Bihar Gramin Bank Narhan IFSC Code

This article provides details about the Bihar Gramin Bank branch located in Narhan, Samastipur, Bihar. It covers important banking identifiers like the IFSC code, which is essential for conducting electronic fund transfers. Whether you need to send money through NEFT, RTGS, or IMPS, having the correct IFSC code ensures your transaction is processed smoothly and reaches the intended recipient without delay.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Narhan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3974
Branch Address	Narhan, Samastipur, 848211, 9955991571
Contact Number	9955991571
City	Samastipur
District	Samastipur
Pincode	848211
State	Bihar

Merger Update

Over time, many regional rural banks (RRBs) have undergone mergers to streamline operations and enhance banking services. The branch in Narhan, identified here as Bihar Gramin Bank, now operates under the structure of Madhya Bihar Gramin Bank (MBGB). This unified entity was formed from the merger of the erstwhile Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB).

As a result of this consolidation, all branches, including Narhan, now use a single, standardized IFSC code series. The designated IFSC code for this branch is PUNB0MBGB06. This code signifies its connection to Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank. It is important to note that any old IFSC codes previously used by UBGB or DBGB branches are now revoked and no longer valid for transactions. For any electronic fund transfers to this branch, only the new IFSC code, PUNB0MBGB06, should be used.

What is an IFSC Code?

The IFSC Code stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in electronic funds transfer systems in India. This code is crucial for ensuring that money is sent to the correct bank and branch during transactions like NEFT, RTGS, and IMPS.

The 11 characters of an IFSC code are structured in a specific way:

• 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 Madhya Bihar Gramin Bank.
• 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 uniquely identify the specific bank branch. In PUNB0MBGB06, “MBGB06” refers to a specific branch within Madhya Bihar Gramin Bank.

How to Use an IFSC Code

Using an IFSC code correctly is vital for secure and efficient electronic fund transfers. Here’s a step-by-step guide for common transaction types:

For NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service):

1. Log In: Access your bank’s online banking portal or mobile app. You can also visit your bank branch and fill out a NEFT/RTGS/IMPS form.
2. Add Beneficiary: If you are sending money to someone for the first time, you will need to add them as a beneficiary.
3. Enter Beneficiary Details: You will typically need the following information:
   • Beneficiary Name (the name of the person or entity receiving the money)
   • Beneficiary Account Number (their bank account number)
   • Beneficiary Bank Name (e.g., Madhya Bihar Gramin Bank)
   • Beneficiary Branch Name (e.g., Narhan)
   • Beneficiary IFSC Code (PUNB0MBGB06 for this branch)
   • Account Type (e.g., Savings, Current)
4. Verify Details: Always double-check all the entered information, especially the account number and IFSC code, to avoid sending money to the wrong account.
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm Transaction: Review the transaction details and confirm the payment.

The system uses the IFSC code to correctly route your money to the intended bank and branch, ensuring the funds are credited to the beneficiary’s account.

Benefits of Knowing Your IFSC Code

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

• Secure Transfers: It ensures that your electronic fund transfers go to the precise bank and branch, minimizing the risk of errors or misdirected funds.
• Fast Processing: IFSC codes facilitate quick and efficient processing of NEFT, RTGS, and IMPS transactions, allowing money to be transferred within minutes or hours.
• Error Reduction: The unique identification provided by an IFSC code helps reduce manual errors that could occur with other forms of identification.
• Unique Identification: Each branch has its own unique code, making it easy for the banking system to distinguish between branches of the same bank, even those in the same city.
• Essential for Online Banking: It is a mandatory piece of information for setting up online banking transfers and adding new beneficiaries.

Contact Information

Should you need to contact the branch or the bank’s head office, here are the details:

Narhan Branch Contact:

• Phone Number: 9955991571
• Branch Address: Narhan, Samastipur, 848211

Bank Head Office Contact (Madhya Bihar Gramin Bank):

• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What is the full form of IFSC?
A: IFSC stands for Indian Financial System Code. It is an 11-character code used to identify bank branches for electronic transactions.

Q2: Is the 5th character of an IFSC code always zero?
A: Yes, the fifth character in an IFSC code is always ‘0’ (zero). It is a control character reserved for future use.

Q3: Can I use an old IFSC code if my bank branch has undergone a merger?
A: No, after a bank merger, old IFSC codes are typically revoked. You must use the new, updated IFSC code for any transactions. Using an old code will likely result in transaction failure.

Q4: Is an IFSC code required for international fund transfers?
A: No, an IFSC code is only for domestic electronic fund transfers within India. For international transfers, you usually need a SWIFT Code (Society for Worldwide Interbank Financial Telecommunication) or BIC (Bank Identifier Code).

Q5: Where can I find the IFSC code for my branch?
A: You can find your branch’s IFSC code on your cheque book, bank passbook, your bank’s official website, or by contacting your branch directly. It is also often printed on transaction receipts.