The Bihar Gramin Bank Raghouli branch is located in Raghouli village in the Madhubani district of Bihar (PIN 847304). When you send or receive electronic funds through NEFT, RTGS or IMPS, the branch IFSC is the identifier banks use to route the payment to the correct bank and branch. Using the correct IFSC prevents delays, failed transfers and wrong-credit issues.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Raghouli |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100341 |
| Branch Address | Raghouli, MADHUBANI, 847304, 9297954880 |
| Contact Number | 9297954880 |
| City | MADHUBANI |
| District | MADHUBANI |
| Reason | MADHUBANI |
| Pincode | 847304 |
| State | Bihar |
Merger Update
Important: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were consolidated under the sponsor bank Punjab National Bank for many rural branches. The consolidated system now uses the single IFSC PUNB0MBGB06 for the concerned branches under Punjab National Bank. Old IFSC codes issued to UBGB or DBGB have been revoked. For any electronic transfer, always use the new IFSC PUNB0MBGB06; transactions attempted with the old UBGB/DBGB IFSCs may fail or be returned.
What is an IFSC Code?
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify a specific bank branch in electronic fund transfers. The structure:
- First 4 characters – alphabetic bank code (example: PUNB = Punjab National Bank).
- 5th character – always the digit 0 (reserved).
- Last 6 characters – alphanumeric branch identifier (example: MBGB06 in PUNB0MBGB06).
So, in PUNB0MBGB06, PUNB identifies the sponsor bank, 0 is fixed, and MBGB06 points to the Raghouli branch. IFSC is case-insensitive but always shown in uppercase in bank systems.
How to Use the IFSC Code for NEFT / RTGS / IMPS
- Open your bank’s netbanking, mobile app or visit the branch to initiate a transfer.
- Choose the transfer type: NEFT, RTGS or IMPS. (RTGS is generally for high-value immediate transfers; check your bank’s minimum RTGS limit.)
- Enter beneficiary details: name, account number and the IFSC PUNB0MBGB06.
- Verify MICR or branch details if prompted. MICR (800811002) is used for cheque clearing, not routing electronic payments.
- Confirm amount and purpose. For RTGS, confirm the amount meets your bank’s threshold (banks often set RTGS minimum at around ₹2,00,000). For NEFT and IMPS there is usually no minimum.
- Authenticate the transaction (OTP, token or PIN depending on your bank).
- Keep transaction reference (UTR) for tracking. If transfer fails, share this reference with bank support.
- Note: NEFT/RTGS/IMPS operating windows can vary by bank. Many banks now offer 24×7 NEFT and IMPS, and extended RTGS hours; confirm with your bank for exact cut-offs and settlement timings.
Benefits of Knowing the IFSC
- Ensures funds are routed to the correct branch and account without delay.
- Prevents returns and extra processing fees caused by incorrect branch details.
- Required for adding beneficiaries in netbanking and mobile apps.
- Helps customer support locate transactions quickly using IFSC and branch code.
- Useful for setting up inward credit, government payments, salary credits and recurring transfers.
Contact
Branch phone no: 9297954880
Branch Address: Raghouli, MADHUBANI, 847304
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777
FAQs
Q: How can I verify this IFSC is correct?
A: Verify the IFSC on the bank passbook, cheque leaf, account statement, or directly by calling the branch at 9297954880 or the bank toll-free number 18001807777. The branch details table above also lists the MICR and branch code to cross-check.
Q: I have an old UBGB or DBGB IFSC saved. Can I still use it?
A: No. Old UBGB/DBGB IFSCs have been revoked after consolidation. Use the new IFSC PUNB0MBGB06 for all electronic transfers. If you have standing instructions using the old IFSC, contact your bank to update them.
Q: What happens if I enter a wrong IFSC but correct account number?
A: The IFSC directs the payment to a particular branch. If the IFSC does not match the account’s bank/branch, the transfer will usually fail or be returned. In some cases, the receiving bank may manually reconcile and credit, but this causes delays. Always confirm both IFSC and account number.
Q: Is IFSC required for UPI transfers?
A: No. UPI transfers use VPA (Virtual Payment Address) and do not require IFSC. IFSC is required for NEFT, RTGS and IMPS when you use account number-based transfers via netbanking or branch.
Q: What is the difference between IFSC and MICR?
A: IFSC (11 characters) routes electronic payments to a specific bank branch. MICR (usually 9 digits) is used by clearing houses to process cheques. Use IFSC for NEFT/RTGS/IMPS and MICR for cheque processing.
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.