Bihar Gramin Bank Khakhi Mathia IFSC Code

If you’re looking to send or receive money to or from the Bihar Gramin Bank branch in Khakhi Mathia, Saran district, Bihar, you’ll need its Indian Financial System Code, or IFSC. This unique code is essential for all electronic fund transfers, including NEFT, RTGS, and IMPS. It acts like a digital address, ensuring your money reaches the correct branch and account, making your transactions smooth and secure.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Khakhi Mathia
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100611
Branch Address	Khakhi Mathia, SARAN, 841403, 9297955239
Contact Number	9297955239
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841403
State	Bihar

Merger Update

It’s important to understand the history of Bihar Gramin Bank’s IFSC code. Previously, there were two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have merged to form what is now known as Bihar Gramin Bank. As part of this merger and integration, all branches now operate under a single, unified IFSC code scheme overseen by Punjab National Bank (PNB), their sponsor bank.

For the Khakhi Mathia branch and all other Bihar Gramin Bank branches, the new and only valid IFSC code is PUNB0MBGB06. This means any old IFSC codes that belonged to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now revoked and will not work for transactions. Always use PUNB0MBGB06 for all your electronic fund transfers to ensure your money is sent correctly.

What is an IFSC Code?

The IFSC Code stands for Indian Financial System Code. It is an 11-character alpha-numeric code that uniquely identifies all bank branches participating in the RBI’s electronic funds settlement systems. Think of it as a unique address for each bank branch.

The structure of an IFSC code is simple:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, this is PUNB, indicating its sponsor bank, Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between older and newer codes.
• The last six characters identify the specific branch. For Khakhi Mathia, these are MBGB06.

So, the complete code PUNB0MBGB06 tells the system that the transaction is going to a Bihar Gramin Bank branch (MBGB) sponsored by PNB (PUNB), specifically branch code 06.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re making an electronic transfer. Here’s how it works for common transfer types:

• NEFT (National Electronic Funds Transfer): When initiating an NEFT transaction, you will need to provide the recipient’s bank name (Bihar Gramin Bank), their account number, the recipient’s name, and the IFSC code (PUNB0MBGB06) of their specific branch (Khakhi Mathia). The NEFT system processes payments in batches, typically clearing every half hour.
• RTGS (Real Time Gross Settlement): For larger-value transactions, RTGS is used. Similar to NEFT, you’ll enter the recipient’s bank name, account number, name, and the branch’s IFSC code (PUNB0MBGB06). The key difference is that RTGS transactions are processed individually and in real-time, meaning the funds are transferred almost instantly, provided the bank’s operating hours.
• IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, often through mobile banking apps. When using IMPS, you’ll generally need the recipient’s account number and IFSC code (PUNB0MBGB06), or sometimes their mobile number linked to their bank account along with their MMID (Mobile Money Identifier). The IFSC ensures the money goes to the correct bank and branch even with a mobile number.

In all these cases, the IFSC code acts as a crucial identifier, directing your funds to the precise destination branch of the Bihar Gramin Bank.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Accurate Transfers: It guarantees that your money reaches the intended bank branch, preventing misdirected funds or delays.
• Faster Processing: With the correct IFSC, electronic fund transfers (NEFT, RTGS, IMPS) are processed more efficiently and quickly.
• Security: By precisely identifying the branch, the IFSC reduces the chances of fraudulent transactions or errors in money movement.
• Essential for Online Banking: The IFSC is a mandatory piece of information for almost all online fund transfer services, enabling you to manage your finances digitally.
• Easy Information Retrieval: You can often find your bank’s IFSC code on your cheque book, passbook, or the bank’s official website.

Contact Section

For inquiries related to the Khakhi Mathia branch or Bihar Gramin Bank, you can use the following contact details:

• Khakhi Mathia Branch Phone Number: 9297955239
• Khakhi Mathia Branch Address: Khakhi Mathia, SARAN, 841403, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

FAQs

Here are some common questions about the Bihar Gramin Bank Khakhi Mathia IFSC Code:

Q1: What is the correct IFSC code for Bihar Gramin Bank, Khakhi Mathia branch?

A1: The correct and only valid IFSC code for the Bihar Gramin Bank, Khakhi Mathia branch, is PUNB0MBGB06.

Q2: Why does the IFSC code start with ‘PUNB’ instead of something related to ‘Bihar Gramin Bank’?

A2: The IFSC code starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank. All regional rural banks often use the IFSC prefix of their sponsoring public sector bank.

Q3: Can I still use an old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?

A3: No, you cannot. Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have merged to form Bihar Gramin Bank. All old IFSC codes associated with UBGB or DBGB are now invalid. You must use the new unified IFSC code, PUNB0MBGB06, for all electronic transactions.

Q4: What is the difference between NEFT and RTGS?

A4: NEFT (National Electronic Funds Transfer) processes transactions in batches, typically clearing every 30 minutes. RTGS (Real Time Gross Settlement) processes transactions individually and in real-time, meaning funds are transferred almost instantly. RTGS is usually preferred for larger amounts due to its immediate settlement.

Q5: Where can I find the IFSC code for my bank branch?

A5: You can typically find your bank’s IFSC code on your cheque book, bank passbook, your bank’s official website, or through your bank’s net banking or mobile banking app. It’s always best to verify the code from a reliable source before making a transaction.