Bihar Gramin Bank Angarghat IFSC Code

The Bihar Gramin Bank branch in Angarghat serves the local community in the Purnia district of Bihar. Understanding specific bank details is important for managing your money. The Indian Financial System Code, or IFSC, is a unique identifier. It is essential for sending and receiving funds electronically. This code allows for smooth transactions through systems like NEFT, RTGS, and IMPS, ensuring your money reaches the right account without issues.

Branch Details

Here are the key details for the Bihar Gramin Bank, Angarghat branch:

Bank Name	Bihar Gramin Bank
Branch Name	Angarghat
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100830
Branch Address	Angarghat, PURNIA, 855115, 9297954202
Contact Number	9297954202
City	PURNIA
District	PURNIA
Pincode	855115
State	Bihar

Merger Update

The Bihar Gramin Bank is a regional rural bank that was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both these banks have now been integrated into the single entity known as Bihar Gramin Bank. As part of this consolidation, the bank now operates with a standardized IFSC code structure. The sponsor bank for Bihar Gramin Bank is Punjab National Bank.

Therefore, for all transactions related to Bihar Gramin Bank, including the Angarghat branch, you must use the IFSC code PUNB0MBGB06. It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid. For secure and successful fund transfers, always use the current and official IFSC code: PUNB0MBGB06.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code used to identify all bank branches involved in electronic fund transfers within India. It is unique to each branch. This code helps the banking system direct funds to the correct destination swiftly and accurately.

Let’s break down the structure of the IFSC code PUNB0MBGB06:

• The first four characters represent the bank’s name. In this case, ‘PUNB’ stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific bank branch. Here, ‘MBGB06’ points directly to a particular branch of Bihar Gramin Bank.

How to Use the IFSC Code

Using the IFSC code is simple when you need to transfer funds. Here are the steps for common electronic fund transfer methods like NEFT, RTGS, and IMPS:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank’s online platform or mobile application.
2. Select Fund Transfer: Choose the option for transferring funds to another bank account.
3. Add a Beneficiary (if not already added): You’ll need to add the recipient’s details. This typically includes:
   • Beneficiary Account Number
   • Beneficiary Name
   • Beneficiary Bank Name (Bihar Gramin Bank)
   • Beneficiary IFSC Code (PUNB0MBGB06)
   • Beneficiary Branch Name (Angarghat)
4. Verify Details: Double-check all the entered information, especially the account number and the IFSC code, to prevent errors.
5. Enter Amount and Transfer: Input the amount you wish to transfer and confirm the transaction.

For NEFT and IMPS, the Angarghat branch’s IFSC code PUNB0MBGB06 will ensure your funds are routed correctly. RTGS is used for larger value transactions and also relies on the same unique code for accurate processing.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• It ensures accurate and timely fund transfers through NEFT, RTGS, and IMPS.
• It helps avoid failed transactions due to incorrect routing information.
• It provides a unique identifier, making financial operations more secure and reliable.
• It is often required for setting up direct debits, EMIs, or receiving certain payments directly into your account.
• It helps you quickly identify your specific bank branch in a large banking network.

Contact Information

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

• Angarghat Branch Phone Number: 9297954202
• Angarghat Branch Address: Angarghat, PURNIA, 855115
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, the IFSC code PUNB0MBGB06 is specifically for the Angarghat branch. Each branch of Bihar Gramin Bank will have a unique last six characters in its IFSC code, even though the first five (PUNB0) will remain the same as they denote the sponsor bank and the control digit.

Q2: What happens if I use an old IFSC code for a fund transfer to Bihar Gramin Bank?
A2: If you use an old or incorrect IFSC code, your fund transfer will likely fail. The transaction will not be processed, and the funds will either be returned to your account or get stuck until the correct details are provided. Always ensure you use the current and correct IFSC code for the specific branch.

Q3: Can I find the IFSC code on my chequebook?
A3: Yes, the IFSC code is usually printed on your chequebook leaf. You can typically find it near the bank’s name and address or at the top of the cheque leaf.

Q4: Is the MICR code also necessary for online fund transfers?
A4: While the MICR code (Magnetic Ink Character Recognition) is important for processing paper-based cheque transactions, it is generally not required for electronic fund transfers like NEFT, RTGS, or IMPS. For these digital transfers, the IFSC code is the primary identifier.

Q5: What is the primary difference between NEFT and RTGS?
A5: The main difference lies in the settlement time and minimum transaction amount. NEFT (National Electronic Funds Transfer) processes transactions in batches, so funds are settled in a deferred net settlement basis, taking a little longer. RTGS (Real Time Gross Settlement) processes transactions individually and continuously, meaning funds are settled in real-time, making it faster. RTGS also has a minimum transaction limit of ₹2,00,000, while NEFT has no minimum.