Bihar Gramin Bank TELHARA IFSC Code

When you need to send money electronically to the Bihar Gramin Bank branch located in TELHARA, Nalanda, Bihar, understanding the Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address, ensuring your funds are directed precisely to the correct bank and branch. Whether you’re making a payment through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC is a mandatory piece of information. It guarantees that your transaction is processed smoothly and securely, preventing any delays or misdirections of your hard-earned money.

Branch Details

Here are the specific details for the Bihar Gramin Bank, TELHARA branch:

Bank Name	Bihar Gramin Bank
Branch Name	TELHARA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7195
Branch Address	TELHARA, Nalanda, 801306, Bihar
Contact Number	9771464195
City	Nalanda
District	Nalanda
Region	BIHARSHARIF
Pincode	801306
State	Bihar

Merger Update

The banking landscape in Bihar has seen significant changes over the years, leading to the formation of Bihar Gramin Bank as we know it today. Originally, there were multiple regional rural banks serving different parts of the state, including Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB), as well as the original Bihar Gramin Bank. In a series of strategic mergers, these entities consolidated to strengthen regional banking services.

Specifically, the Dakshin Bihar Gramin Bank (DBGB) and the initial Bihar Gramin Bank merged to form Madhya Bihar Gramin Bank (MBGB). Following this, Madhya Bihar Gramin Bank further merged with Uttar Bihar Gramin Bank (UBGB) to create the current, unified Bihar Gramin Bank. This new, larger entity is sponsored by Punjab National Bank (PNB).

Due to these mergers, a common IFSC coding system was adopted. The IFSC code PUNB0MBGB06, for example, is part of this unified system. It clearly indicates sponsorship by Punjab National Bank (PUNB) and references the Madhya Bihar Gramin Bank (MBGB) lineage that forms the core of the current Bihar Gramin Bank.

It’s important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are now revoked. For all electronic fund transfers to any branch of the current Bihar Gramin Bank, only the new, unified IFSC codes, such as PUNB0MBGB06, are valid. Always use the current IFSC to ensure your transactions are processed successfully.

What is an IFSC Code?

An IFSC, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers in India. It’s designed to ensure that funds are transferred accurately from one bank account to another across the country.

The structure of an IFSC code is specific:

• The first four characters represent the bank’s identifier. For the TELHARA branch, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between the bank code and the branch code.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, “MBGB06” uniquely points to the TELHARA branch of Bihar Gramin Bank. These last six digits change for every different branch.

How to Use an IFSC Code

Using an IFSC code for your electronic fund transfers is a straightforward process. Here’s how you typically use it for NEFT, RTGS, and IMPS transactions:

1. For Online Transfers (Net Banking/Mobile Banking):
   • First, log in to your bank’s net banking portal or mobile banking app.
   • Navigate to the “Fund Transfer” or “Payments” section.
   • You will usually need to add the beneficiary (the person or entity you are sending money to) if they are not already saved.
   • Enter the beneficiary’s details: their full name, account number, and the correct IFSC code (PUNB0MBGB06 for TELHARA branch).
   • Confirm all the details carefully. Any error in the account number or IFSC code can lead to the funds being sent to the wrong recipient or the transaction failing.
   • Once the beneficiary is added, you can proceed to initiate the transfer by entering the amount and confirming with your transaction password or PIN.
2. For Offline Transfers (Bank Branch Visit):
   • If you prefer to make a transfer by visiting a bank branch, you will need to fill out a NEFT, RTGS, or IMPS fund transfer form.
   • On the form, provide your account details and the beneficiary’s details, including their name, account number, and the exact IFSC code (PUNB0MBGB06).
   • Hand over the filled form and the amount to be transferred (if not debited from your account) to the bank teller.

Always double-check the IFSC code and account number before confirming any transaction. This small step helps prevent potential issues.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or the branch of your recipient, offers several important benefits:

• Accuracy in Fund Transfers: It ensures that your money reaches the exact intended bank and branch, minimizing the chances of funds being misdirected.
• Faster Processing: For systems like RTGS and IMPS, a correct IFSC code facilitates near real-time or immediate processing of your transactions.
• Enhanced Security: By precisely identifying the destination branch, the IFSC code adds a layer of security to electronic transactions, making them more reliable.
• Mandatory for Electronic Transfers: It is a compulsory requirement for initiating NEFT, RTGS, and IMPS transactions, both online and offline.
• Branch Identification: It helps in quickly identifying the specific branch of any bank across India, which is useful for various banking and administrative purposes.

Contact Information

For inquiries related to the TELHARA branch of Bihar Gramin Bank, or for general assistance, you can use the following contact details:

• Branch Phone Number: 9771464195
• Branch Address: TELHARA, Nalanda, 801306, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

What is the full form of IFSC?

IFSC stands for Indian Financial System Code. It is an alphanumeric code used to identify bank branches for electronic fund transfers.

Is the IFSC code always 11 digits long?

Yes, an IFSC code is always an 11-character alphanumeric code. It strictly follows the format of 4 characters for the bank, a 0 (zero) as the fifth character, and the last 6 characters for the branch code.

Can I find an IFSC code using just the branch name?

Yes, many bank websites and third-party financial portals allow you to find an IFSC code by selecting the bank name, state, district, and then the specific branch name. However, it’s always best to verify it from your bank’s official sources or the beneficiary’s bank statement.

What happens if I use a wrong IFSC code during a transaction?

If you use an incorrect IFSC code, the transaction will likely fail or be rejected by the banking system. In some rare cases, if the incorrect IFSC code corresponds to another valid branch and the account number also matches, the funds might be transferred to the wrong account. Therefore, accuracy is extremely important.

Is the IFSC code for all branches of Bihar Gramin Bank the same?

No, the IFSC code is unique for each individual branch. While the first five characters (e.g., PUNB0) might be consistent across branches of Bihar Gramin Bank due to its sponsoring bank and lineage, the last six characters are specific to a particular branch. For instance, the TELHARA branch uses “MBGB06” at the end, which will be different from other branches.