Bihar Gramin Bank Parari IFSC Code

Parari is a village in Darbhanga district of Bihar (PIN 847202). This article gives the key branch details for Bihar Gramin Bank, Parari, and explains the role of the IFSC code for electronic fund transfers. The IFSC identifies the bank and branch for NEFT, RTGS and IMPS. Using the correct IFSC ensures funds route to the intended branch and reduces failed or delayed transfers.

Branch Details

Merger Update

Important: Bihar Gramin Bank branches that were earlier under Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) have been reorganised under Punjab National Bank (PNB). The consolidated IFSC for the merged entity is PUNB0MBGB06. Old UBGB and DBGB IFSC codes have been revoked. For electronic transfers (NEFT, RTGS, IMPS), use only the new IFSC PUNB0MBGB06. Transactions attempted with revoked IFSCs will fail or be delayed.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in electronic payments. Its structure is fixed:

• First 4 characters: bank identifier (example: PUNB for Punjab National Bank).
• 5th character: reserved and is always 0.
• Last 6 characters: branch identifier (example: MBGB06).

Example: PUNB0MBGB06 — 11 characters, uppercase. The IFSC is unique to each branch after consolidation and must match the beneficiary branch for fund routing.

How to Use IFSC Code for NEFT, RTGS, IMPS

• Open your bank’s netbanking app or visit the branch to initiate a transfer.
• Select transfer type: NEFT, RTGS or IMPS. IMPS is instant and available 24×7; NEFT settles in hourly/batch cycles; RTGS is for immediate settlement for higher-value transfers.
• Add a beneficiary by entering: beneficiary name, account number, and IFSC PUNB0MBGB06. Optionally include branch name “Parari, Darbhanga.”
• Verify the beneficiary details displayed by the bank. A mismatch in IFSC or account number can route funds wrong or cause rejection.
• Confirm the transfer and authenticate with the OTP or secure PIN as required by your bank.
• Keep the transaction reference number. Check beneficiary account or contact the branch if settlement is delayed.

Benefits of Knowing the IFSC

• Accurate routing: Ensures money reaches the correct branch and account.
• Faster settlements: Correct IFSC avoids delays from manual intervention.
• Required for adding beneficiaries: Most banks need IFSC to register a recipient for NEFT/RTGS/IMPS.
• Avoids failed transactions: Wrong IFSC can cause rejection or misrouting, creating recovery work.
• Useful for verification: IFSC plus MICR helps confirm branch identity for checks and reconciliations.

Contact

Branch Phone: 9297955138

Branch Address: Parari, DARBHANGA, 847202

Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll Free: 18001807777

FAQs

• Q: Is PUNB0MBGB06 the only valid IFSC for Parari branch?
  A: Yes. After the merger and consolidation, PUNB0MBGB06 is the valid IFSC. Old UBGB/DBGB IFSCs have been revoked.
• Q: Can I use this IFSC for IMPS transfers at any time?
  A: Yes. IMPS runs 24×7 and uses the same IFSC for routing. Ensure beneficiary account number and name are correct.
• Q: What happens if I enter wrong IFSC but correct account number?
  A: Many systems validate both. A mismatched IFSC may route to a different branch or cause rejection. Always double-check both the IFSC and account number before confirming.
• Q: How can I verify this IFSC before transferring large amounts?
  A: Verify on bank letters, cheque leaves, or by calling the branch at 9297955138. Ask the branch to confirm the IFSC and MICR before high-value transfers.
• Q: If funds are delayed or misrouted, what should I do?
  A: Keep the transaction reference. Contact your bank’s customer care or the Parari branch (9297955138). Provide the reference and beneficiary details so the banks can trace and resolve the transfer.

Kriti Kumari

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.