The Piprakothi region, nestled in East Champaran, Bihar, is a vital hub for local commerce and community life. When managing your finances here, especially for digital transactions, understanding the Indian Financial System Code (IFSC) is key. An IFSC code is a unique identifier essential for electronic fund transfers like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures your money reaches the correct bank and branch without errors, making your transactions smooth and secure.
Bihar Gramin Bank, Piprakothi Branch Details
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Piprakothi |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100239 |
| Branch Address | Piprakothi, EAST CHAMPARAN, 845429, 9297954683 |
| Contact Number | 9297954683 |
| City | EAST CHAMPARAN |
| District | EAST CHAMPARAN |
| Reason | MOTIHARI |
| Pincode | 845429 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
Bihar Gramin Bank is a Regional Rural Bank (RRB) that operates under the sponsorship of Punjab National Bank (PNB). This sponsorship is reflected directly in its IFSC codes. Specifically, the IFSC code for the Piprakothi branch, PUNB0MBGB06, clearly shows this connection:
- The first four characters, PUNB, denote Punjab National Bank, the sponsoring bank.
- The middle characters, MBGB, refer to Madhya Bihar Gramin Bank, which was subsequently renamed to Bihar Gramin Bank.
It is crucial to use this current and accurate IFSC code for all your electronic fund transfers to or from the Bihar Gramin Bank, Piprakothi branch. Using an outdated or incorrect code could lead to transaction failures or delays.
What is an IFSC Code?
The Indian Financial System Code, or IFSC, is an 11-character alphanumeric code. It’s unique to each bank branch in India. The Reserve Bank of India (RBI) assigns these codes to facilitate electronic financial transactions. Knowing its structure can help you verify its authenticity:
- The first four characters represent the bank’s name. For example, “PUNB” for Punjab National Bank (the sponsor bank for Bihar Gramin Bank).
- The fifth character is always ‘0’ (zero). This is reserved for future use and helps distinguish bank codes from branch codes.
- The last six characters identify the specific bank branch. In the case of PUNB0MBGB06, “MBGB06” is the unique branch identifier for Piprakothi.
How to Use an IFSC Code
Using the IFSC code is a straightforward process for various electronic fund transfers. Here’s a quick guide:
- For NEFT (National Electronic Funds Transfer): This system processes transactions in batches. When you initiate an NEFT transfer through your bank’s online portal or mobile app, you’ll need the beneficiary’s name, bank account number, bank name, and the specific IFSC code (e.g., PUNB0MBGB06 for Piprakothi).
- For RTGS (Real Time Gross Settlement): RTGS is designed for high-value transactions that are settled individually and immediately. Similar to NEFT, you will input the beneficiary’s details, including their bank name, account number, and the IFSC code, to ensure the funds are transferred in real-time.
- For IMPS (Immediate Payment Service): IMPS offers instant 24/7 fund transfers, even on holidays. You’ll typically use the beneficiary’s mobile number and MMID (Mobile Money Identifier), or their bank account number and IFSC code (PUNB0MBGB06), to send money instantly.
Always double-check the IFSC code before confirming a transaction to prevent any misdirection of funds.
Benefits of Knowing Your IFSC Code
Having easy access to the correct IFSC code for Bihar Gramin Bank, Piprakothi branch, offers several practical advantages:
- Error-Free Transactions: It ensures your money goes to the correct bank branch, reducing the risk of failed transfers or funds going to the wrong account.
- Faster Processing: Correct IFSC codes help banks process your NEFT, RTGS, and IMPS transactions quickly and efficiently.
- Convenience: You can complete bank transfers from anywhere, anytime, using online banking or mobile apps, simply by entering the IFSC code.
- Security: The unique nature of the IFSC code adds a layer of security to digital transactions, as it verifies the recipient’s branch.
- Account Linking: Many online platforms, like e-commerce sites or investment portals, require your bank’s IFSC code to link your account for payouts or refunds.
Contact Information
Should you need to get in touch with the Bihar Gramin Bank, Piprakothi branch, or the head office, here are the details:
- Piprakothi Branch Phone Number: 9297954683
- Piprakothi Branch Address: Piprakothi, EAST CHAMPARAN, 845429, BIHAR
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
What is the full form of IFSC?
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used for identifying bank branches involved in electronic fund transfers.
Is the 5th character of an IFSC code always zero?
Yes, the fifth character of an IFSC code is always ‘0’ (zero). This character is reserved for future use and acts as a separator between the bank code and the branch code.
Can I use the IFSC code to find the branch address?
While the IFSC code uniquely identifies a branch, it doesn’t directly reveal the full address. However, by knowing the IFSC code, you can easily look up the complete branch details, including the address, on your bank’s website or other financial portals.
What happens if I enter a wrong IFSC code during a transaction?
If you enter an incorrect IFSC code, your electronic fund transfer (NEFT, RTGS, IMPS) will likely fail. The system will detect the mismatch and reject the transaction. In some cases, if the incorrect code belongs to another valid branch, your funds could be sent to the wrong recipient, though this is rare. Always verify the IFSC before confirming.
Is the IFSC code different from the SWIFT code?
Yes, IFSC codes and SWIFT codes are different. An IFSC code is used for domestic electronic transactions within India. A SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as a BIC (Bank Identifier Code), is used for international wire transfers to identify banks worldwide.
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.