Bihar Gramin Bank Ballipur IFSC Code

You’re looking for the essential banking details for the Bihar Gramin Bank branch located in Ballipur, Samastipur, Bihar. Understanding the Indian Financial System Code (IFSC) is crucial for anyone needing to transfer money electronically. This unique 11-character code is vital for secure and accurate online fund transfers, whether through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service). It ensures your money reaches the correct bank and branch without delays.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Ballipur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3904
Branch Address	Ballipur, Samastipur, 848117
Contact Number	9955997821
City	Samastipur
District	Samastipur
Pincode	848117
State	Bihar

Merger Update

The landscape of Regional Rural Banks (RRBs) in India, especially in Bihar, has seen various structural changes and mergers over time. These changes often lead to updates in bank names and their corresponding IFSC codes. While Bihar Gramin Bank operates as a distinct entity, it’s always important for customers to use the most current and verified IFSC code for their transactions. The IFSC code provided, PUNB0MBGB06, is the current valid code for the Ballipur branch.

What is an IFSC Code?

The IFSC Code is an 11-character alphanumeric code used to identify specific bank branches in India. It acts like a unique digital address for each branch.

It follows a standard structure:

• The first four characters are alphabetic and represent the bank’s name. For example, ‘PUNB’ stands for Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank (implied by ‘MBGB’ in the later part of the code).
• The fifth character is always a zero (‘0’). This character is reserved for future use.
• The last six characters are alphanumeric and identify the specific branch. For the Ballipur branch, this part is ‘MBGB06’.

This unique code ensures that funds are directed precisely to the intended branch, preventing errors in electronic transfers.

How to Use an IFSC Code

When you need to send money using NEFT, RTGS, or IMPS, you will typically need the following information:

1. Beneficiary’s Account Number: The bank account number of the person or entity you are sending money to.
2. Beneficiary’s Bank Name: The name of the bank where the beneficiary holds an account.
3. Beneficiary’s Branch Name: The specific branch of that bank.
4. Beneficiary’s IFSC Code: The 11-character code for that specific branch.
5. Beneficiary’s Name: The full name of the recipient.
6. Amount: The sum of money you wish to transfer.

For NEFT, RTGS, or IMPS transactions, you usually enter these details into your bank’s online banking portal or a mobile banking app. The system then uses the IFSC to identify the correct destination branch and complete the transfer securely. Always double-check the IFSC code before initiating a transfer to avoid sending money to the wrong account.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch offers several advantages:

• It ensures accurate and secure electronic fund transfers.
• It is mandatory for all NEFT, RTGS, and IMPS transactions.
• It helps in quickly identifying your specific bank and branch from anywhere in India.
• It streamlines online transactions, making them faster and more efficient.
• It helps avoid transaction failures or delays caused by incorrect banking details.

Contact Information

For assistance regarding the Ballipur branch or other banking services, you can use the following contact details:

• Branch Phone Number: 9955997821
• Branch Address: Ballipur, Samastipur, 848117, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about IFSC codes and banking:

Q1: Can I use the IFSC code from a different branch for my transfer?
A1: No, you should always use the specific IFSC code for the exact branch where the beneficiary holds their account. Using a different branch’s IFSC code, even within the same bank, can cause the transaction to fail or be delayed, and in some cases, the funds might be returned to you. The IFSC identifies a unique branch, not just the bank.

Q2: What should I do if my transaction fails due to an incorrect IFSC code?
A2: If a transaction fails because of an incorrect IFSC code, the funds are usually automatically reversed to your account within a few hours or one to two business days. You should then verify the correct IFSC code with the beneficiary and attempt the transfer again. Contact your bank’s customer service if the funds are not reversed in a reasonable timeframe.

Q3: Is the IFSC code the same as the MICR code?
A3: No, the IFSC code and the MICR (Magnetic Ink Character Recognition) code are different. The IFSC code is used for electronic fund transfers. The MICR code, a 9-digit numerical code, is mainly used for processing cheques. It helps identify the bank, city, and branch on cheque leaves for faster processing.

Q4: Where can I find the correct IFSC code for a bank branch?
A4: You can find the correct IFSC code on your bank’s official website, on your cheque book, or by contacting your bank’s customer service. Reliable third-party financial websites also list IFSC codes, but it’s always best to verify the information with the bank directly to ensure accuracy.

Q5: Do IFSC codes change over time?
A5: IFSC codes can change, especially if a bank merges with another bank, or if a branch is relocated or closed. If there are major changes like these, your bank will usually notify customers. It’s always a good practice to confirm the latest IFSC code, especially for important or recurring transactions.