Bihar Gramin Bank Mirganj IFSC Code

The Mirganj branch of Bihar Gramin Bank is located in Begusarai, Bihar. For anyone looking to send or receive money to an account at this branch, using the correct Indian Financial System Code (IFSC) is crucial. This unique 11-character code is mandatory for all major online fund transfers in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC ensures that your transaction is routed correctly and reaches the intended bank branch without any errors or delays.

Branch Details

Merger and IFSC Update

Bihar Gramin Bank was formed through the amalgamation of two separate regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). After this merger, the new entity operates under the sponsorship of Punjab National Bank (PNB). Because of this change, all old IFSC codes that belonged to the former DBGB and UBGB branches have been revoked and are no longer valid. For all electronic transactions, customers must use the new, updated IFSC codes. The correct code for this bank, `PUNB0MBGB06`, reflects its association with Punjab National Bank. Attempting to use an old or incorrect code will result in a failed transaction.

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 every bank branch participating in the electronic funds transfer system. This code helps identify the specific branch involved in an online transaction, ensuring the money is sent to the right place.

The structure of the IFSC code is straightforward:

• First 4 Characters: These are letters representing the bank’s name. For example, in PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank.
• Fifth Character: This is always a zero (0). It is reserved for future use.
• Last 6 Characters: This part can be numbers or letters and represents the specific branch code. In PUNB0MBGB06, ‘MBGB06’ identifies the Mirganj branch.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a simple process. Whether you are using a mobile banking app or a web portal, the steps are generally the same.

1. Log in to your internet banking account or mobile banking app.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section and choose the transfer method (NEFT, RTGS, or IMPS).
3. Add the recipient as a ‘beneficiary’. You will need to enter their name, bank account number, and the IFSC code of their bank branch, which is PUNB0MBGB06 for the Mirganj branch.
4. After the beneficiary is added, enter the amount you wish to transfer.
5. Review all the details to ensure they are correct and confirm the transaction, usually with an OTP or transaction password.

Benefits of Using the Correct IFSC Code

• Accurate Routing: The primary benefit is that it guarantees your money is directed to the exact bank and branch, eliminating guesswork.
• Faster Transactions: By automating the identification process, IFSC codes help in quicker settlement of funds between banks.
• Error Prevention: The unique code for each branch significantly reduces the chances of human error that could lead to funds being sent to an incorrect account.
• Enables Digital Payments: The IFSC system is the foundation that makes modern digital transactions like NEFT, RTGS, and IMPS possible and reliable.

Contact Information

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

• Branch Contact Number: 8102918657
• Branch Address: Mirganj, Begusarai, Bihar – 851101
• Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. What is the IFSC code for the Bihar Gramin Bank Mirganj branch?

The IFSC code is PUNB0MBGB06.

2. Can I use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code for transactions?

No. All old IFSC codes from the pre-merger banks (DBGB and UBGB) are now invalid. You must use the new IFSC code for all transactions to be successful.

3. What happens if I enter the wrong IFSC code?

If the entered IFSC code does not exist, the transaction will be rejected immediately by your bank. If the code exists but belongs to a different branch, the funds could be sent to the wrong branch and may require a lengthy process to be reversed.

4. Are the IFSC and MICR codes the same?

No. The IFSC code is used for online fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found on cheques used for faster cheque processing.

5. Where else can I find the IFSC code for my branch?

You can find the IFSC code printed on your bank’s chequebook and passbook. It is also available on the bank’s official website and the RBI’s website.

Kriti Kumari

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.