Bihar Gramin Bank Budhia IFSC Code

The Budhia branch of Bihar Gramin Bank is located in Purnia district, Bihar. When you need to transfer money digitally, whether it’s for paying bills, sending money to family, or making online purchases, an IFSC code is essential. This unique code helps ensure your funds go to the correct bank and branch, making transactions through NEFT, RTGS, and IMPS safe and efficient.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Budhia
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100745
Branch Address	Budhia, PURNIA, 854306
Contact Number	7479629381
City	PURNIA
District	PURNIA
Pincode	854306
State	Bihar

Important Merger Update

For Bihar Gramin Bank, specifically for branches like Budhia, it’s important to understand a significant change that has taken place with regional rural banks in Bihar. Previously, banks such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated as separate entities. These banks have since merged. The consolidated entity, which is sponsored by Punjab National Bank, now operates under a unified IFSC structure.

Therefore, the IFSC code PUNB0MBGB06 for the Budhia branch reflects this change and the sponsorship by Punjab National Bank. It is crucial for customers to understand that any old IFSC codes previously used for UBGB, DBGB, or other related regional rural bank branches are no longer valid for transactions. All financial transfers, including NEFT, RTGS, and IMPS, must now use the new, consolidated IFSC code, PUNB0MBGB06, to ensure successful and smooth fund transfers. Using an outdated code will result in your transaction being rejected.

What is an IFSC Code?

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

The 11 characters of an IFSC code are structured in a specific way:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” indicates Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific branch. In “PUNB0MBGB06”, “MBGB06” points to a particular branch, in this case, the Budhia branch of Bihar Gramin Bank.

This precise structure ensures that every transaction is routed to the correct bank and branch, preventing errors and speeding up the transfer process.

How to Use the IFSC Code

Knowing the correct IFSC code is vital for various digital payment methods. Here’s how you typically use it:

For NEFT (National Electronic Funds Transfer)

NEFT transactions are processed in batches throughout the day.

1. Log in to your bank’s online banking portal or mobile app.
2. Go to the ‘Fund Transfer’ section.
3. Select ‘NEFT’.
4. Add a new beneficiary (recipient) or select an existing one.
5. Enter the beneficiary’s name, account number, bank name, and the specific IFSC code (PUNB0MBGB06 for Budhia branch).
6. Enter the amount you wish to transfer and confirm the transaction.

For RTGS (Real Time Gross Settlement)

RTGS is for large-value transactions and processes payments individually and continuously.

1. Log in to your bank’s online banking or mobile app.
2. Navigate to the ‘Fund Transfer’ section.
3. Choose ‘RTGS’.
4. Add or select the beneficiary.
5. Input the beneficiary’s name, account number, bank name, and the IFSC code (PUNB0MBGB06).
6. Enter the amount. RTGS usually has a higher minimum transaction limit.
7. Confirm the details to complete the transfer.

For IMPS (Immediate Payment Service)

IMPS allows instant, 24/7 fund transfers, even on holidays.

1. Open your mobile banking app.
2. Select ‘IMPS’ for fund transfer.
3. Provide the beneficiary’s mobile number, their MMID (Mobile Money Identifier, if applicable), or their bank account number and the IFSC code (PUNB0MBGB06).
4. Enter the amount to be transferred.
5. Verify the details and approve the transaction.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transfer. A small error can lead to funds being sent to the wrong account, which can be difficult to recover.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, and for the branches of those you transact with, offers several important benefits:

• Accuracy in Transfers: Ensures your money reaches the exact intended bank and branch, preventing misdirected funds.
• Faster Processing: Enables quick processing of electronic fund transfers like NEFT, RTGS, and IMPS.
• Security: Adds an extra layer of verification, reducing the risk of fraud or errors in transactions.
• Online Banking Convenience: Facilitates seamless use of online and mobile banking services for various transactions.
• Avoiding Transaction Failures: Prevents rejections or delays that can occur when an incorrect or outdated IFSC code is used.
• Bill Payments: Essential for setting up recurring payments or direct debits for utility bills, loan EMIs, and more.

Contact Information

Should you need to contact the bank for any queries regarding your account or transactions, here are the relevant contact details:

• Branch Phone Number: 7479629381
• Branch Address: Budhia, PURNIA, 854306
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777 (for general inquiries regarding Bihar Gramin Bank)

Frequently Asked Questions

Q1: What happens if I use an old IFSC code for Bihar Gramin Bank?
A1: If you use an old or incorrect IFSC code, your transaction will likely be rejected. The funds will not be transferred, and you will receive a notification of failure. It’s crucial to always use the current and correct IFSC code, PUNB0MBGB06, for the Budhia branch to ensure successful transfers.

Q2: Is the IFSC code the same as the MICR code?
A2: No, the IFSC code and MICR code are different. The IFSC code (Indian Financial System Code) is an 11-character code used for electronic fund transfers. The MICR code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing physical cheques. While both are used for bank identification, their purposes and formats are distinct.

Q3: Can I find the IFSC code online?
A3: Yes, you can usually find the IFSC code on your bank’s official website, your cheque book, or your bank passbook. Many financial websites also provide IFSC code lookup tools. However, always verify the information from a reliable source to ensure accuracy.

Q4: Is PUNB0MBGB06 the IFSC code for all Bihar Gramin Bank branches?
A4: No, PUNB0MBGB06 is the specific IFSC code for the Budhia branch of Bihar Gramin Bank. Each branch of Bihar Gramin Bank will have a unique six-character branch code at the end of the IFSC, resulting in a different overall IFSC code. Only the first five characters (PUNB0) usually remain common for branches under the same regional rural bank sponsored by Punjab National Bank.

Q5: Why does the IFSC code start with “PUNB0” if it’s Bihar Gramin Bank?
A5: The “PUNB0” in the IFSC code signifies that Bihar Gramin Bank is sponsored by Punjab National Bank. Regional Rural Banks (RRBs) are typically sponsored by larger public sector banks, and their IFSC codes often reflect the sponsoring bank’s prefix followed by a unique identifier for the RRB itself and then the specific branch code.