Bihar Gramin Bank Rajepur IFSC Code

The Rajepur branch of Bihar Gramin Bank is located in the East Champaran district of Bihar. Knowing the correct Indian Financial System Code (IFSC) for this branch is very important for smooth and secure money transfers. Whether you need to send money through National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the IFSC code acts as a unique identifier, ensuring your funds reach the right bank and branch quickly and accurately.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Rajepur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100227
Branch Address	Rajepur, EAST CHAMPARAN, 845406, 9297954689
Contact Number	9297954689
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845406
State	Bihar

Merger Update

The IFSC code provided for the Rajepur branch, PUNB0MBGB06, is specifically assigned to Madhya Bihar Gramin Bank. This bank was formed as a result of the merger of several Regional Rural Banks (RRBs) in Bihar and operates under the sponsorship of Punjab National Bank. If a branch previously belonged to an entity that has since merged into Madhya Bihar Gramin Bank, or a similar PNB-sponsored structure (like certain branches that might have been part of Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank and are now under a consolidated PNB-sponsored entity), its old IFSC codes would no longer be valid. For any transactions with this branch, the code PUNB0MBGB06 is the correct and currently valid IFSC. This ensures a standardized system for banking operations across the merged entity. Old IFSC codes from such merged banks have been revoked, and only this new, consolidated IFSC code is valid for transactions.

What is an IFSC Code?

The IFSC stands for Indian Financial System Code. It is an 11-character code used to identify all bank branches in India. This unique code is essential for electronic fund transfers. Each part of the code tells you something specific:

• The first four characters are alphabetic and represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use.
• The last six characters are alphanumeric and identify the specific branch of the bank. In our example, “MBGB06” uniquely identifies this particular branch within the Madhya Bihar Gramin Bank network.

How to Use an IFSC Code

You will need the IFSC code for various electronic fund transfer methods. Here’s how it’s used:

For NEFT (National Electronic Funds Transfer)

NEFT transactions are processed in batches throughout the day. When sending money via NEFT:

1. Log in to your online banking portal or visit your bank branch.
2. Select “NEFT” as the transfer type.
3. Enter the beneficiary’s name, account number, and bank name.
4. Provide the IFSC code PUNB0MBGB06 for the Rajepur branch.
5. Specify the amount you wish to transfer.
6. Confirm the details and complete the transaction.

For RTGS (Real Time Gross Settlement)

RTGS is used for high-value transfers that are processed individually and in real-time. The minimum transfer amount for RTGS is typically 2 lakhs.

1. Access your online banking or visit your bank branch.
2. Choose “RTGS” as the transfer option.
3. Input the beneficiary’s name, account number, and bank name.
4. Enter the IFSC code PUNB0MBGB06 for the Rajepur branch.
5. Enter the transfer amount (it must meet the RTGS minimum).
6. Review all information carefully and confirm the payment.

For IMPS (Immediate Payment Service)

IMPS allows for instant, 24/7 fund transfers, even on holidays.

1. Open your mobile banking app or online banking portal.
2. Select “IMPS” for the transaction.
3. Enter the beneficiary’s mobile number and/or account number.
4. Provide the IFSC code PUNB0MBGB06 for the Rajepur branch.
5. Enter the amount you wish to send.
6. Verify the details and proceed with the transfer.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for the Bihar Gramin Bank, Rajepur branch offers several advantages:

• Accurate Transfers: It ensures your money goes to the exact intended bank and branch, avoiding errors.
• Faster Processing: Correct IFSC codes help speed up electronic fund transfers, especially for NEFT, RTGS, and IMPS.
• Enhanced Security: The unique code adds a layer of security by properly identifying the recipient’s bank branch.
• Convenience: It allows you to perform banking transactions from the comfort of your home or office using online banking or mobile apps.
• Essential for Payments: Many online platforms and bill payment services require an IFSC code for setting up direct debit or making payments.

Contact Information

Should you need to reach out to the bank, here are the relevant contact details:

• Branch Phone Number (Rajepur): 9297954689
• Branch Address (Rajepur): Rajepur, EAST CHAMPARAN, 845406, 9297954689
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

1. Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?

No, the IFSC code PUNB0MBGB06 is specific to the Rajepur branch (and associated with Madhya Bihar Gramin Bank). Each branch of any bank will have its own unique IFSC code. You should always confirm the exact IFSC code for the specific branch you intend to transact with.

2. What is the difference between IFSC and MICR codes?

The IFSC (Indian Financial System Code) is an 11-character code used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code primarily used for processing physical cheques. While both identify a bank branch, they serve different purposes.

3. Can I transfer money without an IFSC code?

For electronic fund transfers like NEFT, RTGS, or IMPS, the IFSC code is mandatory. Without it, the system cannot correctly identify the beneficiary’s bank branch, and the transaction will not go through. Some inter-bank transactions might be possible using other identifiers, but IFSC is standard for these main transfer types.

4. What should I do if the IFSC code I have is incorrect?

If you enter an incorrect IFSC code, your fund transfer might fail or, in rare cases, could be misdirected. It’s crucial to double-check the IFSC code before initiating any transaction. If a transfer fails due to an incorrect IFSC, the money is usually returned to your account. Always verify the code from reliable sources like the bank’s official website or your beneficiary’s passbook.

5. Where can I find the correct IFSC code for other branches?

You can find the correct IFSC code for any branch on the bank’s official website, on your cheque book, passbook, or by using online IFSC code finder tools. It’s always best to cross-verify from at least two sources to ensure accuracy.