Bihar Gramin Bank Madhopur Susta IFSC Code

Bihar Gramin Bank’s Madhopur Susta branch is located in Muzaffarpur district of Bihar (PIN 842002). For electronic fund transfers such as NEFT, RTGS and IMPS you must use the branch IFSC code. The IFSC identifies the exact bank and branch for routing payments, so entering the correct code ensures funds reach the intended account quickly and without reversal or delay.

Branch Details

Merger Update

Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been consolidated and operate under the single sponsor bank code of Punjab National Bank. As part of that reorganization, branches now use the IFSC PUNB0MBGB06. Old UBGB/DBGB IFSC codes have been revoked. For all electronic transfers, only the new IFSC PUNB0MBGB06 is valid for this branch. Using retired IFSC codes will cause transaction failure and delays.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to route messages and payments to a specific bank branch. The structure is:

• First 4 characters: bank identifier (example: PUNB = Punjab National Bank)
• 5th character: reserved and always 0
• Last 6 characters: branch identifier (alphanumeric, example: MBGB06)

So in PUNB0MBGB06, PUNB = bank, 0 = reserved, MBGB06 = specific Madhopur Susta branch identifier after the merger.

How to Use IFSC Code

• Open your bank’s netbanking, mobile banking app, or use an ATM/branch form for fund transfer.
• Choose transfer type: NEFT, RTGS or IMPS. (All three require the beneficiary’s IFSC for interbank transfers.)
• Add a new beneficiary/payee: enter beneficiary name, account number exactly as on their passbook, and the IFSC PUNB0MBGB06.
• Verify details carefully. A single digit error in account number or IFSC can misroute the funds.
• Save beneficiary if required and initiate the transfer. For RTGS (large-value transfers), confirm if your bank asks for additional authentication.
• Keep the transaction reference and check the beneficiary account after the expected clearing time.

Note: NEFT settles in half-hourly batches (timings may vary by bank). IMPS is real-time and immediate. RTGS is for high-value real-time gross settlement — there is no minimum amount restriction currently, but banks may have their own cutoffs for processing.

Benefits of Knowing the IFSC Code

• Ensures accurate routing of electronic payments (NEFT, RTGS, IMPS).
• Reduces chances of failed transfers or reversal delays due to wrong branch identification.
• Required when adding beneficiaries in netbanking and mobile apps.
• Useful for reconciling payments and tracking transaction references against the correct branch.
• Keeps digital and remote banking smooth when the branch has been reorganized after mergers.

Contact

Branch phone no: 9297955693
Branch Address: Madhopur Susta, MUZAFFARPUR, 842002
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777

FAQs

Q: Can I use the old UBGB IFSC code for transfers to this branch?
A: No. Old UBGB and DBGB IFSC codes have been revoked after the merger. Use only the new IFSC PUNB0MBGB06 for this branch.

Q: What is the difference between IFSC and MICR?
A: IFSC is used for electronic fund transfers and identifies the bank and branch. MICR (Magnetic Ink Character Recognition) code, here 800811002, is used mainly for faster processing of cheques through clearing houses.

Q: I entered an incorrect IFSC but the correct account number. Will the money be credited?
A: If account number and IFSC both must match the destination. Banks use IFSC to route to the correct branch; if IFSC does not match the account number, the transaction may fail or be reversed. Contact your bank immediately to trace and rectify.

Q: Which transfers require the IFSC code?
A: NEFT, RTGS and IMPS all require the beneficiary’s IFSC when adding a payee outside your account’s branch network.

Q: How quickly do transfers to this IFSC reflect in beneficiary account?
A: IMPS is immediate (real-time). NEFT settles in batches—timing depends on bank cut-offs. RTGS is processed in real time; there is currently no minimum amount mandated by RBI for RTGS, but processing speed depends on bank working hours and validations.

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.