Bihar Gramin Bank M T BHALUAHI IFSC Code

If you’re looking to send or receive money at the Bihar Gramin Bank branch in M T BHALUAHI, Nawada, Bihar, understanding the Indian Financial System Code (IFSC) is key. This unique code is essential for all electronic money transfers within India, including popular methods like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Knowing the correct IFSC ensures your funds reach the intended bank account without any delays or errors.

Branch Details

Here are the complete details for the Bihar Gramin Bank branch located in M T BHALUAHI:

Bank Name	Bihar Gramin Bank
Branch Name	M T BHALUAHI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7290
Branch Address	M T BHALUAHI, Nawada, 805124, 9771464290
Contact Number	9771464290
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805124
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed from the merger of two significant regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). Both of these entities have now combined their operations under the new identity of Bihar Gramin Bank. This means that all banking activities for branches previously associated with DBGB or UBGB are now handled by Bihar Gramin Bank.

As part of this merger, all older IFSC codes belonging to Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. For any electronic fund transfers to any branch of the newly formed Bihar Gramin Bank, including the M T BHALUAHI branch, you must use the updated IFSC code. The correct and currently valid IFSC code for all branches under Bihar Gramin Bank is PUNB0MBGB06. Using any old IFSC code will result in your transaction being rejected.

What is an IFSC Code?

The IFSC Code stands for Indian Financial System Code. It is a unique 11-character alpha-numeric code assigned by the Reserve Bank of India (RBI) to identify each bank branch participating in online money transfers. Think of it as a digital address for a specific bank branch.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” signifies Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters uniquely identify the specific bank branch. In PUNB0MBGB06, these characters point directly to the M T BHALUAHI branch of Bihar Gramin Bank.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code is simple and crucial for any online money transfer. Whether you’re sending money via NEFT, RTGS, or IMPS, you’ll need this code along with other beneficiary details:

1. Gather Beneficiary Details: You will need the beneficiary’s name, their bank account number, their bank name (Bihar Gramin Bank), their branch name (M T BHALUAHI), and the correct IFSC code (PUNB0MBGB06).
2. Log In to Your Banking Portal: Access your online banking account or mobile banking app.
3. Select Transfer Type: Choose the type of transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): Typically used for transfers of any amount, processed in batches.
   • RTGS (Real Time Gross Settlement): Used for large value transfers (usually Rs. 2 lakh and above) processed individually and in real-time.
   • IMPS (Immediate Payment Service): Allows for instant, 24/7 fund transfers, usually for smaller amounts.
4. Add New Beneficiary: If you haven’t sent money to this account before, you will need to add them as a new beneficiary. You will input all the gathered details, including the IFSC code.
5. Initiate Transfer: Once the beneficiary is added (or if they are already saved), select their details, enter the amount you wish to send, and confirm the transaction. The IFSC code ensures your money goes to the correct branch.

Benefits of Knowing Your IFSC Code

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

• Accurate Fund Transfers: It guarantees that electronic transfers like NEFT, RTGS, and IMPS are routed to the precise branch, preventing errors.
• Faster Processing: With the correct IFSC, transactions are processed smoothly and quickly, reducing delays in fund availability.
• Security: The unique identification helps in ensuring that your money reaches the intended recipient and account, enhancing the security of your transactions.
• Convenience: It simplifies the process of sending and receiving money online, making banking more efficient from any location.
• Mandatory Requirement: It is a mandatory field for all online inter-bank transactions within India. Without it, the transfer cannot be completed.

Contact Information

For any inquiries or assistance related to Bihar Gramin Bank, M T BHALUAHI branch, or general banking services, you can use the following contact details:

• Branch Phone Number: 9771464290
• Branch Address: M T BHALUAHI, Nawada, 805124
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and Bihar Gramin Bank:

Q1: Is the IFSC code for Bihar Gramin Bank branches the same across all locations?
A1: No. While the first four characters (“PUNB”) and the fifth character (“0”) are common for all Bihar Gramin Bank branches, the last six characters are unique to each specific branch. So, the IFSC for M T BHALUAHI (PUNB0MBGB06) will be different from another Bihar Gramin Bank branch.

Q2: Can I use an old IFSC code from Dakshin Bihar Gramin Bank or Uttar Bihar Gramin Bank?
A2: No. Following the merger, all old IFSC codes for Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are invalid. You must use the new and unified IFSC code, which typically starts with “PUNB0MBGB,” for all transactions to Bihar Gramin Bank accounts.

Q3: What if I enter the wrong IFSC code during a transfer?
A3: If you enter an incorrect IFSC code, your transaction will likely be rejected by the banking system. The funds will not be debited from your account, or if debited, they will be reversed. Always double-check the IFSC code before confirming a transaction to avoid delays.

Q4: How can I find the IFSC code for another Bihar Gramin Bank branch?
A4: You can find the IFSC code for other branches on the bank’s official website, on your bank passbook or cheque leaf, or by using reliable third-party financial websites. You can also contact the bank’s customer service for assistance.

Q5: Is MICR code also required for online transfers?
A5: No, the MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. For online electronic fund transfers like NEFT, RTGS, or IMPS, only the IFSC code is required along with the beneficiary’s account number and other details.