Bihar Gramin Bank Ilmasnagar IFSC Code

The Bihar Gramin Bank branch in Ilmasnagar, located in the Samastipur district of Bihar, serves as an important financial hub for the local community. When you need to send or receive money electronically, understanding the bank’s Indian Financial System Code (IFSC) is crucial. This unique 11-character code is essential for all online fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It ensures your money reaches the correct bank and branch without any issues.

Branch Details

Below are the specific details for the Bihar Gramin Bank branch in Ilmasnagar:

Bank Name	Bihar Gramin Bank
Branch Name	Ilmasnagar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3972
Branch Address	Ilmasnagar, Samastipur, 848117
Contact Number	9955997891
City	Samastipur
District	Samastipur
Pincode	848117
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) that operates under the sponsorship of Punjab National Bank (PNB). Historically, there have been several mergers among Regional Rural Banks in Bihar to streamline operations and offer better services. For instance, institutions like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), among others, have been part of these consolidation efforts. As a result, many of these merged entities now fall under a unified structure, with Punjab National Bank providing the sponsorship.

The Ilmasnagar branch of Bihar Gramin Bank uses the IFSC code PUNB0MBGB06. This code reflects its consolidated identity under Punjab National Bank’s umbrella. It is important to note that any old IFSC codes previously associated with entities like UBGB or DBGB for branches that are now part of the wider Bihar Gramin Bank network have been revoked. For any transactions involving this branch, or indeed any other branch under the consolidated Bihar Gramin Bank structure, only the new and unified IFSC code, such as PUNB0MBGB06, is valid. Always use this specific code for accurate fund transfers.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code. It identifies every bank branch in India participating in online fund transfer systems like NEFT, RTGS, and IMPS. Think of it as a specific address for a bank branch in the digital banking world.

The code is structured in a clear way:

• The first four characters represent the bank name. For PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always ‘0’ (zero). This is kept for future use.
• The last six characters identify the specific branch. In this case, ‘MBGB06’ points to the particular branch, which for Bihar Gramin Bank Ilmasnagar, refers to the MBGB entity’s 06th branch or a specific region code ending in 06.

This systematic structure helps ensure that funds are directed to the correct recipient bank branch quickly and accurately.

How to Use IFSC Code

Using the IFSC code is a straightforward process for various digital transactions. Here’s how it works for common fund transfer methods:

For NEFT (National Electronic Funds Transfer):

1. Log in to your bank’s online banking portal or mobile app.
2. Select the “Fund Transfer” option.
3. Choose “NEFT” as the transfer type.
4. Add a new beneficiary. You will need the beneficiary’s name, account number, bank name, and the IFSC code (PUNB0MBGB06 for Ilmasnagar branch).
5. Once the beneficiary is added and approved (which might take a few hours for security reasons), you can initiate the transfer by entering the amount.

For RTGS (Real Time Gross Settlement):

1. Access your internet banking platform.
2. Go to the “Fund Transfer” section and select “RTGS.”
3. Provide the beneficiary details: name, account number, bank name, and the IFSC code (PUNB0MBGB06).
4. Enter the amount you wish to transfer. RTGS is typically used for large value transactions, usually above Rs. 2 lakh.
5. Confirm the transaction. Funds are transferred in real-time.

For IMPS (Immediate Payment Service):

1. Open your mobile banking app or internet banking site.
2. Select “IMPS” for instant fund transfer.
3. Enter the beneficiary’s account number and the IFSC code (PUNB0MBGB06), or their mobile number and MMID (Mobile Money Identifier).
4. Input the transfer amount.
5. Confirm the transaction. Funds are credited instantly, even on holidays.

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

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, Ilmasnagar, offers several advantages:

• Seamless Online Transfers: It enables quick and accurate electronic fund transfers via NEFT, RTGS, and IMPS, saving you time and effort.
• Error Prevention: The unique code helps prevent misdirection of funds, ensuring your money reaches the intended recipient and branch.
• Faster Processing: Transactions using IFSC codes are processed faster compared to traditional methods like cheques.
• Convenience: You can perform transactions from anywhere, anytime, using your internet banking or mobile banking services.
• Security: It adds a layer of security by uniquely identifying the destination branch, reducing the chances of fraud.
• Essential for Bill Payments: Many utility bill payments or online purchases requiring bank transfers also ask for the IFSC code.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank Ilmasnagar branch or general banking services, you can use the following contact details:

Branch Phone Number: 9955997891

Branch Address: Ilmasnagar, Samastipur, 848117, Bihar

Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number (Bihar Gramin Bank): 18001807777

FAQs

Q1: What is the IFSC code for Bihar Gramin Bank Ilmasnagar?

A1: The IFSC code for Bihar Gramin Bank, Ilmasnagar branch, is PUNB0MBGB06.

Q2: Is Bihar Gramin Bank sponsored by Punjab National Bank?

A2: Yes, Bihar Gramin Bank is a Regional Rural Bank sponsored by Punjab National Bank. This is why its IFSC code starts with ‘PUNB’.

Q3: Can I use an old IFSC code if I still have it from a previous merger?

A3: No. If your branch now falls under the current Bihar Gramin Bank structure, which uses IFSC codes like PUNB0MBGB06, any old IFSC codes from previously merged banks (like UBGB or DBGB) are no longer valid. Always use the updated IFSC code for all transactions.

Q4: What is the MICR code for Ilmasnagar branch?

A4: The MICR (Magnetic Ink Character Recognition) code for Bihar Gramin Bank, Ilmasnagar branch, is 800811002. This code is primarily used for processing cheques.

Q5: What types of transactions require an IFSC code?

A5: The IFSC code is required for all online fund transfers, including NEFT, RTGS, and IMPS. It is also often needed for setting up standing instructions, direct debits, or when providing your bank details for receiving payments.