Bihar Gramin Bank Rajapakar IFSC Code

If you need to manage your banking transactions in Rajapakar, Vaishali, Bihar, understanding the specific details of your bank branch is crucial. The Bihar Gramin Bank branch in Rajapakar plays an important role for local residents and businesses. For any digital fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service), a unique code called the IFSC (Indian Financial System Code) is absolutely essential. This code ensures your money goes to the correct recipient bank and branch quickly and securely.

Bihar Gramin Bank Rajapakar Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Rajapakar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100023
Branch Address	Rajapakar, VAISHALI, 844124, 9297955032
Contact Number	9297955032
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844124
State	Bihar

Merger Update for Gramin Banks

In Bihar, many Regional Rural Banks (RRBs) have undergone significant restructuring and mergers over the years. This includes former entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), which have been part of these consolidation efforts. This restructuring often leads to a unified banking structure, usually sponsored by a larger public sector bank like Punjab National Bank.

As a result, the IFSC codes for these reorganized banks also become standardized. The IFSC code for the Bihar Gramin Bank Rajapakar branch, which is PUNB0MBGB06, reflects this change. It operates under the umbrella of Punjab National Bank’s sponsorship, with ‘PUNB’ standing for Punjab National Bank and ‘MBGB’ indicating the broader merged entity, *Madhya Bihar Gramin Bank*, which now encompasses various regional operations.

It is important for customers to know that any old IFSC codes previously associated with former entities like UBGB, DBGB, or other predecessor banks are now revoked. Only the new, unified IFSC codes, such as PUNB0MBGB06, are valid for all financial transactions. Using an old or incorrect IFSC code will result in transaction failure.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify all bank branches participating in online money transfers. It’s unique to each bank branch in India.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank’s name. For PUNB0MBGB06, ‘PUNB’ identifies Punjab National Bank as the sponsoring bank.
• The fifth character is always a ‘0’ (zero). This is kept for future use.
• The last six characters identify the specific branch. For PUNB0MBGB06, ‘MBGB06’ points to the Rajapakar branch within the Madhya Bihar Gramin Bank structure.

How to Use an IFSC Code

You will need the IFSC code whenever you want to transfer money online from your bank account to another account using NEFT, RTGS, or IMPS. Here’s a general guide:

1. Gather Beneficiary Details: You will need the recipient’s bank account number, their name, their bank name, and the specific IFSC code of their bank branch.
2. Log In to Your Net Banking or Mobile Banking App: Access your online banking portal or mobile application.
3. Select Fund Transfer Option: Choose options like ‘NEFT’, ‘RTGS’, or ‘IMPS’, depending on the urgency and amount you wish to transfer.
4. Add New Beneficiary: If you haven’t transferred to this person before, you will need to add them as a beneficiary. Provide their name, account number, account type (savings or current), and the IFSC code (PUNB0MBGB06 in this case).
5. Confirm and Transact: After adding the beneficiary, you can select them, enter the amount you want to send, and confirm the transaction. The IFSC code ensures your money is routed correctly to the Bihar Gramin Bank Rajapakar branch.

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 advantages:

• Error-Free Transfers: It helps prevent money from being sent to the wrong bank or branch, ensuring your transactions are accurate.
• Faster Processing: Correct IFSC codes allow for quick identification and processing of funds, leading to faster transfers.
• Secure Transactions: Each code acts as a unique identifier, adding an extra layer of security to your digital financial activities.
• Mandatory for Online Transfers: It’s a required field for all NEFT, RTGS, and IMPS transactions, making it essential for modern banking.
• Easy Branch Identification: The code clearly identifies the specific bank and branch, simplifying communication and verification.

Contact Information

For specific inquiries related to the Bihar Gramin Bank Rajapakar branch, you can use the following details:

• Branch Phone Number: 9297955032
• Branch Address: Rajapakar, VAISHALI, 844124, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

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

Q2: Is the 5th character of the IFSC code always zero?
A2: Yes, the fifth character in any IFSC code is always ‘0’ (zero). This is a standard design feature for future expansion.

Q3: Can I transfer money online without an IFSC code?
A3: No, an IFSC code is mandatory for all online fund transfers using NEFT, RTGS, or IMPS within India. It is essential for identifying the recipient’s bank and branch.

Q4: What happens if I use an old or incorrect IFSC code for a transaction?
A4: If you use an old or incorrect IFSC code, your transaction will likely fail. The system will not be able to correctly route the funds, and the money will be returned to your account after some time.

Q5: How quickly do funds transfer using an IFSC code?
A5: The speed of transfer depends on the service used:

• IMPS: Usually immediate, 24/7.
• NEFT: Processed in batches, typically within a few hours during banking hours.
• RTGS: Real-time and immediate for large transactions, generally during specific banking hours.