Bihar Gramin Bank Ramnagar Chowk IFSC Code

The Bihar Gramin Bank branch at Ramnagar Chowk, located in Purnia, Bihar, serves as a crucial point for banking services in the region. When you need to transfer money electronically, whether through NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service), a specific code is essential. This code is known as the Indian Financial System Code, or IFSC. It ensures that your funds reach the correct bank and branch without any errors.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Ramnagar Chowk
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108148
Branch Address	Ramnagar Chowk, Purnia, Bihar, 854301
Contact Number	9297954173
City	Purnia
District	Purnia
Pincode	854301
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation aimed to streamline operations and provide better banking services across Bihar. As a result of this merger, many old IFSC codes previously used by UBGB and DBGB branches have been revoked and are no longer valid for transactions.

For branches like Ramnagar Chowk, the unified and currently valid IFSC code is PUNB0MBGB06. This code operates under the sponsorship of Punjab National Bank, the lead bank for Bihar Gramin Bank. It is critical to use only this new, updated IFSC code for any online fund transfers to ensure your transactions are processed successfully. Any attempt to use older UBGB or DBGB IFSC codes will result in a failed transaction.

What is IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online money transfers within India. This code is crucial for making sure that your money goes to the right place.

The IFSC code has a specific structure:

• The first four characters identify the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always “0” (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the Ramnagar Chowk branch of Bihar Gramin Bank.

Each branch has its own unique IFSC code. This prevents errors in electronic fund transfers by ensuring accurate routing of funds to the intended recipient’s bank account.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you are making online fund transfers. Here are the steps for common transfer methods like NEFT, RTGS, and IMPS:

1. Log In to Net Banking or Mobile Banking: Access your bank’s online platform using your credentials.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “Send Money,” or “Payments.”
3. Choose Transfer Type: Select whether you want to perform a NEFT, RTGS, or IMPS transaction.
   • NEFT (National Electronic Funds Transfer): Typically used for transfers that are not urgent and may take a few hours to process in batches. There are no minimum or maximum limits set by the RBI, though banks may have their own.
   • RTGS (Real-Time Gross Settlement): Designed for large-value transfers (minimum of ₹2,00,000) that are processed individually and immediately.
   • IMPS (Immediate Payment Service): Allows instant, 24/7 fund transfers, even on holidays. It is generally used for smaller amounts compared to RTGS.
4. Add Beneficiary Details: If you haven’t sent money to this person before, you will need to add them as a beneficiary. This usually requires:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Beneficiary’s Bank Name (Bihar Gramin Bank)
   • Beneficiary’s Branch Name (Ramnagar Chowk)
   • The specific IFSC Code (PUNB0MBGB06) for the Ramnagar Chowk branch
5. Enter Amount and Confirm: Specify the amount you wish to transfer and review all the details carefully before confirming the transaction.
6. Authenticate: Complete the transaction using your password, PIN, or OTP (One-Time Password).

Always double-check the IFSC code and account number to avoid sending money to the wrong person or bank.

Benefits

Knowing and using the correct IFSC code offers several important benefits for banking transactions:

• Error-Free Transfers: The unique nature of the IFSC code minimizes the chances of money being transferred to the wrong bank or branch.
• Faster Processing: It enables quick and efficient routing of funds through electronic transfer systems like NEFT, RTGS, and IMPS.
• Increased Security: By precisely identifying the destination branch, the IFSC code adds a layer of security to your transactions.
• Essential for Online Banking: It is a mandatory detail for setting up online banking transfers and adding new beneficiaries.
• Wider Reach: Facilitates easy money transfers across different banks and branches nationwide, connecting even rural areas to the mainstream banking network.

Contact Section

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

• Branch Phone Number: 9297954173
• Branch Address: Ramnagar Chowk, Purnia, Bihar, 854301
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What is Bihar Gramin Bank?
A1: Bihar Gramin Bank is a Regional Rural Bank (RRB) that operates in Bihar. It was formed by the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. It is sponsored by Punjab National Bank and aims to provide banking services primarily in rural and semi-urban areas of the state.

Q2: Why is the IFSC code important for online fund transfers?
A2: The IFSC code is crucial because it acts like a unique address for a specific bank branch. When you send money online, this code ensures that your funds are routed precisely to the correct branch of the correct bank, preventing errors and ensuring the transaction is processed smoothly and securely.

Q3: Can I use an old IFSC code for Bihar Gramin Bank?
A3: No, you should not use old IFSC codes. Following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, many old IFSC codes were revoked. For the Ramnagar Chowk branch, the correct and currently valid IFSC code is PUNB0MBGB06. Using an outdated code will cause your transaction to fail.

Q4: What information do I need to send money using the IFSC code?
A4: To send money online, you will typically need the beneficiary’s full name, their account number, the bank name (Bihar Gramin Bank), the branch name (Ramnagar Chowk), and the correct IFSC code for that branch (PUNB0MBGB06). Always double-check these details before confirming the transfer.

Q5: Is the IFSC code unique to each branch?
A5: Yes, every bank branch in India that participates in electronic fund transfers has its own unique 11-character IFSC code. This uniqueness is essential for the precise identification and routing of funds in NEFT, RTGS, and IMPS transactions.