The Bihar Gramin Bank branch in MEERACHAK is an important financial hub for the local community. Located in Nalanda, Bihar, this branch helps residents with their banking needs. To make digital fund transfers like NEFT, RTGS, and IMPS, you need specific bank details. One of the most critical details is the Indian Financial System Code, or IFSC. This unique 11-character code ensures that your money goes to the correct bank and branch account, making transactions safe and efficient.
Branch Details
Here are the key details for the Bihar Gramin Bank, MEERACHAK branch:
| Bank Name | Bihar Gramin Bank |
| Branch Name | MEERACHAK |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7521 |
| Branch Address | MEERACHAK, Nalanda, 803107 |
| Contact Number | 7541807521 |
| City | Nalanda |
| District | Nalanda |
| Reason | BIHARSHARIF |
| Pincode | 803107 |
| State | Bihar |
Merger Update
Bihar Gramin Bank, like other Regional Rural Banks (RRBs) in the state, operates under the sponsorship of Punjab National Bank. To streamline operations and provide better services, several regional rural banks in Bihar have undergone mergers. Specifically, former entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged and now operate under a unified structure, with Punjab National Bank as the sponsoring bank.
This means that for fund transfers to these regional rural banks, a common IFSC code format is used. The IFSC code PUNB0MBGB06 for the MEERACHAK branch reflects this consolidation. It is crucial to understand that all old IFSC codes belonging to former UBGB, DBGB, or other previously independent regional rural banks in this network have been revoked. Only the new, consolidated IFSC codes, such as PUNB0MBGB06, are valid for processing any financial transactions today. Always use the current IFSC to avoid transaction failures.
What is an IFSC Code?
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers. It’s like a digital address for your bank branch, ensuring that funds sent through NEFT, RTGS, or IMPS reach the correct destination without error.
The IFSC code has a specific structure:
- The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
- The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the MEERACHAK branch of Bihar Gramin Bank within the broader network. The “MBGB” part often signifies “Madhya Bihar Gramin Bank” or a similar consolidated entity under Punjab National Bank’s sponsorship, within which Bihar Gramin Bank operates.
How to Use the IFSC Code
Using the IFSC code is straightforward when you need to send or receive money digitally:
- For NEFT (National Electronic Funds Transfer): This system allows for batch-wise transfer of funds. When initiating an NEFT transaction, you will need the beneficiary’s name, account number, bank name, and the correct IFSC code (like PUNB0MBGB06). The funds are typically credited to the beneficiary’s account within a few hours on business days.
- For RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, usually above ₹2 lakhs. It processes fund transfers individually and continuously, meaning the money is settled in “real time.” Similar to NEFT, you will need the beneficiary’s details, including their bank’s IFSC code. RTGS transactions are faster but often have a higher minimum transfer limit.
- For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking or internet banking. To send money through IMPS, you’ll enter the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code. IMPS is ideal for urgent and smaller transfers.
In all these methods, providing the accurate IFSC code ensures that your money is routed to the precise branch, preventing delays or misdirected funds.
Benefits of Knowing the IFSC Code
Having the correct IFSC code at hand offers several advantages:
- Accurate Fund Transfers: Ensures your money reaches the right bank and branch.
- Faster Transactions: Helps process NEFT, RTGS, and IMPS transfers efficiently.
- Error Prevention: Reduces the chance of transactions failing or funds being sent to the wrong account.
- Convenience: Makes online banking and digital payments seamless and hassle-free.
- Essential for Online Forms: Many financial applications and online payment portals require the IFSC code.
Contact Information
If you need to get in touch with the MEERACHAK branch or the bank’s head office, here are the details:
- Branch Phone Number: 7541807521
- Branch Address: MEERACHAK, Nalanda, 803107
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
Here are some common questions about Bihar Gramin Bank and its IFSC code:
Q1: Is the IFSC code PUNB0MBGB06 valid for all transactions to Bihar Gramin Bank?
A1: Yes, PUNB0MBGB06 is the current and valid IFSC code for the Bihar Gramin Bank, MEERACHAK branch. It should be used for all NEFT, RTGS, and IMPS transactions.
Q2: What does ‘PUNB’ in the IFSC code stand for?
A2: ‘PUNB’ stands for Punjab National Bank. It indicates that Bihar Gramin Bank is sponsored by Punjab National Bank.
Q3: What if I use an old IFSC code for a transaction?
A3: If you use an old, revoked IFSC code, your transaction will likely fail. The funds will not be transferred, and you will receive an error notification from your bank.
Q4: Can I find the IFSC code on my passbook or chequebook?
A4: Yes, the IFSC code is usually printed on the first page of your bank passbook and on the cheque leaves of your chequebook. However, always confirm its validity, especially after bank mergers.
Q5: Is there a minimum amount for RTGS transactions?
A5: Yes, RTGS transactions typically have a minimum transfer amount of ₹2 lakhs. For amounts less than this, NEFT or IMPS are usually used.
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.