The Punsia branch of Bihar Gramin Bank is located in the Banka district of Bihar. For anyone looking to send or receive money through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code is a prerequisite for all major online fund transfer methods in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code acts as a unique address, ensuring that your transaction is routed correctly to the specific branch without any errors.
Branch Details for Bihar Gramin Bank, Punsia
| Bank Name | Bihar Gramin Bank |
| Branch Name | Punsia |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | Punsia, Banka, 813102, 8102918764 |
| Contact Number | 8102918764 |
| City | Banka |
| District | Banka |
| Region | BHAGALPUR |
| Pincode | 813102 |
| State | Bihar |
Important Update on Bank Merger
It is important for all customers to know that Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been amalgamated. The new entity, sponsored by Punjab National Bank (PNB), operates under a unified system. As a result of this merger, all old IFSC codes previously assigned to UBGB and DBGB branches have been revoked and are no longer valid for transactions.
For any fund transfer to the Punsia branch, you must use the new, updated IFSC code: PUNB0MBGB06. Using an old code will result in a failed transaction.
What is an IFSC Code?
An IFSC code is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the NEFT system. The Reserve Bank of India (RBI) assigns these codes to ensure that electronic fund transfers are processed smoothly and accurately. The structure is consistent across all banks.
Let’s break down the Punsia branch IFSC code, PUNB0MBGB06:
- PUNB: The first four alphabetic characters represent the bank’s name. In this case, it signifies Punjab National Bank, the sponsor bank after the merger.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters represent the specific branch code. This part uniquely identifies the Punsia branch within the bank’s network.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for an online money transfer is a straightforward process. Whether you are using a mobile banking app or a web portal, the steps are generally the same.
- Log In: Access your internet banking account or mobile banking application.
- Add Beneficiary: Navigate to the ‘Fund Transfer’ or ‘Payments’ section and choose the option to ‘Add a Beneficiary’ or ‘Add a Payee’.
- Enter Details: You will need to provide the recipient’s account details, including their name, account number, and the branch’s IFSC code. For this branch, you would enter PUNB0MBGB06.
- Verify and Confirm: The banking system will typically verify the code and display the corresponding bank and branch name for you to confirm. Once you confirm the details, the beneficiary is added, usually after a short cooling period for security.
- Initiate Transfer: After the beneficiary is activated, you can transfer funds by selecting their name from your list and choosing your preferred transfer method (NEFT, RTGS, or IMPS).
Benefits of Using the Correct IFSC Code
- Transaction Accuracy: It ensures that your money is sent to the exact intended bank branch, eliminating the risk of it being misdirected.
- Error Prevention: The code helps prevent transfer failures that can occur due to incorrect branch information.
- Faster Processing: Automated systems use the IFSC code to route funds quickly and efficiently, speeding up settlement times.
- Enables Digital Payments: It is a fundamental requirement for participating in India’s key electronic payment networks like NEFT, RTGS, and IMPS.
Contact Information
For direct assistance or inquiries, you can reach out to the branch or the bank’s head office.
Branch Contact Details
Phone Number: 8102918764
Address: Punsia, Banka, Bihar – 813102
Head Office Address
Shri Vishnu Commercial Complex
Asochak, Patna – 800030, Bihar
Toll-Free Customer Care
1800-180-7777
Frequently Asked Questions
Can I still use my old Dakshin Bihar Gramin Bank IFSC code for transactions?
No. Following the merger, all old IFSC codes for both Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are invalid. You must use the new PNB-sponsored IFSC code, PUNB0MBGB06, for the Punsia branch.
What is the difference between an IFSC code and a MICR code?
The IFSC code is used for electronic fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found on the bottom of cheques, used primarily for processing physical cheques.
Is the IFSC code the same for all branches of Bihar Gramin Bank?
No. While the first four letters (PUNB) might be the same for all branches under the sponsor bank, the last six characters are unique to each specific branch. You cannot use the Punsia branch code for a transaction to another branch.
What might happen if I enter the wrong IFSC code?
If you enter an incorrect IFSC code, one of two things can happen. If the code does not exist, the transaction will be rejected and the money will be credited back to your account. If the code corresponds to another branch, the funds could be sent to the wrong branch, leading to delays and complications in recovery.
Where can I find the correct IFSC code for my branch?
You can find the correct IFSC code printed on a bank-issued cheque book, your account passbook, or by visiting the bank’s official website. It is always best to verify the code from an official source.
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.