Bihar Gramin Bank PARAIYA IFSC Code

PARAIYA is a branch of Bihar Gramin Bank located in Gaya district, Bihar (Pincode 824209). This branch serves local residents and businesses for deposits, withdrawals, and remittances. For electronic fund transfers — NEFT, RTGS and IMPS — the branch IFSC is essential. The IFSC routes the payment to the correct bank and branch. Entering the correct IFSC plus the beneficiary account number ensures the transfer reaches the intended account quickly and securely.

Branch Details

Merger Update

The rural banking structure in Bihar has changed: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were reorganised under Punjab National Bank. Both banks now operate under a unified arrangement and use the single IFSC code PUNB0MBGB06 for electronic transfers. Old IFSC codes originally issued to UBGB or DBGB have been revoked. For NEFT, RTGS or IMPS transactions, use only the new IFSC PUNB0MBGB06. If you see an older UBGB/DBGB IFSC, do not use it; confirm with the beneficiary or the branch first.

What is an IFSC Code?

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

• First 4 characters — bank identifier (for example, PUNB = Punjab National Bank).
• 5th character — always zero (0), reserved for future use.
• Last 6 characters — branch identifier (alphanumeric), unique to the branch. In PUNB0MBGB06, the last six characters identify the PARAIYA branch.

How to Use IFSC Code (NEFT, RTGS, IMPS)

• Collect the beneficiary’s exact account name and account number. Ask for the IFSC from a recent cheque leaf, passbook, or the beneficiary directly.
• Log in to your bank’s netbanking portal or mobile app. Or visit your home branch if you prefer a physical form.
• Choose the transfer type: IMPS for instant small-value 24×7 transfers, NEFT for routine electronic transfers, or RTGS for high-value transfers. (Check your bank for RTGS minimum and limits.)
• Enter beneficiary name, account number and IFSC code PUNB0MBGB06 for PARAIYA if the recipient bank details match.
• Enter amount, remarks and select debit account if you have multiple accounts.
• Verify details on screen. Banks typically display bank and branch name after you enter IFSC. Confirm this matches the beneficiary branch.
• Authenticate the payment with your bank’s security method (OTP, token, or SMS PIN).
• Save or note the transaction reference for tracking. NEFT/RTGS/IMPS confirmations include a reference number for reconciliation.

Benefits of Knowing the IFSC

• Ensures accurate routing of electronic payments to the correct branch.
• Reduces delays and failed transactions caused by incorrect branch codes.
• Required field for NEFT, RTGS and IMPS transfers and for linking bank accounts in some apps.
• Makes reconciliation easier for businesses — the IFSC pinpoints the receiving branch.
• Useful when filling deposit slips, ECS mandates, or receiving inward remittances from outside India (correspondent bank routing).

Contact

Branch Phone: 9771464257
Branch Address: PARAIYA, Gaya, 824209
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free: 18001807777

FAQs

• Q: Where can I verify the correct IFSC for PARAIYA branch?

  A: Check the branch cheque book or passbook, call the branch at 9771464257, or confirm with the beneficiary. Since UBGB/DBGB codes were revoked, use PUNB0MBGB06 for electronic transfers.

• Q: What happens if I enter a wrong IFSC but correct account number?

  A: The IFSC directs the payment to a specific branch. If the IFSC points to a different branch, banks may not find the account and the transaction can fail or return. In rare cases, if an account with the same number exists at the pointed branch, funds may misroute. Always double-check both IFSC and account number.

• Q: Is IFSC the same as MICR?

  A: No. IFSC (11 characters) is for electronic fund transfers. MICR (9 digits) is used for cheque-clearing in the banking system. Both appear on cheque leaves and in branch records, but they serve different systems.

• Q: Can I use the IFSC for NEFT, RTGS and IMPS at any time?

  A: Yes. NEFT, RTGS and IMPS are available 24×7 in current practice. Still, banks may apply different processing rules or limits. Confirm any charge or limit with your bank before initiating large transfers.

• Q: After the UBGB/DBGB merger, do I need to update the beneficiary details I already saved?

  A: If you previously saved an old UBGB or DBGB IFSC, update it to PUNB0MBGB06. Confirm the beneficiary’s account details before you transfer. Old IFSCs are no longer valid for electronic transfers.

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.