Bihar Gramin Bank Ratanpura IFSC Code

Welcome to the details for Bihar Gramin Bank’s Ratanpura branch, located in Supaul, Bihar. When you need to transfer money electronically, whether through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a specific code called the IFSC (Indian Financial System Code) is essential. This unique code makes sure your money goes to the correct bank and branch without any issues, ensuring smooth and secure transactions.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Ratanpura
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100833
Branch Address	Ratanpura, SUPAUL, 852128, 9297954272
Contact Number	9297954272
City	Supaul
District	Supaul
Reason	Saharsa
Pincode	852128
State	Bihar

Merger Update

The Ratanpura branch, like many Regional Rural Banks (RRBs) in Bihar, operates under the sponsorship of a larger public sector bank. The IFSC code PUNB0MBGB06 indicates that this branch falls under the umbrella of Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank.

It is important to understand how such banking structures handle mergers. For instance, if a branch previously belonged to Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) and has undergone a merger or restructuring, it would now be assigned a new, unified IFSC code. In specific merger scenarios, as directed for this article, codes like PUNB0MBGB06 (which signifies Punjab National Bank sponsorship for Madhya Bihar Gramin Bank) are assigned to the new entity. This means that any old IFSC codes specific to UBGB or DBGB are revoked. Only the new, assigned IFSC code, such as PUNB0MBGB06, remains valid for all current and future financial transactions.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is a unique 11-character code. It’s used by the Reserve Bank of India (RBI) to identify every bank branch in India participating in electronic fund transfers. Think of it like a digital address for a specific branch.

The code is structured in a precise way:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, its sponsor bank.
• The fifth character is always a “0” (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In this case, “MBGB06” uniquely points to the Ratanpura branch of Madhya Bihar Gramin Bank.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you’re sending money electronically. Here’s a step-by-step guide for common fund transfer methods:

• For NEFT (National Electronic Funds Transfer):
  1. Log into your bank’s online banking portal or mobile app.
  2. Select the option for “Fund Transfer” and then “NEFT.”
  3. Add a new beneficiary (the person or entity you’re sending money to).
  4. You will need the beneficiary’s name, account number, bank name (Bihar Gramin Bank / Madhya Bihar Gramin Bank), and the branch’s IFSC code (PUNB0MBGB06).
  5. Enter the amount you wish to send and confirm the transaction.
• For RTGS (Real Time Gross Settlement):
  1. Access your online banking or mobile app and choose “Fund Transfer” and then “RTGS.”
  2. Like NEFT, you’ll need to add or select the beneficiary.
  3. Provide the beneficiary’s account details, bank name, and the IFSC code (PUNB0MBGB06).
  4. Enter the amount. RTGS is generally used for larger sums, typically above Rs. 2 lakh.
  5. Review and confirm the payment.
• For IMPS (Immediate Payment Service):
  1. Open your mobile banking app or use internet banking.
  2. Select “IMPS” for instant fund transfer.
  3. You can usually send money using the beneficiary’s mobile number and MMID, or by using their bank account number and the IFSC code (PUNB0MBGB06).
  4. Enter the amount and authorize the transaction. The money transfers almost instantly.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand provides several important benefits:

• Accuracy in Transfers: It ensures your money reaches the intended beneficiary’s exact bank and branch, preventing misdirection of funds.
• Faster Transactions: Correct IFSC codes help electronic systems process NEFT, RTGS, and IMPS transfers more quickly and efficiently.
• Security: By identifying the precise branch, the IFSC code adds a layer of security to your financial transactions.
• Convenience: You can initiate and complete bank transfers from anywhere, at any time, using online banking or mobile apps.
• Required for Online Payments: Many online payment platforms and services require an IFSC code for bank-to-bank transfers.

Contact Section

For any inquiries or assistance related to the Ratanpura branch, you can use the following contact information:

• Branch Phone Number: 9297954272
• Branch Address: Ratanpura, SUPAUL, 852128, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code PUNB0MBGB06 valid for all branches of Bihar Gramin Bank?
A1: No, the IFSC code PUNB0MBGB06 is specific to the Ratanpura branch of Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank. Each branch of Madhya Bihar Gramin Bank, or any other Regional Rural Bank, will have its own unique IFSC code.

Q2: What happens if I use an incorrect IFSC code for a transfer?
A2: If you use an incorrect IFSC code, the transaction will likely fail. The banking system will detect the mismatch between the IFSC code and the beneficiary’s account details, preventing the transfer from going through. It’s crucial to double-check the code to avoid delays.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on your bank’s passbook and on the top left corner of your chequebook. You can also find it on the bank’s official website or through online IFSC code lookup tools.

Q4: Is an IFSC code required for cash deposits at the branch?
A4: No, an IFSC code is not required for making a cash deposit directly at the bank branch counter. The IFSC code is specifically for electronic fund transfers like NEFT, RTGS, and IMPS, where you are sending money from one bank account to another digitally.

Q5: How does the “0” (zero) in the IFSC code contribute to its functionality?
A5: The fifth character in an IFSC code is always a “0” (zero) and serves as a placeholder. Its main purpose is to allow for future expansion of the IFSC code structure if needed. For now, it simply acts as a separator between the bank code and the branch code, ensuring a standardized format.