Bihar Gramin Bank Aliganj (Bhagalpur) IFSC Code

The Bihar Gramin Bank branch in Aliganj, located in the Bhagalpur district of Bihar, provides essential banking services to the local community. For anyone looking to send or receive money online through this branch, understanding its Indian Financial System Code (IFSC) is crucial. This unique 11-character code is mandatory for all electronic fund transfers in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It acts like a specific address, ensuring that your money reaches the correct bank branch without any errors or delays.

Branch Details

Important Merger Update

Bihar Gramin Bank was formed by the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This new entity is sponsored by Punjab National Bank (PNB). Following this merger, the banking system was streamlined. All former branches of both UBGB and DBGB, including the Aliganj branch, now operate under Bihar Gramin Bank and use a single, unified IFSC code for all transactions: PUNB0MBGB06. Please note that all old IFSC codes previously used for Dakshin Bihar Gramin Bank have been discontinued. Using an old or invalid code will result in a failed transaction, so it is essential to use only the new IFSC code for all fund transfers.

What is an IFSC Code?

The IFSC code is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the electronic funds transfer system. The code has a specific structure that helps route transactions correctly.

Let’s break down the IFSC code PUNB0MBGB06:

• PUNB: The first four letters represent the name of the sponsor bank. In this case, it’s Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use by the RBI.
• MBGB06: The last six characters uniquely identify the bank. After the merger, “MBGB06” was assigned as the code for Madhya Bihar Gramin Bank (the new name for the merged entity, often still referred to as Bihar Gramin Bank), and it is now used for all its branches.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for online banking is straightforward. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same for NEFT, RTGS, or IMPS.

1. Log in to Your Bank Account: Access your net banking or mobile banking application.
2. Add a Beneficiary: Navigate to the “Fund Transfer” or “Payments” section and select “Add Beneficiary” or “Add Payee.”
3. Enter Beneficiary Details: You will need to provide the recipient’s name, bank account number, and the name of their bank.
4. Enter the IFSC Code: In the designated field, carefully type the correct 11-character IFSC code for the recipient’s branch. For any Bihar Gramin Bank branch, this is PUNB0MBGB06.
5. Verify and Confirm: Double-check all the details, especially the account number and IFSC code, before confirming the beneficiary. Once added, you can initiate the fund transfer.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The code directs your money to the exact bank and branch, eliminating the risk of it going to the wrong place.
• Prevents Delays: A correct IFSC code ensures your transaction is processed quickly. An incorrect code will cause the transaction to be rejected and the funds reversed, which can take time.
• Enables Automation: The banking system uses the IFSC code to automate the fund transfer process, making it fast and efficient without manual intervention.
• Universal Requirement: It is a mandatory requirement for all major online payment systems in India, including NEFT, RTGS, and IMPS.

Contact Information

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

Aliganj (Bhagalpur) Branch
Phone: 8102918697
Address: Aliganj (Bhagalpur), Bhagalpur, Bihar – 812005

Bihar Gramin Bank Head Office
Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
Toll-Free Number: 18001807777

Frequently Asked Questions

1. What is the new and correct IFSC code for Bihar Gramin Bank, Aliganj branch?

The correct and current IFSC code for the Aliganj branch, and all other branches of Bihar Gramin Bank, is PUNB0MBGB06.

2. Why does the Bihar Gramin Bank IFSC code start with “PUNB”?

It starts with “PUNB” because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The first four letters of an IFSC code always represent the sponsor or parent bank.

3. Can I still use my old Dakshin Bihar Gramin Bank IFSC code for transactions?

No. All old IFSC codes associated with Dakshin Bihar Gramin Bank (or Uttar Bihar Gramin Bank) are now invalid and have been revoked. Using them will cause your transaction to fail.

4. Is the IFSC code the same for all branches of Bihar Gramin Bank?

Yes. After the merger and system integration, all branches of Bihar Gramin Bank use the single, unified IFSC code PUNB0MBGB06 for all online fund transfers.

5. What should I do if my fund transfer fails due to an incorrect IFSC code?

If a transaction fails because of an incorrect IFSC code, the amount is automatically reversed and credited back to your account. This usually happens within a few hours to two business days. To avoid this, always verify you are using the new code.

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.