Bihar Gramin Bank LAKHNA BAZAR IFSC Code

The LAKHNA BAZAR branch of Bihar Gramin Bank is an important financial hub in Patna, Bihar. This branch serves the local community by providing essential banking services. For any digital money transfer, like sending funds to family or paying bills, knowing the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC ensures your money goes to the correct bank and branch quickly and securely, whether you’re using NEFT, RTGS, or IMPS.

Branch Details

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	LAKHNA BAZAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7482
Branch Address	LAKHNA BAZAR, Patna, 804453, 7781004482
Contact Number	7781004482
City	Patna
District	Patna
Reason	PATNA
Pincode	804453
State	Bihar

Merger Update

The LAKHNA BAZAR branch, part of the Bihar Gramin Bank network, now uses the IFSC code PUNB0MBGB06. This code is specifically assigned to Madhya Bihar Gramin Bank, a Regional Rural Bank (RRB) sponsored by Punjab National Bank.

Historically, various Gramin Banks in Bihar underwent consolidation. For instance, Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB) were part of these restructuring efforts. These banks have merged or been integrated to streamline operations under the sponsorship of Punjab National Bank. As a result, PUNB0MBGB06 now serves as the unified IFSC for many branches under this structure, including LAKHNA BAZAR.

It’s crucial to understand that any older IFSC codes previously associated with entities like UBGB or DBGB are no longer valid for current transactions. For the LAKHNA BAZAR branch, only PUNB0MBGB06 should be used for all digital fund transfers to ensure your transactions are successful.

What is an IFSC Code?

The IFSC, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in online money transfers.

The code follows a specific structure:

• The first four characters represent the bank name. For example, PUNB stands for Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. For the LAKHNA BAZAR branch, these are MBGB06.

So, for PUNB0MBGB06, you can see how it clearly points to a branch of the Madhya Bihar Gramin Bank sponsored by Punjab National Bank.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re making digital fund transfers. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log In to Your Bank’s Online Banking or Mobile App: Access your internet banking portal or mobile banking application.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary Details: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This involves providing:
   • The beneficiary’s name.
   • Their bank account number.
   • The beneficiary bank’s name (Bihar Gramin Bank / Madhya Bihar Gramin Bank).
   • The specific branch name (LAKHNA BAZAR).
   • The crucial 11-character IFSC code: PUNB0MBGB06.
4. Confirm and Transact: After adding the beneficiary and their details, you can then select them, enter the amount you wish to transfer, and confirm the transaction.

Always double-check the IFSC code and account number before confirming any transfer to avoid errors.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code provides several advantages:

• Accurate Fund Transfers: It guarantees that your money reaches the intended recipient’s bank account and specific branch.
• Facilitates Online Transactions: Essential for using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) for inter-bank transfers.
• Saves Time: Prevents delays and rejections that can happen due to incorrect banking details.
• Enhances Security: The unique code adds an extra layer of verification, making your digital transactions more secure.
• Easy Bill Payments: Many online bill payment services and merchant transactions require an IFSC for direct bank transfers.

Contact Information

• Branch Phone Number: 7781004482
• Branch Address: LAKHNA BAZAR, Patna, 804453, Bihar
• 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 LAKHNA BAZAR branch?
A1: The IFSC code for the Bihar Gramin Bank LAKHNA BAZAR branch is PUNB0MBGB06.

Q2: Is the LAKHNA BAZAR branch part of a merger?
A2: Yes, the LAKHNA BAZAR branch, like many Gramin Bank branches in Bihar, now operates under the consolidated structure of Madhya Bihar Gramin Bank, sponsored by Punjab National Bank. Any older IFSC codes from previous entities like UBGB or DBGB are no longer valid for this branch.

Q3: What services can I access using this IFSC code?
A3: You can use this IFSC code for all inter-bank digital fund transfers, including NEFT, RTGS, and IMPS, as well as for receiving payments or direct debits to your account.

Q4: What if I use an old IFSC code for a transaction?
A4: If you use an outdated or incorrect IFSC code, your transaction will likely be rejected or delayed. It’s crucial to always use the current and correct IFSC code, which is PUNB0MBGB06 for the LAKHNA BAZAR branch.

Q5: How can I confirm the IFSC code for this branch?
A5: You can confirm the IFSC code by checking your bank passbook, your chequebook, or by visiting the official website of Madhya Bihar Gramin Bank or Punjab National Bank. You can also contact the branch directly using the provided contact number.