Bihar Gramin Bank RAJGIR IFSC Code

Welcome to the essential guide for Bihar Gramin Bank’s RAJGIR branch. This branch is located in the historic town of Rajgir, within the Nalanda district of Bihar, with the pincode 803116. When you need to send money electronically to or from this branch, such as through National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the Indian Financial System Code (IFSC) is a crucial piece of information. It acts like a unique digital address, making sure your funds reach the correct bank and branch without any issues.

Branch Information

Bank Name	Bihar Gramin Bank
Branch Name	RAJGIR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7190
Branch Address	RAJGIR, Nalanda, 803116
Contact Number	9771464190
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803116
State	Bihar

Important Merger Update

There have been significant changes in the regional rural banking sector in Bihar. Previously, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated as separate entities. These banks have since merged and now function under a unified structure, with the oversight of Punjab National Bank (PNB) for many of its operations. It is important to note that if your account was with one of the former UBGB or DBGB branches, their old IFSC codes have been revoked.

For all electronic transactions involving the RAJGIR branch, or other branches under this updated structure, you must use the new and consistent IFSC code, which is PUNB0MBGB06. This ensures your electronic transfers are processed correctly and without delay through the PNB-sponsored system.

Understanding the IFSC Code

The IFSC Code, or Indian Financial System Code, is an 11-character code. It is used to identify every bank branch participating in online money transfers in India. Each character in the code serves a specific purpose:

• The first four characters are alphabetic. They represent the name of the bank. For example, “PUNB” stands for Punjab National Bank, which sponsors this specific bank.
• The fifth character is always a zero (0). This digit is kept as a control character for future use.
• The last six characters are alphanumeric. These uniquely identify a specific bank branch. For the RAJGIR branch of Bihar Gramin Bank, these last six characters are “MBGB06”.

Together, these 11 characters create a unique digital address, ensuring that your funds are directed to the exact branch you intend.

How to Use Your IFSC Code

Using the IFSC code is simple and crucial for various electronic fund transfers. Here’s how it typically works:

1. For NEFT (National Electronic Funds Transfer): When you want to send money via NEFT, you need to provide the beneficiary’s bank name, branch name, account number, and the correct IFSC code. The system uses the IFSC to route your payment to the specific RAJGIR branch.
2. For RTGS (Real Time Gross Settlement): Similar to NEFT, RTGS transactions also require the IFSC code. Since RTGS processes large value transactions instantly, an accurate IFSC is vital for immediate and error-free transfer.
3. For IMPS (Immediate Payment Service): IMPS allows for instant money transfers 24/7. When you initiate an IMPS transaction, whether through mobile banking or internet banking, you will be prompted to enter the beneficiary’s IFSC code along with their account details or mobile number and MMID.

Always double-check the IFSC code before confirming a transaction. An incorrect code can lead to delays or, in some cases, funds being sent to a wrong account.

Key Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several important advantages:

• Ensures Accuracy: It guarantees that your electronic fund transfers reach the precise branch you intend, preventing errors and misdirection of money.
• Speeds Up Transfers: With the correct IFSC, transactions like NEFT, RTGS, and IMPS are processed efficiently and quickly, often within minutes for IMPS and RTGS.
• Facilitates Online Banking: The IFSC code is essential for setting up beneficiaries and executing online transfers through internet banking and mobile banking applications.
• Mandatory for Electronic Payments: It is a compulsory requirement for almost all inter-bank electronic fund transfers within India. Without it, you cannot initiate these services.
• Enhances Security: By uniquely identifying each branch, the IFSC code adds an extra layer of security and verification to your financial transactions.

Contact Information

Should you need to reach out to the bank, here are the relevant contact details:

• RAJGIR Branch Contact Number: 9771464190
• RAJGIR Branch Address: RAJGIR, Nalanda, 803116, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number for Customer Service: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, the IFSC code is unique for each individual bank branch. While the first few characters (PUNB0) might be similar for branches under the same sponsoring bank (Punjab National Bank in this context), the last six characters are always different for each branch, making its identity unique.

Q2: Is it mandatory to use the IFSC code for all types of bank transfers?
A2: The IFSC code is mandatory for all electronic fund transfers that move money between different banks within India. This includes NEFT, RTGS, and IMPS. For transfers within the same bank, often only the account number is needed, but providing the IFSC is still good practice.

Q3: What happens if I enter an incorrect IFSC code during a transaction?
A3: If you enter an incorrect IFSC code, the transaction will likely fail and be rejected by the banking system. The funds will usually be returned to your account. In some rare cases, if the incorrect IFSC code corresponds to a valid but wrong branch, the funds might be credited to a different account, making retrieval difficult. Always verify the code carefully.

Q4: Can I find the IFSC code on my bank passbook or chequebook?
A4: Yes, the IFSC code is typically printed on your bank passbook, near your account details. You can also find it on the top part of a cheque leaf issued by your bank. It’s always a reliable source for the correct code.

Q5: How can I confirm the correct IFSC code for a branch?
A5: You can confirm the IFSC code by checking your passbook or chequebook. You can also visit your bank’s official website, use their branch locator tool, or contact the bank’s customer service. Reliable third-party financial websites also list IFSC codes, but it’s best to cross-reference with official sources.