Bihar Gramin Bank MAHMUDA IFSC Code

The Bihar Gramin Bank MAHMUDA branch is located in Nalanda, Bihar, with the pincode 801303. This branch plays a vital role for residents and businesses in the area, enabling various financial transactions. When you need to transfer funds electronically using services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a special code called the IFSC (Indian Financial System Code) is essential. This unique code ensures your money reaches the correct bank and branch without any errors.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	MAHMUDA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6861
Branch Address	MAHMUDA, Nalanda, 801303, 7485096861
Contact Number	7485096861
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	801303
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This MAHMUDA branch now operates under the umbrella of Bihar Gramin Bank. As part of this merger, all previous IFSC codes belonging to UBGB and DBGB have been revoked. For any electronic fund transfers to or from this MAHMUDA branch, you must use the new and unified IFSC code: PUNB0MBGB06. This code is sponsored by Punjab National Bank, which is the parent bank for Bihar Gramin Bank. Using any old IFSC codes will result in failed transactions.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character code. It identifies every bank branch in India. The Reserve Bank of India (RBI) assigns these codes. This code is crucial for all electronic fund transfers.

Here is how the IFSC code PUNB0MBGB06 breaks down:

• The first four characters, PUNB, identify the bank. In this case, it represents Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters, MBGB06, identify the specific branch. This part uniquely points to the MAHMUDA branch of Bihar Gramin Bank.

How to Use an IFSC Code

You need the IFSC code for several types of electronic money transfers. Here’s how you use it for common services:

For NEFT (National Electronic Funds Transfer):

1. Log in to your bank’s online banking portal or mobile app.
2. Select the “Fund Transfer” option, then choose “NEFT.”
3. Add the beneficiary (the person receiving the money) if you haven’t already. You will need their name, account number, account type, and the IFSC code (PUNB0MBGB06 for MAHMUDA branch).
4. Enter the amount you wish to send.
5. Confirm the transaction details. The funds will be processed in batches during banking hours.

For RTGS (Real Time Gross Settlement):

1. Access your bank’s online platform or visit a branch.
2. Choose “Fund Transfer” and then “RTGS.” This service is typically for larger amounts, often above 2 lakh rupees.
3. Provide the beneficiary’s details: name, account number, account type, and the IFSC code (PUNB0MBGB06).
4. Specify the transfer amount.
5. Review and confirm. RTGS transactions are processed individually and in real time.

For IMPS (Immediate Payment Service):

1. Open your bank’s mobile banking app or internet banking.
2. Go to the “IMPS” section for instant transfers.
3. Enter the beneficiary’s mobile number and MMID (Mobile Money Identifier) if available, or their account number and the IFSC code (PUNB0MBGB06).
4. Input the amount to transfer.
5. Verify the details and proceed. IMPS offers instant credit to the beneficiary’s account, even on holidays.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch is very useful for several reasons:

• Accurate Transfers: It guarantees that your money goes to the right bank and branch, preventing errors.
• Faster Transactions: Correct IFSC codes ensure smooth processing of NEFT, RTGS, and IMPS transfers, reducing delays.
• Online Banking: It is essential for setting up and making payments through internet and mobile banking services.
• Safe Transactions: It adds a layer of security by uniquely identifying the destination branch for financial transactions.
• Avoiding Rejections: Using the correct code prevents your fund transfer requests from being rejected due to incorrect information.

Contact Information

MAHMUDA Branch Contact:

• Phone Number: 7485096861
• Branch Address: MAHMUDA, Nalanda, 801303

Bihar Gramin Bank Head Office:

• Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all types of transfers?
A1: Yes, the IFSC code PUNB0MBGB06 is valid for all electronic fund transfers including NEFT, RTGS, and IMPS to the Bihar Gramin Bank MAHMUDA branch.

Q2: What happens if I use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A2: If you use an old IFSC code from either Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, your transaction will likely fail. This is because these banks have merged into Bihar Gramin Bank, and their old codes are no longer active.

Q3: Can I find the IFSC code on my passbook?
A3: Yes, the IFSC code is usually printed on your bank passbook or checkbook. You can also find it on your bank’s official website or through online IFSC lookup tools.

Q4: Do I need the IFSC code for ATM withdrawals?
A4: No, you do not need an IFSC code for ATM withdrawals. The IFSC code is only required for electronic fund transfers between different bank accounts or branches.

Q5: What is the MICR code for the MAHMUDA branch and what is its purpose?
A5: The MICR (Magnetic Ink Character Recognition) code for the MAHMUDA branch is 800811002. This 9-digit code is primarily used for processing checks quickly and securely. It is printed on the bottom of check leaves.