Bihar Gramin Bank PANARI IFSC Code

Panari is a village/town in Gaya district, Bihar (PIN 824233). The Bihar Gramin Bank branch at Panari serves local residents for deposits, withdrawals, and remittances. For electronic fund transfers such as NEFT, RTGS and IMPS, the correct IFSC code is essential. The IFSC uniquely identifies the bank and branch so funds route to the right account without delay or reversal.

Branch Details

Merger Update

Note on regional bank reorganisations: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were earlier distinct sponsor-based RRBs. These state-level regional rural banks have been reorganised so branches now operate under a unified IFSC code published as PUNB0MBGB06 under Punjab National Bank’s identification. Old UBGB/DBGB IFSC codes have been revoked. For any NEFT, RTGS or IMPS transaction, use only the current IFSC PUNB0MBGB06. Transactions attempted with revoked IFSCs will fail or be returned.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify bank branches in electronic payments. The structure:

• First 4 characters = bank identifier (example: PUNB = Punjab National Bank).
• 5th character = reserved and is always 0.
• Last 6 characters = branch identifier (example: MBGB06 in PUNB0MBGB06).

Note: The bank’s internal numeric branch code (shown above as 7255) can differ from the string used in the last six characters of the IFSC. Both are valid identifiers for different operational systems.

How to Use IFSC Code for NEFT, RTGS, IMPS

• Open your bank’s netbanking or mobile banking app and choose the transfer type: NEFT, RTGS or IMPS. (NEFT: usually for low-to-medium amounts, RTGS: high-value real-time, IMPS: instant 24×7 for smaller amounts.)
• Select “Add Beneficiary” or “New Payee”. Enter beneficiary name and account number exactly as held at Bihar Gramin Bank, Panari.
• Enter the IFSC code: PUNB0MBGB06. Confirm the code matches the displayed bank and branch name before saving.
• Save the beneficiary. Many banks require beneficiary approval or a waiting period (minutes to hours) for security.
• Initiate the transfer: select the saved beneficiary, enter amount and purpose, and confirm using OTP/transaction password.
• Keep the transaction reference/UTR for tracking. For failed or returned transactions, provide the UTR to the bank.

Benefits of Knowing the IFSC

• Ensures funds reach the correct branch and account without manual intervention.
• Speeds up electronic transfers (NEFT, RTGS, IMPS) and reduces rejections.
• Makes it easy to add beneficiaries in online banking or payment apps.
• Helps customer support locate transactions using the UTR and IFSC.
• Required for receiving salaries, government payments, and vendor remittances.

Contact

Branch phone: 9771464255
Branch address: PANARI, Gaya, 824233
Head office address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free: 18001807777

FAQs

Q: Is PUNB0MBGB06 valid for all types of transfers?
A: Yes. Use PUNB0MBGB06 for NEFT, RTGS and IMPS transfers to the Bihar Gramin Bank, Panari branch. Always confirm the IFSC and account number before sending money.

Q: What if I enter an incorrect IFSC?
A: If the IFSC points to a different branch, the transfer can be credited to the wrong branch/account or returned. If the IFSC is invalid, the transaction will usually be rejected. Keep the UTR and contact your bank immediately.

Q: Why does the IFSC show letters but the branch code is a number (7255)?
A: The IFSC’s last 6 characters are an alphanumeric branch identifier used by the payment network. The numeric branch code (7255) is often used internally by the bank. Both identify the branch in different systems.

Q: Have UBGB/DBGB IFSCs been changed?
A: Yes. Old UBGB and DBGB IFSCs have been revoked following consolidation. Use the unified IFSC PUNB0MBGB06 for current transactions. Using revoked codes will cause failure or returns.

Q: How long do NEFT, RTGS and IMPS transfers take?
A: IMPS is instant (seconds). NEFT processes in hourly batches or near-real time depending on the bank’s system; many banks now offer near-instant NEFT. RTGS is real-time for high-value transfers and settles immediately during RTGS hours. Delays can occur due to incorrect details or bank holds.

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.