Bihar Gramin Bank Bariyarpur IFSC Code

This article discusses the Bihar Gramin Bank branch located in Bariyarpur, East Champaran, Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is essential for anyone looking to make electronic fund transfers. Whether you’re sending money through National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the correct IFSC code ensures your transaction reaches the right bank and branch quickly and securely.

Branch Details

Here are the specific details for the Bihar Gramin Bank, Bariyarpur branch:

Bank Name	Bihar Gramin Bank
Branch Name	Bariyarpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108006
Branch Address	Bariyarpur, EAST CHAMPARAN, 845401, 9297954610
Contact Number	9297954610
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845401
State	Bihar

Merger Update

The Bihar Gramin Bank was one of the Regional Rural Banks (RRBs) that merged to form the Madhya Bihar Gramin Bank. This merger took place to consolidate banking services and streamline operations. Madhya Bihar Gramin Bank is sponsored by Punjab National Bank (PNB).

As a result of this consolidation, the Bariyarpur branch, formerly operating under Bihar Gramin Bank, now functions under the Madhya Bihar Gramin Bank umbrella. Its official IFSC code for all electronic transactions is PUNB0MBGB06. It is important to note that any previous IFSC codes associated with Bihar Gramin Bank, or other constituent banks before the merger, have been revoked and are no longer valid for fund transfers. Only the new IFSC code, PUNB0MBGB06, should be used for all your NEFT, RTGS, and IMPS transactions to and from this branch.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in electronic fund transfers. This code helps the banking system direct your money to the exact branch you intend.

The structure of an IFSC code is specific:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin 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 identify the specific bank branch. In PUNB0MBGB06, “MBGB06” identifies the Bariyarpur branch of Madhya Bihar Gramin Bank.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you are making an online fund transfer. Here’s how it generally works for different types of transactions:

For NEFT (National Electronic Funds Transfer):

1. Log in to your bank’s online banking portal or mobile app.
2. Select the “Fund Transfer” or “Payments” option.
3. Choose “NEFT” as the transfer type.
4. Add the beneficiary (the person you are sending money to). You will need their account number, name, and the IFSC code (PUNB0MBGB06 for the Bariyarpur branch).
5. Enter the amount you wish to transfer.
6. Confirm the details and submit the transfer. NEFT transactions are processed in batches during specific hours.

For RTGS (Real Time Gross Settlement):

1. Access your online banking or mobile app.
2. Select “Fund Transfer” and then “RTGS.”
3. Add or select the beneficiary. You’ll need their account number, name, and the IFSC code (PUNB0MBGB06).
4. Enter the amount. RTGS is typically used for large-value transactions (usually above Rs. 2 lakhs).
5. Review all information carefully and confirm. RTGS transactions are processed individually and almost instantly during banking hours.

For IMPS (Immediate Payment Service):

1. Open your mobile banking app.
2. Select the “IMPS” option.
3. You can transfer using the beneficiary’s Mobile Number and MMID (Mobile Money Identifier) or by using their Account Number and IFSC Code. For the latter, enter the beneficiary’s account number and the IFSC code (PUNB0MBGB06).
4. Input the transfer amount.
5. Verify the details and proceed. IMPS offers instant transfers 24/7, even on holidays.

Always double-check the beneficiary’s account number and the IFSC code before confirming any transaction to avoid errors.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several important benefits:

• Ensures Accurate Transfers: The unique code guarantees that your money goes to the specific branch and account you intend, minimizing the risk of funds being misdirected.
• Facilitates Electronic Payments: It is mandatory for all major electronic fund transfer systems like NEFT, RTGS, and IMPS, enabling fast and efficient digital transactions.
• Saves Time and Effort: Instead of visiting a physical branch or dealing with complex manual processes, the IFSC code allows for quick online transfers from anywhere.
• Reduces Transaction Errors: By clearly identifying the destination branch, the IFSC code helps in reducing manual errors that could occur with incomplete or incorrect branch information.
• Supports Interbank Transactions: It is crucial for transactions between different banks, ensuring seamless communication and transfer of funds across the Indian banking network.

Contact Information

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

• Branch Phone Number: 9297954610
• Branch Address: Bariyarpur, EAST CHAMPARAN, 845401, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777

FAQs

Here are some frequently asked questions about IFSC codes and the Bihar Gramin Bank Bariyarpur branch:

Q1: Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank Bariyarpur branch?
A1: Yes, following the merger and operations under Madhya Bihar Gramin Bank, PUNB0MBGB06 is the sole valid IFSC code for the Bariyarpur branch for all electronic fund transfers.

Q2: What should I do if I previously used an old IFSC code for this branch?
A2: If you have saved old IFSC codes, update them immediately with PUNB0MBGB06 for any future transactions. Old codes will likely result in failed transfers.

Q3: Can I find the IFSC code on my bank passbook or cheque book?
A3: Yes, the IFSC code is typically printed on your bank passbook and on the top left corner of your cheque leaves. Always verify it against official sources if there’s any doubt.

Q4: Is the MICR code also important for online transactions?
A4: The MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. While not directly required for online NEFT, RTGS, or IMPS, it’s a unique identifier for the branch.

Q5: What is the minimum amount for an RTGS transfer to this branch?
A5: RTGS is designed for large-value transactions, with a minimum transfer amount of Rs. 2 lakhs (Two Lakh Indian Rupees). There is typically no upper limit for RTGS transactions.