Bihar Gramin Bank JETHULI IFSC Code

When you need to send or receive money electronically in India, particularly to or from the Bihar Gramin Bank JETHULI branch located in Patna, Bihar, a specific code is essential. This code, known as the IFSC code, acts like a unique digital address for the branch. It ensures that funds transferred through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) reach the correct bank and specific branch without error, making your transactions secure and efficient.

Branch Details: Bihar Gramin Bank JETHULI

Bank Name	Bihar Gramin Bank
Branch Name	JETHULI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7316
Branch Address	JETHULI, Patna, 803201
Contact Number	9771464316
City	Patna
District	Patna
Reason	PATNA
Pincode	803201
State	Bihar

Important Merger Update for Bihar Gramin Bank

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. Over the years, several such banks in Bihar have undergone mergers to streamline operations and offer better services. For instance, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), along with others, have been part of these restructuring efforts, eventually leading to the formation of entities like Bihar Gramin Bank.

It is crucial to understand that the current IFSC code for Bihar Gramin Bank branches, including JETHULI, is structured under its sponsor bank, Punjab National Bank (PNB). The IFSC code for JETHULI branch is PUNB0MBGB06. The initial “PUNB” signifies Punjab National Bank’s sponsorship, and “MBGB” typically refers to Madhya Bihar Gramin Bank, which is now part of the larger Bihar Gramin Bank entity. This means that any older IFSC codes associated with predecessor banks like UBGB or DBGB are no longer valid for transactions. Always use the current and official IFSC code, PUNB0MBGB06, for all your digital fund transfers to or from the Bihar Gramin Bank JETHULI branch.

Understanding the IFSC Code

IFSC stands for *Indian Financial System Code*. It’s a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in online money transfers. Think of it as a specific address for each branch in the digital banking world.

Here’s how the 11 characters are structured:

• The first four characters represent the bank’s name. For Bihar Gramin Bank (sponsored by Punjab National Bank), this is “PUNB”.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use by the RBI.
• The last six characters uniquely identify the specific bank branch. For the JETHULI branch, these characters are “MBGB06”.

So, *PUNB0MBGB06* clearly identifies the Bihar Gramin Bank JETHULI branch for any electronic transaction.

How to Use the IFSC Code for Fund Transfers

The IFSC code is a mandatory detail for setting up various electronic fund transfers. Here’s how you use it:

• NEFT (National Electronic Funds Transfer): This system allows you to transfer money from one bank account to another across India. When initiating an NEFT transaction, whether online or at a bank branch, you will need to provide the recipient’s bank name, account number, and their branch’s IFSC code (e.g., PUNB0MBGB06 for JETHULI). Funds are processed in batches throughout the day.
• RTGS (Real Time Gross Settlement): RTGS is designed for high-value transactions (typically Rs. 2 lakh and above). Like NEFT, it requires the recipient’s bank name, account number, and the correct IFSC code. The main difference is that RTGS transactions are processed individually and immediately, providing real-time settlement of funds.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 interbank electronic fund transfer through mobile phones and internet banking. While IMPS sometimes uses MMID (Mobile Money Identifier) for mobile-to-mobile transfers, if you’re transferring using account number and IFSC, you’ll need the correct IFSC code. This ensures the money reaches the destination account within seconds.

Always double-check the IFSC code before confirming a transaction to avoid any delays or misdirection of funds.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for a bank branch offers several advantages:

• Accurate Transfers: It ensures that your funds are directed to the exact bank and branch, minimizing the risk of errors.
• Enhanced Security: The unique identification helps prevent fraudulent activities by linking transactions to specific, verified branches.
• Faster Processing: With the correct IFSC, electronic transfer systems can process your transactions quickly and efficiently.
• Convenience: It is essential for using online banking, mobile banking apps, and UPI (Unified Payments Interface) for seamless money transfers.
• Regulatory Compliance: The Reserve Bank of India mandates the use of IFSC codes for all electronic fund transfers, making it a critical part of the banking system.

Contact Information

Should you need to reach the bank directly, here are the contact details:

• Bihar Gramin Bank JETHULI Branch Phone Number: 9771464316
• Bihar Gramin Bank JETHULI Branch Address: JETHULI, Patna, 803201, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

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

Q2: Is the IFSC code same for all branches of Bihar Gramin Bank?
A2: No, the first four characters (PUNB) and the fifth character (0) are common for all Bihar Gramin Bank branches under Punjab National Bank’s sponsorship. However, the last six characters are unique to each individual branch, meaning every branch has its own distinct IFSC code.

Q3: What happens if I use an incorrect IFSC code during a transaction?
A3: If you use an incorrect IFSC code, your transaction will likely fail. The system will not be able to identify the correct destination branch, and the funds will not be transferred. In some cases, if the incorrect code belongs to another valid branch, the funds might be transferred to the wrong account, which can be difficult to recover.

Q4: Can I find the IFSC code offline?
A4: Yes, you can usually find the IFSC code printed on your bank passbook or checkbook. Alternatively, you can visit your nearest branch or call the bank’s customer service number. Online, reliable banking websites often provide IFSC lookup tools.

Q5: Why is the 5th digit of the IFSC code always ‘0’?
A5: The fifth character of the IFSC code is a ‘0’ (zero) as per the Reserve Bank of India’s mandate. It is kept as a control character, reserved for future use or internal bank system requirements, ensuring uniformity across all IFSC codes.

Q6: Is Bihar Gramin Bank sponsored by Punjab National Bank?
A6: Yes, Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. This is reflected in its IFSC code, where the first four characters “PUNB” represent Punjab National Bank.