Bihar Gramin Bank MAHKAR IFSC Code

MAHKAR is a village/branch location in Gaya district, Bihar (Pincode 824233). This entry covers the Bihar Gramin Bank branch at MAHKAR and the IFSC code used for electronic fund transfers. The IFSC code is essential for NEFT, RTGS and IMPS because banks use it to route payments to the correct bank and branch. Entering the correct IFSC prevents delays, failed transfers, or funds going to the wrong branch.

Branch Details

Merger Update

Note on former regional gramin banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been consolidated under Punjab National Bank. After the merger, the combined rural bank branches now use the unified IFSC code PUNB0MBGB06 (Punjab National Bank format) for NEFT/RTGS/IMPS transactions. Old UBGB and DBGB IFSC codes have been revoked. Only the new IFSC code PUNB0MBGB06 is valid for transfers to branches now operating under this arrangement. Always confirm the current IFSC with the branch before initiating large transfers.

What is IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code. It identifies the bank and the specific branch in electronic payments.

• First 4 characters: Bank identifier. Example: PUNB = Punjab National Bank.
• 5th character: Reserved and is always 0 (zero) in the standard format.
• Last 6 characters: Branch identifier. Example: MBGB06 denotes the particular branch.

How to Use IFSC Code for NEFT, RTGS, IMPS

• Open your bank’s netbanking or mobile banking app.
• Choose “Fund Transfer” and then “Add Beneficiary” (or similar).
• Enter beneficiary name, account number, and the IFSC: PUNB0MBGB06. Ensure all 11 characters are correct.
• Verify the beneficiary name that the system shows after IFSC/account entry. The name must match the recipient’s account name.
• Choose the transfer method: IMPS (instant, 24×7), NEFT (batch processing, usually available most hours), or RTGS (for high-value, bank-specific minimums). Check your bank for RTGS limits.
• Enter amount, purpose, and any remarks. Confirm charges and transfer timing shown by the app.
• Authenticate the transfer with OTP or your bank’s authorization method.
• Keep the transaction reference number. Use it to track or report failures.

Benefits of Knowing the IFSC

• Ensures funds route to the correct branch and account.
• Faster electronic transfer setup—adds beneficiary quickly in netbanking/mobile apps.
• Reduces risk of failed or misdirected transfers.
• Needed for salary credits, bill payments, or linking accounts for online services.
• Required information when reconciling bank receipts or verifying deposits.

Contact

Branch phone no: 7070196982

Branch Address: MAHKAR, Gaya, 824233, 7070196982

Head office address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll free no: 18001807777

FAQs

• Q: How can I verify the IFSC before sending money?

  A: Check the bank’s printed passbook, a cheque leaf (IFSC printed on cheque), or call the branch phone number. You can also verify via the bank’s customer service (toll-free) listed above.

• Q: What happens if I enter the wrong IFSC?

  A: If the IFSC does not match the account number, the transfer usually fails and funds return to the remitter after reconciliation. If the IFSC points to a valid branch and the account number exists there, the bank may still credit that account—so always confirm both IFSC and account number to avoid mis-credit.

• Q: Are IFSC and MICR the same?

  A: No. IFSC routes electronic transfers. MICR (Magnetic Ink Character Recognition) code, here 800811002, is used mainly for processing cheques through the clearing system. Both identify branches but serve different purposes.

• Q: Did the IFSC change after bank mergers?

  A: Yes. After consolidation of regional gramin banks with a sponsor bank, IFSCs are often reissued in the sponsor bank’s format. In this area, old UBGB/DBGB IFSCs were revoked and the valid code to use is PUNB0MBGB06. Always use the currently published IFSC for transfers.

• Q: Which transfer method should I use—NEFT, RTGS or IMPS?

  A: Use IMPS for immediate small transfers any time. Use NEFT for routine transfers—timing depends on bank batches. Use RTGS for large-value transfers; check your bank for the minimum amount and cut-off times. Confirm charges and settlement times before sending.

Kriti Kumari

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.