Bihar Gramin Bank PARASI IFSC Code

Bihar Gramin Bank, PARASI branch is located in Parasi village, Arwal district, Bihar (PIN 824428). This branch uses the IFSC code PUNB0MBGB06 for electronic fund transfers. The IFSC code is essential for routing payments through NEFT, RTGS and IMPS. Entering the correct IFSC ensures money reaches the exact branch and account without delays or reversals.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	PARASI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7119
Branch Address	PARASI, Arwal, 824428, 9771464119
Contact Number	9771464119
City	Arwal
District	Arwal
Reason	AURANGABAD
Pincode	824428
State	Bihar

Merger Update

This branch falls under the banks that were reorganized into Bihar Gramin Bank. Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged and now operate under a single IFSC code issued by the sponsor bank, Punjab National Bank. The valid IFSC for the merged entity/branch is PUNB0MBGB06. Old IFSC codes that belonged to UBGB or DBGB have been revoked. Use only the new IFSC for NEFT, RTGS and IMPS transactions to avoid failed transfers.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to route electronic payments to specific bank branches in India.

• First 4 characters identify the bank. Example: PUNB = Punjab National Bank (sponsor).
• 5th character is always 0 (reserved for future use).
• Last 6 characters identify the specific branch. In PUNB0MBGB06, the last six characters uniquely point to the PARASI branch.

How to Use IFSC Code

Follow these steps when sending money via NEFT, RTGS or IMPS:

• Open your bank’s netbanking or mobile app. Choose fund transfer (NEFT/RTGS/IMPS) as available.
• Enter the beneficiary name exactly as on their account.
• Enter the beneficiary account number carefully.
• Enter the IFSC code PUNB0MBGB06. The system usually validates the code and shows the branch name. Confirm it reads PARASI or Bihar Gramin Bank, PARASI.
• Enter the transfer amount and any remarks you want to add.
• Verify details and authorize the payment using OTP or transaction password.
• Keep the transaction reference number until the beneficiary confirms receipt.

Note: NEFT settles in hourly or half-hourly batches depending on bank policy. RTGS settles in real time. IMPS is instant and available 24×7 for retail limits set by banks.

Benefits of Knowing the IFSC

• Ensures funds are routed to the exact branch and account.
• Reduces failed transactions and the need for manual intervention.
• Required for online transfers (NEFT, RTGS, IMPS) and for receiving salaries or refunds electronically.
• Helps banks validate the beneficiary branch automatically during payment entry.
• Combined with MICR, it helps clear physical cheques faster.

Contact

Branch Phone: 9771464119

Branch Address: PARASI, Arwal, 824428

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

Toll Free: 18001807777

FAQs

Q: Is PUNB0MBGB06 the only code I should use for PARASI branch?

A: Yes. After the merger, PUNB0MBGB06 is the valid IFSC for this branch. Old UBGB or DBGB IFSC codes are no longer valid for transactions.

Q: What happens if I enter the wrong IFSC?

A: If the IFSC does not match the account details, the transfer may be rejected or routed to a different branch. Rejected transfers are returned to the sender’s account, but this can take time to process. Always double-check the IFSC and account number before confirming payment.

Q: Should I use MICR code for online transfers?

A: No. MICR is used for cheque processing and clearing. For NEFT/RTGS/IMPS, use the IFSC. Keep the MICR handy when issuing or depositing cheques.

Q: How do I verify the IFSC before transferring?

A: Verify the IFSC shown by your bank’s beneficiary validation screen. Confirm the branch name (PARASI) and account holder name. If unsure, call the branch at 9771464119 or the head office toll-free number 18001807777.

Q: Can I receive IMPS transfers using this IFSC?

A: Yes. IMPS requires the beneficiary account number and IFSC. Use PUNB0MBGB06 and the exact account number to receive IMPS transfers to the PARASI branch.