Bihar Gramin Bank Tola Khesar IFSC Code

The Tola Khesar branch of Bihar Gramin Bank is located in the Banka district of Bihar. For anyone needing to send or receive money online to an account at this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code identifies the specific bank branch involved in digital transactions, ensuring that funds transferred through systems like NEFT, RTGS, and IMPS reach the correct destination without errors.

Branch Details

Merger and IFSC Update

Previously, Bihar had two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have now merged to form a single entity, Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).

As a result of this merger, all old IFSC codes belonging to UBGB and DBGB branches are no longer valid. For all online fund transfers, customers must use the new IFSC codes, which start with the prefix ‘PUNB’, reflecting the sponsor bank. Using an outdated IFSC code will cause the transaction to fail. It is critical to update your records and use the new, correct code for any future transactions.

What is an IFSC Code?

The IFSC is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in electronic fund transfers. The code has a specific structure that helps route transactions correctly.

Let’s break down the code PUNB0MBGB06:

• First 4 Characters (PUNB): These letters represent the bank’s name. In this case, it is Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• Fifth Character (0): This is always a zero. It is a control character reserved for future use.
• Last 6 Characters (MBGB06): This part identifies the specific bank branch. Each branch within a bank has a unique six-character code.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a straightforward process. Whether you use a bank’s mobile app or internet banking website, the steps are generally the same.

1. Log In: Access your internet banking account or mobile banking app.
2. Select Fund Transfer: Navigate to the fund transfer section and choose the payment method (NEFT, RTGS, or IMPS).
3. Add Beneficiary: If you haven’t sent money to this person before, you will need to add them as a beneficiary or payee.
4. Enter Details: You will be asked to provide the recipient’s details, including their name, bank account number, and the correct IFSC code (PUNB0MBGB06 for the Tola Khesar branch).
5. Verify and Confirm: Double-check all the entered details to ensure accuracy. Confirm the transaction by entering your password or OTP (One-Time Password).

Benefits of Using the IFSC Code

• Transaction Accuracy: The primary benefit is ensuring your money goes to the right bank and branch, eliminating the risk of misdirected funds.
• Faster Processing: The code allows for automated processing of transactions, which speeds up the time it takes for money to be credited to the recipient’s account.
• Error Reduction: It minimizes manual intervention, which significantly reduces the chances of human error during the fund transfer process.
• Enables Digital Banking: The IFSC system is the backbone of all major online fund transfer services in India, including NEFT, RTGS, and IMPS.

Contact Information

For any queries or assistance, you can contact the branch or the bank’s head office.

Tola Khesar Branch
Phone: 7061102705
Address: Tola Khesar, Banka, Bihar – 813207

Bihar Gramin Bank 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’?

Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). As per RBI guidelines, the IFSC codes of regional rural banks are based on their sponsor bank. Therefore, the code begins with ‘PUNB’.

What happens if I use an old IFSC code from before the merger?

If you use an old IFSC code belonging to the former Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, your transaction will be rejected. The old codes have been deactivated.

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

No. While the first four letters (‘PUNB’) are common for all branches, the last six characters are unique to each specific branch. You must use the code designated for the exact branch you are sending money to.

How can I find the IFSC code for a different branch?

You can find the IFSC code on a chequebook leaf from the specific branch, on the bank’s official website, or by contacting the branch directly.

Do I need an IFSC code for a UPI transaction?

No, you do not need to enter an IFSC code for standard UPI payments made to a VPA (Virtual Payment Address) or by scanning a QR code. However, the IFSC code is used in the background by the system to route the funds.

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.