Bihar Gramin Bank Rajanpur IFSC Code

This article focuses on the Bihar Gramin Bank branch located in Rajanpur, Saharsa, Bihar. Understanding the details of this specific branch, especially its Indian Financial System Code (IFSC), is crucial for anyone needing to transfer funds digitally. The IFSC code acts like a unique address for the branch, making sure your money goes to the correct destination when you use services like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS). It ensures a smooth and secure transaction process.

Branch Details

Here are the key details for the Bihar Gramin Bank branch in Rajanpur:

Bank Name	Bihar Gramin Bank
Branch Name	Rajanpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100821
Branch Address	Rajanpur, SAHARSA, 852112
Contact Number	9297954270
City	SAHARSA
District	SAHARSA
Region	SAHARSA
Pincode	852112
State	Bihar

Merger Update

The Rajanpur branch, originally part of Bihar Gramin Bank, now operates under the umbrella of Madhya Bihar Gramin Bank. Madhya Bihar Gramin Bank was formed through the merger of several regional rural banks in Bihar, including Bihar Gramin Bank itself. This larger entity is sponsored by Punjab National Bank, which is why the IFSC code for this branch, PUNB0MBGB06, begins with ‘PUNB’.

It is important to understand the broader context of bank mergers in the region. If branches previously under Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) have merged and adopted the Madhya Bihar Gramin Bank structure, their old IFSC codes would similarly be revoked. In such instances, PUNB0MBGB06 (or the relevant MBGB IFSC for other branches) would be the valid code for transactions. Always ensure you are using the most current IFSC code for any fund transfer to avoid delays or issues.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers in India. This code is crucial for all electronic transactions.

Here’s how the PUNB0MBGB06 code breaks down:

• The first four characters represent the bank name: PUNB stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain uniqueness.
• The last six characters identify the specific branch: MBGB06 refers to the Rajanpur branch of Madhya Bihar Gramin Bank.

Knowing this structure helps you quickly identify the bank and branch linked to any IFSC code.

How to Use IFSC Code

The IFSC code is essential for sending or receiving money through NEFT, RTGS, and IMPS. Here’s a general overview of how you would use it:

When initiating an online fund transfer:

1. Log in to your net banking account or mobile banking app.
2. Select the type of transfer you wish to make: NEFT, RTGS, or IMPS. NEFT is for deferred settlements, RTGS is for large, real-time transfers, and IMPS is for instant transfers.
3. Add a new beneficiary (recipient) if you haven’t transferred money to them before.
4. Enter the beneficiary’s details carefully. This includes:
   • Beneficiary Name
   • Beneficiary Account Number (and confirm it)
   • Bank Name (e.g., Madhya Bihar Gramin Bank)
   • IFSC Code (e.g., PUNB0MBGB06 for Rajanpur branch)
5. Enter the amount you wish to transfer.
6. Confirm the transaction using your password or OTP (One Time Password).

Always double-check the IFSC code and account number before confirming any transaction. A wrong code can lead to delays or the transfer going to an incorrect account.

Benefits of Knowing the IFSC Code

Having easy access to the correct IFSC code for Bihar Gramin Bank’s Rajanpur branch offers several advantages:

• Facilitates Fast Transfers: It ensures your NEFT, RTGS, or IMPS transactions are processed quickly and efficiently.
• Ensures Accuracy: The unique code precisely identifies the recipient’s bank and branch, minimizing the risk of errors in fund transfers.
• Mandatory for Online Banking: You cannot complete digital fund transfers without the correct IFSC code.
• Secure Transactions: It adds a layer of security by directing funds to a verified bank branch.
• Convenience: Knowing the code allows you to perform transactions from anywhere, at any time, using internet banking or mobile apps.

Contact Information

If you need to get in touch with the bank, here are the relevant contact details:

• Branch Phone Number (Rajanpur): 9297954270
• Branch Address (Rajanpur): Rajanpur, SAHARSA, 852112, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777

FAQs

Here are some common questions about IFSC codes and bank transfers:

Q1: Is the IFSC code PUNB0MBGB06 only for the Rajanpur branch?
A1: Yes, the last six characters (MBGB06) specifically identify the Rajanpur branch of Madhya Bihar Gramin Bank. Each branch has its unique IFSC code.

Q2: What should I do if I enter a wrong IFSC code during a transfer?
A2: If the IFSC code is incorrect but the account number is valid for another branch, the money might go there. If the combination of IFSC and account number is invalid, the transaction will usually fail, and the money will be refunded to your account. Contact your bank immediately if you realize you made an error.

Q3: Can I find the IFSC code on my passbook or cheque book?
A3: Yes, the IFSC code is typically printed on the first page of your bank passbook and on cheque leaves provided by your bank. It’s usually near the branch address or bank name.

Q4: What is the difference between NEFT, RTGS, and IMPS?
A4: NEFT (National Electronic Funds Transfer) processes transactions in batches, typically within a few hours. RTGS (Real Time Gross Settlement) is for large value transfers (usually above 2 lakh rupees) that are processed individually and in real-time. IMPS (Immediate Payment Service) allows instant, 24/7 fund transfers, even on holidays.

Q5: Is it safe to share my IFSC code?
A5: Yes, it is safe to share your IFSC code. It only helps others send money to your account. It does not provide access to your account or allow anyone to withdraw funds.