Bihar Gramin Bank Parsanda IFSC Code

Bihar Gramin Bank, Parsanda branch is located in Parsanda village, Jamui district, Bihar (PIN 811312). This branch serves local residents and businesses in Jamui and nearby areas. For online fund transfers using NEFT, RTGS or IMPS, the correct IFSC code is essential. The IFSC identifies the bank and the exact branch so funds route quickly and safely. Using the wrong IFSC can delay payments or cause returns, so confirm the code before initiating transfers.

Branch Details

Merger Update

Both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged into a single banking structure under Punjab National Bank. After the consolidation, this Parsanda branch uses the unified IFSC code PUNB0MBGB06 for all electronic transfers. Old IFSC codes assigned to UBGB (and any legacy DBGB codes) have been revoked and are no longer valid for transactions. Always use the new IFSC PUNB0MBGB06 when adding beneficiaries or initiating transfers to this branch.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches for electronic fund transfers in India. Structure:

• First 4 characters – alphabetic bank code. Example: PUNB = Punjab National Bank.
• 5th character – always 0 (reserved for future use).
• Last 6 characters – branch identifier. These can be letters and/or numbers (for example, MBGB06 in PUNB0MBGB06).

So in PUNB0MBGB06, PUNB is the bank, 0 is the reserved digit, and MBGB06 maps to the Parsanda branch code.

How to Use IFSC Code for NEFT, RTGS, IMPS

• Step 1 — Verify details: Confirm beneficiary name, account number, bank name and IFSC (PUNB0MBGB06) from a bank statement or by calling the branch at 8102918613.
• Step 2 — Add beneficiary: In your netbanking or mobile app, go to “Add Beneficiary” (or “Add Payee”). Enter beneficiary name, account number, and IFSC exactly as provided. Select bank/branch if required.
• Step 3 — Choose transfer type: Select NEFT for regular transfers, RTGS for high-value transfers (check your bank’s RTGS minimum), or IMPS for instant, smaller-value transfers. IMPS is usually instant and available 24×7; NEFT and RTGS availability may vary by bank but are generally continuous now.
• Step 4 — Enter amount and confirm: Enter amount, purpose and any remarks. Verify the IFSC and account number before confirming. Banks show the beneficiary name for you to cross-check.
• Step 5 — Note the transaction reference: Save the UTR or reference number. Use it to track or dispute the transfer if needed.

Benefits of Knowing the IFSC Code

• Ensures funds reach the exact branch and account without manual routing.
• Required for adding beneficiaries in netbanking, mobile apps and UPI where applicable.
• Reduces transfer errors and return charges caused by incorrect branch identification.
• Needed for reconciliation of inward and outward electronic payments for businesses.
• Helps customer support identify the correct branch quickly when you report an issue.

Contact

Branch Phone: 8102918613
Branch Address: Parsanda, Jamui, 811312
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free: 18001807777

FAQs

• Q: How do I confirm PUNB0MBGB06 is correct for Parsanda branch?
  A: Confirm by checking the branch passbook, a bank statement, official bank SMS/email, or call the branch at 8102918613. After mergers, use the unified IFSC printed on official communication.
• Q: What happens if I enter the wrong IFSC?
  A: If the IFSC points to a different branch, the transfer may reach another branch account or be returned. If the IFSC is invalid, the transaction will usually fail. Always verify both IFSC and account number.
• Q: Can IFSC change after a merger?
  A: Yes. When banks merge, old branch IFSCs can be replaced by a new consolidated IFSC. For this branch, the valid code after consolidation is PUNB0MBGB06; legacy UBGB codes are revoked.
• Q: Is IFSC the same as MICR?
  A: No. IFSC routes electronic transfers. MICR (Magnetic Ink Character Recognition) helps process physical cheques and is a 9-digit numeric code (here 800811002).
• Q: Do I need IFSC for UPI transfers?
  A: UPI uses Virtual Payment Addresses and typically does not require IFSC from the sender. However, for bank account-based transfers or beneficiary setup in netbanking, IFSC is required.

Kriti Kumari

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.