Bihar Gramin Bank Rasalpur Bansdih IFSC Code

For residents and customers of Bihar Gramin Bank in Rasalpur Bansdih, understanding your branch’s Indian Financial System Code (IFSC) is very important for smooth money transfers. Whether you are sending money through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), this unique 11-character code ensures your funds reach the correct bank and branch without any issues. It acts like a digital address for your bank branch, making inter-bank transactions efficient and secure.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Rasalpur Bansdih
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100913
Branch Address	Rasalpur Bansdih, DARBHANGA, 847301
Contact Number	9297955080
City	DARBHANGA
District	DARBHANGA
Region	DARBHANGA
Pincode	847301
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank, including the Rasalpur Bansdih branch, was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This unified bank is sponsored by Punjab National Bank. Due to this merger, a single, standardized IFSC code has been adopted for all branches of Bihar Gramin Bank across the state.

The new, valid IFSC code for Bihar Gramin Bank is PUNB0MBGB06. This code applies to the Rasalpur Bansdih branch as well as all other branches of Bihar Gramin Bank. It is crucial to remember that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are now revoked. For any financial transaction, you must always use PUNB0MBGB06 to ensure your payment is processed correctly.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. Understanding its structure can help you verify its authenticity:

• The first four characters represent the bank name. In the case of Bihar Gramin Bank, the code starts with PUNB, signifying its sponsoring bank, Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish bank codes from branch codes.
• The last six characters uniquely identify the specific branch. For the Rasalpur Bansdih branch, these are MBGB06.

For example, in PUNB0MBGB06:

• PUNB identifies Punjab National Bank (the sponsoring bank).
• 0 is the control digit.
• MBGB06 uniquely identifies the Rasalpur Bansdih branch of Bihar Gramin Bank.

How to Use the IFSC Code

The IFSC code is essential when you want to transfer money electronically from your bank account to another account in a different bank or even a different branch of the same bank. Here’s how you’ll typically use it:

• For NEFT (National Electronic Funds Transfer): When initiating an NEFT transaction through your bank’s online portal or at a physical branch, you will be asked to provide the beneficiary’s bank name, account number, account holder’s name, and the beneficiary’s IFSC code. NEFT transactions are processed in batches and usually settle within a few hours during banking hours.
• For RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically above Rs. 2 lakh. Like NEFT, you need the beneficiary’s bank name, account number, account holder’s name, and their IFSC code. RTGS transactions are processed individually and in real-time, meaning the funds are transferred almost instantly to the beneficiary’s account.
• For IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers. You can use it by providing the beneficiary’s mobile number and MMID (Mobile Money Identifier), or by providing their account number and IFSC code. IMPS is popular for quick, smaller transfers.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transaction to prevent misdirection of funds.

Benefits of Knowing Your IFSC Code

Having easy access to your bank branch’s IFSC code provides several practical benefits:

• Accurate Fund Transfers: It ensures your money reaches the intended recipient’s exact bank and branch, minimizing errors in online transactions.
• Facilitates Online Banking: It is a mandatory detail for setting up online fund transfers (NEFT, RTGS, IMPS), enabling convenient banking from home or on the go.
• Faster Processing: By precisely identifying the destination branch, the IFSC code helps speed up the processing of electronic payments.
• Inter-Bank Transactions: It is a cornerstone for all inter-bank electronic transactions, connecting various banks across India.
• Enhanced Security: The unique nature of the code adds an extra layer of verification, reducing the risk of fraudulent transfers.

Contact Information

Should you need to get in touch with the bank, here are the relevant contact details:

• Branch Phone Number: 9297955080
• Branch Address: Rasalpur Bansdih, DARBHANGA, 847301
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, Rasalpur Bansdih branch?
A1: The IFSC code for Bihar Gramin Bank, Rasalpur Bansdih branch is PUNB0MBGB06.

Q2: Why does the IFSC code start with “PUNB” if it’s Bihar Gramin Bank?
A2: Bihar Gramin Bank was formed by the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. It is sponsored by Punjab National Bank. As per banking regulations, Regional Rural Banks (RRBs) often use the IFSC prefix of their sponsoring bank. Hence, all Bihar Gramin Bank IFSC codes start with PUNB.

Q3: Can I still use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?
A3: No, old IFSC codes previously used by Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are no longer valid. You must always use the new, consolidated IFSC code PUNB0MBGB06 for all transactions related to Bihar Gramin Bank branches.

Q4: What details do I need in addition to the IFSC code for an online fund transfer?
A4: Besides the IFSC code, you will typically need the beneficiary’s full name, their bank account number, and the name of their bank. For IMPS, you might also use a mobile number and MMID.

Q5: Is the IFSC code different for different types of transactions like NEFT, RTGS, or IMPS?
A5: No, the IFSC code for a specific bank branch remains the same regardless of the type of electronic fund transfer (NEFT, RTGS, or IMPS) you are performing. The code uniquely identifies the branch, not the transaction type.