Bihar Gramin Bank TETRANAWAN IFSC Code

The Bihar Gramin Bank branch in TETRANAWAN, located in the Nalanda district of Bihar, plays a vital role in local financial transactions. For any digital fund transfers like NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) is absolutely essential. This unique code acts like a digital address, ensuring your money reaches the right bank and branch quickly and securely.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	TETRANAWAN
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6876
Branch Address	TETRANAWAN, Nalanda, 803216, 7485096876
Contact Number	7485096876
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803216
State	Bihar

Merger Update

Both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form a single entity known as Madhya Bihar Gramin Bank. This new bank operates under the sponsorship of Punjab National Bank (PNB). As a result of this merger and sponsorship, all branches that were formerly part of UBGB or DBGB, including the TETRANAWAN branch, now use a unified IFSC code structure. The IFSC code PUNB0MBGB06 for this branch clearly shows ‘PUNB’ for Punjab National Bank and ‘MBGB’ for Madhya Bihar Gramin Bank.

It is very important to understand that any old IFSC codes previously issued to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid for making fund transfers. For any transaction, you must always use the new, active IFSC code, which is PUNB0MBGB06, to ensure your money is sent correctly.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character code. It identifies every bank branch in India participating in online money transfers. The structure of the IFSC code is standardized:

• The first four characters are alphabetic and represent the bank’s name. For example, in PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a ‘0’ (zero). This is kept for future use.
• The last six characters are alphanumeric and identify the specific branch. For the TETRANAWAN branch, ‘MBGB06’ is its unique branch identifier within the Madhya Bihar Gramin Bank network under PNB.

This detailed structure helps the banking system precisely route your funds to the correct destination branch.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you want to send money digitally. Here’s how it works for common transfer methods:

For NEFT (National Electronic Funds Transfer):

1. Log in to your bank’s online banking portal or mobile app.
2. Go to the ‘Fund Transfer’ or ‘Payments’ section.
3. Add a new beneficiary. You will need the beneficiary’s name, account number, account type (savings, current), and the bank’s IFSC code (PUNB0MBGB06 in this case).
4. Once the beneficiary is added and approved, you can initiate a transfer, enter the amount, and confirm. NEFT transactions are processed in batches throughout the day.

For RTGS (Real Time Gross Settlement):

1. The steps are similar to NEFT. Log in to your online banking or app.
2. Select RTGS as the transfer type.
3. Enter the beneficiary details, including their account number and the IFSC code (PUNB0MBGB06).
4. RTGS is typically used for high-value transactions (usually Rs. 2 lakh and above) and processes transfers individually and immediately.

For IMPS (Immediate Payment Service):

1. Access your bank’s mobile app or internet banking.
2. Select the IMPS option.
3. You can send money using either the beneficiary’s account number and IFSC code (PUNB0MBGB06) or their mobile number and MMID (Mobile Money Identifier).
4. IMPS offers instant fund transfer, 24/7, even on holidays.

Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong account.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code at hand offers several important benefits:

• Accurate Fund Transfers: It ensures that your money reaches the exact bank branch you intend, preventing errors and delays in transactions.
• Faster Processing: With the correct IFSC, digital transfers like NEFT, RTGS, and IMPS are processed efficiently, allowing funds to move quickly between banks.
• Enhanced Security: The unique nature of the IFSC code adds a layer of security, as it precisely identifies the destination branch, reducing the risk of fraudulent transfers.
• Essential for Online Banking: It’s a mandatory piece of information for almost all online banking transactions, whether you’re adding a new payee or receiving money yourself.
• Avoiding Transaction Failures: An incorrect or outdated IFSC code will lead to a failed transaction, requiring you to re-initiate the process. Using the current code saves time and hassle.

Contact Information

If you need to get in touch with the bank, here are the relevant contact details:

• Branch Phone Number (TETRANAWAN): 7485096876
• Branch Address (TETRANAWAN): TETRANAWAN, Nalanda, 803216, 7485096876
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank Sponsored): 18001807777

Frequently Asked Questions

Q1: What should I do if I accidentally use an old or incorrect IFSC code?

A1: If you use an incorrect or old IFSC code, your transaction will most likely fail. The money will generally be returned to your account within a few hours or, in some cases, up to a couple of business days. You will then need to re-initiate the transfer using the correct IFSC code, PUNB0MBGB06.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?

A2: No, the IFSC code is unique for each individual bank branch. While the first four characters (‘PUNB’) and the middle part (‘MBGB’) might be common across branches of Madhya Bihar Gramin Bank (sponsored by PNB), the last six characters will be different to identify each specific branch, like ’06’ for TETRANAWAN.

Q3: Can I find the IFSC code offline?

A3: Yes, you can usually find the IFSC code printed on your bank passbook or on a cheque leaf provided by the bank. It’s also often displayed on the bank branch’s notice board or can be obtained by calling customer service.

Q4: What is the MICR code used for, and how is it different from IFSC?

A4: The MICR (Magnetic Ink Character Recognition) code is a 9-digit code used primarily for processing physical cheques. It helps in speeding up the clearing process by identifying the bank and branch. Unlike the IFSC, which is for online transfers, the MICR code is for physical cheque processing. The MICR code for TETRANAWAN branch is 800811002.

Q5: Is Bihar Gramin Bank a safe option for my savings?

A5: Yes, Bihar Gramin Bank, now operating as Madhya Bihar Gramin Bank and sponsored by a large public sector bank like Punjab National Bank, is a Regional Rural Bank (RRB) regulated by the Reserve Bank of India (RBI). Deposits are insured up to Rs. 5 lakhs by the Deposit Insurance and Credit Guarantee Corporation (DICGC), making it a safe and reliable option for your savings.