Bihar Gramin Bank Gajhara IFSC Code

The Bihar Gramin Bank branch at Gajhara (Madhubani district, Bihar, PIN 847227) serves local customers for deposits, withdrawals and transfers. For electronic fund transfers such as NEFT, RTGS and IMPS, the branch’s IFSC code is essential. The IFSC ensures the payment routes to the correct bank and branch and is required when you add a beneficiary in netbanking or a mobile banking app.

Branch Details

Merger Update

Important: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged and their operations now use a single IFSC under Punjab National Bank. The consolidated IFSC for the merged rural bank network is PUNB0MBGB06. Old IFSC codes that belonged to UBGB/DBGB have been revoked and should not be used for fund transfers. Always use the new IFSC PUNB0MBGB06 for NEFT, RTGS and IMPS transactions to this branch.

What is IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch in electronic payments. The structure is fixed:

• Characters 1–4: Bank code (letters). Example: PUNB = Punjab National Bank.
• Character 5: Always 0 (reserved).
• Characters 6–11: Branch identifier (alphanumeric). Example: MBGB06 identifies the Gajhara branch in the combined system, making the full IFSC PUNB0MBGB06.

How to Use IFSC Code

Follow these practical steps when you want to transfer money to an account at Bihar Gramin Bank, Gajhara:

• Open your bank’s netbanking site or mobile banking app and go to “Add Beneficiary” or “Manage Payees.”
• Enter beneficiary name, account number, and the IFSC: PUNB0MBGB06. Optionally add the branch address for your records.
• Choose the transfer type:
  • NEFT: Use for routine transfers. No fixed lower limit. Settlement is available round-the-clock in most banks.
  • RTGS: Use for high-value transfers. RTGS typically applies for amounts at or above ₹2,00,000 (check with your bank for current limit). RTGS is now generally available 24×7.
  • IMPS: Use for immediate, usually smaller-value transfers available 24×7. Bank may have per-transaction limits.
• Verify all details (account number and IFSC). Confirm and authenticate the transfer with OTP or your bank’s security method.
• Save the beneficiary after any mandatory verification (many banks require a wait time/validation before first transfer).

Benefits of Knowing the IFSC

• Ensures funds route to the correct branch for NEFT/RTGS/IMPS transfers.
• Helps avoid transfer failures and processing delays caused by incorrect branch identification.
• Needed when adding beneficiaries in netbanking and mobile apps.
• MICR and IFSC together help reconcile electronic transfers with cheque processing and account statements.
• Quick verification: you can confirm the bank and branch from the IFSC before initiating large transfers.

Contact

Branch Phone: 9297954945

Branch Address: Gajhara, MADHUBANI, 847227

Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll-free number: 18001807777

FAQs

• Q: How can I confirm the correct IFSC before sending money?
  A: Confirm the IFSC from the beneficiary’s bank passbook, cheque leaf, branch visit, or by calling the branch phone (9297954945). For this branch use PUNB0MBGB06.
• Q: Can I use the old UBGB or DBGB IFSC codes after the merger?
  A: No. Old UBGB/DBGB IFSC codes have been revoked. Use the new consolidated IFSC PUNB0MBGB06 for transactions to this branch.
• Q: What is the difference between IFSC and MICR?
  A: IFSC (11 characters) is used for electronic fund transfers. MICR (usually 9 digits) is used for faster cheque clearing through the Magnetic Ink Character Recognition system. For Gajhara: MICR = 800811002.
• Q: What if I enter the wrong IFSC while adding a beneficiary?
  A: If the IFSC does not match the bank code for the entered account number, the payment may fail or route incorrectly. Banks often validate IFSC against bank name; still always double-check account number and IFSC. Contact your bank immediately if a transaction goes wrong.
• Q: Are NEFT, RTGS and IMPS available at all hours?
  A: As of recent operating changes, most banks offer NEFT, RTGS and IMPS 24×7. However, processing rules and daily cut-offs for specific banks can vary. For urgent or large transfers, confirm with your bank or use RTGS/IMPS depending on amount and urgency.

Kriti Kumari

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.