Bihar Gramin Bank SALEHPUR MOR IFSC Code

This article provides detailed information about the Indian Financial System Code (IFSC) for the Bihar Gramin Bank branch located at SALEHPUR MOR in Nalanda, Bihar. Understanding the IFSC code is crucial for anyone looking to make electronic money transfers. It ensures that funds sent through systems like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) reach the correct bank and branch without errors. This code acts as a unique identifier, making your transactions secure and efficient.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	SALEHPUR MOR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7194
Branch Address	SALEHPUR MOR, Nalanda, 803108, 9771464194
Contact Number	9771464194
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803108
State	Bihar

Merger Update Section

The Bihar Gramin Bank, like many regional rural banks in Bihar, has undergone significant changes through mergers to streamline operations and enhance banking services. Specifically, banks such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form a consolidated entity. This consolidated bank now operates under a single, unified IFSC code structure, which is sponsored by Punjab National Bank (PNB).

For the SALEHPUR MOR branch of Bihar Gramin Bank, the valid IFSC code is PUNB0MBGB06. It is important to note that any old IFSC codes previously used by UBGB, DBGB, or other constituent regional rural banks in Bihar that are now part of this larger structure have been revoked. Therefore, for all your electronic fund transfers to or from the SALEHPUR MOR branch, you must exclusively use the new IFSC code, PUNB0MBGB06. Using an old or incorrect IFSC code will result in your transaction being rejected.

What is IFSC Code?

The Indian Financial System Code, or IFSC, is an 11-character alphanumeric code used to identify all bank branches participating in online money transfers in India. Each character in the code serves a specific purpose, helping to accurately route funds to the intended recipient’s bank and branch.

The structure of an IFSC code is as follows:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This character is reserved for future use and currently acts as a control character.
• The last six characters identify the specific bank branch. In our example, “MBGB06” uniquely identifies the SALEHPUR MOR branch of Bihar Gramin Bank.

This unique identification system is critical for the smooth functioning of India’s electronic payment gateways.

How to Use IFSC Code

Using an IFSC code is a straightforward process when you are making an electronic fund transfer. Here are the steps involved for NEFT, RTGS, or IMPS transactions:

1. Log In: Access your internet banking account or mobile banking application. If you prefer, you can also visit your bank branch to fill out a NEFT/RTGS form.
2. Select Transfer Type: Choose the type of transfer you wish to make: NEFT, RTGS, or IMPS.
3. Add Beneficiary: If you are sending money to a new recipient, you will need to add them as a beneficiary. This typically involves providing:
   • The beneficiary’s full name.
   • The beneficiary’s account number.
   • The beneficiary’s bank name.
   • The beneficiary’s branch name.
   • The beneficiary’s IFSC code (e.g., PUNB0MBGB06 for SALEHPUR MOR branch).

   Your bank may take a few minutes or hours to activate a new beneficiary for security reasons.

4. Enter Amount: Once the beneficiary is added and active, enter the amount of money you wish to transfer.
5. Confirm Transaction: Review all the details carefully, including the beneficiary’s name, account number, IFSC code, and the transfer amount. Confirm the transaction, often by entering a one-time password (OTP) received on your registered mobile number.

The IFSC code ensures your money goes to the correct branch, preventing delays or incorrect deposits.

Benefits

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

• Accurate Routing: It ensures that your funds are routed precisely to the intended bank and branch, minimizing the chances of transfer errors.
• Faster Transfers: IFSC codes enable quick and efficient processing of NEFT, RTGS, and IMPS transactions, allowing money to move across banks rapidly.
• Enhanced Security: By uniquely identifying each branch, IFSC codes add an extra layer of security, reducing fraudulent transactions.
• Convenience: It simplifies inter-bank transfers, making it easy to send or receive money from any bank account in India.
• Standardization: The system provides a standardized way for all banks in India to participate in the electronic payment system, ensuring uniformity and reliability.

Contact Section

If you need to get in touch with the Bihar Gramin Bank, SALEHPUR MOR branch, or the Head Office, here are the relevant contact details:

• Branch Phone Number: 9771464194
• Branch Address: SALEHPUR MOR, Nalanda, 803108, BIHAR
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs Section

Q1: What does the “PUNB0” part in PUNB0MBGB06 signify?
A1: The “PUNB0” part indicates that the Bihar Gramin Bank is sponsored by Punjab National Bank. All IFSC codes for banks sponsored by PNB will typically start with “PUNB0” followed by characters identifying the specific regional rural bank and its branch.

Q2: Is the IFSC code PUNB0MBGB06 valid for all types of transactions at Bihar Gramin Bank SALEHPUR MOR?
A2: Yes, the IFSC code PUNB0MBGB06 is specifically for domestic electronic fund transfers like NEFT, RTGS, and IMPS to and from the Bihar Gramin Bank, SALEHPUR MOR branch. It is the only valid code for these types of transactions.

Q3: Can I use this IFSC code for international money transfers?
A3: No, the IFSC code is exclusively for domestic transactions within India. For international money transfers, you would typically need a SWIFT Code (Society for Worldwide Interbank Financial Telecommunication), which is a different code system.

Q4: What should I do if my bank passbook or cheque leaf shows an older IFSC code for Bihar Gramin Bank?
A4: Due to bank mergers and changes, it is common for older documents to show outdated IFSC codes. Always confirm the latest IFSC code, especially after a merger. For Bihar Gramin Bank, SALEHPUR MOR, PUNB0MBGB06 is the current and correct code. It’s advisable to verify with the bank if you have any doubts, or check the bank’s official website or the RBI website.

Q5: What is the main difference between an IFSC Code and an MICR Code?
A5: The IFSC Code (Indian Financial System Code) is used for electronic fund transfers like NEFT, RTGS, and IMPS. It identifies a specific bank branch for online transactions. The MICR Code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing cheques. It helps in speeding up the clearing of cheques by uniquely identifying the bank and branch. While both identify bank branches, their uses are distinct.