Bihar Gramin Bank SHAMSHER NAGAR IFSC Code

The Shamsher Nagar branch of Bihar Gramin Bank is located in the Aurangabad district of Bihar. For anyone looking to send or receive money online through this branch, understanding the Indian Financial System Code (IFSC) is essential. This unique 11-character code acts like a specific address for the bank branch, ensuring that funds transferred through National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) reach their destination accurately and without delay.

Branch Details

Important Merger Update

Bihar Gramin Bank was formed through the merger of two 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 branches, including Shamsher Nagar, now use a unified IFSC code structure starting with ‘PUNB’. Please note that any old IFSC codes previously associated with UBGB or DBGB are no longer valid. To ensure successful transactions, you must use the new IFSC code, PUNB0MBGB06, for all online fund transfers.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the country’s electronic payment systems. The code has a specific structure that helps in routing transactions.

Let’s break down the IFSC code PUNB0MBGB06:

• PUNB: The first four characters represent the name of the sponsor bank, which is Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters identify the specific branch. In the case of merged rural banks, this part often represents a standardized code for the new entity.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code is a straightforward part of any online money transfer. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.

1. Log in to your bank’s net banking or mobile banking platform.
2. Navigate to the “Fund Transfer” section and choose your payment method (NEFT, RTGS, or IMPS).
3. Add the recipient as a “beneficiary” or “payee.” You will be asked to provide their details.
4. Enter the beneficiary’s name, bank account number, and account type (savings or current).
5. Carefully enter the IFSC code: PUNB0MBGB06.
6. Double-check all the details to avoid errors, then confirm the transaction, usually with an OTP or transaction password.

Benefits of Using the Correct IFSC Code

• Accuracy: It guarantees that your money is sent to the exact bank branch intended.
• Error Prevention: The code eliminates the risk of funds being misdirected due to similar branch names or locations.
• Speed: It enables automated systems to process transactions quickly without manual intervention.
• Universal Requirement: It is mandatory for all major online payment systems in India, making it a critical piece of information for digital banking.

Contact Information

For any direct inquiries, you can reach out to the branch or the bank’s head office.

• Branch Phone Number: 9771464126
• Branch Address: SHAMSHER NAGAR, Aurangabad, Bihar – 824113
• Head Office Address: 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’?

The code starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The first four letters of an IFSC code always identify the core bank, which in this case is the sponsor bank.

Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?

No. After the merger that formed Bihar Gramin Bank, all old IFSC codes from Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank were discontinued. You must use the new IFSC code (PUNB0MBGB06) for all transactions to avoid failure.

What is the difference between an IFSC code and a MICR code?

An IFSC code is used for online fund transfers like NEFT, RTGS, and IMPS. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code found on the bottom of a cheque leaf and is used for processing physical cheques.

What happens if I enter the wrong IFSC code?

If the entered IFSC code does not exist, the transaction will likely be rejected immediately. If the IFSC code exists but belongs to a different branch, the funds could be sent to the wrong branch and may require a lengthy process to be reversed. Always double-check the code before confirming a transfer.

Is the IFSC code the same for all customers of the Shamsher Nagar branch?

Yes, the IFSC code is specific to the branch, not the individual customer account. Everyone with an account at the Shamsher Nagar branch uses the same IFSC code: PUNB0MBGB06.

Kriti Kumari

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.