Bihar Gramin Bank PHUL DIH IFSC Code

The Bihar Gramin Bank branch at PHUL DIH is a key financial touchpoint for residents in the Nawada district, Bihar. When you need to transfer money electronically, whether it’s for paying bills, sending funds to family, or handling business transactions, understanding the Indian Financial System Code (IFSC) is essential. This unique code is crucial for ensuring your funds reach the correct recipient quickly and securely through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Bihar Gramin Bank PHUL DIH Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	PHUL DIH
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6926
Branch Address	PHUL DIH, Nawada, 805106, 7091596926
Contact Number	7091596926
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805106
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank is a Regional Rural Bank (RRB) that plays an important role in rural banking in Bihar. It was formed through the merger of two earlier banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger consolidated their operations, bringing them under a single, unified entity sponsored by Punjab National Bank.

Because of this merger, all branches of the former Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank now operate under the Bihar Gramin Bank. As a result, they use a new, standardized IFSC code series. For branches like PHUL DIH, the valid IFSC code is PUNB0MBGB06. It’s crucial to understand that any old IFSC codes previously associated with UBGB or DBGB are no longer valid for fund transfers. You must always use the new, active IFSC code PUNB0MBGB06 for all your NEFT, RTGS, and IMPS transactions to ensure they are processed correctly.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character code unique to each bank branch in India. It’s like a digital address that helps identify the specific branch involved in an electronic money transfer. Understanding its structure can be helpful:

• First 4 Characters: These letters represent the bank’s name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• Fifth Character: This character is always a “0” (zero). It’s kept as a control character for future use.
• Last 6 Characters: These digits uniquely identify the specific bank branch. In the case of PUNB0MBGB06, “MBGB06” points to a particular branch code within the Bihar Gramin Bank system.

This unique combination ensures that your money transfer goes to the exact branch and account you intend.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you’re setting up an electronic fund transfer. Here’s a general guide for NEFT, RTGS, and IMPS:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank account online or through your mobile banking application.
2. Navigate to Fund Transfer Section: Look for options like “Fund Transfer,” “Send Money,” or “Payments.”
3. Add a New Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a new beneficiary (recipient).
4. Enter Beneficiary Details: You will be prompted to enter several details for the recipient:
   • Beneficiary Name
   • Beneficiary Account Number (confirm this carefully, often twice)
   • Bank Name (e.g., Bihar Gramin Bank)
   • IFSC Code (PUNB0MBGB06 for PHUL DIH branch)
   • Account Type (Savings, Current, etc.)
5. Verify and Confirm: Double-check all the entered details, especially the account number and IFSC code, to prevent errors.
6. Select Transfer Type and Amount: Choose NEFT, RTGS, or IMPS based on your urgency and the amount. Enter the amount you wish to transfer.
7. Complete the Transaction: Authorize the transaction, usually with an OTP (One-Time Password) or transaction PIN.

For transfers done at a physical bank branch, you would fill out a NEFT/RTGS form, providing these same details to the bank teller.

Benefits of Knowing Your IFSC Code

Having easy access to the correct IFSC code for your bank branch offers several advantages:

• Seamless Fund Transfers: It enables quick and accurate electronic transfers (NEFT, RTGS, IMPS) directly to your account.
• Error Prevention: Reduces the chance of sending money to the wrong bank or branch, which can be difficult to reverse.
• Receiving Payments: Others can easily send money to your account when you provide them with your correct IFSC and account number.
• Online Transactions: Many online payment platforms and services require an IFSC code for bank transfers, making it essential for various digital transactions.
• Banking Convenience: Speeds up processes when dealing with government payments, salary credits, or other financial services that involve direct bank transfers.

Contact Information

For any queries related to your account or transactions at the Bihar Gramin Bank PHUL DIH branch, you can use the following contact details:

• Branch Phone Number: 7091596926
• Branch Address: PHUL DIH, Nawada, 805106, 7091596926

For broader inquiries or issues that might require higher assistance, you can contact the Head Office of Bihar Gramin Bank:

• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What happens if I use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?

A: If you attempt to use an old IFSC code from either UBGB or DBGB, your transaction will likely fail. The banking system will not recognize the old code as valid for the merged Bihar Gramin Bank. It’s crucial to always use the current IFSC code, such as PUNB0MBGB06 for the PHUL DIH branch, to ensure your funds are transferred successfully.

Q2: Is the MICR code also important for bank transfers?

A: The MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. It’s found at the bottom of cheque leaves. While essential for cheque clearing, it is generally not required for electronic fund transfers like NEFT, RTGS, or IMPS, where the IFSC code is the key identifier.

Q3: How can I confirm the correct IFSC code for another Bihar Gramin Bank branch?

A: You can confirm the correct IFSC code by checking the bank’s official website, using reliable third-party financial portals, referring to your passbook, or contacting the specific branch directly. Always cross-reference to ensure accuracy before making a transaction.

Q4: Can I transfer money without an IFSC code?

A: For electronic fund transfers (NEFT, RTGS, IMPS) within India, an IFSC code is mandatory. It’s the unique identifier that directs your money to the correct bank and branch. Without it, these types of transfers cannot be processed.

Q5: What is the main difference between NEFT and RTGS?

A: NEFT processes transactions in batches, meaning there might be a slight delay as funds are settled periodically throughout the day. RTGS, on the other hand, processes transactions individually and continuously, meaning transfers are completed in real-time. RTGS is typically used for high-value transactions, while NEFT handles a broader range of amounts.