Bihar Gramin Bank Ramdauli IFSC Code

The Ramdauli branch of Bihar Gramin Bank is located in Vaishali, Bihar, specifically at Ramdauli, VAISHALI, 844503. For anyone looking to transfer money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. This unique code acts like a digital address, ensuring that funds sent through National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) reach the correct bank branch and account without any issues. It makes your online banking transactions safe and efficient.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Ramdauli
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100060
Branch Address	Ramdauli, VAISHALI, 844503, 9297955034
Contact Number	9297955034
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844503
State	Bihar

Merger Update

The Ramdauli branch is part of Bihar Gramin Bank. It’s important to understand the broader context of Regional Rural Banks (RRBs) in Bihar, especially regarding their IFSC codes. The IFSC code PUNB0MBGB06, used by this branch, reflects a significant consolidation among these banks.

Specifically, if you were looking for a branch that previously belonged to Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), these banks have merged. They now operate under the sponsorship of Punjab National Bank, using a unified IFSC code system. This means that any old UBGB or DBGB IFSC codes have been revoked. For any fund transfers to branches that were formerly part of UBGB or DBGB, you must use the new consolidated IFSC code, such as PUNB0MBGB06, which is valid for transactions.

What is IFSC Code?

The IFSC, or Indian Financial System Code, is an 11-character alpha-numeric code unique to each bank branch in India. It’s essential for all electronic fund transfers.

Let’s break down the Ramdauli branch’s IFSC code, PUNB0MBGB06:

• The first four characters, PUNB, identify the sponsoring bank, which is Punjab National Bank. Many Regional Rural Banks like Bihar Gramin Bank operate under the sponsorship of larger public sector banks.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use and acts as a placeholder.
• The last six characters, MBGB06, identify the specific branch. Here, ‘MBGB’ commonly refers to Madhya Bihar Gramin Bank, and ’06’ is the specific code for the Ramdauli branch. Even though this branch is listed under Bihar Gramin Bank, its IFSC structure reflects the broader consolidation and naming conventions within the PNB-sponsored RRB network in Bihar.

This unique code ensures that your money reaches the correct branch and account without errors during online transactions.

How to Use IFSC Code

Using the IFSC code is simple and necessary for various online fund transfer methods:

For NEFT (National Electronic Funds Transfer):

1. Log in to your bank’s online banking portal or mobile app.
2. Select the ‘NEFT’ option for fund transfers.
3. Add a new beneficiary. You will need their name, account number, account type, and the correct IFSC code (PUNB0MBGB06 for this branch).
4. Enter the amount you wish to transfer and confirm the transaction. NEFT processes transactions in batches, so funds typically settle within a few hours during business hours.

For RTGS (Real Time Gross Settlement):

1. Access your online banking service or visit a branch. RTGS is usually for larger amounts.
2. Choose the ‘RTGS’ transfer option.
3. Provide the beneficiary’s details, including their name, account number, and the correct IFSC code (PUNB0MBGB06).
4. Enter the transfer amount. RTGS transactions are processed individually and in real-time, meaning funds are typically credited almost instantly.

For IMPS (Immediate Payment Service):

1. Use your mobile banking app or internet banking service.
2. Select the ‘IMPS’ option.
3. Input the beneficiary’s details, including their mobile number and MMID (Mobile Money Identifier), or their account number and the correct IFSC code (PUNB0MBGB06).
4. Enter the amount. IMPS allows for instant, 24/7 fund transfers, even on holidays.

Benefits

Knowing and using the correct IFSC code provides several benefits for your financial transactions:

• Enables Digital Transfers: It is mandatory for all inter-bank electronic fund transfers like NEFT, RTGS, and IMPS, allowing you to move money digitally without visiting a branch.
• Ensures Accuracy: Each IFSC code is unique to a specific bank branch, which helps in routing the funds accurately to the intended recipient’s account.
• Faster Processing: Correct IFSC codes help banks process transactions more quickly and efficiently, reducing delays in fund transfers.
• Security: By identifying both the bank and the specific branch, the IFSC code adds an extra layer of security to prevent fraudulent transactions or misdirection of funds.
• Convenience: With the right IFSC, you can conduct banking operations from anywhere, at any time, using online platforms.

Contact Section

If you need to get in touch with the Bihar Gramin Bank, Ramdauli branch, or the head office, here are the contact details:

• Ramdauli Branch Phone Number: 9297955034
• Ramdauli Branch Address: Ramdauli, VAISHALI, 844503, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some common questions about IFSC codes:

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It’s a unique 11-character code used to identify bank branches for electronic transactions.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A2: No, generally, each branch of Bihar Gramin Bank (or any bank) has a unique IFSC code. While the first few characters (sponsoring bank and zero) might be common, the last six characters are specific to each branch, like ‘MBGB06’ for Ramdauli.

Q3: Do I need an IFSC code for transfers within the same bank?
A3: No, an IFSC code is generally only required for inter-bank transfers (money sent from one bank to another). For transfers between accounts within the same bank, you typically only need the beneficiary’s account number.

Q4: What happens if I use a wrong IFSC code during a transaction?
A4: If you use an incorrect IFSC code, the transaction will usually fail. The banking system will not be able to find the correct branch, and your money will not be transferred. In some rare cases, if the wrong IFSC code corresponds to another valid branch, the money might go to the wrong account, making it difficult to retrieve.

Q5: Where can I find the IFSC code for my bank branch?
A5: You can typically find your branch’s IFSC code printed on your chequebook, passbook, or account statement. It is also available on your bank’s official website or through online IFSC lookup tools.