Looking for the IFSC code of Assam Gramin Vikash Bank‘s branch located in Guwahati? The branch, with address 4th Floor, Bholanath Mandir Path, Near Fire Brigade H.Q., Rehabari, Guwahati, Assam, has an IFSC code PUNB0RRBAGB that you need for initiating any financial transaction.
|Assam Gramin Vikash Bank Address
|4th Floor, Bholanath Mandir Path, Near Fire Brigade H.Q., Rehabari, Guwahati, Assam
This particular Assam Gramin Vikash Bank branch has also enabled the Interbank Mobile Payment Service (IMPS) system for its account holders. So what is the IMPS and how does it help account holders of the bank branch with IFSC code PUNB0RRBAGB?
IMPS by National Payments Corporation of India enables digital transfer of funds instantly on a 24×7 basis. Customers can use mobile or internet banking options to send and receive money via IMPS in real-time, instead of waiting for traditional NEFT and RTGS transfers to go through.
Therefore, with IMPS activated in the Guwahati branch, Assam Gramin Vikash Bank customers holding accounts at this location can enjoy instant, round-the-clock money transfer facilities. The process becomes faster through mobile devices, improving access without the need to visit bank branches for routine money movement.
So for quick money transfers while shopping, paying utility bills or sending urgent funds, residents of Guwahati having accounts in Assam Gramin Vikash Bank’s IFSC code PUNB0RRBAGB branch can now utilize instant, device-agnostic IMPS platform anytime. This adds convenience, especially for busy, always-on-the-move consumers.
Assam Gramin Vikash Bank IFSC Code
The Assam Gramin Vikash Bank branch located in Guwahati has enabled Interbank Mobile Payment Service (IMPS) for its customers, allowing for instant bank-to-bank money transfers.
IMPS is a digital payment platform managed by the National Payments Corporation of India (NPCI) that permits round-the-clock transfer of money through mobile phones or internet banking. Transfers through IMPS occur in real-time, which provides convenience to customers over traditional NEFT and RTGS transfers that take longer to settle.
The key details for the Assam Gramin Vikash Bank’s Guwahati branch that has activated IMPS are:
- Address: 4th Floor, Bholanath Mandir Path, Near Fire Brigade H.Q., Rehabari, Guwahati, Assam
- IFSC Code: PUNB0RRBAGB
- MICR Code: 781009013
- Contact Number: 0361-2341576
What is Assam Gramin Vikash Bank new IFSC code
Allocation of new IFS Code for branches of AGVB : PUNB0RRBAGB
As part of amalgamation of Assam Gramin Vikash Bank’s sponsor Bank, erstwhile UBI with PNB, RBI has allotted new IFSC for all branches of Assam Gramin Vikash Bank (AGVB). The newly allotted IFSC for AGVB is PUNB0RRBAGB (5th Character is Zero). The changed IFSC shall be effective from 25.03.2021. Customers of the Bank are requested to use the new IFS Code while making NEFT / RTGS / Mobile Banking transactions. Public in general and customers of the Bank in particular are requested to co-operate with the Bank for smooth transactions with the changed IFS Code.
The availability of IMPS will make digital payments faster for the bank’s patrons. Customers with an account at this Assam Gramin Vikash Bank branch can now instantly send or receive money using IMPS through their mobile banking application or website. This improves access and convenience for 24×7 money transfers on the go.
As more banks enable innovative payment systems like IMPS, digital payments in India are expected to rise, in line with the government’s vision for a less-cash economy. Residents of Guwahati can now enjoy instant, round-the-clock money transfer facilities by leveraging IMPS through their Assam Gramin Vikash Bank accounts.
Frequently asked questions about Assam Gramin Vikash Bank
Q – What is the new IFSC code of Assam Gramin Vikash Bank?
A – The IFSC code for the Assam Gramin Vikash Bank branch located in Guwahati is PUNB0RRBAGB. This code is required to make NEFT, RTGS and IMPS transactions from accounts held at this branch address on G.S. Road, Bhangagarh, Pin- 781001.
Q – What is the IFSC code of Assam Gramin Vikash Bank Bhangagarh?
A – The IFSC code for the Bhangagarh branch of Assam Gramin Vikash Bank is PUNB0RRBAGB.
Q – Is Assam Gramin Vikash Bank under PNB?
A – Assam Gramin Vikash Bank falls under the ownership of the Ministry of Finance, Government of India. It was formed in 2006 by amalgamating four regional rural banks sponsored earlier by United Bank of India, now called Punjab National Bank.
Q – What is Assam Gramin Vikash Bank in short form?
A – AGVB is the short form used for Assam Gramin Vikash Bank. As a sole regional rural bank of the state, it is owned by India’s central government Ministry of Finance.
Q – What is the assam gramin vikash bank ifsc code karbi anglong ?
A – PUNB0RRBAGB
About Assam Gramin Vikash Bank –
Assam Gramin Vikash Bank (AGVB) is a regional rural bank operating in the state of Assam, India. It was established on January 12, 2006 through the amalgamation and merger of four pre-existing regional rural banks – Pragjyotish Gaonlia Bank, Lakhimi Gaonlia Bank, Cachar Gramin Bank and Subansiri Gaonlia Bank.
These previous banks were originally sponsored by the United Bank of India, now called Punjab National Bank. As a regional rural bank, Assam Gramin Vikash Bank is fully owned by the Government of India through the Ministry of Finance. AGVB is headquartered in Guwahati and serves as the lone regional rural bank in the state of Assam with the purpose of fostering rural and agricultural development.
It has a network of over 200 branches across 10 districts to offer banking and financial services tailored to rural customers and farmers. As on March 31, 2022, Assam Gramin Vikash Bank had total business levels amounting to INR 8,283 crore.
Benefits of IFSC Code –
Here are some of the key benefits of using IFSC codes:
- Assam Gramin Vikash Bank IFSC code Enables seamless electronic financial transactions like NEFT, RTGS, IMPS transfers between two banking accounts. IFSC code allows accurate routing of funds transfer requests.
- Eliminates the need to provide lengthy bank account details for transferring funds – only the IFSC code is enough. This saves effort and reduces errors.
- It speeds up the fund transfer process as both the sender and receiver banks can easily identify transaction details through a single IFSC code.
- Helps quickly validate customer account details during addition of new payee accounts for online transfers. IFSC enables user convenience.
- Assists reconciliation activities between trading partners for payments and settlements via electronic transfers. Streamlines accounting processes.
- Government bodies use Aadhaar-mapped IFSC for seamless Direct Benefit Transfers (DBT) into individual bank accounts, facilitating financial inclusion.
Therefore, the IFSC code makes digital payments and financial transactions smoother while also promoting transparency as well as higher efficiency in the banking system.