Bihar Gramin Bank NEMDARGANJ IFSC Code

NEMDARGANJ is a key locality located in the Nawada district of Bihar. For anyone looking to transfer funds to or from the Bihar Gramin Bank branch in NEMDARGANJ, understanding the Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address for the bank branch, ensuring that money sent through systems like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) reaches the correct destination quickly and securely. Without the correct IFSC, these modern fund transfers cannot be completed.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	NEMDARGANJ
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7295
Branch Address	NEMDARGANJ, Nawada, 805121, 9771464295
Contact Number	9771464295
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805121
State	Bihar

Merger Update

Bihar Gramin Bank, which includes the NEMDARGANJ branch, is a Regional Rural Bank (RRB). This bank was formed through a significant merger. Previously, there were two separate Regional Rural Banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks merged to form the single entity known as Bihar Gramin Bank.

Following this merger, Bihar Gramin Bank now operates under the sponsorship of Punjab National Bank (PNB). This means that all its IFSC codes, including PUNB0MBGB06 for the NEMDARGANJ branch, are part of Punjab National Bank’s system. It is very important to note that any old IFSC codes that were previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked. These old codes are no longer valid for any banking transactions. For all fund transfers to any Bihar Gramin Bank branch, you must use the new, unified IFSC code, such as PUNB0MBGB06 for NEMDARGANJ.

What is IFSC Code?

An IFSC code stands for Indian Financial System Code. It is an 11-character code used to identify all bank branches involved in electronic fund transfers across India. Think of it as a unique address for each branch.

The 11 characters are structured in a specific way:

• The first four characters are alphabetic and represent the bank’s name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate the code from older systems.
• The last six characters are alphanumeric (a mix of letters and numbers) and identify the specific bank branch. In our example, “MBGB06” identifies the NEMDARGANJ branch of Bihar Gramin Bank.

This unique structure ensures that money is routed correctly to the intended bank and branch during digital transactions.

How to Use IFSC Code

You will need the IFSC code whenever you want to send money electronically using NEFT, RTGS, or IMPS. Here’s a general guide on 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 correct IFSC code for their branch.
2. Log In to Your Net Banking or Mobile Banking App: Access your bank’s online platform or app.
3. Add a Beneficiary: Most systems require you to add the recipient as a “beneficiary” or “payee” first.
   • Go to the “Funds Transfer” or “Payments” section.
   • Select “Add Beneficiary” or “Add Payee.”
   • Enter the beneficiary’s name, account number, and confirm the account number.
   • Enter the IFSC code (e.g., PUNB0MBGB06 for NEMDARGANJ branch). The system will usually auto-fill the bank and branch name once you enter a valid IFSC.
   • Confirm the details and proceed. Your bank might send an OTP (One-Time Password) to your registered mobile number for verification.
4. Initiate the Fund Transfer: Once the beneficiary is added (which might take a few hours for some banks for security reasons), you can initiate the transfer.
   • Select the beneficiary from your list.
   • Enter the amount you wish to send.
   • Choose the type of transfer: NEFT, RTGS, or IMPS.
     • NEFT (National Electronic Funds Transfer): Good for transfers of any amount, processed in batches during banking hours.
     • RTGS (Real-Time Gross Settlement): Used for large value transactions (usually above ₹2 lakh), processed continuously in real-time.
     • IMPS (Immediate Payment Service): Allows instant transfers 24/7, even on holidays, for smaller amounts.
   • Confirm the details and authorize the transaction, typically with a transaction password or OTP.

Always double-check all details, especially the account number and IFSC code, before confirming a transfer to avoid sending money to the wrong person.

Benefits

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

• Ensures Accurate Transfers: It guarantees that your money reaches the exact intended bank branch.
• Facilitates Electronic Payments: Essential for using modern, fast payment methods like NEFT, RTGS, and IMPS.
• Reduces Errors: Minimizes the risk of funds being transferred to an incorrect account or getting stuck due to wrong routing information.
• Increases Transaction Speed: Helps banks process electronic transfers quickly and efficiently.
• Improves Security: Acts as a crucial layer of security, verifying the destination branch for every transaction.

Contact

If you need to contact the Bihar Gramin Bank NEMDARGANJ branch or its head office, here are the details:

• NEMDARGANJ Branch Phone Number: 9771464295
• NEMDARGANJ Branch Address: NEMDARGANJ, Nawada, 805121, 9771464295
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank): 18001807777 (Since Bihar Gramin Bank is sponsored by PNB, this toll-free number can often assist with general inquiries.)

FAQs

Q1: What is the full form of IFSC?
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 required for all bank transactions?
A2: No, it is specifically required for electronic fund transfers like NEFT, RTGS, and IMPS. For cash deposits or withdrawals at a branch, or for transactions within the same bank using internal transfer methods, you generally do not need the IFSC code.

Q3: Can I use an old IFSC code for a Bihar Gramin Bank branch if it belonged to UBGB or DBGB before the merger?
A3: No, you cannot. All old IFSC codes from Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked after their merger into Bihar Gramin Bank. You must use the new, unified IFSC codes, which start with “PUNB” and are linked to Punjab National Bank, like PUNB0MBGB06.

Q4: What happens if I enter an incorrect IFSC code during a transaction?
A4: If the IFSC code is incorrect but the account number matches another valid account, the money might be transferred to the wrong person. If the IFSC code is invalid or does not match the account details, the transaction will usually fail, and your bank will inform you of the error. It’s crucial to always verify both the IFSC and account number before initiating a transfer.

Q5: How can I find the IFSC code for a different Bihar Gramin Bank branch?
A5: You can typically find the IFSC code on the bank’s official website, on your passbook or chequebook, or by using online IFSC finder tools. Always ensure you get the information from a reliable source.