Bihar Gramin Bank PACHRUKHI IFSC Code

This article provides key details for the Bihar Gramin Bank branch located in PACHRUKHI, Nawada. Understanding the Indian Financial System Code (IFSC) for this branch is crucial for anyone needing to transfer funds electronically. The IFSC acts like a unique digital address for bank branches, essential for secure and efficient transactions via systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, these modern fund transfer methods cannot be completed.

Branch Details

Here are the important details for the Bihar Gramin Bank, PACHRUKHI branch:

Bank Name	Bihar Gramin Bank
Branch Name	PACHRUKHI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7510
Branch Address	PACHRUKHI, Nawada, 805126, 7541807510
Contact Number	7541807510
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805126
State	Bihar

Merger Update

The IFSC code for this branch, PUNB0MBGB06, indicates that Bihar Gramin Bank operates as Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank. This is a common structure for Regional Rural Banks (RRBs) in India.

Regarding past regional rural banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), their structures and IFSC codes have changed due to various mergers and consolidations within the banking sector. While Madhya Bihar Gramin Bank (often simply referred to as Bihar Gramin Bank) is distinct from the direct merger of UBGB and DBGB, it’s part of the wider trend of streamlining regional banking. Many older bank codes, including those from UBGB and DBGB, have been revoked. For any branch now operating under the umbrella of Madhya Bihar Gramin Bank and sponsored by Punjab National Bank, only the new unified IFSC code like PUNB0MBGB06 is valid for fund transfers. Always ensure you use the most current IFSC code to avoid transaction failures.

What is IFSC Code?

An IFSC code is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers in India. It’s a standard format set by the Reserve Bank of India (RBI).

The structure of the IFSC code is straightforward:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between old and new IFSC formats.
• The last six characters identify the specific branch. In “PUNB0MBGB06”, “MBGB06” refers to the particular branch within Madhya Bihar Gramin Bank.

How to Use IFSC Code

Using an IFSC code is a standard part of initiating online fund transfers. Here’s how it works for common services:

1. For NEFT (National Electronic Funds Transfer):
   • Log in to your bank’s net banking portal or mobile banking app.
   • Go to the “Funds Transfer” section and select “NEFT.”
   • Add the beneficiary (the person you’re sending money to) if you haven’t already. You’ll need their name, account number, account type, and the correct IFSC code (PUNB0MBGB06 for PACHRUKHI branch).
   • Enter the amount you wish to transfer.
   • Confirm the details and complete the transaction. NEFT transactions are processed in batches during banking hours.
2. For RTGS (Real Time Gross Settlement):
   • RTGS is for large-value transactions, typically INR 2 lakhs and above.
   • The steps are similar to NEFT. Log in to your net banking, choose “RTGS” from the funds transfer options.
   • Provide the beneficiary’s details, including their account number and the IFSC code (PUNB0MBGB06).
   • Enter the amount. RTGS transactions are processed individually and in real-time, meaning funds are transferred almost instantly.
3. For IMPS (Immediate Payment Service):
   • IMPS allows instant fund transfers 24/7, even on holidays.
   • Access your mobile banking app or internet banking.
   • Select “IMPS” for fund transfer.
   • You will need the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code (PUNB0MBGB06).
   • Enter the amount and confirm. The transfer is completed instantly.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transaction to ensure the funds reach the correct recipient.

Benefits of Knowing IFSC Code

Knowing the correct IFSC code for your bank branch, or for any beneficiary’s branch, offers several advantages:

• Enables Online Transfers: It is mandatory for all major electronic fund transfer methods like NEFT, RTGS, and IMPS.
• Ensures Accuracy: The unique code helps prevent errors in routing funds to the wrong branch or bank.
• Speeds Up Transactions: Facilitates faster processing of inter-bank fund transfers.
• Simplifies Payments: Makes it easier to send and receive money from different banks across India.
• Supports Digital Banking: Essential for leveraging modern banking services through mobile apps and internet banking platforms.

Contact

If you need to get in touch with the bank, here are the contact details:

• Branch Phone Number (PACHRUKHI): 7541807510
• Branch Address (PACHRUKHI): PACHRUKHI, Nawada, 805126, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank): 18001807777

FAQs

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

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No. Each branch of Bihar Gramin Bank (Madhya Bihar Gramin Bank) has its own unique IFSC code. While “PUNB0MBGB” is the bank code, the last six characters will differ for each specific branch. This particular code, PUNB0MBGB06, is specifically for the PACHRUKHI branch in Nawada.

Q2: What is the MICR Code for the PACHRUKHI branch?
A2: The MICR (Magnetic Ink Character Recognition) Code for the PACHRUKHI branch is 800811002. This code is primarily used for processing physical cheques.

Q3: Can I use an old IFSC code if I still have it for a Bihar Gramin Bank branch?
A3: It is strongly advised against using old IFSC codes. Due to bank mergers and changes in banking structure, many old codes have been revoked. Always verify and use the most current IFSC code to ensure your transactions are successful and funds are correctly routed.

Q4: What should I do if my online transfer fails due to an incorrect IFSC code?
A4: If your transaction fails because of an incorrect IFSC code, the funds will typically be reversed to your account within a few hours or one to two business days. You should re-initiate the transaction using the correct IFSC code after verifying it.

Q5: How can I find the correct IFSC code for another Bihar Gramin Bank branch?
A5: You can find the correct IFSC code on the bank’s official website, on your chequebook, or by using online IFSC code search tools. Always cross-verify the code before initiating a transaction.