Bihar Gramin Bank Mubarakpur IFSC Code

If you need to send or receive money at the Bihar Gramin Bank branch in Mubarakpur, Saran district, Bihar, understanding the IFSC code is essential. This unique code makes sure your funds go to the correct bank and branch. It’s vital for modern electronic money transfers like NEFT, RTGS, and IMPS, ensuring your transactions are smooth and secure.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Mubarakpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100578
Branch Address	Mubarakpur, SARAN, 841416, 9297955256
Contact Number	9297955256
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841416
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). It was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This means that if you previously used an IFSC code for UBGB or DBGB, those old codes are no longer valid.

For all transactions with Bihar Gramin Bank branches, including the Mubarakpur branch, you must now use the new, consolidated IFSC code. The correct and only valid IFSC code for the Mubarakpur branch is PUNB0MBGB06. Always use this new code to prevent any issues with your fund transfers.

What is IFSC Code?

The IFSC, or Indian Financial System Code, is an 11-character alphanumeric code. It’s assigned by the Reserve Bank of India (RBI) to identify each bank branch uniquely. Think of it like a digital address for a specific bank branch.

The code follows a specific pattern:

• The first four characters represent the bank name. For Bihar Gramin Bank, sponsored by PNB, this starts with ‘PUNB’.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain the standard length of the code.
• The last six characters identify the specific branch. For the Mubarakpur branch, these are ‘MBGB06’.

This structure helps automate and secure electronic fund transfers across different banks and their branches throughout India.

How to Use IFSC Code

You will need the IFSC code when you initiate electronic fund transfers. Here’s how it’s used in common scenarios:

For NEFT (National Electronic Funds Transfer)

NEFT is a nationwide payment system that allows one-to-one fund transfers. Transactions are processed in batches.

1. Log in to your bank’s internet banking portal or mobile app.
2. Go to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select ‘NEFT’ as the transfer type.
4. Add the beneficiary (the person you are sending money to). You will need their name, account number, and the IFSC code of their bank’s branch (in this case, PUNB0MBGB06 for Bihar Gramin Bank, Mubarakpur).
5. Enter the amount you wish to transfer and confirm the details.

For RTGS (Real Time Gross Settlement)

RTGS is designed for large-value transactions, where funds are settled individually and continuously, in ‘real time’.

1. Access your online banking platform or visit your bank branch.
2. Choose ‘RTGS’ for your transfer type.
3. Provide the beneficiary’s details, including their name, account number, and the specific IFSC code (PUNB0MBGB06).
4. Input the transfer amount. Remember, RTGS usually has a minimum transaction limit.
5. Review and authorize the transaction.

For IMPS (Immediate Payment Service)

IMPS offers instant, 24/7 interbank electronic fund transfers through mobile phones and internet banking.

1. Open your mobile banking app or internet banking site.
2. Select ‘IMPS’ for the transfer.
3. Enter the beneficiary’s details: their account number and the IFSC code (PUNB0MBGB06).
4. Specify the amount you want to send.
5. Confirm the transaction. The money will be credited almost instantly.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank Mubarakpur branch offers several advantages:

• Accurate Transfers: It ensures your money reaches the right branch and account, reducing the risk of errors or delays.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly and efficiently.
• Secure Transactions: The unique code adds a layer of security, confirming the destination of funds.
• Easy Fund Transfers: It simplifies the process of sending and receiving money electronically, even across different banks.
• Compliance: Using the correct IFSC code is a regulatory requirement for electronic fund transfers in India.

Contact Information

For direct inquiries or assistance related to the Mubarakpur branch of Bihar Gramin Bank, or the bank’s services in general, you can use the following contact details:

• Mubarakpur Branch Phone Number: 9297955256
• Mubarakpur Branch Address: Mubarakpur, SARAN, 841416, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Care Number: 18001807777

Frequently Asked Questions

What is the IFSC code for Bihar Gramin Bank Mubarakpur branch?

The IFSC code for Bihar Gramin Bank Mubarakpur branch is PUNB0MBGB06.

Is the old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) still valid?

No, the old IFSC codes for UBGB and DBGB are no longer valid. Following the merger, you must use the new IFSC code, such as PUNB0MBGB06, for all Bihar Gramin Bank transactions.

Why is the 5th character of the IFSC code always zero?

The fifth character is always ‘0’ (zero). This is a standard practice set by the RBI. It’s kept as a placeholder for potential future changes or enhancements to the IFSC code structure.

Do I need an IFSC code for cash deposits or withdrawals at the branch?

No, you typically do not need an IFSC code for cash deposits or withdrawals made directly at the bank branch. The IFSC code is primarily used for electronic fund transfers like NEFT, RTGS, and IMPS.

What should I do if my transfer fails due to an incorrect IFSC code?

If your transfer fails, first verify that you have entered the correct IFSC code, account number, and other beneficiary details. If the details were wrong, try initiating the transfer again with the correct information. For persistent issues, contact your bank’s customer service or visit your branch for assistance.