Bihar Gramin Bank Desari IFSC Code

The Bihar Gramin Bank branch in Desari, located in the Vaishali district of Bihar, is a key banking hub for the local community. For anyone needing to send money electronically to or from this branch, understanding its Indian Financial System Code (IFSC) is very important. The IFSC is a unique code that allows for secure and fast online fund transfers through systems like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service).

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Desari
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100005
Branch Address	Desari, VAISHALI, 844505
Contact Number	9297954980
City	VAISHALI
District	VAISHALI
Region	HAJIPUR
Pincode	844505
State	Bihar

Merger Update

The banking landscape for regional rural banks in Bihar has seen some significant changes. Originally, there were separate entities like Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank (MBGB). The Desari branch, which was part of Bihar Gramin Bank, now operates under the umbrella of the new Bihar Gramin Bank. This new bank was formed through a merger of Madhya Bihar Gramin Bank (MBGB) and Uttar Bihar Gramin Bank (UBGB) in 2019. It is sponsored by Punjab National Bank.

As a result of this merger, all branches now use a unified system. The current and only valid IFSC code for the Desari branch is PUNB0MBGB06. It is crucial to remember that any old IFSC codes previously associated with entities like Uttar Bihar Gramin Bank, or even the former Madhya Bihar Gramin Bank, are now revoked. For any financial transaction, only the new IFSC code, PUNB0MBGB06, is valid and must be used.

What is an IFSC Code?

The IFSC Code is an 11-character alphanumeric code used to identify all bank branches involved in electronic fund transfers. Think of it as a unique address for each bank branch in India.

Let’s break down the IFSC code for the Desari branch, PUNB0MBGB06, as an example:

• The first four characters, PUNB, identify the bank itself. In this case, it stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters, MBGB06, represent the specific branch code. This part is unique to the Desari branch within the Bihar Gramin Bank network.

This structure ensures that every transaction is routed to the correct bank and the correct branch, minimizing errors.

How to Use an IFSC Code

Using the IFSC code for electronic fund transfers is straightforward. Whether you’re making a payment via NEFT, RTGS, or IMPS, the steps are generally similar:

1. Log in to your online banking portal or mobile banking app: Access your account securely.
2. Navigate to the fund transfer section: Look for options like “Add Beneficiary,” “Transfer Funds,” or “Payments.”
3. Add the beneficiary details: This involves providing information about the person or entity you are sending money to.
4. Enter the Beneficiary’s Account Number: Double-check this number carefully.
5. Enter the Beneficiary’s Bank Name: In this case, Bihar Gramin Bank.
6. Enter the IFSC Code: Input PUNB0MBGB06 for the Desari branch. Make sure there are no typos.
7. Confirm Beneficiary Details: The system will usually fetch the beneficiary’s branch name after you enter the IFSC. Verify that it matches “Desari.”
8. Enter the amount: Specify how much money you wish to send.
9. Select the transfer type: Choose NEFT, RTGS, or IMPS based on the amount and urgency. NEFT and IMPS are good for smaller amounts, while RTGS is typically for larger sums and instant settlement.
10. Review and Confirm: Before finalizing, always review all the details one last time. A small error can lead to funds being sent to the wrong account.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your branch, or for the recipient’s branch, offers several important benefits:

• Facilitates Secure Transactions: The unique code ensures that your funds are directed to the intended recipient’s bank and branch without errors.
• Enables Fast Transfers: IFSC codes are essential for quick electronic transfers like NEFT, RTGS, and IMPS, allowing money to move between accounts efficiently, sometimes instantly.
• Identifies Specific Branches: It helps in precisely locating a specific bank branch anywhere in India, making it easier for banks to process transactions.
• Reduces Manual Errors: By standardizing the identification process, it minimizes the chances of human error that can occur with manual checks.
• Supports Nationwide Banking: The IFSC system allows for seamless money transfers across different banks and branches throughout the country.

Contact Information

For inquiries related to the Desari branch or the bank’s services, you can use the following contact details:

• Branch Phone Number (Desari): 9297954980
• Branch Address (Desari): Desari, VAISHALI, 844505
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Service: 18001807777

FAQs

Q1: What is the exact IFSC code for Bihar Gramin Bank, Desari branch?
A1: The exact IFSC code for Bihar Gramin Bank, Desari branch, is PUNB0MBGB06.

Q2: Is the Desari branch part of a merged bank?
A2: Yes, the Desari branch now operates under the new Bihar Gramin Bank. This bank was formed by the merger of Madhya Bihar Gramin Bank (MBGB) and Uttar Bihar Gramin Bank (UBGB) and is sponsored by Punjab National Bank.

Q3: Can I still use an old IFSC code for transactions to the Desari branch?
A3: No, you should only use the current IFSC code, PUNB0MBGB06. Any old IFSC codes associated with previous bank entities are no longer valid for electronic fund transfers.

Q4: What other details do I need besides the IFSC code to transfer funds?
A4: Besides the IFSC code, you will need the beneficiary’s full name, their bank account number, the type of account (savings, current, etc.), and the amount you wish to transfer.

Q5: What is the purpose of the ‘0’ in the fifth position of the IFSC code?
A5: The ‘0’ in the fifth position is a control character, serving as a placeholder. It is reserved by the Reserve Bank of India (RBI) for future use and helps to clearly separate the bank code from the branch identifier.