Welcome to the essential guide for navigating banking services at the Bihar Gramin Bank MAKHAR branch, located in Nawada, Bihar. In today’s digital age, understanding your bank’s Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address for your bank branch, making online fund transfers through systems like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) smooth, secure, and efficient. Whether you’re sending money to family, paying bills, or managing business transactions, the correct IFSC code ensures your funds reach their intended destination without any hitches.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | MAKHAR |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7291 |
| Branch Address | MAKHAR, Nawada, 805134, 9771464291 |
| Contact Number | 9771464291 |
| City | Nawada |
| District | Nawada |
| Reason | NAWADA |
| Pincode | 805134 |
| State | Bihar |
Merger Update
Both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have undergone a significant merger. They now operate under a unified structure, and for branches like MAKHAR, the designated IFSC code for all digital fund transfers is PUNB0MBGB06. This code is associated with Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank. All old IFSC codes previously used by UBGB or DBGB are now invalid. Only PUNB0MBGB06 should be used for your transactions to ensure successful and timely transfers.
What is an IFSC Code?
An IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code uniquely identifying every bank branch participating in online fund transfers. Think of it as a specific address for a bank branch. This code is essential for NEFT, RTGS, and IMPS transactions.
The 11 characters are structured in a specific way:
- The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank.
- The fifth character is always a zero (0). This character is kept as a control measure for future use.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” points to the MAKHAR branch.
Understanding this structure helps you verify that you are using the correct code for your intended transaction.
How to Use an IFSC Code
Using the IFSC code for your digital fund transfers is straightforward. Here’s a general guide for NEFT, RTGS, and IMPS transactions:
- Log In: Access your bank’s internet banking portal or mobile banking app.
- Select Fund Transfer: Choose the option for “Fund Transfer” or “Payments.”
- Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. Provide the following details:
- Beneficiary’s Name
- Beneficiary’s Account Number (confirm it twice for accuracy)
- Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
- Beneficiary’s Branch Name (e.g., MAKHAR)
- Beneficiary’s IFSC Code (e.g., PUNB0MBGB06)
- Enter Amount: Specify the amount of money you wish to transfer.
- Choose Transfer Type: Select NEFT, RTGS, or IMPS based on the amount and urgency:
- NEFT (National Electronic Funds Transfer): Good for non-urgent transfers, processed in batches.
- RTGS (Real Time Gross Settlement): For large, urgent transfers (usually above 2 lakh rupees), processed individually and immediately.
- IMPS (Immediate Payment Service): For instant transfers, available 24/7, even on holidays.
- Confirm and Transact: Review all details carefully before confirming the transaction. You may need to enter an OTP (One-Time Password) for verification.
Always double-check the IFSC code and account number to prevent any misdirection of funds.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for your bank branch offers several key advantages:
- Enables Digital Transactions: It’s mandatory for all online fund transfers (NEFT, RTGS, IMPS), allowing you to send and receive money electronically.
- Ensures Security: The unique code helps your bank identify the exact destination branch, adding a layer of security to your transactions and reducing the risk of errors.
- Faster Transfers: With the correct IFSC, funds are routed efficiently, leading to quicker processing times for electronic payments.
- Branch Identification: It acts as a precise identifier, distinguishing your specific branch from hundreds or thousands of others within the same bank.
- Convenience: Facilitates banking from anywhere, anytime, without needing to visit the physical branch for fund transfers.
- Reduces Errors: Using the accurate IFSC minimizes the chances of failed transactions or money being sent to the wrong account.
Contact Information
For any queries related to your banking services or the MAKHAR branch, you can use the following contact details:
- Branch Phone Number: 9771464291
- Branch Address: MAKHAR, Nawada, 805134, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
What is the IFSC code for Bihar Gramin Bank MAKHAR branch?
The IFSC code for the Bihar Gramin Bank MAKHAR branch is PUNB0MBGB06.
Is the IFSC code the same for all branches of Bihar Gramin Bank?
No, the IFSC code is unique to each specific bank branch. While the first few characters (like ‘PUNB0’) might be similar for branches sponsored by Punjab National Bank, the last six characters will differ to identify each unique branch.
What happens if I use an incorrect or old IFSC code for a transaction?
If you use an incorrect or outdated IFSC code, your online fund transfer (NEFT, RTGS, IMPS) will likely fail, and the transaction will not be processed. The funds will either be returned to your account or the system will flag an error. It’s crucial to always use the most current and accurate IFSC code.
Do I need an IFSC code for cash deposits or withdrawals at the branch?
No, the IFSC code is primarily required for electronic fund transfers like NEFT, RTGS, and IMPS. You do not need an IFSC code for making cash deposits or withdrawals directly at the bank branch or through an ATM.
How can I find the IFSC code for another branch of Bihar Gramin Bank or any other bank?
You can find the IFSC code in several ways: on your bank’s passbook or chequebook, on the bank’s official website, through mobile banking apps, or by contacting the bank’s customer service. Always cross-reference the code to ensure accuracy.
What do the different parts of the IFSC code PUNB0MBGB06 signify?
In PUNB0MBGB06:
- PUNB identifies Punjab National Bank as the sponsoring bank.
- The 0 is a control character for future use.
- MBGB06 specifically identifies the MAKHAR branch.
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.