Majhiawan branch of Bihar Gramin Bank is located in Aurangabad district of Bihar (PIN 824303). Its IFSC code is required to route electronic fund transfers such as NEFT, RTGS and IMPS. Using the correct IFSC ensures the receiving bank and branch are identified precisely so funds reach the right account quickly and without manual intervention.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | MAJHIAWAN |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7450 |
| Branch Address | MAJHIAWAN, Aurangabad, 824303, 9771464450 |
| Contact Number | 9771464450 |
| City | Aurangabad |
| District | Aurangabad |
| Reason | AURANGABAD |
| Pincode | 824303 |
| State | Bihar |
Merger Update
Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged and now operate under Punjab National Bank for electronic transfers. The unified IFSC in use for these merged rural bank branches is PUNB0MBGB06. Old UBGB and DBGB IFSC codes have been revoked. For any NEFT/RTGS/IMPS transaction you must use the new IFSC PUNB0MBGB06. Transactions attempted with revoked IFSC codes will fail or be returned.
What is IFSC Code?
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify bank branches for electronic funds transfer. The structure is fixed:
- First 4 characters = bank code (example: PUNB for Punjab National Bank)
- 5th character = always 0 (reserved)
- Last 6 characters = branch identifier (example: MBGB06 in PUNB0MBGB06)
So for PUNB0MBGB06: PUNB = Punjab National Bank, 0 = reserved, MBGB06 = MAJHIAWAN/merged branch code.
How to Use IFSC Code
Use the IFSC when adding a beneficiary or making a transfer via netbanking, mobile banking, or at a branch. Typical steps:
- Open your bank’s transfer page (Fund Transfer / Add Beneficiary).
- Choose the transfer type: NEFT, RTGS or IMPS. (IMPS is instant, NEFT is widely used, RTGS for high-value transfers; confirm bank limits and charges.)
- Enter beneficiary name exactly as in their account records.
- Enter beneficiary account number and reconfirm it.
- Enter IFSC: PUNB0MBGB06 for Bihar Gramin Bank, MAJHIAWAN branch.
- Optionally enter branch name and contact details for your record.
- Save beneficiary (many banks require beneficiary activation which can take minutes to a day).
- Initiate the transfer and authenticate (OTP / token). Keep the transaction reference for tracking.
Notes:
- All three systems (NEFT, RTGS, IMPS) validate IFSC. If the IFSC does not match bank/branch details, the transfer may fail.
- Check your bank’s transfer limits and timings. IMPS and NEFT are available 24×7 in most banks; confirm RTGS availability and charges with your bank.
Benefits of Knowing the IFSC
- Ensures funds route to the correct bank and branch automatically.
- Reduces failed transactions and delays in fund clearing.
- Needed for adding beneficiaries in netbanking and mobile apps.
- Required for receiving online payments, salary credits, and vendor payments.
- Helps verify account details when accepting electronic transfers.
Contact
Branch Phone No: 9771464450
Branch Address: MAJHIAWAN, Aurangabad, 824303
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free No: 18001807777
FAQs
Q: What is the IFSC for Bihar Gramin Bank MAJHIAWAN?
A: The IFSC is PUNB0MBGB06.
Q: Can I use an old UBGB or DBGB IFSC for transfers?
A: No. UBGB and DBGB IFSCs have been revoked after merger. Use the new IFSC PUNB0MBGB06 only. Old codes will lead to failed transactions.
Q: What is the difference between IFSC and MICR?
A: IFSC (11 characters) is used for electronic fund transfers (NEFT/RTGS/IMPS). MICR (9 digits) is used for cheque clearing in the banking system. Both identify branches but serve different clearing channels.
Q: What happens if I enter the wrong IFSC during transfer?
A: If the IFSC does not match the beneficiary bank details, the bank or the payment system will usually reject the payment and reverse the amount. If the account number and IFSC combination matches a different valid account, the funds could go to that account, so double-check both fields before confirming.
Q: How do I verify this IFSC before transferring?
A: Confirm the IFSC from a cheque leaf, bank passbook, or by calling the branch at 9771464450 or the bank’s toll-free number 18001807777. Also verify the head office address if needed: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030.
Q: Are there any limits or charges I should know about?
A: Limits and charges vary by bank and transaction type. IMPS is usually for immediate smaller transfers, NEFT for general transfers, and RTGS for larger amounts. Check with your bank for exact limits, fees, and timings before initiating high-value transfers.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.