Balgudar is a village in Lakhisarai district, Bihar (PIN 811311). If you need to send or receive money to the Bihar Gramin Bank, Balgudar branch, the IFSC code is the key identifier. Banks use IFSC codes to route electronic fund transfers—NEFT, RTGS and IMPS—so entering the correct IFSC ensures your funds reach the right branch and account without delay.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Balgudar |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3103 |
| Branch Address | Balgudar, Lakhisarai, 811311, 8102918569 |
| Contact Number | 8102918569 |
| City | Lakhisarai |
| District | Lakhisarai |
| Reason | JAMUI |
| Pincode | 811311 |
| State | Bihar |
Merger Update
The rural banking landscape in Bihar changed when Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were consolidated under the sponsor bank, Punjab National Bank (PNB). As part of that reorganization, the combined operations now use the single IFSC code PUNB0MBGB06 for the Balgudar branch. Any older IFSC codes that belonged to UBGB or DBGB have been revoked. For all electronic transfers (NEFT, RTGS, IMPS) to accounts formerly under UBGB or DBGB, use only PUNB0MBGB06.
What is IFSC Code?
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies a bank branch for electronic payments.
Structure:
- First 4 characters = bank code (alphabetic). Example: PUNB = Punjab National Bank.
- 5th character = always 0 (reserved).
- Last 6 characters = branch code (alphanumeric). Example: MBGB06 in PUNB0MBGB06.
How to Use IFSC Code
Follow these steps when making NEFT, RTGS or IMPS transfers to Bihar Gramin Bank, Balgudar:
- Open your bank’s netbanking site or mobile app, or visit a branch for a paper form.
- Choose the transfer type: IMPS (instant, 24×7), NEFT (batch-processed), or RTGS (for large-value, typically used for higher amounts).
- Enter the beneficiary name exactly as on the account.
- Enter the beneficiary account number.
- Enter the IFSC: PUNB0MBGB06 (copy-paste avoids typing errors).
- Enter the amount, purpose or remarks if required, then authorize the transaction (OTP, bank token or in-branch signature).
- Verify details on the confirmation screen and keep the transaction reference number for tracking.
Tip: Always verify the branch name and MICR (800811002) if shown. If any detail differs, confirm with the beneficiary before sending funds.
Benefits of Knowing the IFSC
- Ensures accurate routing of electronic payments to the correct branch and account.
- Reduces failed or delayed transfers caused by wrong branch identification.
- Makes it easy to receive funds from employers, government payments, or remittances.
- Allows quick verification when adding a beneficiary in netbanking or mobile apps.
- Required for inward remittances and many official payment forms.
Contact
Branch phone: 8102918569
Branch address: Balgudar, Lakhisarai, 811311
Head office address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free: 18001807777
FAQs
Q: Can I use IFSC PUNB0MBGB06 for accounts that were earlier under UBGB or DBGB?
A: Yes. After consolidation, accounts moved from UBGB or DBGB now use the unified IFSC PUNB0MBGB06. Old UBGB/DBGB IFSCs are revoked and should not be used.
Q: What happens if I enter the wrong IFSC during a transfer?
A: If the IFSC does not match the account number, the transfer may fail or be routed to a different branch. Most banks validate IFSC versus branch details; if a mismatch is detected, the transaction will typically be rejected. If funds are misrouted, contact your bank immediately with the transaction reference.
Q: Which is faster — NEFT, RTGS or IMPS?
A: IMPS and RTGS are real-time; IMPS is instant and available 24×7 for small to medium amounts. RTGS is intended for larger amounts and settles in real time (banks may set minimums). NEFT is processed in hourly or half-hourly batches (timings depend on the bank) and is commonly used for routine transfers.
Q: Is IFSC case-sensitive?
A: No. IFSC codes are not case-sensitive, but entering them exactly as provided (upper-case) reduces risk of transcription errors.
Q: How can I verify the branch MICR and IFSC before sending money?
A: Confirm with the beneficiary or call the branch at 8102918569. Use bank statements or cheque leaves (MICR printed on cheques) to cross-check. When in doubt, ask the receiving branch or your bank to validate the IFSC and account details before initiating the transfer.
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.