Bihar Gramin Bank Khalispur IFSC Code

The Khalispur branch of Bihar Gramin Bank in Samastipur, Bihar, serves as a vital financial hub for the local community. For anyone looking to send or receive money electronically, understanding the Indian Financial System Code (IFSC) is crucial. This unique 11-character alphanumeric code is essential for all online fund transfers, including transactions made through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It acts like a digital address, ensuring your money reaches the correct bank and branch without error.

Bihar Gramin Bank Khalispur Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Khalispur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3918
Branch Address	Khalispur, Samastipur, 848505, 9955997823
Contact Number	9955997823
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848505
State	Bihar

Merger Update for Regional Rural Banks in Bihar

The Khalispur branch of Bihar Gramin Bank, with its IFSC code PUNB0MBGB06, operates under the framework of Regional Rural Banks (RRBs) sponsored by Punjab National Bank (PNB). It is important for customers to be aware of the ongoing consolidation in the banking sector.

Historically, there were multiple RRBs in Bihar. For instance, if a branch was previously under the Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), please note that these banks have undergone mergers and their operations have been streamlined. As part of this consolidation, the unified IFSC code for such consolidated entities, now operating under Punjab National Bank’s sponsorship, is PUNB0MBGB06.

This means that any old IFSC codes specifically belonging to UBGB or DBGB are no longer valid for financial transactions. To ensure your funds are transferred successfully, it is crucial to always use the current and valid IFSC code, PUNB0MBGB06, for all your digital transfers.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code used to identify bank branches participating in online fund transfers in India. It is a unique identifier assigned by the Reserve Bank of India (RBI) to each bank branch.

The structure of an IFSC code is standard across all banks:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always zero (0). This character is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the Madhya Bihar Gramin Bank and the specific branch (Khalispur in this case, where ’06’ likely refers to a specific internal branch identifier).

How to Use an IFSC Code for Fund Transfers

Using the IFSC code is a straightforward process when initiating online fund transfers via NEFT, RTGS, or IMPS. Here are the general steps:

1. Log in to your Net Banking or Mobile Banking App: Access your online banking portal using your credentials.
2. Select the “Fund Transfer” Option: This is usually found under menu options like “Payments,” “Transfers,” or “Send Money.”
3. Add a New Beneficiary (if not already added): If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This typically involves providing their name, account number, account type (savings or current), and the bank’s IFSC code.
4. Enter Beneficiary Details: Provide the beneficiary’s bank account number, confirm it by re-entering, and input the correct IFSC code (PUNB0MBGB06 for Khalispur branch). The system will usually auto-populate the bank name and branch name once the IFSC is entered correctly.
5. Enter the Amount and Select Transfer Type: Input the amount you wish to transfer and choose your preferred transfer method:
   • NEFT (National Electronic Funds Transfer): Suitable for transfers of any amount, processed in batches.
   • RTGS (Real Time Gross Settlement): Best for large value transactions (typically 2 lakh rupees and above), processed individually and in real-time.
   • IMPS (Immediate Payment Service): For instant transfers, available 24/7, suitable for smaller amounts.
6. Confirm and Authenticate: Review all the details carefully, then confirm the transfer using an OTP (One Time Password) or transaction password provided by your bank.

Benefits of Knowing Your IFSC Code

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

• Ensures Accurate Transfers: It guarantees that your money is transferred to the correct beneficiary bank and branch, minimizing the risk of funds going to the wrong account.
• Facilitates Online Transactions: Essential for using services like NEFT, RTGS, and IMPS, enabling fast and secure electronic fund transfers.
• Required for Bill Payments: Many online bill payment platforms and e-commerce websites may ask for the IFSC code when setting up bank account details for payments or refunds.
• Saves Time and Effort: Avoids the need to visit a physical bank branch for every transaction, offering convenience and efficiency.
• Aids in Bank Account Management: Useful for linking your bank account to various financial apps, investment platforms, or for receiving government benefits.

Contact Information

For inquiries related to the Khalispur branch of Bihar Gramin Bank, or for general assistance, you can use the following contact details:

Branch Phone Number: 9955997823
Branch Address: Khalispur, Samastipur, 848505, Bihar

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

Toll-Free Number (Punjab National Bank Sponsored RRBs): 18001807777

Frequently Asked Questions (FAQs)

1. Is the IFSC code PUNB0MBGB06 only for the Khalispur branch?

No, the last six digits of an IFSC code specifically identify a particular branch. So, PUNB0MBGB06 is unique to the Khalispur branch of Bihar Gramin Bank (operating under Madhya Bihar Gramin Bank structure, sponsored by PNB). Other branches will have different last six digits, even if the first five characters are the same.

2. What if I use an incorrect IFSC code for a transaction?

If you enter an incorrect IFSC code, the transaction will likely fail and the funds will not be debited from your account. In some rare cases, if the incorrect IFSC code corresponds to another valid branch and account number, the money might be transferred to the wrong recipient. Always double-check the IFSC code before confirming any transfer.

3. Can I find the IFSC code on my passbook or chequebook?

Yes, the IFSC code is typically printed on the first page of your bank passbook and on the top left corner of every cheque leaf in your chequebook. You can also find it on your bank’s official website or through online IFSC search portals.

4. Is the MICR code also necessary for online transfers?

No, the MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. For online fund transfers like NEFT, RTGS, and IMPS, only the IFSC code, beneficiary account number, and bank name are required.

5. Why does the IFSC code start with “PUNB” if the bank name is Bihar Gramin Bank?

“PUNB” indicates that Punjab National Bank is the sponsoring bank for this Regional Rural Bank. Regional Rural Banks (RRBs) like Bihar Gramin Bank (or Madhya Bihar Gramin Bank, as reflected in the IFSC) are jointly owned by the Government of India, the State Government, and a Sponsor Bank. The IFSC code reflects the sponsor bank’s identifier to maintain a unified system.