Bihar Gramin Bank Jagdishpur IFSC Code

The Jagdishpur branch of Bihar Gramin Bank is located in the Bhagalpur district of Bihar. For anyone looking to send or receive money through this specific branch, understanding its Indian Financial System Code (IFSC) is essential. This 11-character code acts like a unique address for the bank branch in the digital banking world. It ensures that your funds, whether sent via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), are routed correctly and securely to the intended recipient’s account without any errors.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Jagdishpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	Jagdishpur, Bhagalpur, 813105, Bihar
Contact Number	8102918738
City	Bhagalpur
District	Bhagalpur
State	Bihar

Important Merger Update

Previously, banking services in the region were provided by two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since been amalgamated to form the single entity now known as Bihar Gramin Bank. Following this merger, the bank is sponsored by Punjab National Bank (PNB).

As a result, all old IFSC codes belonging to the former UBGB and DBGB branches are now invalid and have been revoked. For any online transaction, you must use the new IFSC code, which starts with ‘PUNB’. The correct and current IFSC code for the Jagdishpur branch is PUNB0MBGB06. Using an old code will lead to transaction failure.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer network. This code helps identify the specific branch involved in a transaction, ensuring the money goes to the right place. The structure is straightforward:

• First 4 Characters: These represent the name of the bank. In this case, PUNB stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• Fifth Character: This is always a zero (0). It is reserved for future use.
• Last 6 Characters: This part identifies the specific branch. For the Jagdishpur branch, the code is MBGB06.

How to Use the IFSC Code

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

When you initiate a NEFT, RTGS, or IMPS payment, you will be asked to add the recipient (beneficiary). On that form, you will need to provide the following details:

1. Beneficiary’s Full Name (as per their bank account)
2. Beneficiary’s Bank Account Number
3. Beneficiary’s Bank Name
4. The IFSC Code of the beneficiary’s bank branch (PUNB0MBGB06 for this branch)

After you enter these details, the banking system automatically verifies the branch information using the IFSC code before processing the payment. Always double-check the code to prevent errors.

Benefits of Using the Correct IFSC Code

• Accuracy: It eliminates guesswork and ensures your money is sent to the exact branch and account you intended.
• Speed: The code enables automated processing, which makes fund transfers via NEFT, RTGS, and IMPS quick and efficient.
• Error Prevention: A valid IFSC code helps the system immediately detect and flag potential errors, reducing the chances of failed transactions.
• Security: It acts as a secure routing mechanism within the Indian banking network, minimizing the risk of funds being misdirected.

Contact Information

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

• Branch Phone Number: 8102918738
• Branch Address: Jagdishpur, Bhagalpur, 813105, Bihar
• Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna-800030, Bihar
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

1. What is the current IFSC code for the Bihar Gramin Bank branch in Jagdishpur?
The correct and active IFSC code for the Jagdishpur branch is PUNB0MBGB06. Make sure to use this for all your online transactions.

2. Why does the IFSC code for Bihar Gramin Bank start with ‘PUNB’?
The code starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). After the merger of regional rural banks, the sponsor bank’s identifier is used in the new IFSC codes.

3. I have an old IFSC code for Dakshin Bihar Gramin Bank. Can I still use it?
No. All old IFSC codes from before the merger are now obsolete. Using them will cause your transaction to be rejected. You must use the new code, PUNB0MBGB06.

4. What happens if I accidentally enter the wrong IFSC code?
If the incorrect IFSC code does not exist, the transaction will fail, and the money will be credited back to your account. However, if you enter a valid IFSC code for a different branch, the transaction might be processed if the beneficiary account number happens to exist there, which is rare but possible. It is crucial to verify the code before confirming any payment.

5. Is the MICR code the same as the IFSC code?
No, they are different. 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 at the bottom of a cheque leaf and is used for processing cheques.