Welcome! If you’re looking to transfer funds to or from the MAHULI branch of Bihar Gramin Bank in Patna, Bihar, you’ll need its Indian Financial System Code (IFSC). This unique 11-character code is essential for ensuring your money reaches the correct bank and branch without any issues. Whether you’re making a transfer via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the IFSC code acts as a crucial identifier, guaranteeing a smooth and secure transaction.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | MAHULI |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 6872 |
| Branch Address | MAHULI, Patna, 800009, 7485096872 |
| Contact Number | 7485096872 |
| City | Patna |
| District | Patna |
| Reason | PATNA |
| Pincode | 800009 |
| State | Bihar |
Merger Update
The MAHULI branch, originally associated with Bihar Gramin Bank, is now part of Madhya Bihar Gramin Bank. This new entity was formed through the merger of several Regional Rural Banks, including Bihar Gramin Bank. Madhya Bihar Gramin Bank is sponsored by Punjab National Bank, which is why its IFSC codes begin with ‘PUNB0’. The IFSC code PUNB0MBGB06 is the currently valid code for the MAHULI branch.
It is important to know that any previous IFSC codes used by Bihar Gramin Bank branches that are now under Madhya Bihar Gramin Bank have been revoked. For any financial transaction, only the code PUNB0MBGB06 is valid for this branch. Using an outdated IFSC code will lead to transaction failure.
What is an IFSC Code?
An IFSC code stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify all bank branches participating in online fund transfers within India. The Reserve Bank of India (RBI) assigns these unique codes to each branch.
The structure of an IFSC code is as follows:
- The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” signifies Punjab National Bank, the sponsoring bank.
- The fifth character is always a zero (0). This character is reserved for future use and remains constant across all IFSC codes.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” points to the MAHULI branch of Madhya Bihar Gramin Bank.
This standardized format helps ensure that every online transaction is directed to the exact bank and branch intended by the sender.
How to Use an IFSC Code
Using the IFSC code correctly is vital for seamless online fund transfers. Here’s how you typically use it for different transaction types:
- For NEFT (National Electronic Funds Transfer):
When you initiate an NEFT transfer through your bank’s online portal or mobile app, you will need to provide the recipient’s bank name, branch name, account number, and the correct IFSC code (PUNB0MBGB06 for MAHULI branch). NEFT transactions are processed in batches and usually clear within a few hours during banking hours.
- For RTGS (Real-Time Gross Settlement):
RTGS is used for high-value transactions, typically for amounts of 2 lakh rupees and above. Similar to NEFT, you’ll need the recipient’s bank name, branch name, account number, and the IFSC code (PUNB0MBGB06). RTGS transactions are processed individually and in real-time, meaning the funds are transferred almost instantly.
- For IMPS (Immediate Payment Service):
IMPS allows for instant, 24/7 fund transfers, even on holidays. When using IMPS via mobile banking or internet banking, you’ll generally need the recipient’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code (PUNB0MBGB06). It’s a quick and convenient way to send money anytime.
Always double-check the IFSC code, account number, and recipient name before confirming any transfer to avoid delays or misdirection of funds.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for the MAHULI branch offers several important benefits:
- Ensures Accuracy: It directs your funds to the exact bank branch, minimizing errors and failed transactions.
- Facilitates Online Transfers: It is mandatory for NEFT, RTGS, and IMPS, making digital banking possible.
- Speeds Up Transactions: Correct information, including the IFSC, helps process transfers quickly, especially for RTGS and IMPS.
- Security: The unique code helps prevent fraud by ensuring funds reach verified bank branches.
- Saves Time: Avoids the need for physical visits to the bank for fund transfers, letting you manage your money from home.
Contact Information
For inquiries related to the MAHULI branch or Madhya Bihar Gramin Bank:
- MAHULI Branch Phone Number: 7485096872
- MAHULI Branch Address: MAHULI, Patna, 800009, Bihar
- Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number (Punjab National Bank, Sponsor Bank): 18001807777
Frequently Asked Questions
Here are some common questions about IFSC codes and the MAHULI branch:
Q1: Is the IFSC code PUNB0MBGB06 valid for all transactions to the MAHULI branch?
A: Yes, PUNB0MBGB06 is the currently valid and correct IFSC code for all online fund transfers (NEFT, RTGS, IMPS) to the Madhya Bihar Gramin Bank, MAHULI branch.
Q2: What happens if I use an old or incorrect IFSC code?
A: If you use an old or incorrect IFSC code, your transaction will likely fail. The funds might be returned to your account after a delay, or in rare cases, they could be misdirected if the incorrect code belongs to another active branch. Always verify the code before making a transfer.
Q3: Can I find the IFSC code on my passbook or chequebook?
A: Yes, the IFSC code is usually printed on the first page of your bank passbook and on individual cheque leaves. It’s a reliable place to confirm the code for your branch.
Q4: Why does the IFSC code for Bihar Gramin Bank MAHULI start with PUNB0?
A: The “PUNB0” prefix indicates that Madhya Bihar Gramin Bank, which now includes branches previously under Bihar Gramin Bank, is sponsored by Punjab National Bank. The first four characters of an IFSC code always represent the sponsoring bank.
Q5: What is the difference between IFSC and MICR codes?
A: Both are identification codes, but they serve different purposes. The IFSC code (11 alphanumeric characters) is used for online fund transfers like NEFT, RTGS, and IMPS. The MICR code (9-digit numeric) is primarily used for clearing cheques and is readable by magnetic ink character recognition technology.
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.