The Bihar Gramin Bank branch in Bachhwara, located in the Begusarai district of Bihar, provides essential banking services to the local community. For anyone looking to send or receive money online, understanding the branch’s IFSC code is critical. This unique code is a mandatory requirement for all electronic fund transfers in India, including NEFT, RTGS, and IMPS. It acts like a specific address, ensuring your money reaches the correct bank branch without any errors or delays.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Bachhwara |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | Bachhwara, Begusarai, Bihar – 851111 |
| Contact Number | 8102918645 |
| City | Begusarai |
| District | Begusarai |
| State | Bihar |
Merger and IFSC Update
It is important to note that Bihar Gramin Bank was formed by the merger of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, the bank is now sponsored by Punjab National Bank (PNB). As a result, all old IFSC codes belonging to UBGB and DBGB have been discontinued. For all transactions to the Bachhwara branch, you must use the new, unified IFSC code: PUNB0MBGB06. Using an old or incorrect code will lead to transaction failure.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code that uniquely identifies a bank branch participating in online fund transfer systems. The structure is consistent across all banks in India.
Let’s break down the IFSC code for the Bachhwara branch, PUNB0MBGB06:
- PUNB: The first four letters represent the sponsor bank, which is Punjab National Bank.
- 0: The fifth character is always a zero. It is reserved for future use by the Reserve Bank of India.
- MBGB06: The last six characters are the unique code assigned to the Bachhwara branch of Bihar Gramin Bank.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for an online money transfer is a straightforward process. Whether you are using your bank’s mobile app or internet banking portal, the steps are generally the same for NEFT, RTGS, or IMPS.
- Log in to your internet banking or mobile banking application.
- Navigate to the “Fund Transfer” or “Payments” section.
- Choose the option to add a new beneficiary or payee.
- Enter the recipient’s details: their name, account number, and the bank name.
- You will be prompted to enter the IFSC code of the recipient’s branch. For the Bachhwara branch, you would enter PUNB0MBGB06.
- Verify all the details and confirm the transaction. The IFSC code ensures the funds are routed directly to the intended branch.
Benefits of Using the Correct IFSC Code
- Accuracy: It eliminates errors by directing funds to the exact bank branch.
- Speed: Correct codes enable faster processing of NEFT, RTGS, and IMPS transactions.
- Security: It adds a layer of verification, reducing the risk of funds being sent to an incorrect account.
- Mandatory Requirement: It is essential for all forms of electronic inter-bank transfers in India.
Contact Information
For any direct queries or assistance, you can reach out to the branch or the head office.
- Branch Phone Number: 8102918645
- Branch Address: Bachhwara, Begusarai, Bihar – 851111
- Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
- Toll-Free Number: 18001807777
Frequently Asked Questions
Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The Reserve Bank of India has mandated that the IFSC codes for sponsored rural banks begin with the first four letters of the sponsor bank’s name.
Can I still use my old Uttar Bihar Gramin Bank (UBGB) IFSC code?
No. All old IFSC codes from the pre-merger era of UBGB and DBGB are now invalid. You must use the new code, PUNB0MBGB06, for all transactions to this branch to avoid failure.
What happens if I enter the wrong IFSC code?
If you enter an incorrect IFSC code, the transaction will most likely be rejected and the money will be credited back to your account within a few hours or days. However, in a rare case where the wrong IFSC code and account number combination exists at another branch, the funds could be misdirected. It’s always best to double-check the code before confirming a transfer.
Is the IFSC code the same for all branches of Bihar Gramin Bank?
No. While the first four letters (PUNB) are the same for all branches, the last six characters are unique to each specific branch. For example, the code for the Bachhwara branch (MBGB06) is different from the code for any other branch.
Where can I find the IFSC code for my branch?
You can find the IFSC code printed on your bank-issued chequebook and passbook. It is also available on the bank’s official website or by contacting the branch directly.
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.