Bihar Gramin Bank Prataptand IFSC Code

You’re looking for details about the Bihar Gramin Bank branch in Prataptand, especially its IFSC code, which is essential for any digital money transfer. This branch is located in Prataptand, a part of the Vaishali district in Bihar. Knowing the correct Indian Financial System Code (IFSC) is crucial for making secure and swift online transactions, whether you’re sending money via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service). It ensures your funds reach the right bank and the correct branch without any delays or errors.

Branch Details Table

Here are the key details for the Bihar Gramin Bank, Prataptand branch:

Bank Name	Bihar Gramin Bank
Branch Name	Prataptand
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100049
Branch Address	Prataptand, VAISHALI, 844123, 9297954184
Contact Number	9297954184
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844123
State	Bihar

Merger Update

Bihar Gramin Bank operates as a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). Over time, several regional rural banks in Bihar have undergone mergers to streamline operations and provide better service. This includes banks that previously served regions now covered by Bihar Gramin Bank, such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB).

Following these consolidations, the unified entity now uses a single, standardized IFSC code structure. Specifically, for transactions with branches that were formerly part of Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), they now use the IFSC code PUNB0MBGB06, which is common for many branches under the umbrella of Bihar Gramin Bank, sponsored by Punjab National Bank.

It is very important to note that any old IFSC codes previously used by UBGB or DBGB branches have been revoked. For any financial transactions, you must only use the new, valid IFSC code PUNB0MBGB06 to ensure your funds are transferred correctly and without issues.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify each bank branch participating in online money transfers. Think of it as a unique digital address for a bank branch.

The 11 characters are structured in a specific way:

• The first four characters represent the bank name. For our example, PUNB stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters uniquely identify the specific bank branch. In PUNB0MBGB06, MBGB06 refers to a particular branch of Bihar Gramin Bank.

This standardized format helps in quickly and accurately routing funds to the correct bank and branch across the country.

How to Use the IFSC Code

You will need the IFSC code whenever you perform an online fund transfer using services like NEFT, RTGS, or IMPS. Here’s a general step-by-step guide:

1. Log in to your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select Fund Transfer Option: Look for options like “Transfer Funds,” “Send Money,” or “Payments.”
3. Add Beneficiary (if not already added): If you’re sending money to a new recipient, you’ll need to add them as a beneficiary. This typically requires:
   • Beneficiary’s Name
   • Beneficiary’s Account Number (you might need to enter it twice for confirmation)
   • Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary’s Bank Branch Name (e.g., Prataptand)
   • Beneficiary’s IFSC Code (PUNB0MBGB06 for the Prataptand branch)
4. Select Transfer Type: Choose whether you want to use NEFT, RTGS, or IMPS.
   • NEFT (National Electronic Funds Transfer): Suitable for transfers of any amount. Transactions are processed in batches during specific hours.
   • RTGS (Real Time Gross Settlement): Ideal for large-value transactions (typically above ₹2 lakh). Funds are settled individually and in real-time.
   • IMPS (Immediate Payment Service): Allows instant, 24/7 fund transfers, even on holidays, for relatively smaller amounts.
5. Enter Amount and Remarks: Specify the amount you wish to transfer and add any relevant remarks.
6. Confirm and Authorize: Review all the details carefully, especially the IFSC code and account number. Confirm the transaction, usually by entering an OTP (One Time Password) or transaction PIN.

Always double-check the IFSC code along with the account number to prevent any errors, as funds transferred to an incorrect account due to a wrong IFSC code can be difficult to recover.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code at hand offers several advantages:

• Error-Free Transfers: It ensures that your money reaches the exact intended bank branch, minimizing the risk of funds being sent to the wrong account.
• Faster Processing: With the correct IFSC, banks can quickly identify the destination branch, leading to quicker processing of NEFT, RTGS, and IMPS transactions.
• Security: The unique code adds a layer of security, as it precisely routes funds within the banking system, reducing chances of fraud related to misdirection.
• Convenience: It simplifies online banking, allowing you to initiate transfers from anywhere, anytime, without needing to visit a physical bank branch.
• Compliance: The use of IFSC codes is mandated by the RBI for electronic fund transfers, ensuring that all online transactions adhere to banking regulations.

Contact Information

• Branch Phone Number: 9297954184
• Branch Address: Prataptand, VAISHALI, 844123, 9297954184
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank/Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the full form of IFSC?
A1: IFSC stands for Indian Financial System Code. It’s a unique code used for electronic fund transfers in India.

Q2: Is the IFSC code unique for every bank branch?
A2: Yes, each bank branch participating in NEFT, RTGS, and IMPS has its own unique 11-character IFSC code. No two branches will have the same IFSC.

Q3: What happens if I use an old or incorrect IFSC code?
A3: If you use an old or incorrect IFSC code, your transaction will likely fail and be returned to your account. In some rare cases, if the incorrect code belongs to another valid branch, the funds might go to the wrong recipient, which can be very difficult to recover. Always verify the code before confirming a transfer.

Q4: Can I find the IFSC code offline?
A4: Yes, the IFSC code is usually printed on your bank’s cheque book. You can also get it by calling your bank’s customer service or visiting the branch directly.

Q5: Is an IFSC code required for cash deposits at the branch?
A5: No, an IFSC code is specifically for online electronic fund transfers (NEFT, RTGS, IMPS). You do not need an IFSC code for cash deposits or withdrawals directly at a bank branch counter.