Bihar Gramin Bank Vidyapatinagar IFSC Code

Here is detailed information regarding the Bihar Gramin Bank branch located in Vidyapatinagar, Samastipur. Understanding the IFSC code is essential for any digital fund transfer, as it ensures your money reaches the correct bank and branch. This code is a unique identifier used for transactions through systems like NEFT, RTGS, and IMPS, ensuring accuracy and security in your banking operations.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Vidyapatinagar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3938
Branch Address	Vidyapatinagar, Samastipur, 848503, 9955997844
Contact Number	9955997844
City	Samastipur
District	Samastipur
Pincode	848503
State	Bihar

Merger Update

Bihar Gramin Bank operates as a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). Its IFSC codes, such as PUNB0MBGB06, clearly reflect this sponsorship. The first four letters, ‘PUNB’, identify Punjab National Bank as the sponsoring institution. The ‘MBGB’ part often stands for Madhya Bihar Gramin Bank, which was one of the entities that merged to form the current Bihar Gramin Bank. This means that any older or distinct IFSC codes for predecessor banks have been consolidated and updated. For all current digital transactions, only the new, standardized IFSC code like PUNB0MBGB06 is valid.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character code provided by the Reserve Bank of India (RBI). It uniquely identifies every bank branch in India participating in online fund transfers. This code is crucial for ensuring that money is sent to the correct recipient bank and branch.

The structure of the IFSC code is specific:

• The first four characters are alphabetic and represent the bank. For example, ‘PUNB’ stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use and acts as a control digit.
• The last six characters are alphanumeric. These uniquely identify a specific bank branch. In the case of PUNB0MBGB06, ‘MBGB06’ identifies the Vidyapatinagar branch of Bihar Gramin Bank.

How to Use an IFSC Code

You need the IFSC code for various digital payment methods, including NEFT, RTGS, and IMPS. Here’s a general guide on how to use it:

1. Gather Recipient Details: Before initiating any transfer, ensure you have the recipient’s full name, bank account number, bank name, and the correct IFSC code for their specific branch.
2. Log In to Your Net Banking/Mobile Banking: Access your bank’s online platform or mobile app.
3. Select Transfer Type: Choose the type of transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): Typically used for transfers of any amount, processed in batches during banking hours.
   • RTGS (Real Time Gross Settlement): Designed for large-value transfers (usually above ₹2 lakhs), processed individually and in real-time.
   • IMPS (Immediate Payment Service): Allows instant, 24/7 fund transfers, even on holidays.
4. Add Beneficiary: If you haven’t transferred to this person before, you’ll need to add them as a new beneficiary. This involves entering their name, account number, and the IFSC code. Some banks require a waiting period (e.g., 30 minutes) before you can make the first transfer to a new beneficiary.
5. Enter Transfer Amount: Specify the amount of money you wish to send.
6. Confirm and Authorize: Review all details carefully. Once confirmed, authorize the transaction using your password or OTP (One-Time Password).

Always double-check the IFSC code and account number before confirming a transaction to avoid errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, and for anyone you wish to send money to, offers several advantages:

• Ensures Accuracy: It directs funds to the precise branch, eliminating misdirection of money.
• Faster Transfers: Essential for quick processing of NEFT, RTGS, and IMPS transactions.
• Enhanced Security: Reduces the chances of fraudulent transactions by verifying the branch.
• Convenience: Makes online banking and fund transfers straightforward and hassle-free.
• Mandatory for Digital Payments: It is a compulsory piece of information for almost all inter-bank electronic fund transfers.

Contact Information

For inquiries related to the Vidyapatinagar branch of Bihar Gramin Bank, you can use the following details:

Branch Phone Number: 9955997844
Branch Address: Vidyapatinagar, Samastipur, 848503, Bihar

Head Office Address (Bihar Gramin Bank):
SHRI VISHNU COMMERCIAL COMPLEX
ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, the first four characters representing the bank (PUNB) and the fifth character (0) are common. However, the last six characters are unique to each individual branch. So, while the initial part might be similar, the full 11-character IFSC code will be different for each branch.

Q2: Can I use an old IFSC code if I still have it?
A2: It is strongly advised not to use old or outdated IFSC codes. Bank mergers, sponsorships, or internal reorganizations can lead to IFSC code changes. Always use the most current and verified IFSC code, such as PUNB0MBGB06 for the Vidyapatinagar branch, to ensure your transactions are successful.

Q3: Where can I find the correct IFSC code for my bank branch?
A3: You can find the IFSC code on your bank passbook, cheque book, or by visiting your bank’s official website. You can also contact your bank’s customer service or visit the branch directly.

Q4: What happens if I enter an incorrect IFSC code?
A4: If you enter an incorrect IFSC code, your transaction will likely fail. The system will detect that the code does not match the recipient’s bank account number or branch. This prevents money from being sent to the wrong place, but it will delay your intended transfer.

Q5: Is MICR code the same as IFSC code?
A5: No, MICR (Magnetic Ink Character Recognition) code is different from IFSC code. The MICR code is a 9-digit number primarily used for processing cheques. It identifies the bank, city, and branch. While both are identifiers, they serve different purposes and have different formats.