Dakshin Bihar Gramin Bank IFSC Code, MICR Details, and more
If you're looking to transfer funds to or from Dakshin Bihar Gramin Bank (DBGB), you'll need to know its IFSC code. This unique code is crucial for smooth and secure electronic transactions. Let’s dive into what an IFSC code is, why it's important, and how you can find the IFSC code for DBGB.
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What is an IFSC Code?
If you don't know about the IFSC Code, then you are not the one, there a thousands of people who also don't know what is IFSC Code in banks. Very few people are aware that the Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to each bank branch in India.
It is used to identify specific branches during electronic fund transfers like NEFT, RTGS, and IMPS. If we talk about the format of the IFSC code is then it as follows:
- The first four characters represent the bank name.
- The fifth character is always '0' and is reserved for future use.
- The last six characters represent the specific branch code.
IFSC Code for Dakshin Bihar Gramin Bank PUNB0MBGB06
Now come to the main question, What is the IFSC Code of DBGB or Dakshin Bihar Gramin Bank? Every branch of Dakshin Bihar Gramin Bank has a unique IFSC code. For instance, the IFSC code for the Dakshin Bihar Gramin Bank IMPS branch in Patna is PUNB0MBGB06.
Let's understand some details about the IFSC Code:
- PUNB: PUNB Indicates the bank, which is Dakshin Bihar Gramin Bank, sponsored by Punjab National Bank.
- 0: 0 The fifth character is always zero.
- MBGB06: MBGB06Specifies the branch, in this case, the Dakshin Bihar Gramin Bank IMPS branch.
How to Find the IFSC Code?
You can find the IFSC code of a Dakshin Bihar Gramin Bank branch through several methods:
1. Bank Passbook and Cheque Leaf:
The IFSC code is usually printed on the bank passbook and cheque leaves issued by the bank.
2. Bank's Official Website:
Visit the official website of Dakshin Bihar Gramin Bank (dbgb.in) and navigate to the branch locator section.
3. RBI Website:
The Reserve Bank of India's website has a comprehensive list of IFSC codes for all banks and their branches.
4. Bank Statements:
Monthly bank statements often include the IFSC code of the branch.
Uses and Benefits of IFSC Code
The IFSC code is essential for:
- Unique Identification: It uniquely identifies each bank branch, ensuring accuracy in fund transfers.
- Smooth Fund Transfers: Facilitates easy and hassle-free electronic transfers of funds between bank accounts.
- Monitoring Transactions: Helps the RBI track and monitor banking transactions, reducing discrepancies.
MICR Code
Besides the IFSC code, another important identifier is the MICR code. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code printed on the bottom of cheques, used for faster and more secure processing of cheques. For example, the MICR code for the Patna branch is 800811002.
FAQs about Dakshin Bihar Gramin Bank IFSC Code and MICR Details
Here are the most frequently asked questions about DBGB IFSC Code and MICR code;
What is an IFSC code?
The IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code used to identify specific bank branches during electronic fund transfers like NEFT, RTGS, and IMPS.
Why is the IFSC code important?
The IFSC code is crucial for accurate and secure electronic transactions, as it uniquely identifies each bank branch. This helps prevent errors and ensures that funds are transferred to the correct branch.
What is the IFSC code for Dakshin Bihar Gramin Bank?
The IFSC code for Dakshin Bihar Gramin Bank varies by branch. For example, the IFSC code for the Patna IMPS branch is PUNB0MBGB06.
How is the IFSC code formatted?
The IFSC code is structured with the first four characters representing the bank name, the fifth character being '0' (reserved for future use), and the last six characters indicating the specific branch code.
How can I find the IFSC code for my Dakshin Bihar Gramin Bank branch?
You can find the IFSC code by checking your bank passbook or cheque leaves, visiting the official Dakshin Bihar Gramin Bank website and using their branch locator, looking it up on the Reserve Bank of India's website, or referring to your monthly bank statements.
What is a MICR code?
The MICR (Magnetic Ink Character Recognition) code is a 9-digit code printed on the bottom of cheques. It is used to process cheques more quickly and securely.
What is the MICR code for the Patna branch of Dakshin Bihar Gramin Bank?
The MICR code for the Patna branch is 800811002.
How does the IFSC code benefit electronic transactions?
The IFSC code facilitates smooth and accurate electronic transfers of funds between bank accounts. It also helps the RBI monitor transactions to reduce errors and ensure the integrity of the transaction process.
Here we shared all the details about the DBGB Bank IFSC Code, if you have more question let us know.
