Bihar Gramin Bank Ghataho IFSC Code

In the heart of Samastipur district, Bihar, lies the Ghataho branch of Bihar Gramin Bank. When you need to send money electronically to or from this branch, understanding its Indian Financial System Code (IFSC) is crucial. This unique 11-character code is essential for various digital money transfer services like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures your funds reach the correct bank and branch without any errors.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Ghataho
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3910
Branch Address	Ghataho, Samastipur, 848116, 9955997870
Contact Number	9955997870
City	Samastipur
District	Samastipur
Pincode	848116
State	Bihar

Merger Update for Bihar Gramin Bank

Over time, several regional rural banks in Bihar have undergone mergers and restructuring to enhance their services and operational efficiency. Bihar Gramin Bank, including its Ghataho branch, now operates under the consolidated structure of a larger entity that is sponsored by Punjab National Bank. This means that previous individual IFSC codes used by various regional rural banks in Bihar, such as those that might have been associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) before their integration into a unified system, are no longer valid for transactions.

For all transactions involving the Ghataho branch of Bihar Gramin Bank, the single, unified IFSC code PUNB0MBGB06 must be used. It is important to remember that any older IFSC codes are revoked and will not work for electronic fund transfers. Always use PUNB0MBGB06 to ensure your transactions are processed smoothly and correctly.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code. It’s used to identify every bank branch participating in electronic funds transfers within India. Think of it as a digital address for a specific bank branch.

The code follows a specific structure:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a “0” (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. For PUNB0MBGB06, “MBGB06” points to the specific regional rural bank’s branch.

This systematic structure helps the banking system direct funds accurately to the intended recipient’s branch.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you’re setting up an electronic fund transfer:

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

1. Log in to your internet banking portal or mobile banking app.
2. Select the option for “Funds Transfer” or “Payments.”
3. Choose “NEFT” or “RTGS” depending on the amount and urgency.
4. Add a new beneficiary (if you haven’t transferred to them before). You’ll need the following details:
   • Beneficiary’s Name
   • Beneficiary’s Account Number (confirm this twice for accuracy)
   • Beneficiary’s Bank Name (Bihar Gramin Bank)
   • Beneficiary’s IFSC Code (PUNB0MBGB06 for Ghataho branch)
   • Account Type (Savings, Current, etc.)
5. After adding and verifying the beneficiary, proceed to initiate the transfer, entering the amount you wish to send.

For IMPS (Immediate Payment Service):

1. Access your mobile banking app or internet banking.
2. Select “IMPS Transfer.”
3. You will typically be asked for:
   • Beneficiary’s Account Number
   • Beneficiary’s IFSC Code (PUNB0MBGB06)
   • Amount
4. Confirm the details and proceed with the payment. IMPS transactions are processed instantly.

Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong account.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, Ghataho branch, offers several important benefits:

• Accurate Fund Transfers: It ensures that your money is sent to the precise bank and branch, minimizing the risk of errors or delays.
• Faster Processing: Electronic transfers like NEFT, RTGS, and IMPS rely heavily on the IFSC code for quick processing.
• Convenience: You can transfer funds from anywhere at any time using online banking platforms, without needing to visit a physical branch.
• Security: The structured nature of the IFSC code adds a layer of security to transactions, making them traceable and reliable.
• Mandatory for Online Transactions: It is a compulsory requirement for initiating any inter-bank electronic fund transfer in India.

Contact Information

For any inquiries related to the Ghataho branch or general banking services, you can reach out using the following contact details:

• Branch Phone Number: 9955997870
• Branch Address: Ghataho, Samastipur, 848116, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are answers to some common questions about Bihar Gramin Bank and its IFSC code:

Q1: Is PUNB0MBGB06 the correct IFSC code for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is specifically for the Ghataho branch. While many branches of the consolidated Bihar Gramin Bank entity might share the “PUNB0MBGB” prefix, the last six characters will differ for each specific branch. Always verify the exact IFSC code for the particular branch you are dealing with.

Q2: What is the difference between IFSC and MICR code?
A2: The IFSC (Indian Financial System Code) is an 11-character code used for online fund transfers like NEFT, RTGS, and IMPS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code, usually found on cheque leaves, used primarily for processing physical cheques. Both are unique identifiers for bank branches but serve different purposes.

Q3: Can I use an old IFSC code if I still have it from before the merger?
A3: No. Following the merger and consolidation, any old IFSC codes previously associated with regional rural banks in Bihar (including those that formed the current Bihar Gramin Bank structure) are revoked. You must use the new, updated IFSC code PUNB0MBGB06 for the Ghataho branch for all electronic transactions.

Q4: What if I enter the wrong IFSC code during a transaction?
A4: If you enter an incorrect IFSC code, the transaction will likely fail or be rejected by the system. In some rare cases, if the incorrect IFSC code corresponds to another valid branch and bank, the funds might be credited to the wrong account. It’s crucial to always double-check the IFSC code along with the account number to prevent such issues.

Q5: How can I find the IFSC code for other Bihar Gramin Bank branches?
A5: You can find the IFSC code for other branches on the bank’s official website, through your net banking portal, by checking your cheque book, or by visiting the specific branch in person. Many reliable financial portals also list IFSC codes, but it’s always best to cross-reference with official sources.