Bihar Gramin Bank OIYAW IFSC Code

In the heart of Nalanda district, Bihar, lies the OIYAW branch of Bihar Gramin Bank. For anyone needing to send or receive money through modern banking channels like NEFT, RTGS, or IMPS, understanding the Indian Financial System Code (IFSC) for this specific branch is crucial. This unique code acts like a digital address, ensuring your funds reach the correct recipient bank and branch quickly and securely. Without the right IFSC, these electronic fund transfers simply cannot be completed.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	OIYAW
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7184
Branch Address	OIYAW, Nalanda, 805105, 9771464184
Contact Number	9771464184
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	805105
State	Bihar

Merger Update

Bihar Gramin Bank, under which the OIYAW branch operates, is the result of several mergers of Regional Rural Banks (RRBs) in Bihar. This includes consolidations involving entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), among others. These banks have been brought under a unified structure, with Punjab National Bank now acting as the main sponsor bank. As a direct result of these significant mergers and consolidations, a new, streamlined IFSC code system has been put into place for all branches.

It is crucial to understand that any old IFSC codes previously associated with former entities like Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), or other predecessor banks that are now part of Bihar Gramin Bank, are completely revoked and no longer valid. For all your financial transactions involving the Bihar Gramin Bank OIYAW branch, only the new IFSC code, PUNB0MBGB06, must be used. Attempting to use an outdated or incorrect code will cause your transaction to fail, leading to delays and inconvenience. Always ensure you are using the most current IFSC for accurate transfers.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies every bank branch in India participating in electronic funds transfer. It’s essential for online transactions like NEFT, RTGS, and IMPS.

The 11 characters are structured in a specific way:

• The first four characters are alphabetic and represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank (the sponsor bank).
• The fifth character is always a ‘0’ (zero). This is reserved for future use, such as for internal bank codes.
• The last six characters are alphanumeric and identify the specific branch. In our example, “MBGB06” points to the OIYAW branch under the broader Bihar Gramin Bank umbrella, sponsored by PNB.

This unique structure ensures that money is routed to the exact branch intended, minimizing errors in digital transactions.

How to Use an IFSC Code

Using an IFSC code is straightforward once you understand where it fits into your electronic fund transfer process. Whether you’re making a payment via NEFT, RTGS, or IMPS, the steps are quite similar:

For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement):

1. Log in to your bank’s internet banking portal or mobile banking app.
2. Navigate to the “Fund Transfer” or “Payments” section.
3. Select “Add Beneficiary” or “Manage Payee” if you haven’t added the recipient before.
4. Enter the recipient’s details: their name, account number, and the bank branch’s IFSC code (PUNB0MBGB06 for OIYAW branch).
5. Confirm the details carefully to ensure accuracy.
6. Once the beneficiary is added (or if already added), choose them from your list.
7. Enter the amount you wish to transfer and select NEFT or RTGS based on the amount and urgency.
8. Confirm the transaction with your password or OTP.

For IMPS (Immediate Payment Service):

1. Log in to your mobile banking app.
2. Select “IMPS Transfer” or “Immediate Payment Service.”
3. You will typically be asked for the recipient’s account number and IFSC code (PUNB0MBGB06). Some apps might also allow transfer using just the recipient’s mobile number and MMID (Mobile Money Identifier).
4. Enter the amount you want to send.
5. Review all details and confirm the transaction.

Always double-check the IFSC code and account number before initiating any transfer to avoid sending money to the wrong account.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, OIYAW branch, offers several key advantages for your financial transactions:

• Accuracy: It ensures your money goes to the exact branch and account, minimizing the risk of funds being misdirected.
• Speed: It facilitates quick processing of electronic transfers (NEFT, RTGS, IMPS), allowing funds to reach the recipient’s account faster.
• Security: By uniquely identifying each branch, it adds a layer of security, reducing fraud risks associated with manual processing.
• Mandatory Requirement: It is a compulsory detail for initiating any online fund transfer to other banks within India. You cannot complete these transactions without it.
• Convenience: It allows you to make transfers from anywhere, anytime, using internet or mobile banking, without visiting a physical branch.

Contact Information

Should you need to reach out directly to the branch or the head office, here are the contact details:

Bihar Gramin Bank – OIYAW Branch:

Phone Number: 9771464184
Address: OIYAW, Nalanda, 805105, Bihar

Bihar Gramin Bank – Head Office:

Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll-Free Customer Service:

Toll-Free Number: 18001807777

FAQs

Q1: What is the full IFSC Code for Bihar Gramin Bank, OIYAW branch?
A1: The complete IFSC code for the Bihar Gramin Bank, OIYAW branch is PUNB0MBGB06.

Q2: Can I use an old IFSC code for Bihar Gramin Bank if I have one?
A2: No, you should not use any old IFSC codes. Due to mergers and consolidations, previous IFSC codes for predecessor banks are no longer valid. Always use the current code, PUNB0MBGB06, for the OIYAW branch to ensure your transaction is successful.

Q3: What does the ‘0’ in the fifth position of the IFSC code signify?
A3: The fifth character, always a ‘0’ (zero), is reserved for future use. It acts as a control character and helps distinguish the bank code from the branch code within the 11-character structure.

Q4: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A4: No, the IFSC code is unique for each individual bank branch. While the first few characters (PUNB0MBGB) might be common for many branches under Bihar Gramin Bank (sponsored by PNB), the last six alphanumeric characters differ to identify each specific branch, like “06” for OIYAW.

Q5: What is the main difference between an IFSC code and a MICR code?
A5: An IFSC code (Indian Financial System Code) is an 11-character code used for online fund transfers (NEFT, RTGS, IMPS). A MICR code (Magnetic Ink Character Recognition) is a 9-digit code, usually found at the bottom of a cheque leaf, used primarily for processing physical cheques. While both identify a bank branch, they serve different purposes in the banking system.