Bihar Gramin Bank Kaithwan IFSC Code

You need to transfer funds to a bank account at the Kaithwan branch of Bihar Gramin Bank. To do this, you’ll need the Indian Financial System Code, or IFSC. This code is crucial for secure and accurate digital money transfers through systems like NEFT, RTGS, and IMPS. It acts like a unique address for each bank branch, ensuring your money reaches the right destination. The Kaithwan branch is located in Sheikhpura, Bihar, and understanding its specific IFSC code is the first step for any online transaction.

Branch Details

Here are the key details for the Kaithwan branch:

Bank Name	Bihar Gramin Bank
Branch Name	Kaithwan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3304
Branch Address	Kaithwan, Sheikhpura, 811107, 8102918593
Contact Number	8102918593
City	Sheikhpura
District	Sheikhpura
Reason	NAWADA
Pincode	811107
State	Bihar

Merger Update

It’s important to know that the original Bihar Gramin Bank, along with Rajya Gramin Bank, merged to form Madhya Bihar Gramin Bank (MBGB). This new entity is sponsored by Punjab National Bank. Because of this merger, all branches that were formerly under Bihar Gramin Bank now operate under Madhya Bihar Gramin Bank and use a unified IFSC code structure.

The IFSC code PUNB0MBGB06 is the valid and current code for the Kaithwan branch of Madhya Bihar Gramin Bank. Any old IFSC codes associated with the erstwhile Bihar Gramin Bank are no longer valid for transactions. Always use the updated code, PUNB0MBGB06, for all your fund transfers to ensure they are processed correctly.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers within India. Think of it as a unique digital address for a bank branch.

The structure of the IFSC code is specific:

• The first four characters represent the bank’s name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, which sponsors Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between the bank code and the branch code.
• The last six characters identify the specific branch. In our example, “MBGB06” uniquely points to a specific branch or cluster of branches within the Madhya Bihar Gramin Bank network.

This standardized structure ensures that money transferred digitally always reaches the intended bank and branch.

How to Use an IFSC Code

You will need the IFSC code when initiating various types of online fund transfers. Here’s how you typically use it:

• For NEFT (National Electronic Funds Transfer):
  1. Log in to your bank’s internet banking portal or mobile app.
  2. Go to the ‘Fund Transfer’ section.
  3. Select ‘NEFT’.
  4. Add the beneficiary (the person you are sending money to). You’ll need their bank account number, account holder’s name, and the IFSC code (PUNB0MBGB06 in this case).
  5. Enter the amount you wish to transfer and confirm the transaction.
• For RTGS (Real Time Gross Settlement):
  1. Similar to NEFT, log in to your banking platform.
  2. Choose ‘RTGS’ for large-value transfers (typically Rs 2 lakh and above).
  3. Provide the beneficiary details including their account number, name, and the IFSC code (PUNB0MBGB06).
  4. Enter the transfer amount and complete the process.
• For IMPS (Immediate Payment Service):
  1. Access IMPS through your mobile banking app or internet banking.
  2. Select the ‘IMPS’ option.
  3. You will need the beneficiary’s Mobile Money Identifier (MMID) and mobile number, or their account number and the IFSC code (PUNB0MBGB06).
  4. Input the amount and finalize the instant transfer.

Always double-check the IFSC code and account number before confirming any transaction to avoid errors.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several advantages:

• It enables secure and swift online fund transfers through NEFT, RTGS, and IMPS.
• It minimizes the risk of transferring money to the wrong account, as it uniquely identifies the recipient’s bank branch.
• It’s essential for adding new beneficiaries to your online banking profile.
• It allows you to receive funds from others into your account by providing them with your account number and the correct IFSC.
• It is often required for various financial transactions beyond simple fund transfers, such as applying for loans or updating KYC details.

Contact Section

For any banking queries related to the Kaithwan branch, you can use the following contact details:

• Branch Phone Number: 8102918593
• Branch Address: Kaithwan, Sheikhpura, 811107
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank – sponsor bank): 18001807777

FAQs

Here are some frequently asked questions about the IFSC code for Bihar Gramin Bank, Kaithwan branch:

Q1: Is PUNB0MBGB06 the correct IFSC code for Bihar Gramin Bank, Kaithwan?
A1: Yes, PUNB0MBGB06 is the correct and current IFSC code for the Kaithwan branch. It belongs to Madhya Bihar Gramin Bank, which is the merged entity that includes the former Bihar Gramin Bank branches.

Q2: Can I still use an old IFSC code for Bihar Gramin Bank?
A2: No, you should not use any old IFSC codes. Due to the merger, all previous IFSC codes for the erstwhile Bihar Gramin Bank have been revoked. Always use PUNB0MBGB06 for transactions to the Kaithwan branch.

Q3: What services can I use with this IFSC code?
A3: You can use this IFSC code for all major online fund transfer services, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Q4: What do the different parts of the IFSC code PUNB0MBGB06 mean?
A4: “PUNB” identifies Punjab National Bank (the sponsor bank). The fifth character “0” is a control digit. “MBGB06” identifies the specific branch within Madhya Bihar Gramin Bank.

Q5: Where can I find the IFSC code if I don’t have it?
A5: You can typically find the IFSC code on your bank’s cheque book, passbook, or statement. It is also available on the official website of Madhya Bihar Gramin Bank or through online bank branch locators.