Bihar Gramin Bank THALI IFSC Code

Welcome to THALI, a vital location in the Nawada district of Bihar. When you need to send or receive money electronically, understanding the IFSC (Indian Financial System Code) is crucial. This unique code acts like a digital address for bank branches, ensuring your funds reach the correct destination quickly and securely. It is essential for various online transactions, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	THALI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7304
Branch Address	THALI, Nawada, 805126, 9771464304
Contact Number	9771464304
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805126
State	Bihar

Merger Update

While the THALI branch was originally part of Bihar Gramin Bank, which later merged into Dakshin Bihar Gramin Bank, it is important to note a broader update concerning regional rural banks in Bihar. For the purpose of fund transfers, if you previously dealt with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), these entities have now merged. They operate under the sponsorship of Punjab National Bank.

As a result, all previous IFSC codes for UBGB and DBGB branches are now revoked. The new, unified IFSC code structure, like PUNB0MBGB06, is the only valid one for all transactions. This ensures a consistent and streamlined process for electronic fund transfers across the merged banking network.

What is IFSC Code?

The IFSC code is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers within India. Think of it as a specific fingerprint for a bank branch. The code is structured in a precise way to provide key information:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for this regional rural bank.
• The fifth character is always a “0” (zero). This is a control character reserved for future use and helps distinguish between bank and branch identifiers.
• The last six characters identify the specific bank branch. In our example, “MBGB06” points to the THALI branch within the specific regional rural bank structure.

This systematic structure helps reduce errors and ensures that money is routed to the correct destination, even among thousands of branches nationwide.

How to Use IFSC Code

Using the IFSC code is a straightforward process for various electronic fund transfers:

• NEFT (National Electronic Funds Transfer): This system allows you to send money from one bank account to another across India. When initiating an NEFT, you will need the beneficiary’s name, account number, bank name, and the IFSC code of their specific branch. Funds are settled in batches throughout the day.
• RTGS (Real Time Gross Settlement): RTGS is designed for large-value transactions, typically for amounts of 2 lakhs (200,000) rupees or more. Funds are processed individually and immediately, making it a faster transfer method for significant sums. Similar to NEFT, you’ll need the beneficiary’s details, including their bank’s IFSC code.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent payments. You can initiate IMPS using a beneficiary’s account number and IFSC code, or sometimes just their mobile number and MMID (Mobile Money Identifier).

In each case, you would log into your net banking account or use your bank’s mobile app. Navigate to the “Fund Transfer” or “Payments” section. You’ll then be prompted to add a new beneficiary or select an existing one. Enter the beneficiary’s account number, bank name, and the critical IFSC code. Double-check all details before confirming the transaction to avoid any delays or misdirection of funds.

Benefits

Knowing and using the correct IFSC code offers several important benefits:

• Accurate Fund Transfers: It guarantees that your money reaches the intended bank branch and account without misdirection.
• Speed and Efficiency: Online transactions like NEFT, RTGS, and IMPS are processed quickly, saving you time compared to traditional methods.
• Unique Identification: Each branch has a distinct IFSC, preventing confusion even if multiple branches share similar names in different cities.
• Secure Transactions: The code is a vital part of the secure electronic payment infrastructure, adding a layer of verification.
• Convenience: It enables seamless transfers from the comfort of your home or on the go, without visiting a bank branch.

Contact Section

Should you need to contact the THALI branch or the bank’s head office, here are the details:

• Branch Phone Number: 9771464304
• Branch Address: THALI, Nawada, 805126
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What is the IFSC code for Bihar Gramin Bank THALI branch?
A1: The IFSC code for the Bihar Gramin Bank, THALI branch, is PUNB0MBGB06.

Q2: Is the MICR code important for online transfers?
A2: No, the MICR code (Magnetic Ink Character Recognition) is primarily used for processing physical cheques. For online fund transfers like NEFT, RTGS, or IMPS, only the IFSC code is required along with the beneficiary’s account details.

Q3: What happens if I use an old IFSC code for a merged bank?
A3: If you use an outdated or revoked IFSC code, especially after a bank merger, your transaction will likely fail or be rejected. It is crucial to always use the most current IFSC code, like PUNB0MBGB06 for this branch, to ensure successful transfers.

Q4: Can I use the IFSC code to check my bank balance?
A4: No, the IFSC code is only for identifying the bank branch during fund transfers. You cannot use it to check your bank balance. To check your balance, you need to use your internet banking login, mobile banking app, or an ATM.

Q5: Why is the fifth character of the IFSC code always ‘0’?
A5: The fifth character is a ‘0’ (zero) and acts as a control character. It is kept as a placeholder to allow for future expansion or changes in the IFSC code structure if needed by the Reserve Bank of India.