Bihar Gramin Bank Dharampur Bande IFSC Code

The Bihar Gramin Bank branch located in Dharampur Bande, Samastipur, Bihar, serves a vital role for its community. For anyone looking to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code acts like a unique digital address for bank branches, making sure that funds transferred through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) reach the correct bank account quickly and securely. Without the correct IFSC, these digital transactions cannot be completed.

Bihar Gramin Bank Dharampur Bande Branch Details

Here are the important details for the Bihar Gramin Bank branch in Dharampur Bande:

Bank Name	Bihar Gramin Bank
Branch Name	Dharampur Bande
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3991
Branch Address	Dharampur Bande, Samastipur, 848504
Contact Number	9523098566
City	Samastipur
District	Samastipur
Pincode	848504
State	Bihar

Merger Update for Bihar Gramin Bank

It is important to note a significant change regarding the structure of Bihar Gramin Bank. The bank was formed through the merger of two older regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, Bihar Gramin Bank now functions under the sponsorship of Punjab National Bank (PNB).

Due to this merger and the new sponsorship, a unified IFSC code has been introduced for all branches of Bihar Gramin Bank. The current and only valid IFSC code for the Dharampur Bande branch, and indeed all Bihar Gramin Bank branches, is PUNB0MBGB06. If you previously held an account with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, any old IFSC codes associated with those former banks are now revoked and are no longer valid for any transactions. Always use PUNB0MBGB06 for all your fund transfers to or from this branch.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code that helps identify individual bank branches in India. It’s designed to ensure that online money transfers like NEFT, RTGS, and IMPS go to the correct destination without any errors.

The 11 characters of an IFSC code are structured in a specific way:

• The first four characters represent the bank name. For Bihar Gramin Bank, the first four characters are "PUNB", indicating its affiliation with Punjab National Bank, its sponsor bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between the bank code and the branch code.
• The last six characters identify the specific bank branch. For the Dharampur Bande branch, these are "MBGB06".

So, for PUNB0MBGB06:

• PUNB: Represents Punjab National Bank (the sponsor bank for Bihar Gramin Bank).
• 0: A control character.
• MBGB06: Uniquely identifies the Dharampur Bande branch of Bihar Gramin Bank.

How to Use the IFSC Code

You will need the IFSC code whenever you perform an electronic funds transfer. Here’s how it’s used in common scenarios:

• For NEFT (National Electronic Funds Transfer): When you want to send money using NEFT, you’ll need the recipient’s bank account number, their name, and the IFSC code of their bank branch. The bank uses this code to route your money to the correct branch.
• For RTGS (Real Time Gross Settlement): Similar to NEFT, RTGS transactions require the recipient’s account details and the specific IFSC code. RTGS is generally used for larger value transactions and processes them individually, in real-time.
• For IMPS (Immediate Payment Service): IMPS allows for instant money transfers 24/7. When initiating an IMPS transfer, you typically need the recipient’s mobile number and MMID (Mobile Money Identifier) or their account number and the IFSC code.

In each of these cases, inputting the correct IFSC code ensures that your funds are transferred accurately and without delay to the intended recipient’s account at the Dharampur Bande branch of Bihar Gramin Bank.

Benefits of Knowing Your IFSC Code

Understanding and having easy access to your branch’s IFSC code offers several key advantages:

• Ensures Accurate Transfers: It guarantees that your money is sent to the precise bank branch you intend, preventing misdirected funds.
• Facilitates Fast Transactions: Correct IFSC codes are crucial for the smooth and quick processing of NEFT, RTGS, and IMPS transfers, allowing funds to reach their destination without unnecessary delays.
• Boosts Security: By uniquely identifying each branch, the IFSC system adds a layer of security to electronic transactions, reducing the risk of fraud.
• Necessary for Online Banking: Most online banking platforms and mobile payment apps require the IFSC code for setting up new beneficiaries or initiating transfers.
• Simplifies International Remittances: While SWIFT codes are used for international transfers, the IFSC code is essential once funds reach India for directing them to the correct local branch.

Contact Information

Should you need to get in touch with Bihar Gramin Bank:

• Dharampur Bande Branch Phone: 9523098566
• Dharampur Bande Branch Address: Dharampur Bande, Samastipur, 848504, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is specific to the Dharampur Bande branch. While the first four characters "PUNB" and the fifth character "0" are common for Bihar Gramin Bank due to its PNB sponsorship, the last six characters "MBGB06" uniquely identify the Dharampur Bande branch. Each Bihar Gramin Bank branch will have its own unique last six characters.

Q2: What happens if I use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A2: If you use an old IFSC code from the former Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), your transaction will likely fail. All old codes have been revoked after the merger that formed Bihar Gramin Bank. It is crucial to use only the new, updated IFSC codes, such as PUNB0MBGB06 for the Dharampur Bande branch.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on your bank’s passbook and on the top left side of your chequebook leaf. It’s a standard practice for banks to display this essential information for customer convenience.

Q4: Do I need the IFSC code for cash deposits or withdrawals at the branch?
A4: No, you do not need the IFSC code for direct cash deposits or withdrawals made in person at the bank branch. The IFSC code is specifically required for electronic fund transfers (NEFT, RTGS, IMPS) when money is moved between different bank branches.

Q5: What is the main difference between an IFSC code and a MICR code?
A5: An IFSC code (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers like NEFT, RTGS, and IMPS, uniquely identifying a bank branch. A MICR code (Magnetic Ink Character Recognition) is a 9-digit numerical code printed on cheque leaves using special magnetic ink. It is primarily used for processing cheques faster and more securely.