Bihar Gramin Bank Paharpur IFSC Code

The Bihar Gramin Bank branch in Paharpur, located in the Saharsa district of Bihar, serves as a vital financial hub for the local community. When you need to send or receive money electronically, such as through NEFT, RTGS, or IMPS, a specific code is essential. This is known as the Indian Financial System Code, or IFSC. It acts like a digital address, ensuring your funds reach the correct bank and branch without any errors. Knowing the correct IFSC code is crucial for all your digital banking transactions, making them smooth, fast, and secure.

Branch Details

Here are the complete details for the Bihar Gramin Bank, Paharpur branch:

Bank Name	Bihar Gramin Bank
Branch Name	Paharpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100799
Branch Address	Paharpur, SAHARSA, 852214, 7260049800
Contact Number	7260049800
City	SAHARSA
District	SAHARSA
Pincode	852214
State	Bihar

Merger Update

The Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger streamlined banking operations and brought both entities under a single identity.

As a result of this merger, all branches of the new Bihar Gramin Bank now use a unified IFSC code structure. The Paharpur branch, like all other branches, uses the IFSC code PUNB0MBGB06. This code is sponsored by Punjab National Bank, which is the parent bank for Bihar Gramin Bank.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid. For all current and future electronic fund transfers, you must use only the new IFSC code PUNB0MBGB06. Using an old code will lead to transaction failures.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is a unique 11-character alphanumeric code used to identify all bank branches participating in online money transfer systems like NEFT, RTGS, and IMPS. This code ensures that money is directed to the correct bank and specific branch.

The 11 characters of the IFSC code have a specific structure:

• The first four characters represent the bank. For Bihar Gramin Bank, this is PUNB, indicating its sponsoring bank, Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. For the Paharpur branch, these are MBGB06.

So, the full IFSC code PUNB0MBGB06 uniquely identifies the Paharpur branch of Bihar Gramin Bank.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you are making an online fund transfer:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select Transfer Type: Choose the type of transfer you want to make, such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add a New Beneficiary (if not already added): If you are sending money to someone for the first time, you will need to add them as a beneficiary.
4. Enter Beneficiary Details: You will be prompted to enter information about the person or entity you are sending money to. This includes:
   • Beneficiary Name
   • Beneficiary Account Number (you will usually enter this twice to confirm)
   • Beneficiary Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary Bank Branch (e.g., Paharpur)
   • Beneficiary IFSC Code: This is where you enter PUNB0MBGB06.
5. Confirm and Transact: After adding the beneficiary, you can proceed to initiate the transfer, entering the amount and confirming the details. Always double-check the IFSC code and account number before confirming your transaction to prevent misdirected funds.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the branch of someone you need to pay, offers several key benefits:

• Accurate Fund Transfers: It guarantees that your money is sent to the precise bank and branch you intend, minimizing errors.
• Faster Processing: Correct IFSC codes help systems process transactions quickly, leading to faster credit to the beneficiary’s account.
• Security: The unique code adds a layer of security by making sure funds are routed through verified bank channels.
• Mandatory for Online Transactions: It is a compulsory requirement for all NEFT, RTGS, and IMPS transactions, enabling digital banking.
• Easy Identification: It helps you quickly identify any bank branch across India for banking purposes.

Contact Information

If you need to get in touch with the Bihar Gramin Bank, Paharpur branch, or the head office, here are the contact details:

• Branch Phone Number (Paharpur): 7260049800
• Branch Address (Paharpur): Paharpur, SAHARSA, 852214
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (for Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It is an 11-character code used to identify bank branches for electronic fund transfers.

Q2: Is the Paharpur branch part of Bihar Gramin Bank?
A2: Yes, the Paharpur branch is a part of Bihar Gramin Bank, located in the Saharsa district of Bihar.

Q3: What happens if I use an old IFSC code for a merged bank?
A3: If you use an old IFSC code that belonged to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, your transaction will likely fail. It is crucial to use the current valid IFSC code, PUNB0MBGB06, for all transactions with Bihar Gramin Bank branches.

Q4: Can I find the IFSC code in my bank passbook?
A4: Yes, the IFSC code for your specific branch is usually printed on the first page of your bank passbook. It can also be found on your cheque leaves or by visiting the bank’s official website.

Q5: Is an IFSC code needed for depositing cash at the bank branch?
A5: No, an IFSC code is not required for depositing cash directly at the bank branch. It is primarily used for electronic fund transfers like NEFT, RTGS, and IMPS, where funds are moved between different bank accounts electronically.