Bihar Gramin Bank BARDIHA IFSC Code

Welcome to BARDIHA, a vibrant locality in the Patna district of Bihar. When you need to send or receive money electronically, understanding your bank’s IFSC code is essential. This unique 11-character code is crucial for all online fund transfers, including NEFT, RTGS, and IMPS transactions, ensuring your money reaches the correct bank and branch without delays.

Branch Details

Here are the key details for the BARDIHA branch of Bihar Gramin Bank:

Bank Name	Bihar Gramin Bank
Branch Name	BARDIHA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7310
Branch Address	BARDIHA, Patna, 804451
Contact Number	9771464310
City	Patna
District	Patna
Pincode	804451
State	Bihar

Merger Update for Regional Rural Banks

Understanding the current IFSC code, PUNB0MBGB06, involves knowing about recent bank mergers in Bihar. Previously, regional rural banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated independently. These two banks have officially merged. They now function under a unified entity known as Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank.

This means that any branches that previously belonged to UBGB or DBGB now use the new IFSC codes assigned to Madhya Bihar Gramin Bank. The old IFSC codes for UBGB and DBGB have been revoked and are no longer valid for transactions. Therefore, for this BARDIHA branch and all other branches under the merged entity, only the new IFSC code, PUNB0MBGB06, is valid for all electronic fund transfers. Using an old or incorrect IFSC code will result in transaction failure.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is a unique 11-character alphanumeric code. The Reserve Bank of India (RBI) assigns these codes to identify each bank branch participating in online fund transfers. Knowing the IFSC code is crucial for all digital banking services like NEFT, RTGS, and IMPS.

The 11 characters of an IFSC code follow a specific structure:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the BARDIHA branch.

This detailed structure ensures that every branch has a distinct code, helping to prevent errors in money transfers.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are initiating an online money transfer. Here’s how it works for common transaction types:

For NEFT (National Electronic Funds Transfer) and RTGS (Real-Time Gross Settlement):

1. Log in to your internet banking portal or mobile banking app.
2. Go to the “Fund Transfer” or “Payments” section.
3. Select “Add Beneficiary” if you’re sending money to this person or entity for the first time.
4. Enter the beneficiary’s details:
• Beneficiary’s Name
• Beneficiary’s Account Number (confirm twice)
• Account Type (Savings, Current, etc.)
• The IFSC Code: PUNB0MBGB06
5. Once the beneficiary is added, select them from your list.
6. Enter the amount you wish to transfer.
7. Choose NEFT or RTGS. NEFT processes transactions in batches, while RTGS is for larger amounts (usually Rs. 2 lakh and above) and processes transfers in real time.
8. Confirm the transaction with your password or PIN.

For IMPS (Immediate Payment Service):

1. Log in to your mobile banking app.
2. Select the “IMPS” option.
3. You will typically need either the beneficiary’s Account Number and IFSC Code (PUNB0MBGB06) or their Mobile Number and MMID (Mobile Money Identifier).
4. Enter the transfer amount.
5. Confirm the transaction. IMPS offers instant fund transfers, 24/7.

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

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several important benefits:

• Accurate Fund Transfers: It ensures your money goes to the correct bank and branch, minimizing the risk of funds being sent to the wrong account.
• Enables Digital Transactions: The IFSC code is mandatory for all major electronic payment systems like NEFT, RTGS, and IMPS, allowing for quick and efficient money transfers.
• Saves Time: With the correct IFSC, transactions are processed smoothly, avoiding delays or rejections that can occur with incorrect details.
• Reduces Errors: The unique nature of the 11-character code helps to precisely identify the recipient’s bank branch, reducing manual processing errors.
• Convenience: It allows you to perform banking operations from anywhere, anytime, without needing to visit a physical bank branch for transfers.

Contact Information

For any inquiries related to the BARDIHA branch or other services, you can use the following contact details:

BARDIHA Branch Phone Number: 9771464310

BARDIHA Branch Address: BARDIHA, Patna, 804451

Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number (Punjab National Bank customer care, for queries related to sponsored RRBs): 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all branches of Madhya Bihar Gramin Bank?

A1: No, this specific IFSC code, PUNB0MBGB06, is unique to the BARDIHA branch. While other branches of Madhya Bihar Gramin Bank will also have IFSC codes starting with “PUNB0MBGB”, the last six characters will differ for each branch.

Q2: What happens if I use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?

A2: If you use an old IFSC code, your transaction will fail. These old codes have been revoked following the merger of UBGB and DBGB into Madhya Bihar Gramin Bank. Always use the current and correct IFSC code, such as PUNB0MBGB06, for your transfers.

Q3: What is the main difference between NEFT and RTGS?

A3: NEFT (National Electronic Funds Transfer) processes transactions in batches throughout the day. RTGS (Real-Time Gross Settlement) processes transactions individually and in real time. RTGS is typically used for larger amounts (Rs. 2 lakh and above), offering immediate settlement.

Q4: How can I find the IFSC code for a different branch of Madhya Bihar Gramin Bank?

A4: You can find IFSC codes on the bank’s official website, your bank passbook, or by using online IFSC code lookup tools. Ensure you have the correct bank name, district, and branch name for an accurate search.

Q5: Can I transfer money without an IFSC code?

A5: No, for electronic fund transfers like NEFT, RTGS, and IMPS, the IFSC code is a mandatory requirement. It acts as a unique identifier for the recipient’s bank branch, ensuring the funds are directed correctly.