Bihar Gramin Bank PARSANWAN IFSC Code

The Bihar Gramin Bank branch at PARSANWAN is located in Gaya district, Bihar (pincode 823001). This IFSC code is essential when you send or receive funds using NEFT, RTGS or IMPS. Banks use the IFSC to route your transaction to the correct bank and branch. Entering the correct IFSC ensures funds reach the right account quickly and reduces the risk of failed or delayed transactions.

Branch Details

Merger Update

Important: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged and now operate under Punjab National Bank. All branches that previously used UBGB or DBGB IFSCs now use the single IFSC code PUNB0MBGB06 under Punjab National Bank. Old UBGB/DBGB IFSC codes have been revoked. For any fund transfer, use only the new IFSC PUNB0MBGB06; transactions sent to revoked IFSCs will fail or be delayed.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in electronic fund transfers. Its structure is fixed:

• First 4 characters: Bank identifier (letters). Example: PUNB = Punjab National Bank.
• 5th character: Always ‘0’ (reserved).
• Last 6 characters: Branch identifier (letters/numbers). Example: MBGB06 for the branch segment in PUNB0MBGB06.

How to Use the IFSC Code (NEFT / RTGS / IMPS)

Follow these steps when sending money:

• Obtain the recipient’s exact bank name, account number and IFSC. For this branch use PUNB0MBGB06.
• Log in to your bank’s internet banking, mobile app, or visit the branch. Choose NEFT, RTGS, or IMPS as required.
• Enter beneficiary name, account number and the IFSC. Double-check spelling and digits.
• Choose transfer type:
  • NEFT – no minimum; now generally available 24×7 for most banks.
  • RTGS – for large value transfers; standard minimum is Rs. 2,00,000 (check your bank for exact limit); many banks support RTGS 24×7.
  • IMPS – instant, 24×7, typically used for immediate smaller value transfers (limits vary by bank).
• Enter amount and purpose, then confirm. You may need to first add the beneficiary and wait for authorization (some banks have a cooling period for added beneficiaries).
• Save the transaction reference or UTR. Use it to track the payment if needed.
• If a transfer fails due to wrong IFSC, contact your bank with the UTR and details to initiate recovery.

Benefits of Knowing the IFSC

• Ensures funds are routed to the correct branch and account.
• Reduces failed transactions and delays.
• Required for online fund transfers (NEFT/RTGS/IMPS) and for receiving electronic credits like salaries or refunds.
• Makes beneficiary setup faster and more reliable in digital banking apps.
• Helps customer service identify and resolve transfer issues using the IFSC and UTR.

Contact

Branch Phone: 9523596888

Branch Address: PARSANWAN, Gaya, 823001

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

Toll free: 18001807777

FAQs

• Q: What if I enter the wrong IFSC while making a transfer?

  A: If the IFSC points to a non-existent branch or a revoked code, the transaction will likely fail and the amount will be credited back to your account. If the wrong IFSC still belongs to a valid branch, the funds may go to a different branch/account. Immediately contact your bank with the transaction UTR and details to start a trace and recovery.

• Q: Can I use the branch MICR code instead of IFSC?

  A: No. MICR is used mainly for cheque clearing. For NEFT/RTGS/IMPS you must use the IFSC.

• Q: Has the IFSC for PARSANWAN changed after the merger?

  A: After the merger of UBGB/DBGB into Punjab National Bank, the valid IFSC to use is PUNB0MBGB06. Old UBGB/DBGB IFSCs are revoked and should not be used.

• Q: How long does a transfer to this branch take?

  A: IMPS is instant (seconds). NEFT and RTGS are usually immediate or near-immediate with 24×7 availability for most banks; NEFT may settle instantly now that it runs round-the-clock, and RTGS typically processes immediately for amounts above the bank’s minimum. Actual time can vary with bank processing and verification requirements.

• Q: How can I verify the IFSC before sending money?

  A: Confirm with the beneficiary directly, check a recent bank statement or passbook for the IFSC, or call the branch at 9523596888. Always avoid relying on an unverified third party.

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.