Bihar Gramin Bank Biratpur IFSC Code

The Biratpur branch of Bihar Gramin Bank serves the community in Saharsa, Bihar. When you need to transfer money electronically, like sending funds to family or paying bills, you’ll need the bank’s IFSC (Indian Financial System Code). This unique code is essential for making safe and quick transactions through systems like NEFT, RTGS, and IMPS. It ensures your money goes to the correct bank and branch.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Biratpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100803
Branch Address	Biratpur, SAHARSA, 854340, 9297954238
Contact Number	9297954238
City	SAHARSA
District	SAHARSA
Region	SAHARSA
Pincode	854340
State	Bihar

Merger Update for Regional Rural Banks

Regional Rural Banks (RRBs) in India often undergo mergers or change their sponsoring banks to streamline operations and enhance banking services. The IFSC code PUNB0MBGB06 indicates that this branch operates under the umbrella of Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank (PNB).

In a broader context of consolidation, if any branches that previously belonged to banks like Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) have merged or now fall under the operational structure of a PNB-sponsored entity, their old IFSC codes would have been revoked. For such merged entities, new IFSC codes, often following a similar PUNB0MBGB format (where MBGB denotes Madhya Bihar Gramin Bank) are now valid. This ensures a unified banking experience across the network. Therefore, it is crucial to always use the current and valid IFSC code PUNB0MBGB06 for all transactions related to this Biratpur branch.

What is an IFSC Code?

The IFSC Code stands for the Indian Financial System Code. It’s an 11-character code used to identify all bank branches in India uniquely. Think of it like a digital address for a specific bank branch. This code is crucial for any electronic money transfer within India.

The structure of an IFSC code is specific:

• The first four characters represent the bank’s name. For PUNB0MBGB06, PUNB identifies Punjab National Bank as the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This is a control character reserved for future use.
• The last six characters identify the specific branch. For example, MBGB06 points to the Biratpur branch of Madhya Bihar Gramin Bank in this case.

This standardized format helps ensure accuracy and prevents errors during electronic fund transfers.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code is straightforward when you’re making an electronic transfer. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log In: Access your net banking portal or mobile banking app.
2. Select Transfer Type: Choose the type of transfer you want to make – NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter Beneficiary Details: You will need the beneficiary’s name, their bank account number, and the correct IFSC code for their bank branch (in this case, PUNB0MBGB06 for Biratpur branch).
5. Verify Details: Double-check all the information you’ve entered, especially the account number and IFSC code, to prevent errors.
6. Enter Amount: Input the amount you wish to transfer.
7. Confirm Transaction: Confirm the transaction, usually by entering an OTP (One-Time Password) or transaction PIN.

Using the correct IFSC code is the most critical step to ensure your funds reach the intended recipient’s account.

Benefits of Knowing the IFSC Code

Understanding and using the IFSC code offers several key advantages:

• Accurate Transfers: It guarantees that your money is directed to the exact bank and branch account, minimizing the risk of funds going astray.
• Faster Processing: Automated systems use the IFSC to quickly route transactions, leading to quicker settlement times for NEFT and RTGS.
• Secure Transactions: The unique identification helps in tracking transactions and adds a layer of security to electronic fund movements.
• Mandatory for Electronic Payments: It’s a required field for all major electronic fund transfer methods like NEFT, RTGS, and IMPS.
• Prevents Fraud: By identifying the specific branch, it helps in preventing certain types of banking fraud by verifying the recipient’s location.

Contact Information

For any queries or assistance related to the Biratpur branch of Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954238
• Branch Address: Biratpur, SAHARSA, 854340, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, Biratpur branch?

A1: The IFSC code for the Biratpur branch is PUNB0MBGB06.

Q2: Is the IFSC code same for all branches of Bihar Gramin Bank?

A2: No, each individual branch of a bank has a unique IFSC code. While the first few characters (like PUNB for the sponsoring bank and MBGB for Madhya Bihar Gramin Bank) might be similar across branches, the last six characters will be different for each specific branch.

Q3: Why is the fifth character of an IFSC code always zero?

A3: The fifth character is always ‘0’ (zero). It serves as a control character and is reserved for future use by the Reserve Bank of India (RBI). It acts as a separator between the bank code and the branch code.

Q4: Can I use the IFSC code to transfer money internationally?

A4: No, the IFSC code is specifically for electronic fund transfers within India. For international money transfers, you would typically need a SWIFT code (Society for Worldwide Interbank Financial Telecommunication) or BIC (Bank Identifier Code).

Q5: What should I do if I enter a wrong IFSC code during a transaction?

A5: If you enter an incorrect IFSC code, the transaction will usually fail and be rejected by the banking system. Your funds will likely be returned to your account. However, always double-check the IFSC code before confirming a transfer to avoid delays or potential issues.