Bihar Gramin Bank Itwa Shivnagar IFSC Code

Itwa Shivnagar is a village located in the Darbhanga district of Bihar. If you need to send or receive money electronically from the Bihar Gramin Bank branch in Itwa Shivnagar, understanding the IFSC (Indian Financial System Code) is essential. This unique code acts like an address for the bank branch, ensuring that your funds, whether through NEFT, RTGS, or IMPS, reach the correct destination quickly and securely.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Itwa Shivnagar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108145
Branch Address	Itwa Shivnagar, DARBHANGA, 847202
Contact Number	9297955099
City	DARBHANGA
District	DARBHANGA
Region	DARBHANGA
Pincode	847202
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank (MBGB). This new entity operates under the sponsorship of Punjab National Bank. As a result of this consolidation, all branches of Bihar Gramin Bank, including the Itwa Shivnagar branch, now use the IFSC codes that begin with “PUNB0MBGB”. The IFSC code for the Itwa Shivnagar branch, PUNB0MBGB06, reflects this change.

It is crucial to understand that all old IFSC codes previously used by Uttar Bihar Gramin Bank and Madhya Bihar Gramin Bank have been revoked. For any electronic fund transfer to a Bihar Gramin Bank account, including those at Itwa Shivnagar, only the new IFSC series, such as PUNB0MBGB06, is valid. Using an old or incorrect code will lead to transaction failures.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers. Think of it as a specific postal code for your bank branch.

The structure of the IFSC Code is simple:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” indicates Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In this case, “MBGB06” points to a particular branch under Madhya Bihar Gramin Bank’s series, now part of Bihar Gramin Bank.

This standardized format helps in accurately routing electronic transactions across different banks and branches nationwide.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you’re making an online fund transfer. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log In: Access your online banking portal or mobile banking app.
2. Select Transfer Type: Choose the type of transfer you want to make – NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This typically involves providing their:
   • Beneficiary Name
   • Beneficiary Account Number
   • Bank Name (e.g., Bihar Gramin Bank)
   • The specific IFSC Code for their branch (e.g., PUNB0MBGB06 for Itwa Shivnagar)
4. Verify Details: Double-check all the information you’ve entered, especially the account number and IFSC code. A single wrong digit or character can lead to the money being sent to the wrong account or the transaction failing.
5. Enter Amount and Confirm: Input the amount you wish to transfer and confirm the transaction using your password or PIN.

For receiving money, you simply need to provide your bank’s name (Bihar Gramin Bank), your account number, and your branch’s IFSC Code (PUNB0MBGB06) to the sender.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Enables Electronic Transfers: It is mandatory for all NEFT, RTGS, and IMPS transactions, allowing for quick and efficient money movement.
• Ensures Accuracy: The unique code precisely identifies the recipient’s bank and branch, minimizing errors in fund transfers.
• Faster Processing: Correct IFSC codes help banks process transactions quickly, reducing delays in money reaching the destination account.
• Enhanced Security: By linking transfers to specific branches, the system adds a layer of security, making it harder for fraudulent transactions to occur.
• Convenience: It allows you to manage your finances from anywhere, without needing to visit a bank branch for transfers.

Contact Information

For direct inquiries related to the Itwa Shivnagar branch or general banking services, you can use the following contact details:

• Itwa Shivnagar Branch Phone Number: 9297955099
• Itwa Shivnagar Branch Address: Itwa Shivnagar, DARBHANGA, 847202, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code PUNB0MBGB06 still valid for Bihar Gramin Bank, Itwa Shivnagar?
A1: Yes, PUNB0MBGB06 is the current and valid IFSC code for the Bihar Gramin Bank, Itwa Shivnagar branch. All previous IFSC codes from Uttar Bihar Gramin Bank or Madhya Bihar Gramin Bank for this branch are no longer valid for electronic transactions.

Q2: What is the MICR code for Bihar Gramin Bank, Itwa Shivnagar?
A2: The MICR (Magnetic Ink Character Recognition) code for Bihar Gramin Bank, Itwa Shivnagar branch is 800811002. This code is primarily used for processing physical cheques.

Q3: Can I use the old Uttar Bihar Gramin Bank (UBGB) IFSC code for a transaction to the Itwa Shivnagar branch?
A3: No, you cannot. After the merger that formed Bihar Gramin Bank, all old UBGB and MBGB IFSC codes were revoked. You must use the new valid IFSC code, PUNB0MBGB06, for any electronic fund transfers to the Itwa Shivnagar branch.

Q4: What should I do if my online transfer fails due to an incorrect IFSC code?
A4: If your transfer fails because of an incorrect IFSC code, the money is usually reversed to your account within a few hours or one to two business days. You should then re-initiate the transaction using the correct IFSC code, which is PUNB0MBGB06 for the Itwa Shivnagar branch.

Q5: How can I find the IFSC code for other Bihar Gramin Bank branches?
A5: You can usually find the IFSC code on your cheque book, bank passbook, or by visiting the official website of Bihar Gramin Bank or Punjab National Bank (the sponsor bank). Many reliable financial websites also offer IFSC code lookup tools. Just remember that all Bihar Gramin Bank IFSC codes will start with “PUNB0MBGB”.