The Madhopur branch of Bihar Gramin Bank is located in the Darbhanga district of Bihar. For anyone needing to send or receive money through online banking, understanding its unique codes is essential. The Indian Financial System Code (IFSC) is a critical piece of information that ensures your funds are routed to the correct bank branch. This code is mandatory for all major electronic fund transfer systems, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS).
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Madhopur |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100432 |
| Branch Address | Madhopur, DARBHANGA, 847428, 9297955122 |
| Contact Number | 9297955122 |
| City | DARBHANGA |
| District | DARBHANGA |
| Reason | DARBHANGA |
| Pincode | 847428 |
| State | Bihar |
Merger and Updated IFSC Information
Bihar Gramin Bank was formed by the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this amalgamation, the bank is now sponsored by Punjab National Bank (PNB). As a result, all old IFSC codes belonging to the former UBGB and DBGB have been discontinued and are no longer valid. For any online transactions, you must use the new IFSC codes. The new codes now begin with ‘PUNB’ to reflect the sponsorship by PNB. For the Madhopur branch, the correct and only valid IFSC code is PUNB0MBGB06.
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. The code has a specific structure that helps route transactions accurately.
Let’s break down the IFSC code for the Madhopur branch, PUNB0MBGB06:
- PUNB: The first four letters represent the bank’s name. In this case, it signifies 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 represent the specific branch code. This part uniquely identifies the Madhopur branch within the Bihar Gramin Bank network.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for an online money transfer is a straightforward process. When you add a new payee or beneficiary to your internet banking or mobile banking app, you will be asked for the following details:
- Beneficiary’s Full Name (as per their bank account)
- Beneficiary’s Bank Account Number
- Name of the Beneficiary’s Bank (Bihar Gramin Bank)
- IFSC Code of the Beneficiary’s Branch (PUNB0MBGB06 for Madhopur)
- Branch Name (Madhopur)
After you enter these details correctly, your bank’s system uses the IFSC code to direct your money to the exact branch where the recipient’s account is held. This ensures the transaction is both fast and secure.
Benefits of Using the Correct IFSC Code
- Transaction Accuracy: The primary benefit is ensuring that your money reaches the intended recipient’s bank account without any errors.
- Faster Payments: It enables automated processing for quick fund transfers through NEFT, RTGS, and IMPS, often completing transactions within minutes or hours.
- Reduces Manual Errors: Using the code eliminates the chances of human error that could occur if transactions were routed based on branch addresses alone.
- Secure Transfers: The IFSC system is a secure framework managed by the RBI, providing a reliable channel for all electronic payments.
Contact Information
For any direct queries, you can reach out to the branch or the bank’s head office.
Branch Contact
Phone: 9297955122
Address: Madhopur, DARBHANGA, Bihar – 847428
Head Office
Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA – 800030, BIHAR
Toll-Free Number: 18001807777
Frequently Asked Questions
1. What is the current IFSC code for the Bihar Gramin Bank branch in Madhopur?
The correct and updated IFSC code for the Madhopur branch is PUNB0MBGB06.
2. Can I still use my old Uttar Bihar Gramin Bank (UBGB) IFSC code?
No. After the merger and sponsorship change to PNB, all old IFSC codes for UBGB and DBGB have been invalidated. Using an old code will cause your transaction to fail.
3. 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 processing cheques.
4. What happens if I enter the wrong IFSC code during a transaction?
If the IFSC code you entered does not exist, the transaction will likely be rejected immediately. If the code exists but belongs to a different branch, the transaction might be rejected by the receiving branch. In rare cases, if the account number also matches an account in that wrong branch, the funds could be misdirected. It’s always best to double-check the code before confirming a payment.
5. Are NEFT, RTGS, and IMPS services available at this branch?
Yes, with the correct IFSC code, you can initiate or receive funds through all major electronic payment systems, including NEFT, RTGS, and IMPS.
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.