The Bihar Gramin Bank branch in Lakhminia is located in the Begusarai district of Bihar. For anyone needing to send money to an account at this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code ensures that online fund transfers through systems like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) are routed correctly and securely to the intended bank branch, preventing errors and delays.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Lakhminia |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | Lakhminia, Begusarai, 851211, Bihar |
| Contact Number | 8102920481 |
| City | Begusarai |
| District | Begusarai |
| Pincode | 851211 |
| State | Bihar |
Important Merger Update
Bihar Gramin Bank was formed through the merger of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this amalgamation, the bank is now sponsored by Punjab National Bank (PNB). As a result, all old IFSC codes associated with UBGB and DBGB have been revoked and are no longer valid. For any transaction to the Lakhminia branch, you must use the new, official IFSC code: PUNB0MBGB06. Using an old code will cause the transaction to fail.
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 online fund transfer systems. The code has a specific structure that ensures accuracy.
Let’s break down the Lakhminia branch code, PUNB0MBGB06:
- PUNB: The first four letters represent the parent bank. In this case, it is Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters are the unique identifier for the specific branch. Here, it identifies the Lakhminia branch.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for an online money transfer is a straightforward process. When you add a new payee or beneficiary to your internet banking or mobile banking app, you will be asked for the following details:
- Beneficiary’s Name: The full name of the person or entity as it appears on their bank account.
- Beneficiary’s Account Number: The complete bank account number for the Lakhminia branch account.
- Bank Name: Select Bihar Gramin Bank.
- IFSC Code: Carefully enter PUNB0MBGB06.
After entering these details, you can proceed with your NEFT, RTGS, or IMPS transaction. Double-checking the IFSC code and account number is the most critical step to ensure the funds reach the correct destination.
Benefits of Using the Correct IFSC Code
- Ensures Accuracy: The code routes your money directly to the correct branch, eliminating the risk of it going to the wrong location.
- Faster Processing: Correct codes enable automated systems to process transactions quickly without manual intervention, leading to faster credit to the beneficiary’s account.
- Prevents Failed Transactions: Using a valid and current IFSC code, especially after a bank merger, prevents transaction rejections and the hassle of re-initiating the payment.
- Enhances Security: As a key part of the verification process, the IFSC code adds a layer of security to electronic fund transfers.
Contact Information
For any specific queries, you can contact the branch or the head office directly.
- Branch Phone Number: 8102920481
- Branch Address: Lakhminia, Begusarai, Bihar – 851211
- Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
- Toll-Free Number: 18001807777
Frequently Asked Questions
1. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. All IFSC codes from the pre-merger banks (DBGB and UBGB) are now invalid. You must use the new PNB-sponsored IFSC code, PUNB0MBGB06, for all transactions to the Lakhminia branch to be successful.
2. What happens if I enter the wrong IFSC code?
If the IFSC code you enter does not exist, the transaction will likely be rejected immediately by your bank. If the code exists but points to the wrong branch, the funds could be delayed or credited to an incorrect branch, requiring a lengthy process to resolve and retrieve the money.
3. Is the IFSC code the same for all Bihar Gramin Bank branches?
No. While the first four letters (PUNB) may be the same for all branches under PNB’s sponsorship, the last six characters are unique to each specific branch. Always verify the code for the exact branch you intend to send money to.
4. Where can I find the IFSC code for my branch?
The IFSC code is printed on the checkbook leaves issued by the bank. It is also usually mentioned on the first page of your bank passbook and can be found on your bank’s official website.
5. What is the difference between an IFSC code and a MICR code?
The IFSC code (e.g., PUNB0MBGB06) is used for online fund transfers like NEFT and RTGS. The MICR code (Magnetic Ink Character Recognition), which is a 9-digit code (e.g., 800811002), is used primarily for the electronic clearing of checks.
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.