The Bihar Gramin Bank branch in Raniganj, located in the Araria district of Bihar, provides essential banking services to the local community. For anyone looking to send or receive money online through this branch, understanding its Indian Financial System Code (IFSC) is crucial. This unique 11-character code acts as a digital address, ensuring that your funds transferred via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) reach the correct bank branch safely and efficiently.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Raniganj |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | Raniganj, ARARIA, 854334 |
| Contact Number | 9297954382 |
| City | ARARIA |
| District | ARARIA |
| State | Bihar |
Important Merger Update
Bihar Gramin Bank was formed through the amalgamation of two separate regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, the bank is now sponsored by Punjab National Bank (PNB). As a result, all old IFSC codes belonging to the former UBGB and DBGB branches have been discontinued. For all transactions, you must use the new IFSC code, which starts with ‘PUNB’ to reflect the sponsor bank. Using an old, revoked IFSC code will cause your transaction to fail.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer system. It helps identify the specific branch involved in an online transaction, ensuring the money is routed correctly.
The structure is straightforward. Let’s break down the IFSC code for the Raniganj branch, PUNB0MBGB06:
- PUNB: The first four alphabetic characters represent the bank’s name. In this case, it stands for Punjab National Bank, the sponsor bank.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters represent the unique code of the specific branch, which is Raniganj in this instance.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code is a standard step when you transfer money online. Whether you use a mobile banking app or internet banking, the process is generally the same.
- Log In: Access your bank’s net banking portal or mobile application.
- Add Payee: Navigate to the fund transfer section and choose to add a new beneficiary or payee.
- Enter Details: You will be asked to provide the recipient’s details, including their name, bank account number, and the IFSC code of their bank branch. For the Raniganj branch, you would enter PUNB0MBGB06.
- Select Transfer Type: Choose your preferred method of transfer—NEFT, RTGS, or IMPS—based on the amount and urgency.
- Verify and Confirm: Double-check all the entered details, especially the account number and IFSC code, before confirming the transaction with your password or OTP.
Why Knowing the IFSC Code is Important
- Accurate Routing: It ensures that your money is sent to the exact bank branch intended, preventing misdirection and delays.
- Enables Digital Payments: The code is a mandatory requirement for all major online fund transfer systems in India.
- Reduces Errors: Using the correct code minimizes the risk of failed transactions or funds being credited to the wrong account.
- Faster Processing: A valid IFSC code allows the automated systems at the RBI and banks to process your transaction quickly.
Contact Information
For any direct queries, you can reach out to the branch or the bank’s head office.
- Branch Phone Number: 9297954382
- Branch Address: Raniganj, ARARIA, Bihar – 854334
- Head Office Address: Bihar Gramin Bank, SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
- Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
- It starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank after the merger of Uttar and Dakshin Bihar Gramin Banks.
- Is the IFSC code PUNB0MBGB06 the same for all Bihar Gramin Bank branches?
- No. While the first four letters (‘PUNB’) might be common, the last six characters are unique to each branch. You must use the specific code for the branch where the account is held.
- What happens if I use an old IFSC code from before the merger?
- The transaction will be rejected. The old codes for Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank are no longer valid. You must use the new, updated IFSC code for all transfers.
- Can I use this IFSC code for all types of online transfers like NEFT, RTGS, and IMPS?
- Yes, the code PUNB0MBGB06 is valid for all three electronic payment systems: NEFT, RTGS, and IMPS.
- What is the difference between an IFSC code and a MICR code?
- An IFSC code is used for online fund transfers to identify a bank branch electronically. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf, used for the physical processing and clearing of cheques.
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.