If you need to make a bank transfer to the Bihar Gramin Bank branch located at Line Bazar in Purnea, understanding the Indian Financial System Code (IFSC) is crucial. This code is a unique identifier for bank branches in India. It ensures that money sent through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) reaches the correct recipient account without errors. Without the correct IFSC, your financial transaction simply cannot go through.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Line Bazar-Purnea |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100797 |
| Branch Address | Line Bazar-Purnea, PURNIA, 854301, 9297954152 |
| Contact Number | 9297954152 |
| City | PURNIA |
| District | PURNIA |
| Region | PURNEA |
| Pincode | 854301 |
| State | Bihar |
Merger Update
It is important to understand the structure of regional rural banks (RRBs) in Bihar. Bihar Gramin Bank operates as an RRB sponsored by Punjab National Bank. Previously, there were other prominent regional rural banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) serving various parts of Bihar.
Both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have undergone a significant merger. Following this merger, and under the continued sponsorship of Punjab National Bank, a new and unified IFSC code structure has been adopted for these merged entities. For all branches that were formerly part of UBGB or DBGB, the new, official, and currently valid IFSC code for all fund transfers is PUNB0MBGB06. It is crucial to note that all old IFSC codes previously assigned to UBGB and DBGB have been revoked. These old codes are no longer valid for any NEFT, RTGS, or IMPS transactions. You must use the new code for successful transfers.
What is an IFSC Code?
The Indian Financial System Code, or IFSC, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers in India. Think of it like a specific address for each bank branch that the financial system understands.
The 11 characters are structured in a particular way:
- The first four characters represent the bank’s name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank.
- The fifth character is always ‘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” refers to the particular branch code for the merged entity.
This precise structure helps the Reserve Bank of India (RBI) manage and monitor all electronic fund transfers efficiently.
How to Use an IFSC Code
You will need the correct IFSC code whenever you want to transfer money electronically using popular methods like NEFT, RTGS, or IMPS. Here’s a general guide:
- For NEFT (National Electronic Funds Transfer): This system processes transactions in batches. When you initiate an NEFT transfer, you need the recipient’s bank account number, account holder’s name, and the correct IFSC code for their branch.
- For RTGS (Real Time Gross Settlement): RTGS is designed for large value transactions, typically Rs. 2 lakh and above. Transfers are processed continuously on a one-to-one basis. Similar to NEFT, you will need the recipient’s account number, name, and the specific IFSC code for their branch.
- For IMPS (Immediate Payment Service): IMPS offers instant 24/7 fund transfers, even on holidays. You can use IMPS via mobile banking or internet banking. You will be asked for the beneficiary’s account number and the IFSC code, or sometimes just their mobile number and MMID (Mobile Money Identifier).
In all these methods, the IFSC code acts as a critical piece of information. It directs your funds to the exact branch where the recipient’s account is held.
Benefits of Knowing Your IFSC Code
Having the correct IFSC code for your bank branch, or for any recipient’s branch, offers several advantages:
- Accurate Fund Transfers: It ensures your money goes to the correct bank and branch, minimizing the risk of funds being misdirected.
- Faster Processing: With the right IFSC, electronic transfers are processed smoothly and quickly, without delays caused by incorrect information.
- Required for Online Banking: It’s an essential detail for setting up beneficiaries and making online payments through internet banking and mobile banking apps.
- Security: The unique code adds a layer of security by clearly identifying the destination of funds, making transactions more traceable.
- Essential for Third-Party Payments: Many online platforms, bill payment services, and e-commerce sites require an IFSC for direct bank transfers.
Contact Information
For assistance or further details regarding the Bihar Gramin Bank, Line Bazar-Purnea branch, you can use the following contact information:
Branch Phone Number: 9297954152
Branch Address: Line Bazar-Purnea, PURNIA, 854301
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
What is the IFSC code for Bihar Gramin Bank, Line Bazar-Purnea branch?
The IFSC code for the Bihar Gramin Bank, Line Bazar-Purnea branch is PUNB0MBGB06.
Is the IFSC code PUNB0MBGB06 used for all types of electronic transfers?
Yes, the IFSC code PUNB0MBGB06 is valid and required for all major electronic fund transfer methods, including NEFT, RTGS, and IMPS, for this specific branch.
What does the ‘0’ in the fifth position of the IFSC code mean?
The ‘0’ (zero) in the fifth position of any IFSC code is a control character. It is reserved for future use and helps maintain the standard 11-character length of the code.
Can I use an old IFSC code if I still have it for a merged bank?
No, if a bank has merged, such as the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), all old IFSC codes are revoked. You must use the new and valid IFSC code, which is PUNB0MBGB06 in this context, for any successful fund transfers.
How can I verify if an IFSC code is correct?
You can verify an IFSC code through your bank’s official website, the Reserve Bank of India (RBI) website, or by contacting your bank branch directly. It’s always a good practice to double-check before making a transaction to avoid errors.
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.