Bihar Gramin Bank Parsama IFSC Code

The Bihar Gramin Bank Parsama branch is located in Parsama village, Lakhisarai district, Bihar (PIN 811311). This IFSC code page helps you confirm the correct code before making electronic fund transfers. The IFSC is required for NEFT, RTGS and IMPS transfers. Using the right IFSC ensures the funds route to the correct bank and branch and prevents delays or reversals.

Branch Details Table

Merger Update

Important: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged into a single entity under Punjab National Bank. As a result, the old UBGB and DBGB IFSC codes have been revoked. The consolidated branch IFSC to be used for the Parsama branch is PUNB0MBGB06. Only this IFSC is valid for NEFT, RTGS and IMPS transactions. If you have any old IFSC details, do not use them.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to route electronic payments to bank branches in India. The structure is:

• First 4 characters – bank identifier (example: PUNB = Punjab National Bank).
• 5th character – reserved and is always 0.
• Last 6 characters – branch identifier (alphanumeric). In PUNB0MBGB06, the last six characters are MBGB06, which point to the Parsama branch within the bank’s branch coding system.

How to Use IFSC Code

Follow these steps when sending money via NEFT, RTGS or IMPS:

1. Open your bank’s netbanking app, mobile app or visit the branch kiosk for fund transfer.
2. Choose the transfer type: IMPS for instant smaller transfers, NEFT for regular electronic transfers, or RTGS for high-value, real-time gross settlement (banks may set RTGS minimums).
3. Add a new beneficiary. Enter beneficiary name, account number and the IFSC code: PUNB0MBGB06.
4. Verify the beneficiary details shown by your bank. Confirm the branch name and city (Parsama, Lakhisarai) before proceeding.
5. Enter the amount and a remark, then authenticate the transfer using OTP, PIN or secondary password as required by your bank.
6. Keep the transaction reference/UTR for tracking. If a transaction fails, contact the originating bank with the UTR and date.

Benefits of Knowing the IFSC

• Ensures funds reach the correct branch quickly. A wrong IFSC can delay or reverse a transfer.
• Makes adding beneficiaries fast and error-free when using netbanking or mobile apps.
• Required for online and mobile fund transfers (NEFT, RTGS, IMPS).
• Useful for filling forms, setting up standing instructions, and verifying cheque clearing via MICR.
• Helps customer support locate transactions using branch-specific codes and UTR numbers.

Contact

Branch Phone: 8102918582

Branch Address: Parsama, Lakhisarai, 811311

Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll Free: 18001807777

FAQs

• Q: Can I use the old UBGB or DBGB IFSC codes for transfers?

  A: No. All old UBGB and DBGB IFSC codes have been revoked after the merger. Use the new consolidated IFSC PUNB0MBGB06 for Parsama branch transactions.

• Q: Where can I verify the IFSC before sending money?

  A: Verify the IFSC on the bank passbook, cheque leaf (if printed), or by calling the branch phone number (8102918582) or the bank’s toll-free number (18001807777). Also confirm the branch name and city when prompted by your bank’s app.

• Q: What happens if I enter an incorrect IFSC?

  A: If the IFSC does not match any active branch, the transaction is usually rejected and the funds are returned to the sender’s account. If the IFSC points to a different branch with matching account details, the money could be credited to the wrong account. Contact your bank immediately with the UTR and transaction details to resolve.

• Q: Which transfer method should I use: NEFT, RTGS or IMPS?

  A: Use IMPS for instant transfers any time of day for small to moderate amounts (bank limits apply). Use NEFT for normal electronic transfers (now available 24×7). Use RTGS for large-value payments when immediate gross settlement is required; banks may impose minimum amounts for RTGS.

• Q: What is MICR code and when is it needed?

  A: MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque clearing. The Parsama branch MICR is 800811002. You generally need MICR for cheque processing, not for NEFT/RTGS/IMPS transfers.

Kriti Kumari

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.