Bihar Gramin Bank Mohiuddinnagar IFSC Code

This article focuses on the Bihar Gramin Bank branch located in Mohiuddinnagar, a town within the Samastipur district of Bihar. Understanding the Indian Financial System Code, or IFSC, is crucial for anyone needing to transfer funds electronically. This unique code allows for smooth and secure transactions through systems like NEFT, RTGS, and IMPS, ensuring money reaches the correct bank and branch quickly.

Bank Name	Bihar Gramin Bank
Branch Name	Mohiuddinnagar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3953
Branch Address	Mohiuddinnagar, Samastipur, 848501, 9955997860
Contact Number	9955997860
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848501
State	Bihar

Merger Update

Bihar Gramin Bank was formed after the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both banks have now merged into a single entity, Bihar Gramin Bank, which operates under the sponsorship of Punjab National Bank.

Because of this merger, all previous IFSC codes belonging to UBGB and DBGB are no longer valid. For any fund transfers to or from the Mohiuddinnagar branch of Bihar Gramin Bank, you must use the new and only valid IFSC code: PUNB0MBGB06. Using an old IFSC code will cause your transaction to fail.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers within India. This code is essential for all electronic money transfer systems like NEFT, RTGS, and IMPS.

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

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin 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. In PUNB0MBGB06, “MBGB06” identifies the Mohiuddinnagar branch.

This unique combination ensures that your funds are directed to the correct bank and branch without error.

How to Use an IFSC Code

Using an IFSC code for online fund transfers is a straightforward process. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log In: Access your net banking account or mobile banking app.
2. Select Transfer Option: Choose the option for fund transfer, usually labeled “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter Beneficiary Details: Provide the beneficiary’s full name, account number, bank name (Bihar Gramin Bank), and the correct IFSC code (PUNB0MBGB06). You might also need to confirm the account number.
5. Specify Amount: Enter the amount you wish to transfer.
6. Review and Confirm: Double-check all the details, especially the account number and IFSC code, to ensure accuracy. Mistakes can lead to funds being sent to the wrong account.
7. Authorize Transaction: Complete the transaction using your password, PIN, or OTP (One-Time Password).

For NEFT and RTGS, transfers are processed in batches or at specific intervals. IMPS offers instant transfers 24/7.

Benefits of Knowing Your IFSC Code

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

• Facilitates Online Transfers: It is absolutely necessary for sending or receiving money through NEFT, RTGS, and IMPS.
• Ensures Accuracy: The unique code directs funds to the precise branch, reducing errors in transactions.
• Speeds Up Transactions: Correct IFSC codes help process electronic transfers quickly and efficiently.
• Required for Bill Payments: Many online bill payments and merchant transactions also require an IFSC code.
• Useful for Government Schemes: If you receive benefits or subsidies directly into your bank account, the IFSC is often needed for verification.

Contact Information

For any banking inquiries related to the Mohiuddinnagar branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9955997860
• Branch Address: Mohiuddinnagar, Samastipur, 848501
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and Bihar Gramin Bank:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, each branch of Bihar Gramin Bank has a unique IFSC code. While the first four characters (PUNB) and the fifth character (0) will be the same across all branches, the last six characters will differ for each specific branch, like “MBGB06” for Mohiuddinnagar.

Q2: What happens if I use an incorrect IFSC code for a transfer?
A2: If you use an incorrect IFSC code, your transaction will likely fail. The system will detect that the code does not match the beneficiary’s bank or branch, and the funds will not be transferred. In some cases, if the incorrect code belongs to another valid branch and the account number matches, funds might be sent to the wrong recipient, which is why double-checking is crucial.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on the first page of your bank passbook and on cheque leaves issued by the bank. It’s usually found near the branch address or other bank details.

Q4: What is the difference between NEFT, RTGS, and IMPS?
A4: All three are electronic fund transfer methods, but they differ in speed and settlement. NEFT (National Electronic Funds Transfer) processes transactions in batches during specific hours. RTGS (Real-Time Gross Settlement) is for high-value transfers, processed individually and instantly. IMPS (Immediate Payment Service) allows instant, 24/7 transfers, typically for smaller amounts, using mobile banking or internet banking.

Q5: Who sponsors Bihar Gramin Bank?
A5: Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). This means PNB provides financial and operational support to the rural bank, which is why the IFSC codes for Bihar Gramin Bank branches often start with “PUNB”.