Bihar Gramin Bank BIBIGANJ IFSC Code

The Bihar Gramin Bank branch in Bibiganj is located in the Bhojpur district of Bihar. For anyone looking to send money to an account at this branch, understanding the IFSC code is essential. This unique code acts like a digital address, ensuring that electronic fund transfers through systems like NEFT, RTGS, and IMPS reach the correct bank and branch without any errors or delays. It is a critical piece of information for all online banking transactions.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	BIBIGANJ
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7021
Branch Address	BIBIGANJ, Bhojpur, 802312, 9771464021
Contact Number	9771464021
City	Bhojpur
District	Bhojpur
Region	ARA
Pincode	802312
State	Bihar

Merger and IFSC Code Update

It is important to note that Bihar Gramin Bank was formed through the amalgamation of two separate regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, the bank is now sponsored by Punjab National Bank (PNB). As a result, all old IFSC codes belonging to the former UBGB and DBGB branches have been revoked and are no longer valid. For all transactions, you must use the new, unified IFSC code, which starts with the prefix PUNB. Using an outdated code will result in a failed transaction.

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 electronic funds transfer network. This code ensures that money is routed correctly and securely.

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

• PUNB: The first four alphabetic characters represent the name of the sponsor bank, which 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, the Bibiganj branch of Bihar Gramin Bank.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for online transactions is straightforward. Whether you are using NEFT for standard transfers, RTGS for high-value transactions, or IMPS for immediate payments, the process is similar.

1. Log in to your internet banking portal or mobile banking application.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select the option to add a new beneficiary or payee.
4. Enter the recipient’s details: their name, bank account number, and account type (savings or current).
5. In the designated field, carefully enter the IFSC code: PUNB0MBGB06.
6. Verify all the details to ensure accuracy and confirm the addition of the new payee.
7. Once the payee is added, you can initiate the transfer by entering the amount and your transaction password or PIN.

Benefits of Using the Correct IFSC Code

• Accuracy: It eliminates the risk of sending money to the wrong account or branch.
• Speed: Correct codes enable automated processing, which makes fund transfers faster and more efficient.
• Reliability: It minimizes transaction failures, preventing unnecessary delays and the need to re-initiate payments.
• Universal Requirement: The IFSC code is mandatory for all major online fund transfer methods in India.

Contact Information

For any queries or assistance, you can contact the branch or the bank’s head office directly.

• Branch Phone Number: 9771464021
• Branch Address: BIBIGANJ, Bhojpur, Bihar – 802312
• Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. Is Bihar Gramin Bank the same as Uttar Bihar Gramin Bank?
No. Bihar Gramin Bank is a new entity formed by merging Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). You must use the new IFSC codes assigned to Bihar Gramin Bank for all transactions.

2. Why does the IFSC code start with ‘PUNB’ instead of something related to Bihar Gramin Bank?
The first four letters of the IFSC code identify the sponsor bank. Since Bihar Gramin Bank is sponsored by Punjab National Bank (PNB), its IFSC codes start with ‘PUNB’.

3. What happens if I use an old IFSC code from Dakshin or Uttar Bihar Gramin Bank?
If you use an old, invalid IFSC code, your transaction will fail. The funds will be returned to your account, but this may take some time. It is crucial to use the updated code, PUNB0MBGB06, for the Bibiganj branch.

4. Can I use the same IFSC code for NEFT, RTGS, and IMPS transactions?
Yes, the IFSC code PUNB0MBGB06 is used to identify the Bibiganj branch for all types of electronic fund transfers, including NEFT, RTGS, and IMPS.

5. Is the MICR code different from the IFSC code?
Yes, they are different. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code used for processing cheques, while the 11-character IFSC code is used for online fund transfers. Both serve to identify a specific bank branch but are used for different payment systems.