Bihar Gramin Bank Baghra IFSC Code

When you need to send or receive money, especially in places like Baghra, Samastipur, Bihar, understanding how bank codes work is important. The Indian Financial System Code, or IFSC, acts like a unique digital address for every bank branch in India. Whether you’re using NEFT, RTGS, or IMPS for your fund transfers, having the correct IFSC code ensures your money reaches the right account safely and efficiently. This guide will help you understand the details for the Bihar Gramin Bank branch in Baghra.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Baghra
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3919
Branch Address	Baghra, Samastipur, 848506
Contact Number	9955997824
City	Samastipur
District	Samastipur
Pincode	848506
State	Bihar

Merger Update

For those familiar with rural banking in Bihar, it’s important to note a significant change. Earlier, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated separately. However, these banks have since merged to form the single entity known as Bihar Gramin Bank. Following this merger, all operations now fall under the sponsorship of Punjab National Bank.

This means that if you previously used an IFSC code belonging to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, those old codes are no longer valid for transactions. All financial transfers for Bihar Gramin Bank branches, including Baghra, now exclusively use the unified IFSC code: PUNB0MBGB06. Always use this new code to ensure your transactions are successful.

What is IFSC Code?

The IFSC code is an 11-character alphanumeric code. It uniquely identifies every bank branch in India that participates in online money transfers. Think of it as a specific address for a bank branch.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For Bihar Gramin Bank, this is “PUNB” because it is sponsored by Punjab National Bank.
• The fifth character is always a 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 bank branch. For the Baghra branch, these are “MBGB06”.

So, for Bihar Gramin Bank, Baghra branch, the full IFSC code is PUNB0MBGB06. This code ensures that your funds are directed to the correct branch, even if there are multiple branches of the same bank in a city.

How to Use IFSC Code

You will need the IFSC code for various types of electronic fund transfers. Here’s how it’s used:

• National Electronic Funds Transfer (NEFT): This system allows you to transfer money from one bank account to another across India. When initiating an NEFT transaction, you’ll need the beneficiary’s bank account number, their name, and the IFSC code of their bank branch. NEFT transactions are processed in batches throughout the day.
• Real Time Gross Settlement (RTGS): RTGS is designed for large-value transactions, typically for amounts of 2 lakh rupees or more. As the name suggests, transactions are processed individually and continuously in real time. Similar to NEFT, you’ll need the beneficiary’s account details and their bank branch’s IFSC code to ensure the funds are transferred instantly to the correct destination.
• Immediate Payment Service (IMPS): IMPS is a 24/7 service that allows instant interbank electronic fund transfers through mobile phones and internet banking. For IMPS, you might use either the beneficiary’s account number and IFSC code, or their mobile number and MMID (Mobile Money Identifier). The IFSC code is crucial for ensuring the transfer goes to the right bank and branch.

In all these methods, the IFSC code acts as a crucial identifier, ensuring accuracy and preventing misdirected funds.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for someone you’re sending money to, offers several advantages:

• Accurate Fund Transfers: It ensures your money goes to the exact intended bank branch, avoiding delays or wrong credits.
• Faster Transactions: With the correct IFSC, electronic fund transfers like NEFT, RTGS, and IMPS are processed smoothly and quickly.
• Security: The unique code adds an extra layer of verification, making online transactions more secure.
• Convenience: It simplifies the process of online banking and mobile banking, allowing you to manage your funds without needing to visit the bank physically.
• Mandatory for Online Banking: Most online banking platforms and mobile payment apps require the IFSC code for setting up new beneficiaries or initiating transfers.

Contact Section

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

Baghra Branch Contact:

Phone Number: 9955997824

Address: Baghra, Samastipur, 848506, Bihar

Bihar Gramin Bank Head Office:

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

Toll-Free Number:

For general inquiries or assistance, you can call: 18001807777

FAQs

Q1: Is the IFSC code PUNB0MBGB06 only for the Baghra branch?

A1: No, this specific IFSC code, PUNB0MBGB06, is the unified code for Bihar Gramin Bank branches under Punjab National Bank’s sponsorship. While the last six characters “MBGB06” are unique to the Baghra branch, the first five “PUNB0” signify the bank itself in this structure. Make sure you use the full 11-character code for the Baghra branch specifically.

Q2: What happens if I use an old UBGB or DBGB IFSC code?

A2: If you use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, your transaction will likely fail. This is because these codes have been revoked after the merger. Always use the new, unified IFSC code PUNB0MBGB06 for Bihar Gramin Bank transactions, including those for the Baghra branch.

Q3: Can I find the IFSC code on my passbook or cheque book?

A3: Yes, the IFSC code is typically printed on your bank’s passbook and on the top portion of your cheque leaves. It’s always a good idea to cross-reference it if you’re unsure.

Q4: Is the MICR code also important for online transfers?

A4: While the MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques, it is not required for online fund transfers like NEFT, RTGS, or IMPS. For electronic transfers, the IFSC code is the essential identifier.

Q5: What should I do if my online transfer fails due to an incorrect IFSC code?

A5: If your transfer fails because of an incorrect IFSC code, the funds will usually be reversed to your account within a few hours or one to two business days. You should then re-initiate the transaction using the correct IFSC code: PUNB0MBGB06 for the Baghra branch.