Bihar Gramin Bank Jurawanpur IFSC Code

The Jurawanpur branch of Bihar Gramin Bank is located in Vaishali, Bihar. This branch serves as a vital financial hub for the local community, facilitating various banking services. When you need to send or receive money electronically in India, an Indian Financial System Code, or IFSC code, is essential. This unique code ensures that your funds reach the correct bank and branch without errors. It is a mandatory requirement for online transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS).

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Jurawanpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100117
Branch Address	Jurawanpur, VAISHALI, 844508
Contact Number	9297954999
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844508
State	Bihar

Merger Update

Please note an important update regarding Bihar Gramin Bank. Bihar Gramin Bank, along with Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), has undergone a merger. All these regional rural banks are now operating under the umbrella of Madhya Bihar Gramin Bank (MBGB). This new entity is sponsored by Punjab National Bank.

This merger means that all previous IFSC codes associated with the old Bihar Gramin Bank (as well as UBGB and DBGB) have been revoked. For any electronic fund transfers to or from the Jurawanpur branch, or any other branch of the newly merged entity, you must use the new IFSC code: PUNB0MBGB06. Using an old or incorrect IFSC code will result in transaction failure. Always ensure you are using the updated code for all your NEFT, RTGS, and IMPS transactions.

What is an IFSC Code?

An IFSC code is a unique 11-character alphanumeric code. It identifies every bank branch participating in online financial transactions in India. The Reserve Bank of India (RBI) assigns these codes to facilitate smooth and secure fund transfers.

Let’s break down the structure of the Jurawanpur branch’s IFSC code, PUNB0MBGB06:

• The first four characters, PUNB, identify the bank that sponsors the regional rural bank, in this case, Punjab National Bank.
• The fifth character is always a zero (0). This is a control character reserved for future use.
• The last six characters, MBGB06, represent the specific branch. Here, ‘MBGB’ signifies Madhya Bihar Gramin Bank, and ’06’ likely identifies the Jurawanpur branch within their system.

This structure helps accurately direct your funds to the intended recipient’s bank and branch.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re making an online fund transfer. Here’s a step-by-step guide for NEFT, RTGS, and IMPS:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Navigate to Fund Transfer: Look for options like “Fund Transfer,” “Payments,” or “Send Money.”
3. Add Beneficiary (First Time): If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves providing:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Beneficiary’s Bank Name (Madhya Bihar Gramin Bank)
   • The correct IFSC Code (PUNB0MBGB06)
   • Account Type (Savings, Current, etc.)
4. Select Beneficiary and Transfer Type: Once the beneficiary is added, select their name. Then, choose your preferred transfer method: NEFT, RTGS, or IMPS.
5. Enter Amount and Confirm: Input the amount you wish to transfer. Review all details carefully, especially the account number and IFSC code, before confirming the transaction.
6. Complete Transaction: Authorize the transfer, often with an OTP (One-Time Password) or transaction PIN.

For RTGS, there’s typically a minimum transfer amount (often ₹2 lakh). NEFT has no minimum, and IMPS is for instant, smaller transfers.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for the Jurawanpur branch offers several key advantages for your financial transactions:

• Accurate Fund Transfers: Ensures your money goes to the exact bank and branch intended, minimizing errors.
• Faster Processing: Correct codes streamline the processing of NEFT, RTGS, and IMPS transactions.
• Security: Reduces the risk of funds being misdirected, adding a layer of security to your online transfers.
• Convenience: Allows you to perform banking transactions from anywhere, anytime, without needing to visit a physical branch.
• Essential for Online Banking: It’s a mandatory piece of information for all electronic money transfers within India.

Contact Information

If you need to get in touch with the Jurawanpur branch or the bank’s head office, here are the contact details:

• Jurawanpur Branch Phone Number: 9297954999
• Jurawanpur Branch Address: Jurawanpur, VAISHALI, 844508, Bihar
• Madhya Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Madhya Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 only for the Jurawanpur branch?
A: No, the full 11-character IFSC code PUNB0MBGB06 is unique to the Jurawanpur branch of Madhya Bihar Gramin Bank. While the first few characters (PUNB0MBGB) identify the bank, the last six characters are specific to this particular branch.

Q2: What should I do if my transaction fails due to an incorrect IFSC code?
A: If a transaction fails because of an incorrect IFSC code, the funds are usually reverted to your account within a few hours or one working day. You should then re-initiate the transaction using the correct IFSC code, PUNB0MBGB06, for the Jurawanpur branch.

Q3: Can I use the old Bihar Gramin Bank IFSC code?
A: No, you should not use any old IFSC codes for Bihar Gramin Bank. Following the merger, all old codes have been revoked. You must use the new code, PUNB0MBGB06, for all electronic transactions to the Jurawanpur branch of Madhya Bihar Gramin Bank.

Q4: What is the difference between NEFT, RTGS, and IMPS?
A: All three are electronic fund transfer systems. NEFT (National Electronic Funds Transfer) processes transactions in batches and is generally suitable for non-urgent transfers. RTGS (Real Time Gross Settlement) processes transactions individually and instantly, typically for large amounts (minimum ₹2 lakh). IMPS (Immediate Payment Service) is also instant, available 24/7, and suitable for smaller, urgent transfers.

Q5: Where can I find my account number?
A: Your account number is usually printed on your passbook, checkbook, or can be found by logging into your bank’s net banking portal or mobile app. You can also get it by contacting the branch directly.