Bihar Gramin Bank Bhagalpur IFSC Code

The Bihar Gramin Bank branch in Bhagalpur is a key financial institution for residents and businesses in the area. For any online money transfers to an account in this branch, you need its Indian Financial System Code (IFSC). This 11-character code is essential for directing funds correctly through popular payment systems like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC acts as a unique address, ensuring your transaction reaches the intended branch without delay or error.

Branch Details

Important Merger Update

Previously, Bihar had two regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). These two banks have been merged to form a single entity, now known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).

As a result of this merger, all old IFSC codes belonging to DBGB and UBGB have been revoked and are no longer valid. All branches, including the Bhagalpur branch, now use a new IFSC code format that starts with ‘PUNB’. For any fund transfers, you must use the new code, PUNB0MBGB06, to avoid transaction failures.

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 the country’s electronic payment systems. The code has a specific structure that helps route transactions accurately.

Let’s break down the Bhagalpur branch IFSC code, 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 system upgrades.
• MBGB06: The last six characters are the unique identifier for the specific branch, in this case, the Bhagalpur branch.

How to Use the IFSC Code for Fund Transfers

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

1. Add a Beneficiary: Before sending money for the first time, you need to add the recipient as a beneficiary or payee. Go to the ‘Fund Transfer’ or ‘Payments’ section and select ‘Add Beneficiary’.
2. Enter Recipient Details: You will be asked to provide the recipient’s name, their bank account number, and the bank name.
3. Provide the IFSC Code: In the designated field, carefully enter the 11-character IFSC code of the recipient’s branch. For the Bihar Gramin Bank in Bhagalpur, this is PUNB0MBGB06.
4. Verify and Confirm: Double-check all the details you have entered. Once confirmed, the beneficiary will be added, and you can proceed with your NEFT, RTGS, or IMPS transaction.

Benefits of Using the Correct IFSC Code

Knowing and using the correct IFSC code offers several practical benefits:

• Transaction Accuracy: It eliminates the risk of sending money to the wrong bank branch, ensuring your funds reach the intended recipient.
• Error Reduction: The banking system automatically validates the IFSC code. If an invalid code is entered, the system will flag it, preventing a failed or misdirected transaction.
• Faster Payments: Correct codes enable automated processing by the payment networks, leading to quicker settlement of funds.
• System Security: The standardized IFSC system, managed by the RBI, provides a secure and reliable framework for all electronic fund transfers in India.

Contact Information

For any questions or direct assistance, you can reach out to the bank.

• Branch Phone Number: 8102918733 / 34
• Branch Address: Bihar Gramin Bank, Bhagalpur, Bhagalpur, Bihar – 812001
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?

After the merger of DBGB and UBGB, the newly formed Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). Therefore, all new IFSC codes are issued under PNB’s identifier, ‘PUNB’.

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

While your account number may remain the same, you must use the new IFSC code for all online transactions. It is recommended to get an updated passbook from the branch to reflect the new details.

3. Is the IFSC code the same for every branch of Bihar Gramin Bank?

No. While the first four letters (‘PUNB’) are common, the last six characters are unique to each branch. Always verify the specific IFSC code for the branch you are sending money to.

4. What happens if I accidentally use an old or incorrect IFSC code?

If the code is invalid, the transaction will be rejected by the system. If the code belongs to another branch, the payment might be delayed or credited to the wrong branch, requiring you to contact your bank to sort it out. Always double-check the code before confirming a payment.

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

The MICR code is a 9-digit number used for processing cheques. It is printed at the bottom of a cheque leaf, next to the cheque number. It is also listed in the branch details table above.

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.