Bihar Gramin Bank Bhagwanpur Ratti IFSC Code

Located in Bhagwanpur Ratti, Vaishali district, Bihar, the Bihar Gramin Bank branch serves local residents and businesses. When you need to transfer money electronically, whether through NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) is crucial. This unique code ensures your funds reach the intended bank and branch safely and efficiently. Without it, electronic transfers cannot be processed.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Bhagwanpur Ratti
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100054
Branch Address	Bhagwanpur Ratti, Vaishali, 844113
Contact Number	9297954971
City	Vaishali
District	Vaishali
Reason	Hajipur
Pincode	844113
State	Bihar

Merger Update

The Bihar Gramin Bank, including its Bhagwanpur Ratti branch, is the result of a significant merger. Formerly, there were Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two entities merged to form the current Bihar Gramin Bank, which is now sponsored by Punjab National Bank. Due to this merger and sponsorship, all branches operate under a unified system. This means that all old IFSC codes belonging to UBGB or DBGB are no longer valid for transactions. For the Bhagwanpur Ratti branch, and all other Bihar Gramin Bank branches, the only valid IFSC code structure begins with PUNB0. Therefore, for this specific branch, PUNB0MBGB06 is the only correct and active IFSC code for all electronic fund transfers.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. This code acts like a digital address for each branch.

Here’s how the 11 characters are structured:

• The first four characters represent the bank’s 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 and helps differentiate between bank and branch codes.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” points to the Bhagwanpur Ratti branch of Bihar Gramin Bank.

This structure ensures that money transferred using this code goes to the exact bank and branch intended.

How to Use IFSC Code

You will need the IFSC code whenever you perform an electronic fund transfer. Here’s how it’s used for different types of transactions:

For NEFT (National Electronic Funds Transfer):

1. Log into your net banking account or visit your bank branch.
2. Select “NEFT” as the transfer type.
3. Enter the beneficiary’s name, account number, account type (savings, current), and the beneficiary bank’s IFSC code (e.g., PUNB0MBGB06 for Bhagwanpur Ratti branch).
4. Specify the amount you wish to transfer.
5. Confirm the details and proceed with the transfer.

For RTGS (Real Time Gross Settlement):

1. RTGS is typically used for large value transactions. Access your net banking portal or visit the branch.
2. Choose “RTGS” as your transfer method.
3. Provide the beneficiary’s name, account number, account type, and the correct IFSC code (PUNB0MBGB06).
4. Enter the transfer amount (minimum transfer amount for RTGS is usually INR 2,00,000).
5. Review all information carefully before initiating the transfer.

For IMPS (Immediate Payment Service):

1. IMPS allows instant transfers using mobile banking or net banking.
2. Select “IMPS” and choose to transfer using Account Number + IFSC.
3. Input the beneficiary’s account number and the Bhagwanpur Ratti branch’s IFSC code (PUNB0MBGB06).
4. Enter the amount.
5. Verify the details; the amount will be transferred almost instantly.

Benefits of Knowing IFSC Code

Knowing the correct IFSC code for the Bihar Gramin Bank, Bhagwanpur Ratti branch, offers several advantages:

• Accurate Transfers: Ensures your money reaches the right bank and branch without errors.
• Faster Processing: Correct IFSC codes help banks process your transactions quickly, especially for NEFT, RTGS, and IMPS.
• Security: Reduces the risk of funds being misdirected to an incorrect account.
• Convenience: Essential for setting up recurring payments, bill payments, and online shopping using bank transfers.
• Mandatory for Online Banking: You cannot initiate electronic transfers via internet banking or mobile banking without it.

Contact Information

Should you need to reach out to the Bihar Gramin Bank, Bhagwanpur Ratti branch, or the head office, here are the details:

• Branch Phone Number: 9297954971
• Branch Address: Bhagwanpur Ratti, VAISHALI, 844113, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code PUNB0MBGB06 valid for all types of electronic transfers?

A1: Yes, PUNB0MBGB06 is the correct and valid IFSC code for all electronic fund transfers, including NEFT, RTGS, and IMPS, for the Bihar Gramin Bank, Bhagwanpur Ratti branch.

Q2: What happens if I use an old IFSC code for a Bihar Gramin Bank branch?

A2: If you use an old IFSC code (from before the merger or sponsorship by PNB), your transaction will likely fail. The banking system will not recognize the old code as valid, and the funds will not be transferred.

Q3: Can I find the IFSC code on my passbook or cheque book?

A3: Yes, the IFSC code is typically printed on your bank’s passbook and on the top left corner of your cheque leaves. Always double-check with official bank sources if you are unsure.

Q4: What is the difference between IFSC and MICR code?

A4: The IFSC code (Indian Financial System Code) is used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing cheques. Both are unique identifiers for bank branches but serve different purposes.

Q5: How can I verify the IFSC code for the Bhagwanpur Ratti branch?

A5: You can verify the IFSC code by checking your passbook or cheque book, visiting the bank’s official website, using banking apps, or contacting the branch directly at 9297954971.