Welcome to our guide on managing your banking needs in MANGRAON, Rohtas, Bihar. Whether you’re sending money to family, paying bills, or managing your finances online, understanding the Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address, ensuring your money transfers, such as those through NEFT, RTGS, and IMPS, reach the correct bank and branch without any issues. Let’s explore the details for the Bihar Gramin Bank branch in MANGRAON.
Branch Details Table
| Bank Name | Bihar Gramin Bank |
| Branch Name | MANGRAON |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7374 |
| Branch Address | MANGRAON, Rohtas, 821314 |
| Contact Number | 9771464374 |
| City | Rohtas |
| District | Rohtas |
| Reason | SASARAM |
| Pincode | 821314 |
| State | Bihar |
Merger Update
Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). This sponsorship is reflected in its IFSC code. It’s important to be aware of the ongoing consolidation in the RRB sector. If your branch was previously part of Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it’s important to note that these banks have undergone mergers to streamline operations. As a result, they now operate under new structures, and the IFSC code PUNB0MBGB06 is used for specific merged entities under the sponsorship of Punjab National Bank.
For branches that were part of the older Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), their previous IFSC codes have been revoked. For any transactions, only the new, updated IFSC codes, like PUNB0MBGB06 (for branches under its purview), are valid. Always confirm the latest IFSC code to ensure your transactions are successful and avoid any delays.
What is an IFSC Code?
An IFSC code is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online funds transfers in India. Think of it like a postal code for digital money. It’s essential for carrying out transactions through NEFT, RTGS, and IMPS. Here’s how the 11 characters are structured:
- The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
- The fifth character is always a ‘0’ (zero). This is a control character reserved for future use.
- The last six characters identify the specific branch. In our example, “MBGB06” identifies the MANGRAON branch within the Bihar Gramin Bank system, which falls under the Punjab National Bank’s umbrella.
This systematic structure ensures that every transaction is routed precisely to the intended recipient’s bank and branch, minimizing errors in the digital banking system.
How to Use an IFSC Code
Using an IFSC code is straightforward, but accuracy is key. Here’s a step-by-step guide for common fund transfer methods:
For NEFT (National Electronic Funds Transfer):
- Log in to your online banking portal or visit your bank branch.
- Select the NEFT option for fund transfer.
- Add a new beneficiary. You’ll need the beneficiary’s name, account number, bank name (Bihar Gramin Bank), and the IFSC code (PUNB0MBGB06).
- Enter the amount you wish to transfer.
- Review all details carefully before confirming the transaction. NEFT transactions are processed in batches throughout the day.
For RTGS (Real Time Gross Settlement):
- Access your online banking or visit your bank branch.
- Choose the RTGS option for high-value transfers (typically for amounts Rs. 2 lakh and above).
- Provide the beneficiary’s details: name, account number, bank name (Bihar Gramin Bank), and the IFSC code (PUNB0MBGB06).
- Specify the transfer amount.
- Verify all the information. RTGS transactions are processed individually and immediately, so accuracy is even more critical.
For IMPS (Immediate Payment Service):
- Open your mobile banking app or internet banking portal.
- Select the IMPS option.
- Enter the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code (PUNB0MBGB06).
- Input the amount to be transferred.
- Confirm the transaction after a thorough review. IMPS transfers are instantaneous, 24/7, even on holidays.
Always double-check the IFSC code, account number, and beneficiary name before initiating any transfer. An incorrect detail could lead to the 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 offers several practical advantages:
- Accurate Fund Transfers: Ensures your money goes to the correct bank and branch, preventing delays and errors.
- Enables Online Transactions: It’s a mandatory requirement for NEFT, RTGS, and IMPS, allowing you to send and receive money electronically.
- Faster Processing: Correct IFSC codes help banks process transactions more efficiently, leading to quicker transfers.
- Enhanced Security: By uniquely identifying each branch, it adds a layer of security and traceability to digital financial transactions.
- Inter-Bank Transactions: Facilitates seamless money movement between different banks and branches across India.
- Convenience: Allows you to manage your finances from anywhere, anytime, without needing to visit a physical branch for every transaction.
Contact Section
Should you need to reach out to the Bihar Gramin Bank, MANGRAON branch, or its head office, here are the details:
- Branch Phone Number: 9771464374
- Branch Address: MANGRAON, Rohtas, 821314, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
FAQs
Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
No, the IFSC code is unique to each individual branch. While the first four characters representing the sponsoring bank (PUNB for Punjab National Bank) might be similar, the last six characters (the branch code) will be different for every distinct branch.
Q2: What happens if I use an incorrect IFSC code for a transaction?
If you use an incorrect IFSC code, your transaction will likely be rejected by the bank. In some rare cases, if the incorrect code happens to belong to another valid branch and the account number also matches a beneficiary at that branch, the funds might be credited there. This is why verifying all details, especially the IFSC code and account number, is crucial before confirming a transfer.
Q3: Can I find the IFSC code on my chequebook?
Yes, the IFSC code is typically printed on the top left corner of your cheque leaf, next to the bank’s name and branch details. You can also find it on your bank’s passbook or by visiting the bank’s official website.
Q4: Is the IFSC code required for cash deposits or withdrawals at the branch?
No, the IFSC code is specifically for electronic fund transfers (NEFT, RTGS, IMPS). For cash deposits or withdrawals directly at the bank branch, you only need your account number and relevant identification.
Q5: Is the IFSC code the same as a SWIFT code?
No, an IFSC code is for domestic inter-bank transactions within India. A SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as BIC (Bank Identifier Code), is used for international wire transfers between banks globally. They serve different purposes.
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.