Bihar Gramin Bank KHATANGI (KURTHA) IFSC Code

The Bihar Gramin Bank branch in Khatangi, located in the Kurtha block of Arwal district, Bihar, serves as a key financial touchpoint for the local community. For anyone looking to send or receive money electronically through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code is mandatory for all online fund transfers, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code acts like a specific address, ensuring that your money reaches the correct bank branch without any errors or delays.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	KHATANGI (KURTHA)
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	KHATANGI (KURTHA), Arwal, 804421, Bihar
Contact Number	9771464110
City	Arwal
District	Arwal
Region	AURANGABAD
Pincode	804421
State	Bihar

Merger and Updated IFSC Code

Previously, Bihar was served by two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since been amalgamated to form a single entity, now known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).

As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB have been discontinued. It is crucial to note that only the new IFSC codes, which start with ‘PUNB’ (the code for Punjab National Bank), are valid for all transactions. Using an old, revoked IFSC code will result in failed or returned payments. For the Khatangi (Kurtha) branch, the only correct and active IFSC code is PUNB0MBGB06.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the electronic funds transfer system. The code is structured to provide specific information about the bank and its branch.

Let’s break down the IFSC code PUNB0MBGB06:

• PUNB: The first four alphabetic characters represent the bank’s name. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• 0: The fifth character is always a zero. It is reserved for future use by the RBI.
• MBGB06: The last six characters identify the specific branch. For Bihar Gramin Bank, this part often begins with ‘MBGB’ followed by a numeric code for the branch location.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for online banking is a straightforward process. Whether you are using a mobile banking app or a web portal, the steps are generally the same for NEFT, RTGS, or IMPS transactions.

1. Log in to Your Net Banking Account: Access your bank account through its official website or mobile application.
2. Navigate to Fund Transfer: Select the option for fund transfer and choose your preferred method (NEFT, RTGS, or IMPS).
3. Add a Beneficiary (Payee): If you haven’t sent money to this person before, you will need to add them as a beneficiary. You will be asked for their name, account number, and bank details.
4. Enter the IFSC Code: This is where you will input the recipient’s bank branch IFSC code. For the Khatangi (Kurtha) branch, you would enter PUNB0MBGB06. The system often auto-populates the bank and branch details upon entering the code.
5. Complete the Transaction: Enter the amount you wish to transfer, an optional remark, and confirm the details. You will likely need to authenticate the transaction with an OTP or transaction password.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The primary benefit is that it routes your funds to the exact intended bank branch, eliminating guesswork and reducing errors.
• Prevents Failed Transactions: Using a valid IFSC code prevents your transaction from being rejected, which saves time and avoids the hassle of re-initiating the payment.
• Speeds Up Processing: Electronic fund transfer systems are automated. The correct IFSC code allows for quick, seamless processing without manual intervention.
• Enables Secure Transfers: It is a key component of the security framework for online payments, ensuring that money is directed through official and verifiable channels.

Contact Information

For any direct inquiries or assistance, you can reach out to the branch or the bank’s head office.

• Branch Phone Number: 9771464110
• Branch Address: Bihar Gramin Bank, KHATANGI (KURTHA), Arwal, Bihar – 804421
• Head Office Address: Bihar Gramin Bank, Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
• Toll-Free Number: 1800-180-7777

Frequently Asked Questions

1. What is the new IFSC code for Bihar Gramin Bank’s KHATANGI (KURTHA) branch?
The correct and updated IFSC code for the Khatangi (Kurtha) branch is PUNB0MBGB06. This code should be used for all NEFT, RTGS, and IMPS transactions.

2. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
The code starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). After the merger of regional rural banks, the sponsor bank’s code is used as the prefix for the new IFSC codes.

3. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) passbook or chequebook?
No. Following the merger, all old IFSC codes and MICR codes from Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are invalid. You must use the new passbook and chequebook issued by Bihar Gramin Bank with the updated details.

4. What happens if I use an old or incorrect IFSC code?
If you use an incorrect IFSC code, the transaction will most likely fail, and the money will be credited back to your account within a few hours or days. In rare cases, if the wrong code corresponds to another branch, the funds might be misdirected, causing significant delays.

5. Is the IFSC code the same as the MICR code?
No, they are different. The IFSC code is an 11-character code used for online fund transfers. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf, used for faster cheque processing.