Bihar Gramin Bank RUKUNPURA IFSC Code

The Bihar Gramin Bank branch in RUKUNPURA, located in Patna, Bihar, is an important local financial hub. When you need to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code acts like a unique digital address for bank branches, ensuring that funds transferred through systems like NEFT, RTGS, and IMPS reach the correct destination quickly and securely.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	RUKUNPURA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7322
Branch Address	RUKUNPURA, Patna, 803216, 9771464322
Contact Number	9771464322
City	Patna
District	Patna
Reason	PATNA
Pincode	803216
State	Bihar

Merger Update

The RUKUNPURA branch was originally part of Bihar Gramin Bank. Over time, regional rural banks in Bihar underwent a series of mergers. Bihar Gramin Bank, along with Kosi Kshetriya Gramin Bank, merged to form Madhya Bihar Gramin Bank. Later, Madhya Bihar Gramin Bank and Uttar Bihar Gramin Bank, both sponsored by Punjab National Bank, unified their operations. This means that the RUKUNPURA branch now operates under the umbrella of Madhya Bihar Gramin Bank, with Punjab National Bank as its sponsor.

Due to these mergers and reorganizations, all previous IFSC codes for Bihar Gramin Bank branches, including the RUKUNPURA branch, have been revoked. It is very important to note that only the new, unified IFSC code, PUNB0MBGB06, is valid for all financial transactions. Using an old or incorrect IFSC code will lead to transaction failures or delays. Always use PUNB0MBGB06 for any transfers to or from the RUKUNPURA branch.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify each bank branch participating in electronic funds transfer systems. Think of it as a unique address for a specific bank branch.

The IFSC code has a specific structure:

• The first four characters represent the bank’s name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters represent the specific branch code. For PUNB0MBGB06, “MBGB06” identifies the Madhya Bihar Gramin Bank branch at RUKUNPURA.

This unique code ensures that your money goes to the exact branch you intend, preventing errors in electronic transfers.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you are making electronic fund transfers. Here’s a general guide for NEFT, RTGS, and IMPS transactions:

1. Log in to Your Banking Account: Access your net banking portal or mobile banking application.
2. Add a Beneficiary: Before sending money to someone for the first time, you need to add them as a beneficiary. You will typically need the following details:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Beneficiary’s Account Type (Savings, Current, etc.)
   • The correct IFSC Code for their bank branch (in this case, PUNB0MBGB06 for RUKUNPURA branch)

   The IFSC code helps your bank identify the exact destination bank and branch.

3. Select Transfer Type: Choose the type of fund transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): This system processes transfers in batches at specific times.
   • RTGS (Real Time Gross Settlement): This is for large-value transactions and processes transfers individually and continuously, in “real time.”
   • IMPS (Immediate Payment Service): This allows instant, 24/7 fund transfers, even on holidays.
4. Enter Amount: Input the amount of money you wish to transfer.
5. Review and Confirm: Double-check all the details, especially the account number and IFSC code, to ensure accuracy. Confirm the transaction using your banking password or PIN.

Once confirmed, the funds will be transferred to the beneficiary’s account. The IFSC code is critical at the beneficiary addition stage to ensure the funds are routed correctly.

Benefits of Knowing IFSC Code

Knowing the correct IFSC code for your bank branch, or the branch of your recipient, offers several important benefits:

• Ensures Accurate Transfers: The IFSC code guarantees that your electronic fund transfer reaches the specific bank and branch you intended, preventing misdirection of funds.
• Facilitates Online Transactions: It is mandatory for all major online fund transfer methods, including NEFT, RTGS, and IMPS, making digital banking possible.
• Speeds Up Processes: By providing a unique identifier, the IFSC code helps banking systems quickly route and process transactions, leading to faster fund delivery.
• Reduces Errors: Using the correct IFSC code significantly lowers the chances of transaction failures or delays that could occur due to incorrect bank or branch identification.
• Simplifies Beneficiary Addition: When adding a new recipient for payments, the IFSC code is a key piece of information that simplifies and secures the process.

Contact Section

If you need to contact the RUKUNPURA branch of Madhya Bihar Gramin Bank (formerly Bihar Gramin Bank) or their head office, here are the details:

• Branch Phone Number: 9771464322
• Branch Address: RUKUNPURA, Patna, 803216, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the IFSC code for the RUKUNPURA branch:

Q1: What is the IFSC code for Bihar Gramin Bank, RUKUNPURA branch?
A1: The current and valid IFSC code for the RUKUNPURA branch is PUNB0MBGB06.

Q2: Is PUNB0MBGB06 still valid for a branch that was originally Bihar Gramin Bank?
A2: Yes, it is. Following the mergers where Bihar Gramin Bank became part of Madhya Bihar Gramin Bank, and subsequent unification under Punjab National Bank’s sponsorship, PUNB0MBGB06 is the correct and only valid IFSC code for this branch. All old IFSC codes are no longer in use.

Q3: What are NEFT, RTGS, and IMPS, and how does the IFSC code relate to them?
A3: NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) are electronic fund transfer systems. The IFSC code is mandatory for all three. It acts as the unique identifier for the recipient’s bank branch, ensuring the funds are routed correctly through these systems to the intended destination.

Q4: What happens if I use an old or incorrect IFSC code for a transaction?
A4: If you use an old or incorrect IFSC code, your transaction will likely fail. The banking system will not be able to identify the correct destination branch, and the funds will either be returned to your account or the transaction will be declined. It is crucial to always use the valid and up-to-date IFSC code, PUNB0MBGB06, for the RUKUNPURA branch.

Q5: How can I find the IFSC code for other branches of Madhya Bihar Gramin Bank or other banks?
A5: You can usually find IFSC codes on the respective bank’s official website, on your bank passbook or cheque book. The Reserve Bank of India (RBI) website also provides a comprehensive list of IFSC codes for all bank branches in India.