Bihar Gramin Bank Morwa IFSC Code

The Bihar Gramin Bank branch in Morwa, Samastipur, Bihar, serves as a vital financial hub for residents and businesses in the region. Understanding its Indian Financial System Code (IFSC) is crucial for smooth and secure electronic fund transfers. The IFSC code acts like a unique digital address for each bank branch, making sure your money reaches the correct destination quickly when you use services like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS).

Bihar Gramin Bank Morwa Branch Details

Here are the specific details for the Bihar Gramin Bank branch located in Morwa:

Bank Name	Bihar Gramin Bank
Branch Name	Morwa
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3976
Branch Address	Morwa, Samastipur, 848121, 9955991584
Contact Number	9955991584
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848121
State	Bihar

Merger Update for Bihar Gramin Bank

Like many regional rural banks, Bihar Gramin Bank has undergone significant consolidation to streamline operations and offer better services. Currently, Bihar Gramin Bank operates under the sponsorship of Punjab National Bank (PNB). This means that for branches like Morwa, the IFSC code begins with PUNB0, indicating its connection to Punjab National Bank.

Previously, regional rural banks in Bihar, including former entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), had their own unique IFSC codes. However, as part of the consolidation efforts led by Punjab National Bank, these banks have merged or aligned their operations. This has led to a standardized IFSC code format. For example, the IFSC code PUNB0MBGB06 is now the official and valid code for many branches, including Morwa, under this unified structure.

It is important to understand that any old IFSC codes previously used by banks like UBGB or DBGB, or other predecessor regional rural banks now part of this PNB-sponsored structure, have been revoked. They are no longer valid for electronic transactions. Always use the new, consolidated IFSC code, such as PUNB0MBGB06, to ensure your fund transfers are successful and reach the intended recipient without delay.

What is an IFSC Code?

An IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in electronic funds transfer systems in India. This code is crucial for making sure your money goes to the right place.

The structure of an IFSC code is straightforward:

• The first four characters represent the bank’s name. For the Morwa branch, PUNB stands for Punjab National Bank.
• The fifth character is always a 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. For the Morwa branch, MBGB06 is the unique code for that particular location.

Knowing this structure helps you quickly identify the bank and branch associated with any IFSC code.

How to Use an IFSC Code for Fund Transfers

Using an IFSC code is simple once you understand the process for different electronic transfer methods:

For NEFT (National Electronic Funds Transfer)

NEFT is suitable for transferring any amount of money. Transactions are processed in batches throughout the day.

1. Log in to your bank’s online banking portal or mobile app.
2. Go to the “Fund Transfer” or “Payments” section.
3. Add a new beneficiary (recipient) if you haven’t already. You’ll need their name, account number, bank name, and the specific IFSC code (PUNB0MBGB06 for Bihar Gramin Bank Morwa).
4. Once the beneficiary is added, select them, enter the amount you wish to transfer, and confirm the transaction.

For RTGS (Real Time Gross Settlement)

RTGS is designed for large-value transactions, typically for amounts of two lakhs (200,000 INR) or more. Transfers are processed individually and in real-time.

1. Access your online banking or visit your bank branch.
2. Select the RTGS option for fund transfer.
3. Provide the beneficiary details: name, account number, bank name, and the IFSC code (PUNB0MBGB06).
4. Enter the amount and confirm the payment. The funds are usually credited to the beneficiary’s account within minutes.

For IMPS (Immediate Payment Service)

IMPS allows for instant, 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent transfers.

1. Open your bank’s mobile banking app or internet banking.
2. Choose the IMPS transfer option.
3. Enter the beneficiary’s Mobile Money Identifier (MMID) and mobile number, OR their account number and the IFSC code (PUNB0MBGB06).
4. Input the transfer amount and authorize the transaction. The funds are typically transferred immediately.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several practical advantages:

• Secure Transfers: It ensures that your money is directed to the exact bank and branch of the recipient, reducing the risk of funds going to the wrong account.
• Faster Processing: Correct IFSC codes help electronic fund transfer systems process transactions quickly and efficiently, especially for NEFT, RTGS, and IMPS.
• Unique Identification: Each branch has a distinct IFSC, making it a reliable way to identify any bank branch across India for financial transactions.
• Error Reduction: Using the precise IFSC code minimizes manual errors that could occur with handwritten details or less specific identifiers.
• Online Banking Access: Many online banking platforms require the IFSC code to set up new beneficiaries for various transactions.

Contact Information

If you need to get in touch with the Bihar Gramin Bank Morwa branch or the bank’s head office, here are the details:

• Branch Phone Number (Morwa): 9955991584
• Branch Address (Morwa): Morwa, Samastipur, 848121
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Service Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is Bihar Gramin Bank the same as Punjab National Bank?

A1: No, Bihar Gramin Bank is a Regional Rural Bank (RRB) that is sponsored by Punjab National Bank. This means PNB supports its operations, but Bihar Gramin Bank maintains its own identity and focuses on rural financial services. Their connection is why many of its IFSC codes, like PUNB0MBGB06, start with PUNB0.

Q2: Why does the IFSC code for Bihar Gramin Bank Morwa start with PUNB0?

A2: The IFSC code PUNB0MBGB06 starts with PUNB0 because Punjab National Bank is the sponsoring bank for Bihar Gramin Bank. This prefix indicates the primary banking entity overseeing the regional rural bank, ensuring standardized identification across the PNB-sponsored network.

Q3: Can I use an old IFSC code for a Bihar Gramin Bank branch if I still have it?

A3: No, it is strongly advised against using old IFSC codes. Due to mergers and consolidations, many old IFSC codes have been revoked and are no longer valid. Always use the most current IFSC code, such as PUNB0MBGB06 for the Morwa branch, to ensure your transactions are processed successfully and without delays or rejections.

Q4: What happens if I enter the wrong IFSC code during a fund transfer?

A4: If you enter an incorrect IFSC code, your fund transfer will likely be rejected by the banking system. The transaction will fail, and the money will not be debited from your account or will be returned to you. In rare cases, if the incorrect code somehow matches another valid branch, your funds could be sent to the wrong recipient, which would require a lengthy process to recover.

Q5: Is the MICR code also important for bank transactions?

A5: Yes, the MICR (Magnetic Ink Character Recognition) code is also important, primarily for clearing paper-based instruments like cheques. While the IFSC code is used for electronic transfers (NEFT, RTGS, IMPS), the MICR code (800811002 for Morwa) is found on cheque leaves and helps in the automated processing of cheques at clearing houses.