Bihar Gramin Bank Vatayan IFSC Code

If you need to send or receive money to or from the Bihar Gramin Bank’s Vatayan branch in SIWAN, Bihar, understanding its Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address, ensuring your funds reach the correct bank and branch without errors. It’s essential for all major electronic fund transfers, including NEFT, RTGS, and IMPS, making your transactions smooth and secure.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Vatayan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100909
Branch Address	Vatayan, SIWAN, 841226
Contact Number	9297954588
City	SIWAN
District	SIWAN
Pincode	841226
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank is the result of a significant merger in the regional rural banking sector. Previously, there were two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks have now merged to form a single, unified entity known as Bihar Gramin Bank. This new bank operates under the sponsorship of Punjab National Bank (PNB).

As a result of this merger, all branches of the former UBGB and DBGB now use a standardized IFSC code structure. The specific IFSC code for the Vatayan branch, PUNB0MBGB06, reflects this change. It is vital to understand that any old IFSC codes associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked and are no longer valid for transactions. For any fund transfers to or from Bihar Gramin Bank, including the Vatayan branch, you must exclusively use the new, consolidated IFSC code provided, which starts with “PUNB0”. Using an outdated IFSC code will lead to transaction failure.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It’s an 11-character alphanumeric code used to identify all bank branches in India that participate in online money transfers. Each character serves a specific purpose, ensuring precision in routing funds:

• The first four characters represent the bank name. For Bihar Gramin Bank, sponsored by Punjab National Bank, these characters are “PUNB”.
• The fifth character is always a zero (0). This character is reserved for future use, acting as a control character for potential changes in the banking system.
• The last six characters uniquely identify the specific bank branch. For the Vatayan branch, these are “MBGB06”.

So, for the Bihar Gramin Bank Vatayan branch, the IFSC code PUNB0MBGB06 breaks down as: “PUNB” for Punjab National Bank (the sponsor bank), “0” as the separator, and “MBGB06” specifically for the Vatayan branch.

How to Use the IFSC Code for Transfers

Using an IFSC code is straightforward when you’re making electronic fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service). Here’s how you generally use it:

1. Gather Recipient Details: Before initiating any transfer, you will need the recipient’s full name, their bank account number, their bank’s name (Bihar Gramin Bank), and the correct IFSC code for their specific branch (PUNB0MBGB06 for Vatayan).
2. Log in to Your Banking Platform: Access your net banking portal or mobile banking app.
3. Select Fund Transfer Option: Navigate to the “Fund Transfer” or “Payments” section.
4. Choose Transfer Type: Select NEFT, RTGS, or IMPS, depending on your urgency and amount. For example, RTGS is typically for large, urgent transfers, while NEFT handles smaller amounts. IMPS is instant and available 24/7.
5. Add New Beneficiary: If you haven’t sent money to this recipient before, you’ll need to add them as a new beneficiary. This involves entering all the details you gathered in step 1.
6. Enter IFSC Code: When prompted, carefully type or paste the IFSC code PUNB0MBGB06 into the designated field. The system will usually auto-populate the bank and branch name once a valid IFSC is entered, allowing you to cross-verify.
7. Enter Amount and Confirm: Input the amount you wish to transfer and confirm all the details before proceeding. An incorrect IFSC code will result in the transaction failing or, in rare cases, funds being routed incorrectly.

Benefits of Knowing Your IFSC Code

Knowing and using the correct IFSC code for your bank or the recipient’s bank offers several key advantages:

• Ensures Accuracy: The primary benefit is preventing errors in money transfers. The unique 11-character code ensures that funds are routed to the precise branch account, reducing the risk of misdirected payments.
• Facilitates Online Transactions: It is a mandatory requirement for all online fund transfers (NEFT, RTGS, IMPS), making it possible to send and receive money digitally across different banks in India.
• Speeds Up Transfers: By accurately identifying the destination branch, the IFSC code helps in faster processing of electronic payments, especially for time-sensitive transactions like RTGS.
• Enhances Security: The specific identification provided by the IFSC code adds a layer of security to transactions, as funds are directed to a verified and specific bank branch.
• Simplifies Banking: For bank customers, easily finding and using the IFSC code simplifies the process of sending or receiving money, removing the need for physical branch visits for transfers.

Contact Information

Should you need to contact the Bihar Gramin Bank, Vatayan branch, or the Head Office, here are the details:

• Vatayan Branch Phone Number: 9297954588
• Vatayan Branch Address: Vatayan, SIWAN, 841226
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions

Q1: What is the IFSC code for Bihar Gramin Bank Vatayan branch?
A1: The IFSC code for Bihar Gramin Bank, Vatayan branch, located in SIWAN, Bihar, is PUNB0MBGB06.

Q2: Is the old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code still valid for transfers to Bihar Gramin Bank?
A2: No, old IFSC codes from Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) are no longer valid. Following the merger, all branches now use a unified IFSC code structure under Punjab National Bank. You must use the new IFSC code, such as PUNB0MBGB06, for all transactions.

Q3: Why is the fifth character of the IFSC code always a ‘0’?
A3: The fifth character of the IFSC code is a ‘0’ (zero) and is reserved for future use by the Reserve Bank of India (RBI). It acts as a control character, providing flexibility for potential expansions or changes in the Indian financial system without requiring a complete overhaul of the existing IFSC structure.

Q4: Can I make an online fund transfer without knowing the IFSC code?
A4: No, an IFSC code is mandatory for all online fund transfers in India, including NEFT, RTGS, and IMPS. The code is essential for the banking system to correctly identify the recipient’s specific bank and branch for successful processing of the transaction.

Q5: What is the difference between an IFSC code and a MICR code?
A5: An IFSC code (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS) to identify specific bank branches. A MICR code (Magnetic Ink Character Recognition) is a 9-digit numeric code primarily used for processing paper-based cheque payments. It helps to quickly and accurately identify the bank and branch issuing a cheque.