Bihar Gramin Bank MANJEELPUR RAHUI IFSC Code

When you need to send money electronically to or from the Bihar Gramin Bank branch at MANJEELPUR RAHUI in Nalanda, Bihar, an important code comes into play: the IFSC code. This code is crucial for making smooth and secure fund transfers through systems like NEFT, RTGS, and IMPS. It ensures your money reaches the right bank and the exact branch you intend.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	MANJEELPUR RAHUI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7431
Branch Address	MANJEELPUR RAHUI, Nalanda, 803119
Contact Number	9771464431
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803119
State	Bihar

Merger Update for Bihar Gramin Bank

You might recall two separate regional rural banks in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks merged to form the current Bihar Gramin Bank. This merger streamlined banking services across the region.

Bihar Gramin Bank is now sponsored by Punjab National Bank. Because of this, its IFSC codes follow a specific pattern, starting with ‘PUNB’. The IFSC code for the MANJEELPUR RAHUI branch is PUNB0MBGB06.

It is important to know that any old IFSC codes previously used by UBGB or DBGB branches have been revoked. For any electronic fund transfer to Bihar Gramin Bank, including the MANJEELPUR RAHUI branch, you must use the new, standardized IFSC code. Only the code PUNB0MBGB06 (or the respective new code for other branches) is valid for your transactions today.

What is an IFSC Code?

IFSC stands for the Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to every bank branch in India. Think of it like a digital address for your bank branch.

This code is made up of a mix of letters and numbers. Here is how it breaks down:

• The first four characters identify the bank. For the MANJEELPUR RAHUI branch, it is ‘PUNB’, which stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use.
• The last six characters uniquely identify the specific branch. For the MANJEELPUR RAHUI branch, these are ‘MBGB06’.

So, the full IFSC code PUNB0MBGB06 precisely points to the Bihar Gramin Bank, MANJEELPUR RAHUI branch. It ensures that when you send money electronically, it goes to the correct bank and the right location.

How to Use an IFSC Code for Fund Transfers

The IFSC code is essential for all major electronic fund transfer methods in India: NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Here’s how you generally use it:

1. Gather Beneficiary Details: When you want to send money, you will need the recipient’s bank account number, their name, and their bank’s IFSC code.
2. Log into Your Banking Platform: Access your online banking portal or mobile banking app. You can also visit your bank branch for assistance.
3. Select Transfer Type: Choose the type of transfer you want to make, such as NEFT, RTGS, or IMPS.
4. Add Beneficiary: If you haven’t transferred money to this person before, you will need to add them as a new beneficiary. This involves entering their name, account number, and the correct IFSC code (e.g., PUNB0MBGB06 for MANJEELPUR RAHUI).
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm and Transact: Review all details carefully. Once confirmed, the money will be sent to the specific bank and branch identified by the IFSC code.

Using the correct IFSC code ensures that your money is routed accurately and securely to the intended recipient’s bank branch.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Ensures Accuracy: It directs funds to the precise branch, preventing errors in electronic transfers.
• Facilitates Speedy Transfers: NEFT, RTGS, and IMPS transactions rely on IFSC codes for quick processing.
• Supports Online Banking: It is a mandatory detail for setting up beneficiaries and making payments through internet banking and mobile apps.
• Avoids Transaction Failures: An incorrect or old IFSC code can cause your transaction to fail, leading to delays and inconvenience.
• Confirms Branch Identity: It provides clear identification of a specific bank branch, which is helpful for various banking operations.

Contact Information

If you need to get in touch with the Bihar Gramin Bank, MANJEELPUR RAHUI branch, or the head office, here are the details:

• Branch Phone Number: 9771464431
• Branch Address: MANJEELPUR RAHUI, Nalanda, 803119
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about IFSC codes:

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It is a unique 11-character alphanumeric code used for electronic fund transfers.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A2: No, each individual branch of Bihar Gramin Bank has its own unique IFSC code. While the first four characters (e.g., PUNB) will be the same across all branches of a bank under the same sponsoring bank, the last six characters are specific to each branch.

Q3: Can I still use an old IFSC code for a Bihar Gramin Bank branch after the merger?
A3: No, you should not use old IFSC codes from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB). These have been revoked. Always use the new, standardized IFSC code, such as PUNB0MBGB06, for the specific Bihar Gramin Bank branch you are dealing with.

Q4: Where can I find the IFSC code for my bank branch?
A4: You can find your branch’s IFSC code on your bank passbook, cheque book, or on your bank’s official website. It is also often printed on bank statements. Reliable third-party financial websites also list these codes.

Q5: What is the difference between IFSC and MICR codes?
A5: Both are important for banking, but they serve different purposes. The IFSC code (Indian Financial System Code) is used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR code (Magnetic Ink Character Recognition) is a 9-digit code, like 800811002 for your branch. It is primarily used for processing cheques, helping in faster clearing and authentication.