Milki is a rural branch of Bihar Gramin Bank located in Bhagalpur district, Bihar (PIN 853006). It serves local customers for deposits, withdrawals and inward/outward fund transfers. For electronic payments — NEFT, RTGS and IMPS — the branch is identified by an IFSC code. The IFSC ensures your funds are routed to the correct bank and branch and is required when you add a beneficiary or initiate an online transfer.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Milki |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3607 |
| Branch Address | Milki, Bhagalpur, 853006, 8102918740 |
| Contact Number | 8102918740 |
| City | Bhagalpur |
| District | Bhagalpur |
| Reason | BHAGALPUR |
| Pincode | 853006 |
| State | Bihar |
Merger Update
If this branch previously operated under Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), note that both these regional rural banks have been merged under Punjab National Bank for electronic payments. The consolidated IFSC in use now is PUNB0MBGB06. Old UBGB or DBGB IFSC codes have been revoked and will not work for NEFT/RTGS/IMPS. Always use the new IFSC PUNB0MBGB06 for any transactions to this branch.
What is IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to identify bank branches in electronic payment systems. Its structure is fixed:
- First 4 characters — bank identifier (example: PUNB = Punjab National Bank).
- 5th character — reserved and is always 0 in the standard format.
- Last 6 characters — branch identifier (alphanumeric) that uniquely identifies the branch, for example MBGB06 in PUNB0MBGB06.
So, PUNB0MBGB06 breaks down as: PUNB (bank) + 0 (reserved) + MBGB06 (branch). The bank may also have an internal numeric branch code (here listed as 3607) used for internal records; that is separate from the IFSC suffix.
How to Use IFSC Code
- When adding a beneficiary in your internet banking or mobile banking app, enter the beneficiary’s account number, name and the IFSC PUNB0MBGB06. Verify spelling and digits carefully.
- For NEFT and RTGS, select the transfer type (NEFT for regular value, RTGS for high-value transactions if applicable). Enter the IFSC and account details. Confirm the beneficiary before initiating the transfer.
- For IMPS, select IMPS in your app, enter IFSC and account number, or use MMID/UPI where available. IMPS is typically instant and available 24×7.
- Always perform a small-value first transfer if you are sending money to this beneficiary for the first time. Check the credited party name in the bank confirmation.
- If the app prompts for an IFSC but you have the MICR only, ask the branch or check the passbook/cheque leaf for the correct IFSC. MICR is used for cheque clearing and is different from IFSC.
- Double-check the IFSC and account number before confirming. Once an electronic transfer is processed, reversal may require bank intervention and can take time.
Benefits of Knowing the IFSC
- Accurate routing: Ensures funds are delivered to the correct branch for NEFT/RTGS/IMPS.
- Faster processing: Electronic systems use IFSC to automatically route transactions.
- Reduced errors: Correct IFSC reduces failed transfers and delays.
- Necessary for online banking: You cannot add a beneficiary without an IFSC in most bank apps.
- Useful for inward remittances: Share correct IFSC when expecting payments from employers, clients or government transfers.
Contact
Branch Phone: 8102918740
Branch Address: Milki, Bhagalpur, 853006
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free: 18001807777
FAQs
Q: Is PUNB0MBGB06 valid for all transfer types (NEFT, RTGS, IMPS)?
Yes. The IFSC PUNB0MBGB06 is used for NEFT, RTGS and IMPS to route the funds to the Milki branch through Punjab National Bank’s clearing network.
Q: What if I used an old UBGB or DBGB IFSC?
Old UBGB/DBGB IFSCs have been revoked after the merger. Transactions using those old codes will fail. Use only the new IFSC PUNB0MBGB06. If a transfer was attempted with an old code and failed, contact your bank immediately.
Q: How is IFSC different from MICR?
IFSC (11 characters) routes electronic transfers. MICR (9 digits) is used for cheque clearing through the Magnetic Ink Character Recognition system. For online transfers you need IFSC; for cheque processing, the bank uses MICR.
Q: How can I verify the IFSC before sending money?
Verify the IFSC on the beneficiary’s cheque leaf, passbook entry, or by contacting the branch at 8102918740. You can also confirm the branch address and IFSC with the bank’s customer care or the head office number listed above.
Q: What should I do if the beneficiary name shown after entering IFSC does not match?
A mismatch can indicate an incorrect account number or IFSC. Do not proceed with a large transfer. Re-check the account number and IFSC. If still unsure, call the branch or beneficiary to confirm details. For failed or incorrect transfers, contact your bank immediately for resolution.
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.