Bihar Gramin Bank BAKHTIYARPUR IFSC Code

The Bihar Gramin Bank branch in BAKHTIYARPUR, Patna, is an important hub for local financial transactions. For anyone needing to send or receive money digitally, understanding its Indian Financial System Code (IFSC) is crucial. This unique code allows for secure and efficient fund transfers through systems like NEFT, RTGS, and IMPS, ensuring your money reaches the correct bank and branch without issues.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	BAKHTIYARPUR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7487
Branch Address	BAKHTIYARPUR, Patna, 800001, 7781004487
Contact Number	7781004487
City	Patna
District	Patna
Reason	PATNA
Pincode	800001
State	Bihar

Merger Update

For customers of Bihar Gramin Bank, it is important to understand the bank’s history and its relationship with Punjab National Bank (PNB). Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) merged to form the current Bihar Gramin Bank. This new, merged entity operates under the sponsorship of Punjab National Bank.

Because of this sponsorship, all branches of Bihar Gramin Bank, including the BAKHTIYARPUR branch, use IFSC codes that begin with “PUNB”. This signifies PNB’s role as the sponsor bank. The specific IFSC code for the BAKHTIYARPUR branch, PUNB0MBGB06, is the only valid code for financial transactions. If you previously used an IFSC code for UBGB or DBGB, please note that those old codes have been revoked and are no longer valid for any transactions to Bihar Gramin Bank accounts. Always use the current and unified IFSC code for all your digital transfers.

What is an IFSC Code?

An IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code. It’s unique to each bank branch in India. Think of it as a specific digital address for a bank branch. This code is essential for all electronic fund transfers.

• The first four characters identify the bank. For Bihar Gramin Bank, because of its sponsorship by Punjab National Bank, these characters are PUNB.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain uniformity in the code structure.
• The last six characters uniquely identify the specific bank branch. For the BAKHTIYARPUR branch, these are MBGB06.

So, the full IFSC code, PUNB0MBGB06, tells the payment system that the funds are going to a Bihar Gramin Bank (sponsored by PNB) account at the BAKHTIYARPUR branch.

How to Use an IFSC Code

The IFSC code is a key piece of information when you want to transfer money electronically. Here’s how you’ll typically use it for different types of transactions:

For NEFT (National Electronic Funds Transfer):

1. Log in to your bank’s online banking portal or mobile app.
2. Navigate to the “Fund Transfer” or “NEFT” section.
3. Select “Add New Beneficiary” or choose an existing one.
4. Enter the beneficiary’s name, account number, account type, and the IFSC code (PUNB0MBGB06 for BAKHTIYARPUR branch).
5. Confirm the details and proceed with the transfer amount.

For RTGS (Real Time Gross Settlement):

1. Access your online banking or mobile app.
2. Go to the “RTGS” fund transfer option.
3. Provide the beneficiary’s name, account number, account type, and the correct IFSC code (PUNB0MBGB06).
4. Enter the amount you wish to transfer. RTGS is typically used for larger value transactions.
5. Review all details carefully before confirming the transfer.

For IMPS (Immediate Payment Service):

1. Open your mobile banking app or use UPI.
2. Choose the “IMPS” option for instant transfers.
3. You might be asked for the beneficiary’s Mobile Money Identifier (MMID) or their account number and IFSC code (PUNB0MBGB06).
4. Input the transfer amount.
5. Verify the beneficiary details and complete the transaction. IMPS allows for immediate credit to the beneficiary’s account.

Always double-check the IFSC code, account number, and beneficiary name to avoid any errors in the transfer.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, like PUNB0MBGB06 for Bihar Gramin Bank, BAKHTIYARPUR, offers several practical advantages:

• Facilitates Digital Transfers: It’s essential for all electronic fund transfers, making banking easier and faster.
• Ensures Accuracy: The unique code ensures your money goes to the exact intended bank and branch, reducing transfer errors.
• Speeds Up Transactions: Helps in quick processing of NEFT, RTGS, and IMPS payments.
• Secure Transactions: Adds a layer of security by accurately identifying the destination bank branch.
• Broad Access: Enables you to send and receive money from any bank in India that supports electronic transfers.

Contact Information

• Branch Phone Number: 7781004487
• Branch Address: BAKHTIYARPUR, Patna, 800001, 7781004487
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, BAKHTIYARPUR branch?
A1: The IFSC code for Bihar Gramin Bank, BAKHTIYARPUR branch, is PUNB0MBGB06.

Q2: Why does the IFSC code for Bihar Gramin Bank start with “PUNB”?
A2: Bihar Gramin Bank was formed by the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. It is sponsored by Punjab National Bank (PNB). Therefore, all its IFSC codes begin with “PUNB” to reflect this sponsorship.

Q3: Can I still use old IFSC codes from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) for transfers?
A3: No, old IFSC codes from UBGB or DBGB are no longer valid. You must use the new, unified IFSC code, such as PUNB0MBGB06, for all transactions to Bihar Gramin Bank accounts.

Q4: What types of transactions require an IFSC code?
A4: An IFSC code is required for all electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Q5: Is the MICR code also important for bank transactions?
A5: Yes, the MICR (Magnetic Ink Character Recognition) code is also important, primarily for processing physical cheques. While the IFSC code is for electronic transfers, the MICR code (800811002 for BAKHTIYARPUR) ensures quick and accurate processing of cheques.