Bihar Gramin Bank BARKAGAON IFSC Code

The BARKAGAON branch of Bihar Gramin Bank is located in the Bhojpur district of Bihar. For anyone needing to send or receive money online to an account at this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code acts as a specific address for the bank branch, ensuring that funds transferred through systems like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) reach their destination accurately and without delay.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	BARKAGAON
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	BARKAGAON, Bhojpur, 802201, 7485096871
Contact Number	7485096871
City	Bhojpur
District	Bhojpur
Region	ARA
Pincode	802201
State	Bihar

Merger and IFSC Update

It is important to note a significant change in the banking structure. Formerly, Bihar had two major regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). Following a major amalgamation, Dakshin Bihar Gramin Bank is now sponsored by Punjab National Bank (PNB). As a result of this change, all previous IFSC codes, especially those associated with the former banks, have been revoked. For all electronic transactions, you must use the new PNB-assigned IFSC code. The code for the BARKAGAON branch, PUNB0MBGB06, reflects this new structure and is the only valid code for making transfers.

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 in any online transaction. The structure is consistent across all banks.

Let’s break down the IFSC code for this branch, PUNB0MBGB06:

• PUNB: The first four letters represent the parent or sponsor bank, which in this case is Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters uniquely identify the specific branch. In this case, it points to the BARKAGAON branch of Bihar Gramin Bank.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code is a straightforward part of any online money transfer. Whether you are using a mobile banking app or an internet banking portal, the process is largely the same for NEFT, RTGS, and IMPS transactions.

1. Log in to your internet or mobile banking platform.
2. Navigate to the “Fund Transfer” section and select the payment method (NEFT, RTGS, or IMPS).
3. Add a new beneficiary (the person or entity you want to pay).
4. You will be prompted to enter the beneficiary’s details, including their name, account number, and the bank’s IFSC code.
5. For the BARKAGAON branch, you would enter PUNB0MBGB06 in the IFSC field.
6. Double-check all the details and confirm the transaction. The IFSC code ensures your money is routed to the correct branch and account.

Benefits of Using the Correct IFSC Code

• Transaction Accuracy: It eliminates errors by directing the funds to the exact bank branch intended.
• Faster Processing: Correct codes enable automated, straight-through processing, which reduces delays.
• Reduced Risk: It minimizes the chances of a transaction failing or being credited to the wrong account.
• Universal Requirement: The code is mandatory for all major electronic fund transfer systems in India.

Contact Information

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

• Branch Contact Number: 7485096871
• Branch Address: BARKAGAON, Bhojpur, Bihar – 802201
• Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Can I use an old IFSC code from before the bank merger?
No. All old IFSC codes associated with the previously existing banks are now invalid. You must use the new, updated IFSC code starting with ‘PUNB’ to ensure your transaction is successful.

What is the difference between an IFSC code and a MICR code?
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, used for faster processing of cheques.

What happens if I enter the wrong IFSC code?
If the IFSC code you enter does not exist, the transaction will likely be rejected. If it corresponds to another branch of the same bank, the funds might be delayed as the bank works to reroute them, or the transaction could be reversed. If it corresponds to a branch of a different bank, the transaction will most likely fail.

Is the IFSC code the same for all Bihar Gramin Bank branches?
No. While the first four characters (‘PUNB’) might be the same as they indicate the sponsor bank, the last six characters are unique to each specific branch. Always use the code for the exact branch you intend to transact with.

Where can I find the IFSC code for my branch?
The IFSC code is printed on the chequebook and passbook issued by the bank. You can also find it on the bank’s official website or by contacting the branch directly.