The Bihar Gramin Bank branch in Baghopur, located in the Samastipur district of Bihar, serves as a vital financial hub for the local community. For anyone looking to send or receive money through modern banking channels like NEFT, RTGS, or IMPS, understanding and using the correct Indian Financial System Code (IFSC) is essential. This unique code acts like a digital address, ensuring that your funds reach the right bank and branch without errors, making transactions smooth and secure.
Branch Details
Here are the key details for the Bihar Gramin Bank, Baghopur branch:
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Baghopur |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3941 |
| Branch Address | Baghopur, Samastipur, 848117 |
| Contact Number | 9955997847 |
| City | Samastipur |
| District | Samastipur |
| Pincode | 848117 |
| State | Bihar |
Merger Update: Bihar Gramin Bank and its IFSC Code
Bihar Gramin Bank, like other Regional Rural Banks (RRBs) in the state, has undergone significant changes to streamline its operations. Previously, there were distinct entities such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These banks have now merged to form the single entity known as Bihar Gramin Bank.
This merger means that all branches, including Baghopur, now operate under a unified system. The IFSC code for Bihar Gramin Bank is now consistent across all its branches: PUNB0MBGB06. This code is issued and sponsored by Punjab National Bank (PUNB), which is the primary sponsor bank for Bihar Gramin Bank.
It is crucial for anyone conducting financial transactions to understand that any old IFSC codes previously used for UBGB or DBGB branches are no longer valid. For any transfers to or from the Bihar Gramin Bank Baghopur branch, or any other Bihar Gramin Bank branch, you must use only the new, standardized IFSC code: PUNB0MBGB06. Using an outdated code will cause your transaction to fail.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. This code is vital for electronic fund transfers.
The structure of an IFSC code is specific:
- The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
- The fifth character is always zero (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely points to a particular branch of Bihar Gramin Bank under the Punjab National Bank sponsorship.
Understanding this structure helps ensure you are using the correct code for your transactions.
How to Use an IFSC Code
Using the IFSC code is straightforward when you are making electronic fund transfers. Here’s a general guide for NEFT, RTGS, and IMPS:
- Gather Beneficiary Details: You will need the recipient’s bank account number, their name, and the specific IFSC code of their bank branch (in this case, PUNB0MBGB06 for Bihar Gramin Bank Baghopur).
- Access Your Banking Platform: Log in to your internet banking portal or mobile banking application.
- Select Fund Transfer Option: Choose the option for NEFT, RTGS, or IMPS, depending on your needs. For instance, RTGS is typically used for high-value transfers (above Rs. 2 lakhs).
- Add Beneficiary: If you haven’t transferred to this person before, you will need to add them as a new beneficiary. Input their name, account number, and the IFSC code. The system will usually automatically fetch the bank and branch name once the IFSC is entered.
- Enter Amount: Specify the amount you wish to transfer.
- Confirm Transaction: Review all the details carefully, especially the account number and IFSC code, before confirming the transfer. Any mismatch can lead to delays or incorrect transfers.
Always double-check the IFSC code to prevent any issues with your transaction.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for your bank branch offers several key advantages:
- Enables Electronic Transfers: It is absolutely necessary for initiating NEFT, RTGS, and IMPS transactions, allowing for quick and efficient money movement.
- Ensures Accuracy: The unique nature of the code reduces the chance of funds being sent to the wrong bank or branch.
- Saves Time: With the correct code, transfers are processed smoothly, avoiding delays that can occur due to incorrect information.
- Simplifies Transactions: It streamlines the process of adding beneficiaries and making payments through online banking platforms.
- Facilitates Online Shopping and Bill Payments: Many online payment gateways and bill payment services require an IFSC code for direct bank transfers.
Contact Information
For inquiries related to the Bihar Gramin Bank Baghopur branch or the bank’s head office, you can use the following contact details:
- Baghopur Branch Phone Number: 9955997847
- Baghopur Branch Address: Baghopur, Samastipur, 848117, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number (General Inquiries): 18001807777
Frequently Asked Questions (FAQs)
What is the IFSC code for Bihar Gramin Bank Baghopur branch?
The IFSC code for Bihar Gramin Bank Baghopur branch is PUNB0MBGB06. This code is unique to this branch for all electronic fund transfers.
Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank branches?
Yes, following the merger and standardization, PUNB0MBGB06 is the unified IFSC code used across all branches of Bihar Gramin Bank. Any older IFSC codes for former entities like UBGB or DBGB are no longer valid.
Can I transfer money to Bihar Gramin Bank Baghopur using NEFT without an IFSC code?
No, an IFSC code is mandatory for all NEFT, RTGS, and IMPS transactions. It identifies the exact bank branch where the funds need to be credited.
Why does the IFSC code start with “PUNB” if the bank is Bihar Gramin Bank?
Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PUNB). The “PUNB” prefix in the IFSC code indicates its sponsoring bank, which oversees and supports its operations for specific banking functions, including electronic transactions.
What should I do if my electronic transfer fails due to an incorrect IFSC code?
If your transfer fails, the funds are typically returned to your account within a few hours or days. You should re-verify the beneficiary’s IFSC code and account number. Always confirm the correct IFSC code, PUNB0MBGB06, for Bihar Gramin Bank branches before retrying the transaction.
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.