Bihar Gramin Bank Bhikhampur Bazar IFSC Code

Here’s what you need to know about the Bihar Gramin Bank branch at Bhikhampur Bazar in SIWAN, Bihar. This information is important for anyone looking to send or receive money electronically. The IFSC code is a unique identifier essential for various digital transactions like NEFT, RTGS, and IMPS, ensuring that your funds reach the correct bank and specific branch without any issues.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Bhikhampur Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100665
Branch Address	Bhikhampur Bazar, SIWAN, 841408, 9297954475
Contact Number	9297954475
City	SIWAN
District	SIWAN
Region	SIWAN
Pincode	841408
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). It was formed through the amalgamation of several regional rural banks in Bihar, including what were formerly known as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) and Madhya Bihar Gramin Bank (MBGB).

Due to these mergers and restructuring, all branches of these erstwhile banks now operate under the unified structure of Bihar Gramin Bank. Importantly, all their IFSC codes have been standardized. The IFSC code for the Bhikhampur Bazar branch, PUNB0MBGB06, reflects this new structure, where “PUNB” indicates the sponsoring bank (Punjab National Bank) and “MBGB” represents the merged entity’s identifier. This means that any old IFSC codes previously associated with branches of UBGB or DBGB are no longer valid for transactions. You must use the new, updated IFSC codes, such as PUNB0MBGB06 for the Bhikhampur Bazar branch, for all electronic fund transfers.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It’s an 11-character alphanumeric code uniquely identifying every bank branch in India participating in electronic funds transfer systems. Think of it as a specific digital address for a bank branch.

The 11 characters are structured in a specific way:

• The first four characters represent the bank name. For Bihar Gramin Bank, sponsored by Punjab National Bank, these are usually "PUNB" or similar identifiers linked to the sponsoring bank.
• The fifth character is always a "0" (zero). This character is reserved for future use by the Reserve Bank of India.
• The last six characters uniquely identify the specific bank branch. In the case of PUNB0MBGB06, "MBGB06" points directly to the Bhikhampur Bazar branch.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you want to transfer money electronically. Here’s how it works for popular methods like NEFT, RTGS, and IMPS:

1. Gather Recipient Details: Before initiating any transfer, you will need the recipient’s full name, their bank account number, and the correct IFSC code for their specific bank branch.
2. Choose Your Transfer Method: Decide whether you want to use NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service). Each has different processing times and limits.
3. Access Your Banking Service: Log in to your net banking portal, use your mobile banking app, or fill out a physical slip at your bank branch.
4. Enter Details: Navigate to the "Fund Transfer" or "Add Beneficiary" section. You will be prompted to enter the recipient’s bank account number, confirm it, enter their name, and then provide the IFSC code. For the Bhikhampur Bazar branch, you would input PUNB0MBGB06.
5. Verify and Confirm: The system often automatically fetches the bank and branch name once you enter the IFSC code. Always double-check all details, especially the account number and IFSC code, to ensure accuracy before confirming the transaction. This prevents money from being sent to the wrong place.

Benefits

Knowing and using the correct IFSC code offers several important advantages for financial transactions:

• It ensures that electronic fund transfers like NEFT, RTGS, and IMPS are routed to the specific, correct bank branch without error.
• It makes financial transactions faster and more efficient, as the code acts as a precise digital address for the branch.
• It minimizes the risk of transferring money to the wrong account or getting stuck due to incorrect routing information.
• It is mandatory for initiating any major electronic fund transfer within India, providing a standardized system for all banks.
• It helps in clearly identifying the sponsoring bank and the regional rural bank itself, as seen with "PUNB" and "MBGB" components.

Contact Section

For inquiries related to the Bhikhampur Bazar branch or general banking services, you can use the following contact information:

• Branch Phone Number: 9297954475
• Branch Address: Bhikhampur Bazar, SIWAN, 841408, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some commonly asked questions about the IFSC code and Bihar Gramin Bank:

Q1: What is the IFSC code for Bihar Gramin Bank, Bhikhampur Bazar branch?

A1: The IFSC code for the Bihar Gramin Bank, Bhikhampur Bazar branch, is PUNB0MBGB06.

Q2: Is the Bhikhampur Bazar branch part of a larger bank?

A2: Yes, Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). This means it operates under the guidance and support of PNB, which is why its IFSC code starts with "PUNB."

Q3: Can I still use an old IFSC code if my branch was formerly part of Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?

A3: No, you should not use old IFSC codes. Following the mergers, all branches now use updated IFSC codes under the unified Bihar Gramin Bank structure. Old codes are revoked and will not work for transactions. Always verify and use the current IFSC code, like PUNB0MBGB06, for your transfers.

Q4: What happens if I use an incorrect IFSC code during a transaction?

A4: If you use an incorrect IFSC code, your transaction will likely fail and be rejected by the banking system. In some rare cases, if the incorrect code happens to belong to another valid branch and the account number matches a valid account there, your funds could be misdirected. It is crucial to always double-check the IFSC code to prevent delays or loss of funds.

Q5: How can I find the IFSC code for other branches of Bihar Gramin Bank?

A5: You can find IFSC codes on the official Bihar Gramin Bank website, on your bank passbook or checkbook, or by using online IFSC code lookup tools provided by various financial websites or the Reserve Bank of India (RBI).