Bihar Gramin Bank Zilha Parishad IFSC Code

The Bihar Gramin Bank Zilha Parishad branch is located in Siwan, a district in the state of Bihar. When you need to send or receive money electronically, especially for important transactions like salary transfers, loan repayments, or business payments, you’ll rely on specific codes. The Indian Financial System Code, or IFSC code, is essential for securely transferring funds through systems like NEFT, RTGS, and IMPS. It acts like a unique digital address for the branch, making sure your money reaches the right bank and the correct recipient without errors.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Zilha Parishad
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100920
Branch Address	Zilha Parishad, SIWAN, 841226
Contact Number	9297954597
City	SIWAN
District	SIWAN
Pincode	841226
State	Bihar

Merger Update

The landscape of regional rural banks in Bihar has changed over time. Many local banks, including those that might have been known as Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), have been part of consolidation efforts. These banks have merged to form new entities, often sponsored by larger public sector banks.

Specifically, if you were dealing with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) previously, it’s important to know about their merger. Both these banks have now been integrated, and their operations fall under the umbrella of a new entity, which uses the common IFSC code PUNB0MBGB06. This new code is sponsored by Punjab National Bank.

This means that any old IFSC codes previously used for UBGB or DBGB branches have been revoked. They are no longer valid for any banking transactions. For all future electronic fund transfers, you must use the updated and unified IFSC code PUNB0MBGB06. Using an old or incorrect code will result in transaction failure.

What is an IFSC Code?

The IFSC code is an 11-character alphanumeric code that uniquely identifies every bank branch participating in electronic funds transfer in India. It’s designed to ensure that money sent through channels like NEFT, RTGS, and IMPS reaches the exact intended branch and account.

Here’s how the 11 characters are broken down:

• The first four characters are alphabetic and represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for this regional rural bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters are alphanumeric and identify the specific branch. In PUNB0MBGB06, “MBGB06” points to the Zilha Parishad branch within the Madhya Bihar Gramin Bank network.

How to Use IFSC Code

Using the IFSC code is straightforward for electronic fund transfers. Here’s how it typically works for NEFT, RTGS, and IMPS:

1. Log In: Access your online banking portal or mobile banking app. Alternatively, visit your bank branch to fill out a NEFT/RTGS form.
2. Select Transfer Type: Choose the type of transfer you want to make – NEFT, RTGS, or IMPS.
3. Add Beneficiary: If you haven’t transferred to this person or entity before, you’ll need to add them as a new beneficiary.
4. Enter Beneficiary Details:
   • Beneficiary Name (the name of the person or company receiving money)
   • Beneficiary Account Number (their bank account number)
   • Confirm Beneficiary Account Number
   • Beneficiary Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary IFSC Code (e.g., PUNB0MBGB06 for Zilha Parishad branch)
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm and Authorize: Review all the details carefully to prevent errors. Once confirmed, authorize the transaction, usually with a password, PIN, or OTP (One Time Password).

It’s crucial to double-check the IFSC code and account number before confirming any transaction. An incorrect detail can lead to delays or, in worst-case scenarios, money being transferred to the wrong account, which can be difficult to recover.

Benefits of Knowing the IFSC Code

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

• Ensures Accurate Transfers: It guarantees that your money is routed to the precise branch and bank account it’s intended for, preventing misdirected funds.
• Facilitates Fast Transactions: IFSC codes are integral to electronic transfer systems (NEFT, RTGS, IMPS), allowing for quicker processing compared to traditional methods like cheques.
• Enhances Security: By uniquely identifying each branch, the IFSC code adds a layer of security to online transactions, reducing the chances of fraud or errors.
• Mandatory for Digital Banking: For any online or mobile banking fund transfer within India, providing the correct IFSC code for the beneficiary’s branch is a mandatory step.
• Simplifies Information: Instead of remembering complex routing details for different banks, the single 11-character code simplifies the information needed for transfers.

Contact Information

For inquiries related to the Zilha Parishad branch or the bank’s services, you can use the following contact details:

Branch Phone Number: 9297954597

Branch Address: Zilha Parishad, SIWAN, 841226, Bihar

Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number: 18001807777

FAQs

What is the IFSC code for Bihar Gramin Bank Zilha Parishad branch?

The IFSC code for the Bihar Gramin Bank Zilha Parishad branch is PUNB0MBGB06.

Why is the IFSC code important for online transactions?

The IFSC code is crucial because it acts as a unique identifier for a specific bank branch. It ensures that money transferred electronically via NEFT, RTGS, or IMPS reaches the correct beneficiary account at the right bank branch without any errors.

What happened to the old IFSC codes of Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?

Due to mergers, the old IFSC codes for Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. All transactions for branches now operating under the consolidated entity, sponsored by Punjab National Bank, must use the new, unified IFSC code PUNB0MBGB06.

Can I use the Zilha Parishad branch’s IFSC code for NEFT and RTGS?

Yes, the IFSC code PUNB0MBGB06 is essential and must be used for initiating both NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) transactions to or from the Zilha Parishad branch of Bihar Gramin Bank.

How can I find the head office address of Madhya Bihar Gramin Bank?

The head office address for Madhya Bihar Gramin Bank (which uses the IFSC PUNB0MBGB06) is SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR.