Bihar Gramin Bank Parsuna IFSC Code

Parsuna is a village branch of Bihar Gramin Bank located in Madhubani district, Bihar (PIN 847223). This IFSC code is used for electronic fund transfers such as NEFT, RTGS and IMPS. Entering the correct IFSC ensures money goes to the intended bank branch quickly and without returns or delays.

Branch Details

Merger Update

Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been restructured and now operate under a single IFSC code issued by Punjab National Bank. The active IFSC for the Parsuna branch is PUNB0MBGB06. Old UBGB and DBGB IFSC codes have been revoked. For NEFT, RTGS or IMPS transfers use only the new IFSC PUNB0MBGB06. Transactions attempted with revoked IFSCs will fail or be returned.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify bank branches in electronic payment systems.

• First 4 characters — identify the bank (letters). Example: PUNB = Punjab National Bank.
• 5th character — reserved and is always 0.
• Last 6 characters — identify the specific branch. Example in PUNB0MBGB06, MBGB06 is the branch identifier.

How to Use IFSC Code (NEFT, RTGS, IMPS)

• Open your bank’s netbanking, mobile banking app, or visit the branch.
• Choose the transfer type: NEFT, RTGS or IMPS. (IMPS is real-time 24×7; NEFT and RTGS are effectively available round-the-clock but check bank cut-offs.)
• Enter beneficiary’s account number exactly as given.
• Enter the beneficiary bank’s IFSC: PUNB0MBGB06 for Parsuna branch.
• Fill beneficiary name, bank name (Bihar Gramin Bank / Punjab National Bank mapping), and branch if requested.
• Enter amount and payment remarks or purpose.
• Verify all details carefully. A single digit error in IFSC or account number can send funds to the wrong account.
• Authenticate the transaction (OTP/token/authorization) and save the beneficiary for future transfers if needed.

Benefits of Knowing the IFSC

• Enables accurate electronic transfers (NEFT, RTGS, IMPS).
• Prevents failed transfers and return charges due to incorrect branch identification.
• Simplifies payroll, vendor payments and receiving remittances from outside India (through correspondent banks).
• Used with MICR for cheque clearing and reconciliation.
• Useful for setting up standing instructions and linking accounts for electronic fund flows.

Contact

Branch phone no: 9297954876
Branch Address: Parsuna, MADHUBANI, 847223
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777

FAQs

• Q: Is PUNB0MBGB06 case-sensitive?
  A: No. IFSC is not case-sensitive, but it is conventionally shown in uppercase. Enter it as shown to avoid confusion.
• Q: Can I use an old UBGB or DBGB IFSC for transfers?
  A: No. Old UBGB/DBGB IFSC codes have been revoked after the merger. Use only PUNB0MBGB06 for transactions to this branch.
• Q: What is the difference between IFSC and MICR?
  A: IFSC identifies the branch for electronic transfers. MICR (Magnetic Ink Character Recognition) is a 9-digit code used mainly for cheque clearing.
• Q: How long do transfers take using IFSC?
  A: IMPS is near-instant. NEFT transactions are processed quickly and are available 24×7; settlements may show within minutes. RTGS is for high-value real-time gross settlement (RBI minimum limit applies, check bank for current limits) and is also processed promptly. Actual credit time can vary by bank processing.
• Q: What should I do if a transfer fails or is returned?
  A: Contact the sending bank with the transaction reference and beneficiary IFSC/account number. Keep screenshots and the transaction ID. You can also call the branch at 9297954876 or the toll-free number 18001807777 for assistance.

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.