Bihar Gramin Bank Panapur Nariyar IFSC Code

This page covers the Bihar Gramin Bank, Panapur Nariyar branch in Muzaffarpur, Bihar. The branch serves retail and rural customers and accepts and processes fund transfers (NEFT, RTGS, IMPS). The IFSC code is essential for electronic transfers: it identifies the bank and branch so funds route correctly and settle without manual intervention. Using the correct IFSC prevents failed transfers, delays, or funds being credited to the wrong branch.

Branch Details

Merger Update

Bihar Gramin Bank branches in this region were part of the regional-rural-bank restructuring involving Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both UBGB and DBGB have been merged into a single system that now uses the unified IFSC code PUNB0MBGB06 under Punjab National Bank (PNB) as sponsor bank. Old UBGB and DBGB IFSC codes have been revoked. For NEFT/RTGS/IMPS transactions, use only the new IFSC PUNB0MBGB06. Any transfers attempted with deprecated IFSC codes will likely be rejected or delayed.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to uniquely identify bank branches for electronic payments. The structure is:

• First 4 characters: Bank identifier (example: PUNB = Punjab National Bank).
• 5th character: Always zero (reserved for future use).
• Last 6 characters: Branch identifier (example: MBGB06 is the branch element in PUNB0MBGB06).

So in PUNB0MBGB06, PUNB denotes the sponsor bank (PNB), 0 is the fixed fifth character, and MBGB06 points to the specific Panapur Nariyar branch.

How to Use IFSC Code (NEFT, RTGS, IMPS)

Follow these steps when transferring funds from an internet banking portal, mobile app, or bank branch:

• Step 1 — Collect correct details: Get recipient name, account number, and IFSC PUNB0MBGB06. Confirm MICR 800811002 if needed for cheques.
• Step 2 — Add beneficiary: In your bank app or netbanking, choose “Add Beneficiary” or “New Payee”. Enter name, account number, and the IFSC exactly as PUNB0MBGB06. Select account type (savings/current).
• Step 3 — Verify beneficiary: Most banks require OTP or in-branch verification. Complete the verification before initiating payment. Some banks impose a cooling period (few minutes to 24 hours) before transfers to a newly added beneficiary are allowed.
• Step 4 — Choose transfer method: Select NEFT, RTGS, or IMPS depending on amount and urgency.
• Step 5 — Enter amount and remarks: Confirm the amount. For RTGS, check the minimum amount requirement (varies by bank). For NEFT and IMPS, there may be per-transaction or daily limits set by your bank.
• Step 6 — Authorize and note reference: Authorize with OTP/transaction password and save the transaction reference for tracking.
• Step 7 — Confirm beneficiary credit: Verify with the recipient that funds arrived. If not, contact your bank with the transaction reference.

Practical tips: copy-paste the IFSC where possible to avoid typing errors. If your bank’s form validates IFSC, confirm the bank and branch name shown by the app matches “Bihar Gramin Bank, Panapur Nariyar / PNB sponsor” before proceeding.

Benefits of Knowing the Correct IFSC

• Ensures funds are routed to the correct bank branch for NEFT, RTGS, and IMPS.
• Reduces failed transactions and related delays or manual reconciliation.
• Makes beneficiary setup faster in netbanking and mobile apps.
• Helps verify branch identity when combined with MICR and branch code.
• Required for electronic mandates, inward remittances, and many utility or government payment platforms.

Contact

Branch phone no: 9297955390

Branch Address: Panapur Nariyar, MUZAFFARPUR, 843109

Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll free no: 18001807777

FAQs

• Q: Can I use any old UBGB or DBGB IFSC for transfers to this branch?

  A: No. Old UBGB or DBGB IFSC codes have been revoked. Use only PUNB0MBGB06 for NEFT/RTGS/IMPS to this branch.

• Q: What if I enter the wrong IFSC by mistake?

  A: If the IFSC points to a valid but different branch, funds may go to that branch and require manual reconciliation. If the IFSC is invalid, the transaction will typically be rejected and returned to your account. Contact your bank immediately with the transaction reference to resolve the issue.

• Q: How do I verify the IFSC before initiating a transfer?

  A: Verify the IFSC on a cheque leaf or passbook, ask the beneficiary to confirm from their bank, or call the branch at 9297955390. Also cross-check the bank name that appears in your payment form after entering IFSC.

• Q: Are there differences in timing and limits between NEFT, RTGS and IMPS?

  A: Yes. IMPS is instant and available 24×7 for smaller amounts. NEFT is typically used for retail transfers and now operates round-the-clock in batches; settlement times can be quick but may vary by bank. RTGS is intended for high-value transfers and often has a minimum amount requirement; RTGS services also operate 24×7 but check with your bank for any operational windows or charges.

• Q: What should I do if funds don’t reach the beneficiary?

  A: Keep your transaction reference and timestamp. Contact your bank’s customer support and provide the reference, beneficiary account, IFSC (PUNB0MBGB06), and amount. The bank will track the transaction and initiate a trace or refund if required.

Kriti Kumari

Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.