Bihar Gramin Bank Mangarpal Murtuza IFSC Code

This article focuses on the Bihar Gramin Bank branch located in Mangarpal Murtuza, in the Saran district of Bihar. Knowing the correct Indian Financial System Code (IFSC) is essential for any digital money transfer. This unique code ensures that funds sent through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) reach the correct bank branch and beneficiary account without errors. It acts like a digital address, guiding your money safely to its destination.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Mangarpal Murtuza
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100588
Branch Address	Mangarpal Murtuza, SARAN, 841101
Contact Number	9297955249
City	SARAN (Chapra)
District	SARAN
Pincode	841101
State	Bihar

Merger Update

Bihar Gramin Bank was formed on January 1, 2019, through the merger of two important regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This new entity, Bihar Gramin Bank, is sponsored by Punjab National Bank. Because of this merger, all previous IFSC codes belonging to Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank are now invalid. For any transactions involving the Mangarpal Murtuza branch of Bihar Gramin Bank, you must use the new and current IFSC code: PUNB0MBGB06. This is the only valid code for financial transfers.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online money transfers across India. Here’s how it’s structured:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters identify the specific bank branch. In PUNB0MBGB06, “MBGB06” points to the Mangarpal Murtuza branch of Bihar Gramin Bank.

This structure ensures that each branch has a distinct identifier, making digital transactions accurate and reliable.

How to Use IFSC Code

You need the IFSC code when performing various types of online fund transfers. Here’s a general guide:

• NEFT (National Electronic Funds Transfer): This system allows for batch-wise transfers throughout the day. When setting up a NEFT payment, you will typically need the beneficiary’s name, account number, bank name, and the correct IFSC code. The funds are usually credited within a few hours.
• RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically above ₹2 lakh. Transfers are processed individually and immediately. Similar to NEFT, you provide the beneficiary’s details, including their bank’s IFSC code, to initiate the transfer.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. It’s convenient for smaller, urgent payments. For IMPS, you’ll enter the beneficiary’s mobile number and MMID (Mobile Money Identifier), or their account number and IFSC code.

In all these methods, accurately entering the IFSC code is crucial to ensure your money reaches the intended recipient’s bank account.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch, or for any branch you need to send money to, offers several advantages:

• It enables smooth and error-free online fund transfers through NEFT, RTGS, and IMPS.
• It helps verify the legitimacy of a bank branch before conducting a transaction.
• It’s required for adding beneficiaries in online banking portals for future transactions.
• It helps in tracking the exact branch where a payment originated or is destined for.
• It is a standard security measure that prevents funds from being sent to the wrong bank or branch.

Contact Information

Should you need to contact the Bihar Gramin Bank, Mangarpal Murtuza branch, or the head office, here are the details:

• Branch Phone Number: 9297955249
• Branch Address: Mangarpal Murtuza, SARAN, 841101, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank sponsor): 18001807777

FAQs

Q1: Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank, Mangarpal Murtuza?
A1: Yes, PUNB0MBGB06 is the current and only valid IFSC code for the Mangarpal Murtuza branch of Bihar Gramin Bank. Due to the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank, any older IFSC codes are no longer in use.

Q2: What should I do if my online banking portal still shows an old IFSC code for a merged bank?
A2: You should update your beneficiary details with the new IFSC code, PUNB0MBGB06, before initiating any new transactions. Using an old, invalid code will cause the transaction to fail or be rejected.

Q3: Can I use the IFSC code for international money transfers?
A3: No, the IFSC code is specifically for domestic transfers within India. For international transactions, you would typically need a SWIFT code (Society for Worldwide Interbank Financial Telecommunication) or a BIC (Bank Identifier Code).

Q4: What is the purpose of the ‘0’ in the fifth position of the IFSC code?
A4: The fifth character, always a ‘0’, acts as a control character. It separates the bank code from the branch code and is reserved for future use, ensuring the system’s flexibility and accuracy.

Q5: Is the MICR code the same as the IFSC code?
A5: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit numerical code found on check leaves, primarily used for clearing checks. The IFSC code is an 11-character alphanumeric code used for electronic fund transfers.