Bihar Gramin Bank Halaihat IFSC Code

The Bihar Gramin Bank’s Halaihat branch, located in Samastipur, Bihar, serves as a vital financial touchpoint for the local community. When you need to transfer funds electronically, understanding the Indian Financial System Code (IFSC) is essential. This unique 11-character code is crucial for secure and efficient transactions via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service), ensuring your money reaches the correct recipient branch without delays.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Halaihat
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3902
Branch Address	Halaihat, Samastipur, 848505
Contact Number	9955997817
City	Samastipur
District	Samastipur
Pincode	848505
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. It was formed as a result of a significant merger of Uttar Bihar Gramin Bank and Madhya Bihar Gramin Bank in 2019. Following this merger, all branches, including Halaihat, now operate under a unified system with a single IFSC code format sponsored by Punjab National Bank. The IFSC code PUNB0MBGB06 is used for all transactions involving Bihar Gramin Bank. It is important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank (UBGB) or Madhya Bihar Gramin Bank (MBGB) are no longer valid. For any electronic fund transfers to or from the Halaihat branch, you must use PUNB0MBGB06 to ensure the transaction is successful.

What is an IFSC Code?

The IFSC code stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in electronic funds transfers. This code is crucial for directing your money to the right place. The structure of the IFSC code follows a specific pattern:

• The first four characters are alphabetic and represent the bank’s name. For example, “PUNB” indicates Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and remains constant across all IFSC codes.
• The last six characters are alphanumeric and identify the specific bank branch. In the case of PUNB0MBGB06, “MBGB06” identifies a particular branch within the Bihar Gramin Bank network, specifically related to its origin as Madhya Bihar Gramin Bank’s successor branches.

How to Use an IFSC Code

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

When you want to send money using services like NEFT, RTGS, or IMPS, you will usually follow these steps:

• Add Beneficiary: First, you need to add the recipient (beneficiary) to your bank account’s online banking or mobile banking platform.
• Enter Bank Details: During this process, you will be asked for the beneficiary’s bank name, account number, account holder’s name, and the IFSC code of their bank branch.
• Initiate Transfer: Once the beneficiary is added and verified, you can select them, enter the amount you wish to send, choose the transfer type (NEFT, RTGS, or IMPS), and confirm the transaction.
• Physical Forms: If you are filling out a physical NEFT or RTGS form at your bank, you will write down the beneficiary’s bank name, account number, and the specific IFSC code in the designated fields.

Always double-check the IFSC code and account number to prevent transferring money to the wrong recipient.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for a beneficiary’s branch, offers several benefits:

• Enables Electronic Transfers: It is the primary key for all major electronic fund transfer systems like NEFT, RTGS, and IMPS, making money transfers fast and convenient.
• Ensures Accuracy: The unique code helps route transactions to the precise bank branch, reducing errors and ensuring your money reaches the intended recipient safely.
• Faster Processing: Transactions initiated with the correct IFSC code are processed quickly, especially for IMPS and RTGS, which offer near real-time transfers.
• Online Banking Convenience: It simplifies the process of adding beneficiaries and making payments through online and mobile banking applications.
• Security: The structured nature of the code adds a layer of security by uniquely identifying each financial institution and branch.

Contact Information

• Halaihat Branch Phone Number: 9955997817
• Halaihat Branch Address: Halaihat, Samastipur, 848505, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: Yes, after the merger, all branches of Bihar Gramin Bank, including Halaihat, now use IFSC codes starting with “PUNB0MBGB” which is sponsored by Punjab National Bank. The last few characters may differ for specific branches, but the overall structure and sponsorship remain consistent across the bank.

Q2: What should I do if I previously used an old Uttar Bihar Gramin Bank (UBGB) IFSC code?
A2: You must update your records and use the new IFSC code, such as PUNB0MBGB06, for any future transactions involving Bihar Gramin Bank. Old UBGB or Madhya Bihar Gramin Bank (MBGB) IFSC codes are no longer valid for electronic transfers.

Q3: Can I find the IFSC code on my cheque book?
A3: Yes, the IFSC code is usually printed on your cheque book. It is typically found on the top left corner of the cheque leaf, next to the bank name and address. You can also find it on your bank passbook or through your bank’s official website.

Q4: What is the difference between IFSC and MICR codes?
A4: Both are unique codes, but they serve different purposes. The IFSC code (Indian Financial System Code) is used for electronic fund transfers (NEFT, RTGS, IMPS). The MICR code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing cheques. The MICR code helps in faster and error-free processing of paper-based transactions.

Q5: Is there any charge for using NEFT or RTGS with an IFSC code?
A5: The Reserve Bank of India (RBI) has removed charges for NEFT and RTGS transactions initiated online. However, some banks may still levy a small fee for transactions done physically at a branch. It’s best to check with your specific bank for their current fee structure.