A packed bed bioreactor efficiently treated low-level radioactive waste for years with a retention time of 24 h using acetate as the sole carbon source. However, there was generation of dead biomass. This bioreactor biomass was used to develop a bacterial consortium, which could perform the function within 4 h while simultaneously accumulating nitrate and phosphate. The dead mass was negligible. Serial dilution technique was used to isolate the world's first pure culture of a nitrate accumulating strain from this consortium. This isolate could simultaneously accumulate nitrate and phosphate from solution. Its ability to form biofilm helped develop a packed bed bioreactor system for waste water treatment, which could optimally remove 94.46% nitrate within 11 h in batch mode while 8 h in continuous mode from waste water starting from 275 ppm of nitrate. The conventional approach revealed the strain to be a member of genus Bacillus but showed distinct differences with the type strains. Further insilico analysis of the draft genome and the putative protein sequences using the bioinformatics tools revealed the strain to be a novel variant of genus Bacillus. The sequestered nitrate and phosphate within the cell were visualized through electron microscopy and explained the reason behind the ability of the isolate to accumulate 1.12