Bihar Gramin Bank Parishad Bazar IFSC Code

The Parishad Bazar branch of Bihar Gramin Bank is located in Madhubani district, Bihar (PIN 847211). This branch handles local savings, deposits and payments for residents and businesses in the area. When you send or receive money electronically through NEFT, RTGS or IMPS, the IFSC code is essential. It tells the payment system which bank and branch should receive the funds, so using the correct IFSC avoids delays and failed transfers.

Branch Details Table

Merger Update

Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged and operate under Punjab National Bank for centralised payment processing. As a result, the single IFSC code to use for affected rural branches is PUNB0MBGB06. Old UBGB or DBGB IFSC codes have been revoked. For any NEFT/RTGS/IMPS transfer to this region, use only the new IFSC code PUNB0MBGB06 to avoid transaction failure or routing errors.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in electronic payments. Its structure is fixed:

• First 4 characters = bank identifier (for example, PUNB = Punjab National Bank).
• 5th character = reserved and is always 0.
• Last 6 characters = branch identifier, which points to a specific branch (for example, in PUNB0MBGB06, MBGB06 identifies the Parishad Bazar branch under the combined system).

Note: The IFSC’s last six characters are a branch code string. The numeric branch code used for internal records (for example 100856) is a separate identifier and may not match the IFSC suffix in format.

How to Use IFSC Code

• Open your bank’s netbanking or mobile banking app or visit the branch.
• Choose the transfer type: NEFT, RTGS or IMPS. IMPS is instant and available 24×7 within bank limits. NEFT and RTGS are used depending on value and bank support.
• Select “Add beneficiary” or “New payee.” Enter the beneficiary’s name, account number and the IFSC: PUNB0MBGB06.
• Double-check the account number and IFSC. A wrong account number with a correct IFSC could still credit the intended branch account; a wrong IFSC can route the payment to a different branch or fail.
• Complete any OTP or authentication required by your bank.
• Save the beneficiary and initiate the transfer. Keep the transaction reference number for tracking.
• If a transfer fails or is returned, contact the sending bank and the beneficiary branch (phone: 9297954875).

Benefits

• Ensures accurate routing of electronic funds to the correct bank branch.
• Speeds up transfers—reduces the chance of delays or returns.
• Required for adding beneficiaries in netbanking and apps for NEFT, RTGS, IMPS.
• Helps customer service quickly identify the receiving branch for reconciliation.
• Using the updated IFSC after a merger avoids rejected transactions and manual intervention.

Contact

Branch phone no: 9297954875

Branch Address: Parishad Bazar, MADHUBANI, 847211

Head office address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll free no: 18001807777

FAQs

• Q: How can I confirm this IFSC before making a transfer?

  A: Confirm with the beneficiary, check the printed bank passbook or call the branch at 9297954875. Banks also display IFSC on branch letterheads and account statements. After the UBGB/DBGB consolidation, only PUNB0MBGB06 should be used for this region.

• Q: What happens if I use the wrong IFSC?

  A: If the IFSC points to a different branch and the account number doesn’t exist there, the transfer will typically fail and be returned. If the account number exists at the wrong branch, funds may be credited incorrectly and will need manual correction. Always verify both account number and IFSC.

• Q: Are IFSC and MICR the same?

  A: No. IFSC is used for electronic transfers. MICR (like 800811002) is a 9-digit code used by clearing systems for cheque processing. They serve different purposes.

• Q: After the merger, can old UBGB IFSC codes still be used?

  A: No. Old UBGB/DBGB IFSC codes have been revoked. Transactions must use the new IFSC PUNB0MBGB06 to succeed.

• Q: Who should I contact if a transfer to this branch is delayed?

  A: First contact your sending bank with the transaction reference. Then contact the Parishad Bazar branch at 9297954875 or the head office/toll-free 18001807777 for assistance and reconciliation.

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.