Bihar Gramin Bank Darihara IFSC Code

The Bihar Gramin Bank branch in Darihara, Saran, Bihar serves a vital role for residents in this region. Knowing its Indian Financial System Code (IFSC) is essential for anyone looking to make digital money transfers. Whether you are sending money through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), this unique code ensures your funds reach the correct bank and branch without any issues.

Branch Details

Bank Name	Bihar Gramin Bank (now Madhya Bihar Gramin Bank)
Branch Name	Darihara
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100574
Branch Address	Darihara, SARAN, 841101, 9297955213
Contact Number	9297955213
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841101
State	Bihar

Merger Update

The Darihara branch was originally part of Bihar Gramin Bank. This bank, along with Rajya Bihar Gramin Bank, merged to form Madhya Bihar Gramin Bank (MBGB). Madhya Bihar Gramin Bank is sponsored by Punjab National Bank. Therefore, the Darihara branch now operates under Madhya Bihar Gramin Bank and uses the IFSC code PUNB0MBGB06.

It is important for customers to note that for regional rural banks in Bihar, including those previously operating as Uttar Bihar Gramin Bank (UBGB), their old IFSC codes have been revoked. You must now use the new, consolidated IFSC codes, such as PUNB0MBGB06 for transactions related to Madhya Bihar Gramin Bank branches. Always verify the current IFSC code before initiating any fund transfer.

What is an IFSC Code?

An IFSC code is a unique, 11-character alphanumeric code used to identify all bank branches participating in online money transfers in India. This code helps the banking system direct funds to the correct beneficiary bank and branch. Without an accurate IFSC, digital fund transfers cannot be completed.

Let’s break down the code PUNB0MBGB06:

• The first four characters, PUNB, represent the bank’s sponsor. In this case, it indicates Punjab National Bank, which sponsors Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters, MBGB06, uniquely identify the specific branch. Here, MBGB06 points to the Darihara branch of Madhya Bihar Gramin Bank.

How to Use an IFSC Code

The IFSC code is a key piece of information needed for several types of electronic fund transfers:

• For NEFT (National Electronic Funds Transfer):

  NEFT is a nationwide payment system that facilitates one-to-one funds transfer. You can use it to send money from any bank branch to any other bank branch in India. When initiating an NEFT transaction, you will need the beneficiary’s name, account number, account type, and the correct IFSC code for their bank branch. Transactions are processed in batches throughout the day.

• For RTGS (Real Time Gross Settlement):

  RTGS is designed for large-value transactions, typically for amounts of Rs. 2 lakh and above. Funds are transferred in real-time, meaning the transaction is processed individually and immediately. Similar to NEFT, you will need the beneficiary’s name, account number, account type, and their bank branch’s IFSC code. RTGS is ideal when you need to send a significant amount of money quickly.

• For IMPS (Immediate Payment Service):

  IMPS offers instant, 24/7 interbank electronic fund transfers. It is available even on holidays. You can use IMPS through mobile banking apps, internet banking, or even SMS. To send money via IMPS, you will generally need the beneficiary’s mobile number and MMID (Mobile Money Identifier), or their account number and IFSC code. This service is great for urgent transfers of smaller to medium amounts.

In all these cases, providing the correct IFSC code, like PUNB0MBGB06 for the Darihara branch, is crucial for your transaction to be successful and for the money to reach the intended recipient.

Benefits of Knowing Your IFSC Code

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

• Accurate Fund Transfers: Ensures your money goes to the right bank and branch, preventing delays or misdirected funds.
• Facilitates Online Transactions: Essential for setting up NEFT, RTGS, and IMPS payments, which are common for bills, salaries, and personal transfers.
• Avoids Errors: Helps in reducing manual errors that can occur when dealing with physical forms or incorrect branch details.
• Saves Time: Speeds up the process of making online payments as you have all the necessary information readily available.
• Interbank Accessibility: Allows you to transact with accounts in different banks across India seamlessly.

Contact Information

• Branch Phone Number: 9297955213
• Branch Address: Darihara, SARAN, 841101, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank – sponsor bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: What does PUNB0MBGB06 signify?

A1: PUNB0MBGB06 is the Indian Financial System Code (IFSC) for the Darihara branch of Madhya Bihar Gramin Bank. “PUNB” indicates Punjab National Bank as the sponsor, “0” is a reserved character, and “MBGB06” identifies the specific Darihara branch.

Q2: Can I use an old IFSC code if I still have it from before the merger?

A2: No. It is crucial to use only the current and valid IFSC code, which is PUNB0MBGB06 for the Darihara branch of Madhya Bihar Gramin Bank. Old IFSC codes, especially for banks that have merged (like Uttar Bihar Gramin Bank), are revoked and will lead to failed transactions.

Q3: Is the Darihara branch part of Bihar Gramin Bank or Madhya Bihar Gramin Bank?

A3: The Darihara branch was originally part of Bihar Gramin Bank. After the merger, it now operates under Madhya Bihar Gramin Bank. The IFSC code PUNB0MBGB06 reflects this change.

Q4: What information do I need to send money online using an IFSC code?

A4: To send money online via NEFT, RTGS, or IMPS, you will typically need the beneficiary’s name, their account number, the type of account (savings or current), and the correct 11-character IFSC code of their bank branch.

Q5: Can I find the IFSC code on my passbook or cheque book?

A5: Yes, the IFSC code is usually printed on your bank passbook and cheque book. However, if there have been recent mergers or changes, always confirm the latest code from the bank’s official website or by contacting the branch directly to ensure accuracy.