Bihar Gramin Bank Panchveer IFSC Code

The Bihar Gramin Bank, Panchveer branch is located in Panchveer town, Begusarai district, Bihar, PIN 851217. This IFSC code is required when you send or receive electronic fund transfers such as NEFT, RTGS and IMPS. The IFSC lets the payment system route money to the correct bank and branch. Without the correct IFSC and account details, transfers may fail or be delayed.

Branch Details

Merger Update

Note on earlier regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been consolidated under the sponsorship of Punjab National Bank. After the consolidation, branches now operate using the unified IFSC code format under Punjab National Bank. The Panchveer branch uses the IFSC PUNB0MBGB06 for all electronic transfers. Any older UBGB or DBGB IFSC codes have been revoked and are no longer valid for NEFT/RTGS/IMPS. Use only the new IFSC for transactions.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to route electronic payments in India.

• First 4 characters = bank code (for example, PUNB = Punjab National Bank).
• 5th character = always 0 (reserved for future use).
• Last 6 characters = branch identifier (for example, MBGB06 identifies the specific branch).
• Example: PUNB0MBGB06 splits as PUNB | 0 | MBGB06.

How to Use the IFSC Code for NEFT, RTGS and IMPS

• Open your bank’s netbanking, mobile app, or visit a branch counter.
• Choose the transfer type: NEFT, RTGS or IMPS. IMPS is instant; NEFT and RTGS depend on your bank’s timing and rules.
• Add a new beneficiary. Enter the beneficiary name exactly as on their account.
• Enter the beneficiary account number.
• Enter the IFSC code: PUNB0MBGB06 for Bihar Gramin Bank, Panchveer.
• Enter the transfer amount and purpose. Verify all details before proceeding.
• Authenticate the transaction (OTP, PIN or token) as required by your bank.
• Save the beneficiary if you will pay them again. Note: banks may take a cooling period before first transfer to a new beneficiary.
• Check the transaction status in your app. If it fails or is returned, contact your bank with the transaction reference.

Benefits of Knowing the Correct IFSC

• Ensures funds reach the exact branch and account without delay.
• Prevents failed transfers and automatic returns.
• Required for online forms, salary credits and automated payments.
• Helps customer service locate transactions using the branch code and MICR.
• Reduces fraud risk by verifying the destination bank and branch before sending money.

Contact

Branch phone: 8102918660

Branch address: Panchveer, Begusarai, 851217

Head office address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll free: 18001807777

FAQs

• Q: Is PUNB0MBGB06 the only valid IFSC for Panchveer branch?

  A: Yes. Use PUNB0MBGB06 for electronic transfers to the Panchveer branch. Old UBGB/DBGB codes have been revoked after the consolidation under Punjab National Bank.

• Q: What happens if I enter the wrong IFSC but the correct account number?

  A: Results vary. If the wrong IFSC routes to a different bank or branch, the transfer may fail or be returned. If routing still reaches the correct bank and account number matches, it may succeed. To avoid risk, always confirm both IFSC and account number with the beneficiary.

• Q: How can I verify the IFSC before sending money?

  A: Check the IFSC printed on the beneficiary’s cheque leaf, passbook or a bank-issued document. Confirm with the beneficiary or call the branch number (8102918660) if unsure.

• Q: Can I use this IFSC for inward foreign remittances?

  A: For inward foreign remittances, banks generally require additional details such as SWIFT/BIC codes and beneficiary bank instructions. Contact the branch or your remitting bank for exact requirements.

• Q: The transfer is delayed or failed. What should I do?

  A: Note the transaction reference from your bank. Contact your bank’s customer care or the Panchveer branch at 8102918660 with the reference. If funds are debited but not credited within expected time, request your bank to raise a transaction trace.

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.