Bihar Gramin Bank WALIDAD IFSC Code

The WALIDAD branch of Bihar Gramin Bank is located in the Arwal district of Bihar. For anyone needing to send money 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 online transactions, ensuring that funds transferred through systems like NEFT, RTGS, and IMPS reach the correct destination without errors or delays.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	WALIDAD
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	WALIDAD, Arwal, 804402, Bihar
Contact Number	9771464132
City	Arwal
District	Arwal
State	Bihar

Important Merger Update

Bihar Gramin Bank was formed through the amalgamation of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, Punjab National Bank (PNB) became the sponsor bank. As a result, all old IFSC codes previously used by UBGB and DBGB have been discontinued.

For any online transaction to a Bihar Gramin Bank account, you must now use the new IFSC code format, which begins with PUNB. The correct and currently valid IFSC code for the WALIDAD branch is PUNB0MBGB06. Using an old or incorrect code will cause your transaction to fail.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer network. This code ensures that money is routed to the correct bank and branch.

Let’s break down the WALIDAD branch IFSC code, PUNB0MBGB06:

• PUNB: The first four letters represent the sponsor bank, which is Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters identify the specific branch. In this case, it points to the WALIDAD branch of Bihar Gramin Bank.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for online banking is straightforward. Whether you are using NEFT for standard transfers, RTGS for high-value transactions, or IMPS for immediate payments, the process is similar.

1. Log in to your internet banking portal or mobile banking app.
2. Navigate to the “Fund Transfer” or “Payments” section and choose “Add Beneficiary” or “Add Payee.”
3. Enter the recipient’s account details: name, account number, and the bank name.
4. You will be prompted to enter the IFSC code. For the WALIDAD branch, you would input PUNB0MBGB06.
5. The system often verifies the code and displays the branch name for confirmation.
6. Once the beneficiary is added, you can initiate the transfer by selecting their name, entering the amount, and authorizing the transaction.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: It directs your money to the exact bank branch, eliminating the risk of it going to the wrong place.
• Prevents Delays: A correct code allows for automated, seamless processing. An incorrect code will lead to a failed transaction and delays.
• Identifies the Branch: The code acts as a digital address for the branch, making electronic transactions systematic and efficient.
• Enables Automation: It is the key piece of information that electronic transfer systems like NEFT, RTGS, and IMPS use to automate fund routing.

Contact Information

For direct assistance, you can reach out to the branch or the head office.

• Branch Contact: 9771464132
• Branch Address: WALIDAD, Arwal, Bihar – 804402
• Head Office Address: Bihar Gramin Bank, 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’?

It starts with ‘PUNB’ because Punjab National Bank is the sponsor bank for Bihar Gramin Bank after the merger of regional rural banks. The IFSC code format reflects the sponsor bank’s identity.

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

If you use an old, invalid IFSC code, your transaction will be rejected. The funds will be reversed and returned to your account, but this can take a few business days.

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

No. While the first four letters (‘PUNB’) are common, the last six characters are unique to each branch. You must use the specific code for the branch where the account is held.

Where can I find the IFSC code on my chequebook?

The IFSC code is usually printed on the top of a cheque leaf, near the bank’s address. It is also printed on the first page of your bank passbook.

What is the difference between an IFSC code and a MICR code?

The IFSC code is used for online fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque and is used for faster cheque processing.