Bihar Gramin Bank Thepaha Bazar IFSC Code

The Bihar Gramin Bank branch located in Thepaha Bazar, within the Siwan district of Bihar, plays a vital role in local financial transactions. For anyone needing to transfer money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code is like a unique address that makes sure your money goes to the correct bank and specific branch when you use services like NEFT, RTGS, or IMPS. It ensures all digital fund transfers are accurate and reach their intended recipient without errors.

Branch Details

Here are the key details for the Bihar Gramin Bank, Thepaha Bazar branch:

Bank Name	Bihar Gramin Bank
Branch Name	Thepaha Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100683
Branch Address	Thepaha Bazar, SIWAN, 841245, 9297954477
Contact Number	9297954477
City	SIWAN
District	SIWAN
Reason	SIWAN
Pincode	841245
State	Bihar

Merger Update

Previously, there were Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two regional rural banks have now merged to form the unified Bihar Gramin Bank. This new entity operates under the sponsorship of Punjab National Bank.

It is very important to note that all old IFSC codes belonging to UBGB and DBGB have been revoked. For any transactions with Bihar Gramin Bank, including the Thepaha Bazar branch, you must use the new, standardized IFSC code: PUNB0MBGB06. Using any old IFSC code will result in your transaction failing.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alpha-numeric code that uniquely identifies all bank branches participating in online money transfers in India. This code is crucial for ensuring that your funds are sent to the correct bank and branch.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the Thepaha Bazar branch of Bihar Gramin Bank.

How to Use IFSC Code

When you want to send money using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC code is a key piece of information you will need. Here’s a general guide on how to use it:

1. Log in to Your Banking Account: Access your net banking portal or mobile banking app.
2. Select Fund Transfer Option: Choose NEFT, RTGS, or IMPS, depending on the urgency and amount.
3. Add Beneficiary Details: If you’re sending money to a new person, you’ll need to add them as a beneficiary first. This usually requires their name, account number, and the IFSC code of their bank branch.
4. Enter IFSC Code: Carefully enter the 11-character IFSC code, PUNB0MBGB06, for the Bihar Gramin Bank Thepaha Bazar branch.
5. Enter Account Number: Input the beneficiary’s correct bank account number. Double-check this for accuracy.
6. Enter Amount: Specify the amount of money you wish to transfer.
7. Confirm and Transact: Review all the details one last time before confirming the transaction. This ensures the money reaches the right person.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for someone you’re sending money to, offers several important benefits:

• Accurate Fund Transfers: It guarantees that your money is sent to the precise bank and branch, minimizing the risk of errors.
• Faster Transactions: IFSC codes enable quick processing of digital payments like NEFT, RTGS, and IMPS, ensuring funds are credited efficiently.
• Security: It adds a layer of security to online transactions, as the code acts as a unique identifier, reducing fraud.
• Inter-bank Transfers: It facilitates seamless money transfers between different banks across India.
• Convenience: With the correct IFSC, you can conduct banking transactions from anywhere, anytime, using online platforms.

Contact Information

For inquiries related to the Thepaha Bazar branch of Bihar Gramin Bank, or the bank’s services in general, you can use the following contact details:

• Branch Phone Number (Thepaha Bazar): 9297954477
• Branch Address (Thepaha Bazar): Thepaha Bazar, SIWAN, 841245, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank Thepaha Bazar IFSC code and related services:

Q: What is the IFSC code for Bihar Gramin Bank Thepaha Bazar branch?
A: The IFSC code for Bihar Gramin Bank Thepaha Bazar branch is PUNB0MBGB06.

Q: Is Bihar Gramin Bank a public sector bank?
A: Yes, Bihar Gramin Bank is a Regional Rural Bank (RRB), sponsored by Punjab National Bank, which is a public sector bank. RRBs are government-owned financial institutions.

Q: What happens if I use an old IFSC code for Bihar Gramin Bank?
A: If you use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, your transaction will likely fail. You must use the new code, PUNB0MBGB06, for all transactions with the unified Bihar Gramin Bank.

Q: Where else can I find the IFSC code for my branch?
A: You can usually find your bank’s IFSC code on your cheque book, passbook, or by logging into your online banking portal. It is also available on the official website of Bihar Gramin Bank or Punjab National Bank.

Q: What is the main difference between NEFT and RTGS?
A: NEFT processes transactions in batches, meaning there might be a slight delay as funds are settled periodically throughout the day. RTGS, on the other hand, processes transactions individually and in real-time, making it faster, especially for high-value transfers. IMPS offers instant transfers 24/7, even on holidays.