This article provides details for the Bihar Gramin Bank branch located in Singhiaghat, Samastipur, Bihar. Understanding your bank’s Indian Financial System Code (IFSC) is essential for any digital fund transfers. Whether you’re sending money through NEFT, RTGS, or IMPS, this unique code ensures your funds reach the correct recipient bank and branch quickly and securely.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Singhiaghat |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3929 |
| Branch Address | Singhiaghat, Samastipur, 848212 |
| Contact Number | 9955997835 |
| City | Samastipur |
| District | Samastipur |
| Pincode | 848212 |
| State | Bihar |
Merger Update: Important Information
The Bihar Gramin Bank, including its Singhiaghat branch, was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger brought all branches under a single, unified structure sponsored by Punjab National Bank.
As a result of this merger, all previous IFSC codes associated with Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been *revoked*. They are no longer valid for any banking transactions. For the Singhiaghat branch of Bihar Gramin Bank, and indeed for all branches of the merged entity, you must use the new, standardized IFSC code: PUNB0MBGB06. Always use this current code for any electronic fund transfers to ensure your transactions are processed correctly.
What is an IFSC Code?
An IFSC (Indian Financial System Code) is a unique, eleven-character alphanumeric code. It identifies every bank branch participating in the Reserve Bank of India’s electronic funds settlement systems. Think of it like a digital address for a bank branch.
The structure of the IFSC code is straightforward:
- The first four characters represent the bank 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 ‘0’ (zero). This character is reserved for future use.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” refers to the particular branch code for Singhiaghat.
This systematic structure helps in accurately directing funds to the intended bank and branch.
How to Use the IFSC Code for Fund Transfers
The IFSC code is essential for various types of electronic fund transfers. Here’s how you’ll typically use it:
- NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches throughout the day. When you want to send money via NEFT, you will need the recipient’s bank account number, their name, and their bank branch’s IFSC code. The money usually settles within a few hours.
- RTGS (Real Time Gross Settlement): RTGS is designed for large-value transactions, typically INR 2 lakhs and above. Transfers happen in real-time. Similar to NEFT, you need the recipient’s bank account number, name, and the correct IFSC code for their branch.
- IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. You’ll input the beneficiary’s account number and IFSC code, or sometimes their mobile number and MMID (Mobile Money Identifier). The funds are credited to the recipient’s account almost immediately.
In all these methods, the IFSC code acts as a crucial identifier, ensuring your money goes to the right place. Always double-check the code before confirming any transaction.
Why Knowing Your IFSC Code is Useful
Knowing the correct IFSC code for your bank branch, or for someone you need to pay, offers several practical benefits:
- Accurate Fund Transfers: It ensures your money reaches the exact intended bank branch, preventing misdirection of funds.
- Faster Processing: Correct IFSC codes help electronic systems process your transactions quickly and efficiently.
- Avoiding Transaction Failures: An incorrect IFSC code is a common reason for failed or delayed fund transfers.
- Easy Identification: It quickly identifies the specific bank and branch for any financial transaction.
- Enhanced Security: The unique code adds a layer of security, as funds are routed only through recognized banking channels.
- Online Banking Convenience: It’s a key piece of information for setting up beneficiaries for online transfers via internet banking or mobile apps.
Need to Contact the Bank?
If you have questions or need assistance regarding your Bihar Gramin Bank account, you can reach out using the following details:
- Singhiaghat Branch Phone Number: 9955997835
- Singhiaghat Branch Address: Singhiaghat, Samastipur, 848212, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number (Bihar Gramin Bank): 18001807777
Frequently Asked Questions
What is Bihar Gramin Bank?
Bihar Gramin Bank is a Regional Rural Bank (RRB) formed by the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. It operates in Bihar with Punjab National Bank as its sponsor bank, providing banking services primarily to rural and semi-urban areas.
Why did the IFSC code change for Bihar Gramin Bank branches?
The IFSC codes changed due to the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into a single entity, Bihar Gramin Bank. This merger required a new, standardized IFSC code structure under the sponsorship of Punjab National Bank to streamline operations and comply with regulatory requirements.
Can I still use my old UBGB or DBGB IFSC code for transactions?
No, all old IFSC codes belonging to Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new IFSC code, such as PUNB0MBGB06 for the Singhiaghat branch, for all electronic fund transfers.
What types of services require an IFSC code?
An IFSC code is required for most electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It is also necessary when adding a new beneficiary for online banking transactions.
How can I find the IFSC code for another Bihar Gramin Bank branch?
You can find the IFSC code for other branches on the bank’s official website, through your passbook or chequebook, or by using reliable online IFSC code lookup tools. Always verify the code before initiating a transaction.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.