Bihar Gramin Bank BAGAHI IFSC Code

The Bihar Gramin Bank branch in BAGAHI is located in the Bhojpur district of Bihar. For anyone looking to send or receive money through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code is a requirement for all online fund transfers in India, including services like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code ensures that your money is routed correctly to the intended bank and its specific branch, preventing errors and delays.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	BAGAHI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	BAGAHI, Bhojpur, 802183, 9771464012
Contact Number	9771464012
City	Bhojpur
District	Bhojpur
Region	ARA
Pincode	802183
State	Bihar

Merger and IFSC Code Update

It’s important to note a significant change affecting this bank. The former Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB) have been merged to form a single entity: 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 the previous banks have been discontinued. A unified IFSC code, PUNB0MBGB06, is now used for all branches of Bihar Gramin Bank, including the BAGAHI branch. Using an old or incorrect IFSC code will lead to failed transactions. Always use the new code to ensure your funds are transferred successfully.

What is an IFSC Code?

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

Let’s break down the code PUNB0MBGB06:

• PUNB: The first four alphabetic characters represent the bank. In this case, it signifies Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters represent the specific branch code. This part uniquely identifies the BAGAHI branch within the bank’s network.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online transfer is a straightforward process. Whether you are using NEFT, RTGS, or IMPS, the steps are generally the same.

1. Log in to Net Banking: Access your bank account through its official mobile app or website.
2. Add a Beneficiary: Navigate to the “Fund Transfer” or “Payments” section and choose to add a new beneficiary or payee.
3. Enter Beneficiary Details: You will need to provide the recipient’s name, bank account number, and the IFSC code of their bank branch, which for the BAGAHI branch is PUNB0MBGB06.
4. Verify and Transfer: Once the beneficiary is added (which may take a few minutes to a few hours depending on your bank), you can initiate the transfer by entering the amount and confirming the transaction.

Benefits of Using the Correct IFSC Code

• Accuracy: It eliminates guesswork and ensures your money goes to the exact bank branch you intend.
• Error Prevention: The code acts as a validation check, reducing the chances of sending funds to the wrong account.
• Speed: Correct codes allow for automated processing, which makes transactions faster and more efficient.
• Security: It adds a layer of verification to the fund transfer process, securing your transactions.

Contact Information

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

BAGAHI Branch
Phone: 9771464012
Address: BAGAHI, Bhojpur, Bihar – 802183

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 current and valid IFSC code for Bihar Gramin Bank in BAGAHI?
The only valid IFSC code for the BAGAHI branch is PUNB0MBGB06. This code should be used for all NEFT, RTGS, and IMPS transactions.

2. Why did the IFSC code change for this branch?
The code changed due to the merger of Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank into the new Bihar Gramin Bank. The new bank is sponsored by Punjab National Bank, which is reflected in the first four letters of the new code (“PUNB”).

3. Can I still use my old DBGB or UBGB passbook and chequebook?
While you may be able to use them for a limited time, it is highly recommended to get a new passbook and chequebook from the Bihar Gramin Bank branch. The old IFSC and MICR codes printed on them are no longer valid for electronic transactions.

4. What happens if I accidentally use an old IFSC code?
If you use an invalid or old IFSC code, the transaction will likely be rejected. The amount will be credited back to your account, but it may take a few business days. To avoid this, always double-check the code before confirming a transfer.

5. What is the difference between an IFSC code and a MICR code?
An IFSC code is used for online fund transfers (NEFT, RTGS). A MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf, used for processing cheques electronically.