Bihar Gramin Bank Raghunathpur Bazar IFSC Code

The Bihar Gramin Bank branch at Raghunathpur Bazar is located in East Champaran, Bihar, with the pincode 845431. When you need to send or receive money digitally, understanding the Indian Financial System Code, or IFSC, is crucial. This unique code makes sure your funds go to the correct bank and branch. It’s essential for common electronic payment methods like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service).

Branch Details

Here are the key details for the Bihar Gramin Bank, Raghunathpur Bazar branch:

Bank Name	Bihar Gramin Bank
Branch Name	Raghunathpur Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100243
Branch Address	Raghunathpur Bazar, EAST CHAMPARAN, 845431
Contact Number	9297954686
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845431
State	Bihar

Merger Update

It is important to note that both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form the Bihar Gramin Bank. This new entity now operates under the sponsorship of Punjab National Bank. As a result of this merger, all branches, including Raghunathpur Bazar, use a unified IFSC code structure starting with “PUNB0”. For instance, the Raghunathpur Bazar branch uses PUNB0MBGB06.

This means that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid for transactions. To ensure your fund transfers are successful, you must only use the new, consolidated IFSC code, such as PUNB0MBGB06, for all future transactions involving Bihar Gramin Bank.

What is IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code. It’s assigned by the Reserve Bank of India (RBI) to identify each bank branch in the country. This code helps to accurately route electronic fund transfers.

• The first four characters represent the bank’s name. For Bihar Gramin Bank under Punjab National Bank, these are “PUNB”.
• The fifth character is always ‘0’ (zero). This is a control character reserved for future use.
• The last six characters uniquely identify the specific bank branch. In the case of PUNB0MBGB06, “MBGB06” points to the Raghunathpur Bazar branch.

How to Use IFSC Code

Using the IFSC code is simple for online fund transfers:

• For NEFT (National Electronic Funds Transfer): When setting up a NEFT transfer, you will need the beneficiary’s bank name, account number, account holder’s name, and the correct IFSC code. Enter the IFSC code PUNB0MBGB06 when prompted. NEFT transactions are processed in batches during specific hours.
• For RTGS (Real-Time Gross Settlement): RTGS is used for large-value transactions, typically over ₹2 lakh. Similar to NEFT, you will enter the beneficiary’s bank name, account number, name, and the specific IFSC code (PUNB0MBGB06). RTGS transactions are processed individually in real-time during working hours.
• For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers. You will need the beneficiary’s mobile number, MMID (Mobile Money Identifier) or bank account number, and the IFSC code. The IFSC code PUNB0MBGB06 ensures the funds reach the Bihar Gramin Bank, Raghunathpur Bazar branch immediately.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code offers several benefits:

• Accurate Fund Transfers: It ensures your money reaches the intended beneficiary’s account at the correct branch, avoiding errors.
• Faster Transactions: Essential for quick processing of NEFT, RTGS, and IMPS payments.
• Online Banking Convenience: Required for setting up beneficiaries and making online transfers through net banking or mobile banking apps.
• Security: The unique code helps prevent fraud by verifying the exact destination of funds.
• Access to Digital Payments: Enables you to fully use modern digital payment systems without relying on physical cheques or cash.

Contact Information

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

• Branch Phone Number: 9297954686
• Branch Address: Raghunathpur Bazar, EAST CHAMPARAN, 845431, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank): 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank IFSC code:

Q1: Is the IFSC code PUNB0MBGB06 only for NEFT/RTGS, or can I use it for IMPS too?
A1: Yes, the IFSC code PUNB0MBGB06 is valid and required for all major electronic fund transfer methods, including NEFT, RTGS, and IMPS. It ensures your money is routed correctly through any of these services.

Q2: What should I do if my transaction fails due to an incorrect IFSC code?
A2: If a transaction fails because of an incorrect IFSC code, the money is usually reversed to your account. You should re-check the beneficiary’s bank details and the correct IFSC code (PUNB0MBGB06 for Raghunathpur Bazar branch) and then attempt the transaction again.

Q3: Has the Raghunathpur Bazar branch always had the IFSC PUNB0MBGB06?
A3: No. Following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, and its sponsorship by Punjab National Bank, the IFSC codes for all branches were unified. Old codes are no longer valid. PUNB0MBGB06 is the current and correct IFSC code for this branch.

Q4: Where can I find the IFSC code on my bank passbook or cheque book?
A4: You can typically find the IFSC code printed on the first page of your bank passbook. For cheque books, it is usually printed on individual cheque leaves, next to the bank name and branch address. You can also confirm it on the bank’s official website or through customer service.

Q5: Can I transfer funds to a Bihar Gramin Bank account if I only know the account number but not the IFSC code?
A5: No, for electronic fund transfers like NEFT, RTGS, or IMPS, the IFSC code is a mandatory detail along with the account number. Without it, the transaction system cannot identify the specific bank branch to which the funds should be sent. You must obtain the correct IFSC code for the Raghunathpur Bazar branch (PUNB0MBGB06) to complete the transfer.