Bihar Gramin Bank PADMOUL IFSC Code

When you need to send money electronically to the Bihar Gramin Bank branch in PADMOUL, Nawada, understanding the IFSC code is key. This unique code is essential for secure and accurate fund transfers through systems like NEFT, RTGS, and IMPS. It ensures your money reaches the correct bank and branch without any issues, acting like a digital address for financial transactions.

Branch Details

Merger Update

Bihar Gramin Bank came into existence after the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation means that all branches, including PADMOUL, now operate under a single, unified IFSC code structure. The new IFSC code for Bihar Gramin Bank branches, like PADMOUL, is PUNB0MBGB06. It is important to note that any old IFSC codes previously used for UBGB or DBGB branches are no longer valid. For any fund transfers, only this new IFSC code will work. Punjab National Bank sponsors Bihar Gramin Bank, which is reflected in the IFSC code.

What is IFSC Code?

The Indian Financial System Code, or IFSC, is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in online money transfers. Understanding its structure can be helpful. The first four characters indicate the bank name. For Bihar Gramin Bank, under the sponsorship of Punjab National Bank, these characters are PUNB. The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit. The last six characters identify the specific bank branch. In our case, for the PADMOUL branch, these are MBGB06. So, PUNB0MBGB06 clearly points to the Bihar Gramin Bank, PADMOUL branch.

How to Use IFSC Code

Using the IFSC code correctly is vital for smooth money transfers. Here is how you typically use it for various electronic payment systems:

• For NEFT (National Electronic Funds Transfer): When initiating a NEFT transaction, you will need the beneficiary’s bank account number, their name, and the correct IFSC code. Enter PUNB0MBGB06 for the PADMOUL branch. NEFT transactions are processed in batches.

• For RTGS (Real Time Gross Settlement): RTGS is for larger value transactions that need immediate processing. Similar to NEFT, you provide the beneficiary’s account details and the IFSC code PUNB0MBGB06. The system clears funds individually and continuously.

• For IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers using a mobile number and MMID, or account number and IFSC code. If using the account number method, input PUNB0MBGB06. The transfer is completed instantly.

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

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, PADMOUL branch, offers several important benefits:

• It ensures your money goes to the right bank and the exact branch.
• It makes electronic fund transfers (NEFT, RTGS, IMPS) quick and efficient.
• It helps prevent delays or failures in transactions due to incorrect routing.
• It adds a layer of security by uniquely identifying the destination branch.
• It is mandatory for setting up online banking beneficiary details.

Contact Information

If you need to get in touch with Bihar Gramin Bank, PADMOUL branch, or the bank’s head office, here are the contact details:

• PADMOUL Branch Contact Number: 7091596929
• PADMOUL Branch Address: PADMOUL, Nawada, 805122, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Service Number: 18001807777

Frequently Asked Questions

Here are some common questions about Bihar Gramin Bank’s PADMOUL branch IFSC code:

1. What is the IFSC code for Bihar Gramin Bank PADMOUL branch?

   The IFSC code for Bihar Gramin Bank, PADMOUL branch, is PUNB0MBGB06. This code is crucial for all electronic fund transfers.

2. Is the old IFSC code for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank still valid for PADMOUL?

   No, the old IFSC codes for Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) are no longer valid. Following the merger, all branches, including PADMOUL, use the unified IFSC code PUNB0MBGB06.

3. Can I use this IFSC code for both NEFT and RTGS transactions?

   Yes, the IFSC code PUNB0MBGB06 is valid and required for both NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) transactions to the PADMOUL branch.

4. What does ‘PUNB’ signify in the IFSC code PUNB0MBGB06?

   ‘PUNB’ stands for Punjab National Bank. This indicates that Punjab National Bank is the sponsor bank for Bihar Gramin Bank.

5. Where can I find the branch address and contact number for PADMOUL branch?

   The PADMOUL branch address is PADMOUL, Nawada, 805122, Bihar. You can contact the branch directly at 7091596929 for assistance.

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.