Bihar Gramin Bank BASTIPUR IFSC Code

In the heart of Rohtas district, Bihar, lies the Bastipur branch of Bihar Gramin Bank. For anyone looking to send or receive money digitally to this branch, understanding and using its Indian Financial System Code (IFSC) is crucial. This unique 11-character code acts like a digital address, making sure your funds reach the correct bank and branch when you use services like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS). It ensures that your online transactions are processed smoothly and accurately.

Branch Details

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

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	BASTIPUR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7519
Branch Address	BASTIPUR, Rohtas, 821307, 7541807519
Contact Number	7541807519
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	821307
State	Bihar

Merger Update

It is important to note a significant change regarding Gramin Banks in Bihar. The former Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged. They now operate as a single entity known as Bihar Gramin Bank. This merged bank operates under the sponsorship of Punjab National Bank.

As a result of this merger, all previous IFSC codes associated with Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. They are no longer valid for any banking transactions. For all transactions, including those for the Bastipur branch, you must use the new and unified IFSC code, which is PUNB0MBGB06. Using an old or incorrect IFSC code will result in transaction failure or delays.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch in India. It is essential for electronic funds transfers.

The code is structured in a specific way:

• The first four characters represent the bank name. For Bihar Gramin Bank, the sponsor bank is Punjab National Bank, so these characters are PUNB.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain the code’s structure.
• The last six characters identify the specific branch. For the Bastipur branch, these characters are MBGB06.

So, the full IFSC code PUNB0MBGB06 helps systems precisely direct funds to the Bihar Gramin Bank, Bastipur branch.

How to Use an IFSC Code

You will need the IFSC code whenever you perform an online money transfer. Here’s how it’s typically used:

• For NEFT (National Electronic Funds Transfer): When setting up a beneficiary for NEFT, you will need to provide the beneficiary’s bank name (Bihar Gramin Bank), their account number, their name, and the branch’s IFSC code (PUNB0MBGB06). This system processes transfers in batches at specific times.

• For RTGS (Real Time Gross Settlement): Similar to NEFT, RTGS requires the beneficiary’s bank name, account number, name, and the IFSC code. RTGS is used for high-value transactions and processes funds individually in real-time, meaning the money is transferred almost instantly.

• For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers. You will need the beneficiary’s mobile number and MMID (Mobile Money Identifier), or their account number and the IFSC code (PUNB0MBGB06). IMPS is convenient for immediate transfers of smaller amounts.

Always double-check the IFSC code, account number, and beneficiary name before confirming a transaction to prevent errors.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages:

• It enables secure and accurate digital fund transfers between different banks.
• It ensures that your money reaches the intended recipient’s specific bank branch without complications.
• It speeds up online transactions, making banking more convenient and efficient.
• It is essential for receiving payments, salaries, or any other electronic credits directly into your account.
• It helps in verifying bank details, reducing the chances of fraud or incorrect transfers.

Contact Information

• Branch Phone Number: 7541807519
• Branch Address: BASTIPUR, Rohtas, 821307, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank Bastipur IFSC code:

Q1: What is the IFSC code for Bihar Gramin Bank BASTIPUR branch?
A1: The IFSC code for Bihar Gramin Bank, BASTIPUR branch, is PUNB0MBGB06.

Q2: Why is the IFSC code important for online transactions?
A2: The IFSC code is vital because it uniquely identifies the bank and branch. This ensures that your money goes to the correct destination during NEFT, RTGS, or IMPS transfers, preventing errors and delays.

Q3: My previous IFSC code for a Bihar Gramin Bank branch doesn’t work. Why?
A3: If you were previously using an IFSC code for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, it is now invalid. These banks merged to form Bihar Gramin Bank, and all transactions now require the new unified IFSC codes, such as PUNB0MBGB06 for the Bastipur branch.

Q4: Can I use PUNB0MBGB06 for both NEFT and RTGS transactions?
A4: Yes, the IFSC code PUNB0MBGB06 is valid and required for all types of electronic fund transfers, including NEFT, RTGS, and IMPS, to the Bihar Gramin Bank, Bastipur branch.

Q5: What do the ‘PUNB’ and ‘MBGB06’ parts of the IFSC code signify?
A5: ‘PUNB’ indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank. ‘MBGB06’ is the specific branch code that identifies the Bastipur branch within Bihar Gramin Bank.