You are looking for the Indian Financial System Code (IFSC) for the Bihar Gramin Bank branch located in RASALPURA, Nawada. This code is crucial for ensuring that your digital fund transfers, such as those through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service), reach the correct recipient bank and branch without any issues. Having the correct IFSC code prevents delays and ensures your money is transferred safely and efficiently.
Branch Details
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | RASALPURA |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7296 |
| Branch Address | RASALPURA, Nawada, 805103 |
| Contact Number | 9771464296 |
| City | Nawada |
| District | Nawada |
| Reason | NAWADA |
| Pincode | 805103 |
| State | Bihar |
Understanding the Bank’s Structure and IFSC
Bihar Gramin Bank is a Regional Rural Bank (RRB) that operates under the sponsorship of Punjab National Bank (PNB). This means PNB plays a significant role in the bank’s operations and technological infrastructure. The IFSC code PUNB0MBGB06 reflects this connection, with “PUNB” indicating Punjab National Bank’s sponsorship and “MBGB” often representing “Madhya Bihar Gramin Bank” or a similar grouping under this consolidated structure. It’s important to note that this specific IFSC code is now the valid and active code for Bihar Gramin Bank, RASALPURA branch, for all digital transactions. Any older IFSC codes that might have been used by previously separate entities, or those that have been superseded by this PNB-sponsored structure, are no longer valid for processing transactions.
What is an IFSC Code?
The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify all bank branches participating in electronic funds transfer systems in India. It’s unique to each branch. The structure of the IFSC code is straightforward:
- 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 a “0” (zero). This is kept as a control character for future use.
- The last six characters identify the specific branch. In
PUNB0MBGB06, “MBGB06” refers to the particular branch code within the Bihar Gramin Bank network under PNB’s sponsorship.
This unique code ensures that when you send money, it reaches the exact bank branch intended, preventing any misdirection of funds.
How to Use an IFSC Code for Transfers
Using the IFSC code is a standard part of initiating any online fund transfer. Here’s how it works for common transfer methods:
For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement):
- Log in to your bank’s online banking portal or mobile banking app.
- Navigate to the “Fund Transfer” or “Payments” section.
- Select “Add New Beneficiary” if you’re sending money to this person or entity for the first time.
- Enter the beneficiary’s name, account number, and confirm the account number.
- Input the correct IFSC code for Bihar Gramin Bank, RASALPURA branch:
PUNB0MBGB06. - The bank’s name and branch address (Bihar Gramin Bank, RASALPURA) should automatically populate for verification.
- Enter the amount you wish to transfer and proceed with the transaction.
For IMPS (Immediate Payment Service):
- Access your mobile banking app or internet banking.
- Choose the “IMPS” option.
- You will typically be asked for the beneficiary’s mobile number and MMID (Mobile Money Identifier), or their account number and IFSC code.
- If using account number and IFSC, enter the beneficiary’s account number and the IFSC code
PUNB0MBGB06. - Enter the amount and confirm the transaction using your M-PIN or transaction password.
Always double-check the IFSC code, account number, and beneficiary name before confirming any transaction to avoid errors.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for your bank branch, or for the branch of the person you are sending money to, offers several important benefits:
- Accurate Fund Transfers: It ensures your money goes to the exact intended recipient and bank branch, eliminating errors.
- Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly, reducing transfer times.
- Security: By identifying specific branches, IFSC codes add an extra layer of security to electronic transactions, making it harder for funds to be misdirected.
- Mandatory for Online Transfers: It’s a required piece of information for all major online fund transfer methods, so having it handy simplifies the process.
- Easy Verification: Most online banking systems automatically display the bank and branch name once you enter the IFSC, allowing you to quickly verify the details.
Contact Information
If you need to get in touch with the Bihar Gramin Bank, RASALPURA branch, or the head office, here are the contact details:
- RASALPURA Branch Phone Number: 9771464296
- RASALPURA Branch Address: RASALPURA, Nawada, 805103, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
Here are some common questions about IFSC codes and Bihar Gramin Bank:
Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
No, the first five characters (e.g., PUNB0) remain the same for branches under the same sponsoring bank, but the last six characters are unique to each specific branch. So, while other Bihar Gramin Bank branches will start with PUNB0, the last six digits will differ.
Q2: What should I do if I enter a wrong IFSC code during a transfer?
If the IFSC code you entered is invalid or does not match the beneficiary’s account number, the transaction will usually fail, and your money will not be debited or will be refunded to your account. However, if the wrong IFSC code corresponds to a valid account at a different branch or bank, the money might be transferred there. Always double-check before confirming a transaction.
Q3: Can I find the IFSC code on my passbook or chequebook?
Yes, the IFSC code is typically printed on the first page of your bank passbook and on individual cheque leaves. It is a standard practice for banks to display this information for customer convenience.
Q4: What is the difference between IFSC and MICR code?
IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for online fund transfers (NEFT, RTGS, IMPS). MICR (Magnetic Ink Character Recognition) code is a 9-digit numeric code primarily used for processing physical cheques. The MICR code helps in faster clearing of cheques by machine readers.
Q5: Is it safe to share my IFSC code with others?
Yes, it is generally safe to share your IFSC code. It is publicly available information needed by anyone who wants to send money to your account. However, you should never share sensitive information like your ATM PIN, online banking password, or OTP (One Time Password).
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.