The Bihar Gramin Bank branch located in BIRANCHI, Patna, Bihar, is a crucial point for banking services in the area. For any digital fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service), knowing the correct IFSC (Indian Financial System Code) is absolutely essential. This unique code acts like a digital address, ensuring that your money reaches the right bank and branch without any issues.
Branch Details Table
| Bank Name | Bihar Gramin Bank |
| Branch Name | BIRANCHI |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7508 |
| Branch Address | BIRANCHI, Patna, 804452, 7541807508 |
| Contact Number | 7541807508 |
| City | Patna |
| District | Patna |
| Reason | PATNA |
| Pincode | 804452 |
| State | Bihar |
Merger Update
The Bihar Gramin Bank, BIRANCHI branch, is part of a larger network of Regional Rural Banks (RRBs) sponsored by Punjab National Bank (PNB). Specifically, the IFSC code PUNB0MBGB06 indicates its association with Madhya Bihar Gramin Bank, which is one such RRB under PNB’s sponsorship.
Historically, various regional rural banks in Bihar have undergone significant mergers and reorganizations. For example, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged and now operate under a unified structure, often leveraging a common IFSC code format sponsored by Punjab National Bank for electronic transactions. If a branch you are dealing with was previously part of UBGB or DBGB, it is crucial to understand that their old, individual IFSC codes have been revoked. For any fund transfers, you must now use the new, unified IFSC code, such as PUNB0MBGB06, which reflects the current banking structure under Punjab National Bank’s guidance. Using an outdated IFSC code will result in your transaction failing.
What is IFSC Code?
The Indian Financial System Code, or IFSC, is a unique 11-character alphanumeric code. It identifies every bank branch participating in electronic funds transfers in India. Think of it as a specific address for a bank branch in the digital world. This code helps the banking system direct your money to the exact intended recipient.
The 11 characters of an IFSC code are structured in a particular way:
- The first four characters represent the bank’s name. For instance, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
- The fifth character is always a ‘0’ (zero). This character is reserved for future use and currently serves as a control digit.
- The last six characters uniquely identify the specific bank branch. In our example, “MBGB06” points to the particular Madhya Bihar Gramin Bank branch.
How to Use IFSC Code
You will need the IFSC code whenever you want to transfer money electronically using NEFT, RTGS, or IMPS. Here’s a general guide:
- For NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches. To use it, you log into your net banking account or visit your bank. You add the beneficiary by providing their account number, account holder’s name, and the correct IFSC code for their branch. Once added, you can initiate the transfer. NEFT is suitable for transfers of any amount, but it processes them at specific intervals.
- For RTGS (Real-Time Gross Settlement): RTGS is designed for large value transactions, typically Rs. 2 lakh and above. The transfers are processed individually and in real-time, meaning the money moves almost instantly. Similar to NEFT, you add the beneficiary using their account details and IFSC code before initiating the high-value transfer.
- For IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. It’s available through mobile banking, internet banking, or ATM. You need the beneficiary’s account number and IFSC code (or mobile number and MMID in some cases) to send money instantly. IMPS is popular for smaller, urgent transfers.
In all these methods, if the IFSC code you enter is incorrect, your transaction will likely fail or get delayed, and the funds may be returned to your account after some time.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for your bank branch, and for anyone you send money to, offers several advantages:
- Accurate Fund Transfers: Ensures your money goes to the correct recipient bank branch without errors.
- Faster Processing: Correct details, including IFSC, help speed up the processing of electronic transactions.
- Avoid Transaction Failures: An incorrect IFSC is a common reason for failed NEFT, RTGS, or IMPS transactions, causing delays and inconvenience.
- Secure Transactions: It adds a layer of security by uniquely identifying the destination branch, reducing the risk of funds going to the wrong place.
- Convenience: Once you have the correct IFSC, you can easily set up beneficiaries for recurring payments through net banking or mobile apps.
Contact Section
For inquiries related to the Bihar Gramin Bank, BIRANCHI branch, or for general assistance, you can use the following contact details:
- Branch Phone Number: 7541807508
- Branch Address: BIRANCHI, Patna, 804452, 7541807508
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
FAQs
1. Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
No, the IFSC code PUNB0MBGB06 is specific to the BIRANCHI branch of Madhya Bihar Gramin Bank, which the Bihar Gramin Bank title refers to in this context. Each branch of Madhya Bihar Gramin Bank, or any other bank, has its own unique IFSC code. Always confirm the specific IFSC for the branch you intend to transact with.
2. What should I do if my electronic fund transfer fails due to an incorrect IFSC code?
If your transaction fails because of an incorrect IFSC code, the funds are usually reversed and credited back to your account within a few hours or up to 2-3 working days, depending on the bank and the transfer system. You should then re-initiate the transfer with the correct IFSC code after verifying it.
3. Can I find the IFSC code on my passbook or cheque book?
Yes, most bank passbooks and cheque books clearly print the IFSC code for that specific branch. It is typically found on the first page of your passbook or on the leaves of your cheque book. This is one of the most reliable ways to find the correct IFSC.
4. Is the MICR code the same as the IFSC code?
No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit code used primarily for processing paper-based cheque payments. It helps to identify the bank and branch. While both are used for financial transactions, they serve different purposes and have different structures.
5. Why did old UBGB or DBGB IFSC codes become invalid?
Regional Rural Banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have undergone mergers and structural changes as part of a consolidation effort by the government and sponsoring banks like Punjab National Bank. To streamline operations and create a unified banking experience, new IFSC codes were issued. The old codes were then revoked to ensure all electronic transactions use the updated system, improving efficiency and accuracy.
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.