Bihar Gramin Bank PURANDARPUR IFSC Code

If you need to send or receive money from the Bihar Gramin Bank branch in PURANDARPUR, Nalanda, understanding the Indian Financial System Code (IFSC) is very important. This unique code acts like an electronic address for the bank branch, making sure your money goes to the correct place. Whether you’re making a transfer through NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC code is essential for processing the transaction smoothly and securely.

Bihar Gramin Bank PURANDARPUR Branch Details

Here are the key details for the Bihar Gramin Bank branch located in PURANDARPUR, Nalanda:

Bank Name	Bihar Gramin Bank
Branch Name	PURANDARPUR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7484
Branch Address	PURANDARPUR, Nalanda, 801301, 7781004484
Contact Number	7781004484
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	801301
State	Bihar

Important Merger Update for Bihar Gramin Bank

Bihar Gramin Bank is a Regional Rural Bank that operates under the sponsorship of Punjab National Bank (PNB). This bank was formed as a result of a significant merger. Previously, there were two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks merged to become Bihar Gramin Bank. Because of this merger, all branches of the new Bihar Gramin Bank now use a single series of IFSC codes that start with PUNB0, followed by an identifier like MBGB and then the unique branch code. For example, the PURANDARPUR branch uses PUNB0MBGB06.

It’s very important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. Always use the new IFSC code, like PUNB0MBGB06, for all your fund transfers to Bihar Gramin Bank branches, including the PURANDARPUR branch.

What is an IFSC Code?

The IFSC code stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in online money transfers. Think of it as a specific address for a bank branch in the digital world. The structure of the IFSC code is quite standard:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, since it’s sponsored by Punjab National Bank, the code starts with PUNB.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use and helps maintain the standard 11-character length.
• The last six characters uniquely identify the specific bank branch. In the case of PURANDARPUR branch, these characters are MBGB06. So, the full IFSC code is PUNB0MBGB06.

This unique code ensures that when you send money, it reaches the exact beneficiary account in the correct branch of the correct bank, preventing errors and delays.

How to Use an IFSC Code for Fund Transfers

Using the IFSC code for transferring money is straightforward whether you’re using NEFT, RTGS, or IMPS. Here are the general steps:

1. Log in to Your Online Banking or Mobile Banking App: Access your bank’s platform where you initiate fund transfers.
2. Select the Type of Transfer: Choose NEFT, RTGS, or IMPS, depending on the amount and urgency of your transfer. IMPS is for instant transfers, NEFT usually processes in batches, and RTGS is for large-value, real-time transfers.
3. Add a New Beneficiary: If you haven’t sent money to this person before, you’ll need to add them as a new beneficiary.
4. Enter Beneficiary Details: You will need to provide the following information:
   • Beneficiary Name: The full name of the person or entity receiving the money.
   • Beneficiary Account Number: The account number of the recipient. Double-check this carefully.
   • Confirm Account Number: Re-enter the account number to ensure accuracy.
   • Beneficiary Bank Name: Bihar Gramin Bank.
   • Beneficiary Branch Name: PURANDARPUR.
   • IFSC Code: Enter PUNB0MBGB06 for the PURANDARPUR branch.
5. Enter the Amount: Specify how much money you wish to transfer.
6. Review and Confirm: Carefully review all the details you’ve entered. Any mistake in the account number or IFSC code could lead to the money being sent to the wrong person or getting stuck.
7. Authorize the Transaction: Use your password, OTP (One Time Password), or other security credentials to complete the transfer.

For example, if you want to send money to Mr. Raj Kumar, who has an account at the PURANDARPUR branch of Bihar Gramin Bank, you would input “Bihar Gramin Bank” as the beneficiary bank, “PURANDARPUR” as the branch, and “PUNB0MBGB06” as the IFSC code, along with his account number and name.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Accurate Fund Transfers: It guarantees that your money is routed to the exact bank and branch specified, reducing the chances of errors.
• Faster Processing: Correct IFSC codes enable quicker processing of electronic fund transfers, especially for NEFT and RTGS.
• Prevents Transaction Failures: Incorrect or missing IFSC codes are common reasons for failed or delayed bank transfers.
• Essential for Online Banking: If you use internet banking or mobile banking apps, the IFSC code is a mandatory field for initiating most online money transfers.
• Used for Various Financial Transactions: Beyond simple fund transfers, the IFSC code is often required for setting up mandates, e-bill payments, and other financial services that involve inter-bank transactions.

Contact Information for Bihar Gramin Bank

For any inquiries or assistance related to the PURANDARPUR branch or general bank services, you can use the following contact details:

• PURANDARPUR Branch Phone Number: 7781004484
• PURANDARPUR Branch Address: PURANDARPUR, Nalanda, 801301
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about Bihar Gramin Bank and its IFSC codes:

Q1: Is Bihar Gramin Bank a government bank?
A1: Yes, Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are government-owned scheduled commercial banks that primarily serve rural areas. They are jointly owned by the Government of India, the respective State Government, and a Sponsor Bank (in this case, Punjab National Bank).

Q2: What is the MICR code for Bihar Gramin Bank, PURANDARPUR branch?
A2: The MICR (Magnetic Ink Character Recognition) code for the PURANDARPUR branch is 800811002. This code is found on cheque leaves and is used mainly for processing cheques.

Q3: Can I use an old IFSC code for transactions with Bihar Gramin Bank?
A3: No, you should not use any old IFSC codes from former Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB). Due to the merger, all branches of Bihar Gramin Bank now use a new series of IFSC codes, starting with PUNB0. Always use the current and valid IFSC code, like PUNB0MBGB06 for PURANDARPUR.

Q4: How can I find the IFSC code for another branch of Bihar Gramin Bank?
A4: You can find IFSC codes on the official website of Bihar Gramin Bank or Punjab National Bank (the sponsor bank). Many reliable third-party financial websites also list these codes. You can also contact the bank’s customer service or visit a branch for assistance.

Q5: What is the main difference between NEFT and RTGS?
A5: NEFT (National Electronic Funds Transfer) processes transactions in batches, meaning there might be a slight delay from the time you initiate the transfer to when the beneficiary receives it. RTGS (Real-Time Gross Settlement), on the other hand, processes transfers individually and continuously throughout the working day, making it suitable for high-value transactions that need to be settled immediately. IMPS (Immediate Payment Service) offers instant, 24/7 transfers, typically for smaller amounts.