Raiam is a village in the Madhubani district of Bihar (Pincode 847404). This page covers the Bihar Gramin Bank, Raiam branch and its IFSC code. The IFSC code is essential when you transfer funds using NEFT, RTGS or IMPS. It identifies the bank and the exact branch so payments route correctly and reach the intended account without delays.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Raiam |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 108059 |
| Branch Address | Raiam, MADHUBANI, 847404, 9297954935 |
| Contact Number | 9297954935 |
| City | MADHUBANI |
| District | MADHUBANI |
| Reason | JHANJHARPUR |
| Pincode | 847404 |
| State | Bihar |
Merger Update
Important: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged into Punjab National Bank. The Raiam branch now uses the single IFSC code PUNB0MBGB06 under Punjab National Bank. Old UBGB or DBGB IFSC codes that were used earlier have been revoked. Only the new IFSC code PUNB0MBGB06 should be used for NEFT, RTGS or IMPS transactions to this branch.
What is IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code that identifies a bank branch in electronic payment systems. The format is fixed:
- First 4 characters – bank code (alphabetic). Example: PUNB for Punjab National Bank.
- 5th character – always 0 (reserved for future use).
- Last 6 characters – branch code (alphanumeric). Example: MBGB06 in PUNB0MBGB06.
So PUNB0MBGB06 breaks down as: PUNB (bank) + 0 + MBGB06 (branch).
How to Use IFSC Code
Use the IFSC when you add a beneficiary or make an electronic funds transfer. Follow these steps:
- Open your bank’s netbanking site or mobile app. Or visit an ATM/cash-counter if you prefer offline transfers.
- Choose the transfer type: NEFT, RTGS or IMPS. (IMPS is immediate and available 24×7, NEFT is widely used for any amount, RTGS is for large-value real-time transfers—check your bank for limits and timing.)
- Select “Add Beneficiary” or “New Payee”. Enter the beneficiary name exactly as on their bank account.
- Enter the beneficiary account number. Confirm the number carefully by retyping or verifying with the payee.
- Enter the IFSC code PUNB0MBGB06. It’s best to copy-paste or type in uppercase to avoid errors.
- Verify that the displayed bank and branch match “Punjab National Bank – Raiam / Bihar Gramin Bank (Raiam)”. If they don’t match, stop and confirm details with the beneficiary.
- Enter the amount and purpose, then authorize the transaction using OTP, UPI PIN, or netbanking credentials as required.
- Save the beneficiary after successful verification for future transfers.
Benefits of Knowing the IFSC
- Ensures funds route to the exact branch and account. This reduces failed transfers and manual corrections.
- Required for adding beneficiaries in netbanking and payment apps.
- Speeds up transfers—NEFT/RTGS/IMPS systems use IFSC to process payments automatically.
- Helps customer service trace transactions quickly using the exact branch code.
- Prevents misdirected payments when the bank has multiple branches in the same city.
Contact
Branch Phone: 9297954935
Branch Address: Raiam, MADHUBANI, 847404
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free: 18001807777
FAQs
Q: Is PUNB0MBGB06 the only valid IFSC for this branch?
A: Yes. After the merger, PUNB0MBGB06 is the valid IFSC. Old UBGB/DBGB IFSCs are revoked and should not be used.
Q: What happens if I enter the wrong IFSC?
A: If the IFSC does not match the account number and bank, the transfer may fail or be returned. If it matches a different account, funds could go to the wrong account. Always verify IFSC and account number with the beneficiary.
Q: Can I use this IFSC for NEFT, RTGS and IMPS?
A: Yes. The IFSC PUNB0MBGB06 is used for NEFT, RTGS and IMPS transfers. Choose the transfer method based on amount and urgency.
Q: What is the role of the MICR code 800811002?
A: MICR (Magnetic Ink Character Recognition) code is used mainly for cheque processing. It helps the clearing system read and route physical cheques. MICR is not required for online transfers.
Q: How long will a transfer to this IFSC take?
A: IMPS is immediate (seconds). NEFT and RTGS timings depend on banks and cut-off windows—NEFT is processed in batches and now often runs 24×7; RTGS settles large-value transactions in real time. Check with your bank for specific cut-offs and settlement times.
Q: How do I confirm the branch details before sending money?
A: Confirm with the payee directly. You can also call the branch at 9297954935 or the toll-free number 18001807777 for verification before making large transfers.
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.