The Bihar Gramin Bank branch located in RAM JAIPAL NAGAR PATNA, specifically in Patna, Bihar, plays a key role for residents managing their finances. For any money transfers you need to make, whether to family, friends, or businesses, you will need a special code called the IFSC code. This code is crucial for modern electronic fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC code, your bank simply cannot send money to the intended recipient’s account.
Branch Details
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | RAM JAIPAL NAGAR PATNA |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7417 |
| Branch Address | RAM JAIPAL NAGAR PATNA, Patna, 801503, 9771464417 |
| Contact Number | 9771464417 |
| City | Patna |
| District | Patna |
| Pincode | 801503 |
| State | Bihar |
Merger Update
The “Bihar Gramin Bank” in this context refers to Madhya Bihar Gramin Bank, which is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). Historically, various Regional Rural Banks in Bihar, such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), have undergone mergers and consolidation. As a result, their banking operations and IFSC codes have been streamlined under their sponsor bank, Punjab National Bank (PNB).
For branches now operating under the umbrella of Madhya Bihar Gramin Bank, the unified IFSC code to use is PUNB0MBGB06. It is important to know that any older IFSC codes previously associated with banks like UBGB or DBGB are no longer valid for transactions. Always use the current, valid IFSC code, such as PUNB0MBGB06, for all your fund transfers to ensure they are processed correctly.
What is an IFSC Code?
IFSC stands for Indian Financial System Code. It is an 11-character code used to identify all bank branches participating in online money transfers in India. Each character in the code has a specific meaning:
- The first four characters represent the name of the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank of Madhya Bihar Gramin Bank.
- The fifth character is always a zero (0). This character is reserved for future use.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the RAM JAIPAL NAGAR PATNA branch of Madhya Bihar Gramin Bank within its network.
This unique code helps ensure that your money reaches the exact branch and account you intend it for.
How to Use IFSC Code
Using the IFSC code is simple and essential for making electronic fund transfers. Here’s how it generally works for NEFT, RTGS, and IMPS:
- Log in to Net Banking or Mobile Banking: Access your bank’s online platform or mobile app.
- Select Fund Transfer Option: Look for options like “NEFT,” “RTGS,” or “IMPS” within the transfer menu.
- Add Beneficiary: If you are sending money to someone for the first time, you will need to add them as a beneficiary. This usually requires their name, account number, account type (savings or current), and the crucial IFSC code of their bank branch.
- Enter Details for Transfer: Once the beneficiary is added (or if they are already saved), select their name. Then, enter the amount you wish to send.
- Confirm and Transact: Review all the details carefully, especially the account number and IFSC code, before confirming the transaction. The IFSC code ensures your money is routed to the correct bank and branch.
For example, if you are sending money to the Bihar Gramin Bank, RAM JAIPAL NAGAR PATNA branch, you would enter PUNB0MBGB06 in the IFSC code field.
Benefits of Knowing the IFSC Code
Knowing the correct IFSC code for a bank branch offers several important benefits:
- Accuracy in Transfers: It ensures your funds are sent to the correct recipient’s bank branch, avoiding misdirection or delays.
- Faster Processing: Digital transfers like NEFT, RTGS, and IMPS rely heavily on the IFSC code for quick and efficient processing.
- Security: The unique identification helps in tracking transactions and adds a layer of security to your financial dealings.
- Convenience: It enables you to transfer money from anywhere, anytime, without needing to visit a physical bank branch.
- Mandatory Requirement: It is a compulsory detail for all major electronic fund transfer systems in India, making it impossible to send money digitally without it.
Contact
For any inquiries or assistance related to the Bihar Gramin Bank, RAM JAIPAL NAGAR PATNA branch, you can use the following contact details:
- Branch Phone Number: 9771464417
- Branch Address: RAM JAIPAL NAGAR PATNA, Patna, 801503, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
FAQs
Q1: Is the IFSC code PUNB0MBGB06 only for the RAM JAIPAL NAGAR PATNA branch?
No, the last six characters (MBGB06) specifically identify the RAM JAIPAL NAGAR PATNA branch within the Madhya Bihar Gramin Bank network. The first four characters (PUNB) identify the sponsor bank, Punjab National Bank, and the overall code identifies the specific branch for electronic transfers.
Q2: What happens if I use an incorrect IFSC code during a transfer?
If you enter an incorrect IFSC code, the transaction will most likely fail immediately. The bank’s system will detect that the code does not match the beneficiary’s bank or branch and will not process the transfer. Your money will typically not leave your account.
Q3: Can I find the IFSC code on my passbook or cheque book?
Yes, the IFSC code is usually printed on your bank passbook and on the top left corner of your cheque leaves. It is a standard piece of information provided by banks for customer convenience.
Q4: Why did my bank’s IFSC code change after a merger?
When banks merge, especially Regional Rural Banks like those in Bihar, their operations are often consolidated under a single sponsor bank. This consolidation includes standardizing IFSC codes to reflect the new merged entity and its sponsor bank. Old codes are then deactivated to ensure all new transactions use the updated, valid codes.
Q5: Is the IFSC code the same as the MICR code?
No, the IFSC code and MICR (Magnetic Ink Character Recognition) code are different. The IFSC code is used for electronic fund transfers. The MICR code, a 9-digit number, is primarily used for processing physical cheques. While both identify bank branches, their purposes and formats are distinct.
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.