Bihar Gramin Bank Hakimpur IFSC Code

If you’re looking to transfer funds to or from the Bihar Gramin Bank branch in Hakimpur, Vaishali, understanding its Indian Financial System Code (IFSC) is crucial. This unique 11-character code is essential for all electronic money transfers within India, including NEFT, RTGS, and IMPS. It helps identify the specific bank and branch, ensuring your money reaches the correct destination safely and efficiently.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Hakimpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100163
Branch Address	Hakimpur, VAISHALI, 844122, 9297954993
Contact Number	9297954993
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844122
State	Bihar

Merger Update Section

The Bihar Gramin Bank was formed from the merger of the erstwhile Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these regional rural banks are now part of the unified Bihar Gramin Bank, which operates under the sponsorship of Punjab National Bank. As a result of this merger, all branches of the new Bihar Gramin Bank, including Hakimpur, use a standardized IFSC code structure. The IFSC for the Hakimpur branch is PUNB0MBGB06.

It is important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked. For any electronic fund transfers to Bihar Gramin Bank branches today, including Hakimpur, only the new IFSC code, such as PUNB0MBGB06, is valid. Using an old or incorrect IFSC will cause your transaction to fail.

What is IFSC Code?

An IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code used to identify all bank branches participating in electronic funds transfer systems in India. This code is crucial for ensuring that money is sent to and received from the correct branch.

• The first four characters represent the bank name. For Bihar Gramin Bank branches sponsored by Punjab National Bank, this will typically be PUNB.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain uniqueness.
• The last six characters uniquely identify the specific bank branch. In the case of Hakimpur, the last six digits are MBGB06, which corresponds to the branch identifier.

So, for the Bihar Gramin Bank Hakimpur branch, the IFSC PUNB0MBGB06 clearly identifies it as a branch of Punjab National Bank’s sponsored Bihar Gramin Bank.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you are making an electronic fund transfer. Here are the steps for common methods like NEFT, RTGS, and IMPS:

1. Gather Recipient Details: Before initiating any transfer, you need the beneficiary’s full name, account number, bank name, and the correct IFSC code for their specific branch (in this case, PUNB0MBGB06 for Hakimpur).
2. Log In to Your Banking Platform: Access your net banking portal or mobile banking app. If you are doing an offline transfer, visit your bank branch.
3. Select Transfer Type: Choose the type of transfer you want to make:
   • NEFT (National Electronic Funds Transfer): Used for transfers of any amount, usually processed in batches.
   • RTGS (Real Time Gross Settlement): Used for large value transfers (typically above ₹2 lakh), processed individually and in real-time.
   • IMPS (Immediate Payment Service): Used for instant transfers, available 24/7, for smaller to medium amounts.
4. Add Beneficiary: If you are sending money to this recipient for the first time, you will need to add them as a new beneficiary. This usually involves entering their name, account number, account type (e.g., Savings, Current), and the IFSC code (PUNB0MBGB06). Your bank might take a few hours to activate a new beneficiary for security reasons.
5. Initiate Transfer: Once the beneficiary is added and approved, select their name, enter the amount you wish to send, and confirm the details. The system will automatically use the stored IFSC code.
6. Verify and Confirm: Always double-check all the entered details, especially the account number and IFSC code, before confirming the transaction. An incorrect IFSC or account number can lead to funds being sent to the wrong account or the transaction failing.

Benefits of Knowing Your IFSC Code

Knowing and using the correct IFSC code offers several key advantages for financial transactions:

• Enables Electronic Transfers: It is the primary identifier for all NEFT, RTGS, and IMPS transactions, allowing for quick and secure digital fund movements.
• Ensures Accuracy: The unique code precisely identifies the recipient’s bank and branch, minimizing errors in money transfers.
• Increases Efficiency: It streamlines the process of sending and receiving money, reducing the time and effort traditionally associated with bank transfers.
• Enhances Security: By linking transfers to specific branches, it adds a layer of security, making it harder for funds to be misdirected.
• Required for Online Payments: Many online payment gateways and financial services require an IFSC for direct bank transfers or to set up mandates.
• Mandatory for Bank-to-Bank Transfers: Whether you’re sending money to a relative, paying a vendor, or receiving a salary, the IFSC is a mandatory piece of information.

Contact Section

• Branch Phone Number (Hakimpur): 9297954993
• Branch Address (Hakimpur): Hakimpur, VAISHALI, 844122
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank Customer Care, for Bihar Gramin Bank related queries): 18001807777

FAQs Section

Here are some frequently asked questions about the Bihar Gramin Bank Hakimpur IFSC code:

Q1: What exactly is an IFSC code and why do I need it for the Hakimpur branch?
A1: The IFSC (Indian Financial System Code) is an 11-character code used to identify every bank branch in India for electronic fund transfers. You need it for the Hakimpur branch to ensure your money reaches the specific Bihar Gramin Bank branch in Hakimpur when using services like NEFT, RTGS, or IMPS. It guarantees the correct destination for your funds.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A2: No, the IFSC code is unique for each individual bank branch. While the first four characters (e.g., PUNB) will be common for all Bihar Gramin Bank branches sponsored by Punjab National Bank, the last six characters (e.g., MBGB06) will differ for each specific branch. So, the Hakimpur branch’s IFSC (PUNB0MBGB06) is unique to that branch.

Q3: What happens if I accidentally use an incorrect IFSC code for a transfer to the Hakimpur branch?
A3: If you use an incorrect IFSC code, your electronic fund transfer will most likely fail. The banking system will detect that the provided IFSC does not match the account number or bank, and the transaction will be rejected. Your money will typically be credited back to your account within a few hours or days. Always double-check the IFSC to avoid delays.

Q4: How can I confirm the correct IFSC code for the Bihar Gramin Bank Hakimpur branch?
A4: You can confirm the correct IFSC code in several ways: check your passbook or chequebook, visit the official website of Bihar Gramin Bank or Punjab National Bank, use a reliable third-party banking information portal, or directly contact the Hakimpur branch or the bank’s customer service. The code provided here, PUNB0MBGB06, is the current and correct one.

Q5: Can I perform an IMPS transfer to the Hakimpur branch using this IFSC code?
A5: Yes, the IFSC code PUNB0MBGB06 is valid for all types of electronic fund transfers, including IMPS (Immediate Payment Service), NEFT, and RTGS. As long as you have the correct beneficiary account number and this IFSC, you can initiate an IMPS transfer to the Hakimpur branch instantly.