Musrigharari, a key area in Samastipur, Bihar, is home to a branch of Bihar Gramin Bank. If you need to send or receive funds electronically to or from this branch, understanding its IFSC (Indian Financial System Code) is essential. This unique code acts like a digital address, guiding online transactions such as NEFT, RTGS, and IMPS directly to the correct bank and branch, ensuring your money reaches its intended destination safely and efficiently.

Bihar Gramin Bank Musrigharari IFSC Code

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Musrigharari
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3962
Branch Address	Musrigharari, Samastipur, 848101
Contact Number	9955997871
City	Samastipur
District	Samastipur
State	Bihar
Pincode	848101

Merger Update

Previously, there were two distinct regional rural banks in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form a single entity known as Bihar Gramin Bank. Following this merger, all branches, including Musrigharari, now operate under the sponsorship of Punjab National Bank (PNB). As a result, *all* Bihar Gramin Bank branches, regardless of their former UBGB or DBGB affiliation, now use IFSC codes that begin with “PUNB0MBGB”. The old IFSC codes previously used by UBGB and DBGB branches are no longer valid for any transactions. It is crucial to use only the new, updated IFSC code, such as PUNB0MBGB06 for the Musrigharari branch, for all electronic fund transfers.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies every bank branch participating in online fund transfers within India. Its structure is very specific:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, sponsored by Punjab National Bank, this part is “PUNB”.
• The fifth character is always a “0” (zero). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, “MBGB06” points directly to the Musrigharari branch of Bihar Gramin Bank. These last six characters change from one branch to another within the same bank.

This unique code ensures that when you initiate an online transfer, your money is routed accurately to the intended recipient’s bank and branch.

How to Use an IFSC Code

The IFSC code is a mandatory detail when you need to transfer money electronically using services like NEFT, RTGS, or IMPS. Here’s how you generally use it:

1. Gather Beneficiary Details: Before starting any transfer, you will need the beneficiary’s full name, their bank account number, and the IFSC code of their specific bank branch (e.g., PUNB0MBGB06 for Musrigharari).
2. Log In: Access your internet banking portal or mobile banking app.
3. Select Transfer Type: Choose the type of fund transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): This system transfers funds in batches. It’s suitable for non-urgent transfers, typically processed within a few hours during business hours.
   • RTGS (Real Time Gross Settlement): Designed for large-value transfers (minimum ₹2 lakhs), RTGS processes transactions individually and in real-time. It’s ideal for urgent and significant payments.
   • IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. It’s convenient for immediate, smaller value transactions.
4. Add Beneficiary: If you haven’t transferred to this person before, you’ll need to add them as a new beneficiary. You will enter their name, account number, and the IFSC code. The system will often verify the bank and branch details based on the IFSC code.
5. Initiate Transfer: Once the beneficiary is added (or if they are already saved), select them, enter the amount you wish to send, and confirm the transaction using your password or PIN.

The IFSC code acts as a crucial check, preventing funds from being sent to the wrong bank or branch.

Benefits of Knowing Your IFSC Code

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

• It enables you to receive funds directly into your account through NEFT, RTGS, or IMPS.
• It ensures accuracy when sending money, guaranteeing that funds reach the correct bank and specific branch.
• It simplifies online banking, making electronic fund transfers quick and straightforward.
• It reduces the risk of transaction errors and delays caused by incorrect routing information.
• It is often required for various financial services, including opening investment accounts or linking third-party apps to your bank account.

Contact Information

For specific inquiries or assistance related to the Bihar Gramin Bank Musrigharari branch, you can use the following contact details:

• Branch Phone Number: 9955997871
• Branch Address: Musrigharari, Samastipur, 848101, Bihar
• Bihar Gramin Bank Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna-800030, Bihar
• Toll-Free Number (Punjab National Bank sponsor): 18001807777

Frequently Asked Questions

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It’s an 11-character alphanumeric code used for electronic fund transfers within India.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A2: No. While the first ten characters (PUNB0MBGB) are common across most Bihar Gramin Bank branches due to the merger and sponsorship by Punjab National Bank, the last six characters are unique to each specific branch, like “06” for Musrigharari. This uniqueness ensures funds go to the exact branch.

Q3: What happens if I use the wrong IFSC code during a fund transfer?
A3: If the IFSC code is incorrect, the transaction will typically fail immediately, and your bank will inform you of the error. In rare cases, if the incorrect IFSC code corresponds to a valid but different branch, the money might go to the wrong account. Always double-check the IFSC code before confirming a transfer.

Q4: Can I find the IFSC code on my bank passbook or cheque book?
A4: Yes, the IFSC code is usually printed on the first page of your bank passbook. It is also found on the top left corner of every cheque leaf in your cheque book.

Q5: Do I need an IFSC code for cash deposits at a bank branch?
A5: No, an IFSC code is not required for physical cash deposits or withdrawals made directly at the bank branch counter. It is only necessary for electronic fund transfers like NEFT, RTGS, and IMPS.