you must use the new, unified IFSC code, such as PUNB0MBGB06 for the Nawalpur branch, to ensure your transaction is successful.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies every bank branch in India. It’s designed by the Reserve Bank of India (RBI) to facilitate electronic fund transfers.

The structure of the IFSC code is as follows:

• The first four characters represent the bank name. For Bihar Gramin Bank, sponsored by Punjab National Bank, these characters are PUNB.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters identify the specific branch. In the case of Nawalpur branch, these characters are MBGB06.

So, for the Nawalpur branch of Bihar Gramin Bank, the IFSC code PUNB0MBGB06 breaks down as:

• PUNB: Punjab National Bank (the sponsoring bank)
• 0: Control character
• MBGB06: Nawalpur branch identifier

How to Use the IFSC Code

You’ll need the IFSC code when initiating any electronic fund transfer like NEFT, RTGS, or IMPS. Here’s how to use it:

1. Gather Beneficiary Details: Before starting a transaction, make sure you have the recipient’s full name, account number, bank name, and the specific branch’s IFSC code.
2. Select Transfer Type: Log in to your bank’s online banking portal or mobile app. Choose the type of transfer you want to make (NEFT, RTGS, or IMPS).
3. Add Beneficiary (First Time): If you’re sending money to this recipient for the first time, you’ll need to add them as a new beneficiary. This involves entering their account number, name, and most importantly, the IFSC code. For the Nawalpur branch, you would input PUNB0MBGB06.
4. Verify Details: Always double-check all the entered information, especially the account number and IFSC code, to prevent funds from being sent to the wrong account.
5. Enter Amount and Confirm: Specify the amount you wish to transfer and confirm the transaction. Your bank will use the IFSC code to route the funds correctly to the Bihar Gramin Bank Nawalpur branch.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Ensures Accuracy: It guarantees that your electronic fund transfer reaches the intended recipient’s bank and specific branch, avoiding misdirection.
• Speeds Up Transactions: For NEFT, RTGS, and IMPS, the IFSC code is crucial for quick processing, allowing funds to move rapidly between different banks.
• Facilitates Interbank Transfers: It acts as a unique identifier for interbank transactions, making it possible to transfer money across different financial institutions smoothly.
• Enhances Security: The code adds an extra layer of verification, reducing the chances of fraudulent transactions or errors in routing funds.
• Mandatory for Digital Banking: For most modern digital banking services, including mobile banking apps and online banking portals, the IFSC code is a mandatory field for initiating transfers to other banks.

Contact Information

If you need to get in touch with the Bihar Gramin Bank or its Nawalpur branch, here are the relevant contact details:

• Nawalpur Branch Phone Number: 9297948744
• Nawalpur Branch Address: Nawalpur, WEST CHAMPARAN, 845452, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about the Bihar Gramin Bank IFSC code:

Q1: Why does the IFSC code for Bihar Gramin Bank start with “PUNB”?
A1: Bihar Gramin Bank is a Regional Rural Bank sponsored by Punjab National Bank (PNB). According to RBI guidelines, the IFSC codes for sponsored regional rural banks often begin with the prefix of their sponsor bank, which in this case is PUNB for Punjab National Bank.

Q2: Can I still use the old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC codes?
A2: No, you cannot. After the merger of UBGB and DBGB into Bihar Gramin Bank, all old IFSC codes associated with these former entities have been revoked. You must use the new, unified IFSC codes, like PUNB0MBGB06 for the Nawalpur branch, for all transactions.

Q3: What happens if I enter an incorrect IFSC code during a fund transfer?
A3: If you enter an incorrect IFSC code, your transaction will likely fail. The banking system relies on this code to identify the correct destination branch. If the code is wrong, the system won’t be able to route the funds, and the transaction will typically be rejected, with the money remaining in or returning to your account. Always double-check the IFSC code before confirming a transfer.

Q4: Is Bihar Gramin Bank a public sector bank?
A4: Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are government-owned scheduled commercial banks that operate at the regional level in various Indian states. They are jointly owned by the Government of India, the respective State Government, and a sponsor bank (in this case, Punjab National Bank).

Q5: How can I find the IFSC code for another Bihar Gramin Bank branch?
A5: You can find the IFSC code for other Bihar Gramin Bank branches through several methods: checking the bank’s official website, using online IFSC code finder tools, looking at your passbook or chequebook, or contacting the bank’s customer service or the specific branch directly.