The Itarhi branch of Bihar Gramin Bank is located in the Buxar district of Bihar. For anyone looking to send or receive money through this specific branch, knowing its Indian Financial System Code (IFSC) is essential. This 11-character code acts as a unique address, ensuring that electronic fund transfers through services like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) reach the correct bank branch without any errors.
Bihar Gramin Bank Itarhi Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | ITARHI |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | ITARHI, Buxar, 802123 |
| Contact Number | 9771464042 |
| City | Buxar |
| District | Buxar |
| Region | BHABHUA |
| Pincode | 802123 |
| State | Bihar |
Important Update on Bank Merger
Bihar Gramin Bank was formed through the amalgamation of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). After the merger, the new entity operates under the sponsorship of Punjab National Bank (PNB). Consequently, the old IFSC codes associated with UBGB and DBGB branches have been discontinued and are no longer valid for transactions. All branches now use a new, unified IFSC code structure starting with ‘PUNB’. For any fund transfer to the Itarhi branch, you must use the new code PUNB0MBGB06 to ensure your transaction is processed correctly.
Understanding the 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. The code has a specific structure that helps identify both the bank and the branch.
Let’s break down the IFSC code for the Itarhi branch, PUNB0MBGB06:
- PUNB: The first four letters represent the bank. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor bank.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters identify the specific branch. For the Itarhi branch, this unique identifier is ‘MBGB06’.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for an online money transfer is a straightforward process. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.
- Log in to your preferred banking platform.
- Navigate to the ‘Fund Transfer’ section and select the transfer type: NEFT, RTGS, or IMPS.
- Add a new beneficiary (the person or entity you want to pay). You will be asked to provide their name, account number, and the IFSC code of their bank branch.
- Enter PUNB0MBGB06 in the IFSC code field for a transfer to the Bihar Gramin Bank Itarhi branch.
- Double-check all the details, enter the amount you wish to transfer, and authorize the transaction with your password or PIN.
Always verify the IFSC code before confirming a transaction to avoid delays or transfer failures.
Why the IFSC Code is Important
- Accuracy: It eliminates the risk of sending money to the wrong branch, ensuring your funds reach the intended recipient.
- Automation: The code allows for the swift and automated processing of transactions without manual intervention.
- Security: By identifying the exact branch, it adds a layer of verification to the fund transfer process.
- Accessibility: It enables access to nationwide payment systems like NEFT, RTGS, and IMPS, making banking more convenient.
Contact Information
For direct assistance or inquiries, you can reach out to the branch or the bank’s head office.
Branch Contact
Phone: 9771464042
Address: ITARHI, Buxar, Bihar – 802123
Head Office
Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
Toll-Free Number: 18001807777
Frequently Asked Questions
What is the IFSC code for the Bihar Gramin Bank branch in Itarhi?
The IFSC code for the Itarhi branch is PUNB0MBGB06.
Can I still use my old Dakshin Bihar Gramin Bank IFSC code?
No. Following the merger, all old IFSC codes for both Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are invalid. You must use the new codes starting with ‘PUNB’.
What is the difference between NEFT, RTGS, and IMPS?
NEFT (National Electronic Funds Transfer) processes transactions in hourly batches. RTGS (Real-Time Gross Settlement) is for high-value transactions (typically above ₹2 lakh) that are settled instantly. IMPS (Immediate Payment Service) is a 24/7 service for instant, small-to-medium value transfers.
What happens if I enter an incorrect IFSC code?
If the code does not exist, the transaction will be rejected, and the money will be credited back to your account, usually within a few hours. However, if the incorrect code matches another valid branch, the funds could be misdirected, which can be difficult to resolve. It is crucial to double-check the code before completing a transfer.
Is the MICR code the same as the IFSC code?
No, they are different. 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 physical cheques. The IFSC code is an 11-character code used for online fund transfers.
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.