Bihar Gramin Bank Barhaharakothi IFSC Code

When you need to send or receive money electronically, especially to a branch like the Bihar Gramin Bank in Barhaharakothi, Purnia, Bihar, a specific code is essential. This code is called the IFSC (Indian Financial System Code). It acts like a unique digital address for each bank branch in India. Whether you are using NEFT, RTGS, or IMPS for your fund transfers, knowing the correct IFSC code ensures your money reaches the right account without any issues.

Branch Details

Here are the important details for the Bihar Gramin Bank, Barhaharakothi branch:

Bank Name	Bihar Gramin Bank
Branch Name	Barhaharakothi
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100690
Branch Address	Barhaharakothi, PURNIA, 854203, 9297954124
Contact Number	9297954124
City	PURNIA
District	PURNIA
Reason	PURNEA
Pincode	854203
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). After this merger, all branches of the newly formed Bihar Gramin Bank now operate under a single, unified IFSC code: PUNB0MBGB06.

This new IFSC code is sponsored by Punjab National Bank (PNB). It is very important to understand that any old IFSC codes previously used for branches under UBGB or DBGB are no longer valid for transactions. To ensure your fund transfers are processed correctly, you must only use PUNB0MBGB06 for all transactions involving Bihar Gramin Bank branches, including Barhaharakothi.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code. It identifies every bank branch in India that participates in electronic fund transfers. Each part of the code tells you something specific:

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters identify the specific bank branch. For the Barhaharakothi branch, these characters are “MBGB06”.

So, PUNB0MBGB06 clearly identifies the Barhaharakothi branch of Bihar Gramin Bank, sponsored by Punjab National Bank.

How to Use the IFSC Code

You will need the IFSC code when initiating various electronic fund transfers. Here’s how it generally works for common payment systems:

• NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches. When you set up a new beneficiary for NEFT, your bank will ask for the beneficiary’s account number, account holder’s name, and the correct IFSC code (PUNB0MBGB06 for Barhaharakothi). The money typically arrives within a few hours during banking hours.
• RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, usually above Rs. 2 lakh. Funds are transferred individually and in real-time. Similar to NEFT, you will provide the beneficiary’s account details and the IFSC code (PUNB0MBGB06). The transfer is instant and final.
• IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking or internet banking. You will input the beneficiary’s account number and IFSC code (PUNB0MBGB06), or sometimes just their mobile number and MMID (Mobile Money Identifier). The funds are credited to the recipient’s account immediately.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transaction. A small error can lead to delays or money being sent to the wrong account.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several advantages for financial transactions:

• It ensures your money is sent to the precise bank branch you intend, preventing misdirection of funds.
• It is mandatory for initiating NEFT, RTGS, and IMPS transactions, enabling fast and secure electronic transfers.
• It simplifies the process of receiving money from others, as you can easily provide them with all necessary details.
• It helps in verifying the authenticity of a bank branch during online transactions or when setting up new payees.
• It speeds up payment processing by eliminating the need for physical checks or cash, reducing transaction time.

Contact Information

For any inquiries or assistance related to Bihar Gramin Bank, Barhaharakothi branch, you can use the following contact details:

• Branch Phone Number: 9297954124
• Branch Address: Barhaharakothi, PURNIA, 854203
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (for general inquiries): 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, while the first four characters and the fifth character (PUNB0) are common, the last six characters are unique to each branch. For Barhaharakothi, it is PUNB0MBGB06. Always verify the specific branch’s IFSC code.

Q2: What happens if I use an incorrect IFSC code?
A2: If you use an incorrect IFSC code, your transaction will likely fail and be returned to your account. In some rare cases, if the incorrect IFSC code corresponds to an actual valid branch and account number, your money might be sent to the wrong recipient. Always double-check before confirming.

Q3: Can I find the IFSC code on my passbook or cheque book?
A3: Yes, the IFSC code is usually printed on the first page of your bank passbook. It is also found on leaves of your cheque book, usually near the bank name or alongside the MICR code.

Q4: Is the IFSC code required for international money transfers?
A4: No, for international money transfers, you typically need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as a BIC (Bank Identifier Code). IFSC codes are for transactions within India only.

Q5: How is the IFSC code different from the MICR code?
A5: The IFSC code (Indian Financial System Code) is an 11-character code used for online electronic fund transfers (NEFT, RTGS, IMPS). The MICR code (Magnetic Ink Character Recognition) is a 9-digit code found on cheque leaves. It is primarily used for processing physical cheques and identifying the bank and branch. For the Barhaharakothi branch, the MICR code is 800811002.