Bihar Gramin Bank Bingawan IFSC Code

This article provides details for the Bihar Gramin Bank branch located in Bingawan, Samastipur district, Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is crucial. This code is essential for various digital money transfers, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures that your funds reach the correct bank and branch without delays.

Branch Details

Here are the key details for the Bihar Gramin Bank, Bingawan branch:

Bank Name	Bihar Gramin Bank
Branch Name	Bingawan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3975
Branch Address	Bingawan, Samastipur, 848506, 9955991581
Contact Number	9955991581
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848506
State	Bihar

Merger Update

Previously, Bihar had various regional rural banks. Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were two such entities. These banks have since merged to form the current Bihar Gramin Bank.

As a result of this merger, all branches now operate under a single, unified IFSC code structure. The new IFSC code for Bihar Gramin Bank branches, including Bingawan, is PUNB0MBGB06. It is important to note that any old IFSC codes previously used for UBGB or DBGB branches have been revoked and are no longer valid for transactions. Always use the current PUNB0MBGB06 for all your fund transfers to ensure they are processed correctly.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in online money transfers.

Here’s how the IFSC code PUNB0MBGB06 is structured:

• The first four characters (PUNB) identify the bank. In this case, ‘PUNB’ stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This is a control character reserved for future use.
• The last six characters (MBGB06) identify the specific branch. ‘MBGB’ refers to “Mahanagar Bihar Gramin” or simply the regional rural bank, and ’06’ denotes the Bingawan branch.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you are making online fund transfers. Here’s how it works for common transaction types:

For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement):

1. Log in to your bank’s online banking portal or mobile app.
2. Go to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select ‘Add Beneficiary’ if you are sending money to this account for the first time.
4. Enter the beneficiary’s name, account number, account type (e.g., Savings, Current), and the IFSC code (PUNB0MBGB06 for Bingawan branch).
5. Once the beneficiary is added and approved, you can select them for your transfer and enter the amount.
6. For RTGS, the amount must typically be above a certain limit (e.g., ₹2 lakh).

For IMPS (Immediate Payment Service):

1. Log in to your mobile banking app.
2. Choose the IMPS option.
3. You will generally have two ways to transfer:
   • Using Account Number and IFSC: Enter the beneficiary’s account number and the IFSC code (PUNB0MBGB06).
   • Using Mobile Number and MMID: If the beneficiary has an MMID (Mobile Money Identifier) linked to their account, you can use their registered mobile number and MMID.
4. Enter the amount you wish to send. IMPS transactions are typically processed instantly.

Benefits of Knowing Your IFSC Code

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

• Accurate Fund Transfers: It ensures your money goes to the correct bank and specific branch, avoiding transaction failures or delays.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly.
• Essential for Online Banking: You need the IFSC to set up beneficiaries for online transfers and to receive money digitally.
• Helps with Bill Payments: Some online bill payment services or investment platforms may require an IFSC code for bank account verification.
• Reduces Errors: Using the right code minimizes the chance of errors in financial transactions, which can be time-consuming to resolve.

Contact Information

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

• Bingawan Branch Phone Number: 9955991581
• Bingawan Branch Address: Bingawan, Samastipur, 848506, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the IFSC code for Bihar Gramin Bank, Bingawan branch:

Q1: Is the IFSC code PUNB0MBGB06 only for the Bingawan branch?
A1: No, PUNB0MBGB06 is a general IFSC code used by many branches of Bihar Gramin Bank. While the last six characters identify specific branches within the system, Bihar Gramin Bank (post-merger) often uses this consolidated IFSC for several of its branches under the Punjab National Bank sponsorship. It’s always best to verify with your specific branch or bank statement if you are unsure.

Q2: Can I use an old IFSC code if I still have it from a previous bank?
A2: No. If your bank was part of the Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank before the merger, any old IFSC codes you had are now invalid. You must use the new consolidated IFSC code, PUNB0MBGB06, for all transactions involving Bihar Gramin Bank accounts.

Q3: How can I find the IFSC code for a different Bihar Gramin Bank branch?
A3: You can find IFSC codes on your bank’s passbook, cheque book, or by visiting the official website of Bihar Gramin Bank or Punjab National Bank. Many online banking portals also display the IFSC code for your account. You can also use various reliable third-party financial websites.

Q4: What happens if I use a wrong IFSC code during a transaction?
A4: If you use an incorrect IFSC code, the transaction will likely fail. The funds will typically be returned to your account within a few hours or business days. However, using a wrong but valid IFSC for a different branch can cause delays or misdirection of funds, requiring you to contact your bank for resolution.

Q5: Is the MICR code the same as the IFSC code?
A5: No, they are different. The IFSC (Indian Financial System Code) is for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code primarily used for processing physical cheques. The MICR code for Bingawan branch is 800811002.