Bihar Gramin Bank NAYA BHOJPUR IFSC Code

The NAYA BHOJPUR branch of Bihar Gramin Bank is located in the Buxar district of Bihar. For anyone needing to send money online to an account at this specific branch, using the correct Indian Financial System Code (IFSC) is essential. This unique 11-character code acts like a digital address, ensuring that your funds transferred through systems like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) reach the intended bank branch without any errors or delays.

Branch Details

Merger and IFSC Update

It is important to know that Bihar Gramin Bank was formed by the merger of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). After the merger, the bank came under the sponsorship of Punjab National Bank (PNB). As a result, all old IFSC codes belonging to UBGB and DBGB have been permanently revoked. For any transaction to a Bihar Gramin Bank account, you must use the new IFSC code format, which starts with ‘PUNB’. Using an old, invalid code will cause your transaction to be rejected.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-digit alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer network. This code uniquely identifies each branch and is crucial for routing money transfers correctly.

Let’s break down the IFSC code for the NAYA BHOJPUR branch, PUNB0MBGB06:

• PUNB: The first four letters represent the sponsor bank, which is Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters identify the specific branch, in this case, NAYA BHOJPUR.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a straightforward process. Whether you are using your bank’s mobile app or internet banking portal, the steps are generally the same.

1. Log in to your net banking or mobile banking account.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Choose the transfer method: NEFT, RTGS, or IMPS.
4. Add the recipient (beneficiary) by entering their bank details. You will need their name, account number, and the IFSC code of their bank branch.
5. For the NAYA BHOJPUR branch, you would enter PUNB0MBGB06 in the IFSC field.
6. Enter the amount you wish to transfer and confirm the transaction.

Always double-check the IFSC code and account number before confirming the transfer to avoid errors.

Benefits of Using the Correct IFSC Code

• Accuracy: It ensures your money is routed directly to the correct bank and branch, eliminating guesswork.
• Error Prevention: A valid IFSC code helps the banking system verify the destination branch, significantly reducing the chances of a failed or misdirected transaction.
• Faster Processing: Correct codes enable automated systems to process your transfer request quickly without manual intervention.
• Security: It adds a layer of verification to the fund transfer process, confirming that the account number corresponds to the specified branch.

Contact Information

For any queries or assistance, you can contact the branch or the bank’s head office.

• Branch Contact Number: 9771464062
• Branch Address: NAYA BHOJPUR, Buxar, Bihar – 802133
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?

After the merger of Uttar and Dakshin Bihar Gramin Banks, the newly formed Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). Therefore, the new IFSC codes use the first four letters of the sponsor bank, ‘PUNB’.

2. What will happen if I use an old IFSC code from before the merger?

If you use an old, discontinued IFSC code from either UBGB or DBGB, your transaction will fail. The funds will be returned to your account, but this may cause delays. It is mandatory to use the new ‘PUNB’ series IFSC code.

3. Is the IFSC code the same for all branches of Bihar Gramin Bank?

No. While the first four letters (‘PUNB’) are common across all branches, the last six characters are unique to each specific branch. You must use the code designated for the branch where the account is held.

4. Where can I find the IFSC code for my branch?

The IFSC code is printed on the chequebooks and passbooks issued by the bank. You can also find it on the official website of Bihar Gramin Bank or by contacting the branch directly.

5. Is the MICR code different from the IFSC code?

Yes, they serve different purposes. The IFSC code is used for online fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf and is used for faster processing of cheques.

Kriti Kumari

Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.