Bihar Gramin Bank Marhowrah IFSC Code

Marhowrah, a town in the Saran district of Bihar, plays a vital role in the region’s agricultural and economic activities. When you need to send or receive money electronically from a bank account in Marhowrah, especially to or from the Bihar Gramin Bank branch there, understanding the IFSC code is essential. The Indian Financial System Code, or IFSC, acts as a unique digital address for every bank branch in India. It’s crucial for securely processing online money transfers through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Branch Details Table

Merger Update

The landscape of regional rural banks in Bihar has undergone significant consolidation. To streamline operations and offer improved services, several banks have merged over time. For example, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were part of these larger merger initiatives. As a result of such amalgamations, entities like Bihar Gramin Bank now operate under the sponsorship of Punjab National Bank.

This means that old IFSC codes previously used by banks like UBGB or DBGB have been revoked. For all transactions involving Bihar Gramin Bank, including its Marhowrah branch, you must use the new and unified IFSC code, which is PUNB0MBGB06. This code ensures your transactions are correctly routed through the Punjab National Bank’s system, which sponsors Bihar Gramin Bank.

What is IFSC Code?

An IFSC code is an 11-character alphanumeric code. It uniquely identifies every bank branch in India. Think of it as a specific address for online money transfers. The first four characters identify the bank. The fifth character is always a zero (0), kept for future use. The last six characters identify the specific bank branch.

For the Bihar Gramin Bank, Marhowrah branch, the IFSC code is PUNB0MBGB06. Here, ‘PUNB’ represents Punjab National Bank, the sponsoring bank. The ‘0’ is the standard fifth character. The last six characters, ‘MBGB06’, pinpoint the specific Marhowrah branch within the Bihar Gramin Bank structure.

How to Use IFSC Code

Using an IFSC code for online money transfers is straightforward. Follow these steps when initiating an NEFT, RTGS, or IMPS transaction:

• Log in to your bank’s net banking portal or mobile banking app.
• Select the ‘Funds Transfer’ or ‘Payments’ option.
• Choose the type of transfer: NEFT, RTGS, or IMPS.
• Add a new beneficiary or select an existing one. You will need the beneficiary’s name, account number, account type, and the IFSC code.
• Enter the beneficiary’s IFSC code, which for Bihar Gramin Bank, Marhowrah branch is PUNB0MBGB06. The system will usually verify the bank and branch name once you enter the code.
• Enter the amount you wish to transfer.
• Confirm the details and complete the transaction. Your bank will then process the transfer.

Benefits

Knowing the correct IFSC code for your bank branch, or for the recipient’s branch, offers several benefits:

• Enables Fast Transfers: It allows for quick and efficient electronic fund transfers like NEFT, RTGS, and IMPS.
• Ensures Accuracy: The unique code helps route money to the correct bank and branch, minimizing errors.
• Supports Digital Banking: It is fundamental for using online banking and mobile banking services for transfers.
• Enhances Security: By clearly identifying the destination bank and branch, it adds a layer of security to transactions.
• Mandatory for Online Transfers: It is a compulsory piece of information for almost all inter-bank online money transfers within India.

Contact

For any inquiries or assistance regarding the Bihar Gramin Bank, Marhowrah branch, you can use the following contact details:

• Branch Phone Number: 9297955832
• Branch Address: Marhowrah, SARAN, 841418
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

1. Q: What is the IFSC code for Bihar Gramin Bank, Marhowrah branch?
   A: The IFSC code for Bihar Gramin Bank, Marhowrah branch is PUNB0MBGB06.
2. Q: Is the IFSC code same for all branches of Bihar Gramin Bank?
   A: No, the first four characters (‘PUNB’) and the fifth character (‘0’) might be common for all Bihar Gramin Bank branches sponsored by Punjab National Bank. However, the last six characters are unique to each specific branch, ensuring money goes to the correct location.
3. Q: Can I use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank for transactions with Bihar Gramin Bank?
   A: No, old IFSC codes from merged entities like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions with Bihar Gramin Bank. You must use the current valid IFSC code, which is PUNB0MBGB06 for the Marhowrah branch.
4. Q: What is the purpose of the ‘0’ in the IFSC code?
   A: The fifth character in the IFSC code is always a ‘0’ (zero). It is reserved for future use by the Reserve Bank of India, allowing for potential expansion of the code structure if needed.
5. Q: What happens if I use an incorrect IFSC code?
   A: Using an incorrect IFSC code will likely result in your transaction failing. The funds will not be transferred, and you will receive an error message or the transaction will be reversed. Always double-check the IFSC code before confirming a transfer.

Kriti Kumari

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.