Bihar Gramin Bank TUMBA IFSC Code

The Bihar Gramin Bank branch in TUMBA is located in the Rohtas district of Bihar, with the pincode 821312. This branch plays a vital role for residents and businesses in and around TUMBA, including Sasaram, providing essential banking services. When you need to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code is a unique identifier used for secure and efficient fund transfers through systems like NEFT, RTGS, and IMPS across India.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	TUMBA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7400
Branch Address	TUMBA, Rohtas, 821312, 9771464400
Contact Number	9771464400
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	821312
State	Bihar

Merger Update

The bank initially known as Bihar Gramin Bank has been restructured and is now operating as Madhya Bihar Gramin Bank (MBGB). This change is part of a larger consolidation effort among Regional Rural Banks (RRBs) in India to enhance operational efficiency. Madhya Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). This sponsorship means that Punjab National Bank oversees its operations and provides support. Consequently, the IFSC code for the TUMBA branch, PUNB0MBGB06, reflects this sponsorship, starting with “PUNB” for Punjab National Bank and including “MBGB” for Madhya Bihar Gramin Bank.

What is IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code. It’s used to identify every bank branch participating in online fund transfers. This code is essential for processing electronic transactions accurately.

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

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the TUMBA branch within Madhya Bihar Gramin Bank.

How to Use IFSC Code

When you need to transfer money electronically, you’ll use the IFSC code along with other details for secure processing. Here’s how it works for common transfer methods:

• NEFT (National Electronic Funds Transfer): For NEFT transactions, you need the beneficiary’s name, account number, account type, and the correct IFSC code for their bank branch. Funds are settled in batches throughout the day.
• RTGS (Real Time Gross Settlement): RTGS is for large value transactions, typically Rs. 2 lakh and above. Similar to NEFT, you need the beneficiary’s name, account number, account type, and the specific IFSC code. RTGS transactions are processed individually and immediately.
• IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. For IMPS, you can use either the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code.

Always double-check the IFSC code before initiating a transfer. An incorrect code could lead to delays or the transfer going to the wrong account.

Benefits of Knowing IFSC Code

Knowing the correct IFSC code for the Bihar Gramin Bank, TUMBA branch, provides several important benefits:

• It enables quick and secure electronic fund transfers to and from the TUMBA branch.
• It helps prevent errors in transactions, ensuring money reaches the intended recipient.
• It is a mandatory detail for setting up online banking services, bill payments, and various digital transactions.
• It simplifies the process of receiving payments from government schemes, salaries, or other sources directly into your account at the TUMBA branch.
• It provides an additional layer of verification for the specific bank and branch during financial dealings.

Contact Information

For direct inquiries or assistance related to the TUMBA branch of Madhya Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9771464400
• Branch Address: TUMBA, Rohtas, 821312
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank): 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank (Madhya Bihar Gramin Bank) TUMBA branch IFSC code:

Q1: Is “Bihar Gramin Bank” the same as “Madhya Bihar Gramin Bank”?
A1: Yes, Bihar Gramin Bank was restructured and is now known as Madhya Bihar Gramin Bank. The services and operations continue under this new name.

Q2: Who sponsors Madhya Bihar Gramin Bank?
A2: Madhya Bihar Gramin Bank is sponsored by Punjab National Bank. This means PNB supports its operations and governance.

Q3: Can I use an old IFSC code for Bihar Gramin Bank?
A3: No, it is crucial to use the current IFSC code, PUNB0MBGB06, for the TUMBA branch. Old IFSC codes from previous structures or names may no longer be valid and could cause transaction failures.

Q4: What is the significance of the “0” in the IFSC code PUNB0MBGB06?
A4: The fifth character, always a zero, is a control character. It separates the bank code from the branch code and is reserved for future use by the Reserve Bank of India.

Q5: Is the IFSC code required for all types of bank transactions?
A5: The IFSC code is specifically required for electronic fund transfers like NEFT, RTGS, and IMPS. It is not typically needed for cash deposits or withdrawals at the branch counter, but it is a fundamental identifier for any digital money movement.