Bihar Gramin Bank Pakhnaha IFSC Code

The Bihar Gramin Bank’s Pakhnaha branch serves customers in West Champaran, a district in Bihar. When you need to transfer money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC allows for smooth and accurate transactions through systems like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It acts as a unique identifier, ensuring your funds reach the correct bank and branch without delays.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Pakhnaha
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100196
Branch Address	Pakhnaha, WEST CHAMPARAN, 845454, 9297954075
Contact Number	9297954075
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845454
State	Bihar

Merger Update

The banking landscape in Bihar has seen significant changes. Historically, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) served different regions. These banks have since undergone mergers. Today, Bihar Gramin Bank is the result of such consolidations. For branches like Pakhnaha, which are now part of Bihar Gramin Bank, a unified IFSC code system is in place.

Specifically, for this branch, the valid IFSC code is PUNB0MBGB06. This code is sponsored by Punjab National Bank, which plays a supervisory role for Bihar Gramin Bank. It is vital to understand that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches (if they existed under those names) are no longer valid for transactions. Always use the current, unified IFSC code PUNB0MBGB06 for all financial transfers to this branch. Using an outdated code will result in transaction failure.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. Think of it as a specific address for electronic fund transfers.

Here’s how it’s structured:

• The first four characters represent the bank name. For 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 acts as a control digit.
• The last six characters identify the specific branch. In “PUNB0MBGB06,” “MBGB06” points to the Pakhnaha branch within the Bihar Gramin Bank system, under the Madhya Bihar Gramin Bank structure which later merged into Bihar Gramin Bank.

This unique identification ensures that your money goes to the correct recipient branch every single time.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re making an electronic fund transfer. Here are the steps involved for common transfer methods:

• NEFT (National Electronic Funds Transfer): This system allows for batch-wise transfer of funds. When you initiate an NEFT transfer through your bank’s online portal or by filling out a form at a branch, you will need to provide:
  • The beneficiary’s bank name (Bihar Gramin Bank).
  • The beneficiary’s branch name (Pakhnaha).
  • The beneficiary’s account number.
  • The beneficiary’s IFSC code (PUNB0MBGB06).
  • The amount to be transferred.

  NEFT transactions are processed in hourly batches during working hours.

• RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically for amounts of 2 lakhs or more. Funds are transferred individually and in real-time, meaning the recipient receives the money almost instantly. The information required is similar to NEFT:
  • Beneficiary’s bank name, branch name, account number, and the specific IFSC code (PUNB0MBGB06).
  • The amount to be transferred.

  Because it’s real-time, accuracy of the IFSC is even more critical.

• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent transfers. You can use IMPS via mobile banking apps or internet banking. You’ll need:
  • The beneficiary’s mobile number and MMID (Mobile Money Identifier) OR
  • The beneficiary’s account number and IFSC code (PUNB0MBGB06).

  IMPS is generally the quickest way to send money.

Always double-check the IFSC code, account number, and other details before confirming any transaction to avoid errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for any beneficiary’s branch, offers several key advantages:

• Ensures Accurate Transfers: It guarantees that electronic funds are routed to the specific branch you intend, preventing misdirection of money.
• Facilitates Online Transactions: It is a mandatory requirement for initiating online fund transfers via NEFT, RTGS, and IMPS, making digital banking possible.
• Speeds Up Processes: By providing a unique identifier, it streamlines the fund transfer process, leading to quicker crediting of funds to the recipient’s account.
• Reduces Errors: A correct IFSC code significantly lowers the chance of transaction failures or funds being sent to the wrong bank or branch.
• Required for Bill Payments and Subscriptions: Many online bill payment services or subscription models that debit directly from your bank account require the IFSC code for setup.

Contact Section

For any inquiries related to the Pakhnaha branch of Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954075
• Branch Address: Pakhnaha, WEST CHAMPARAN, 845454, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank sponsor): 18001807777

FAQs

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

Q2: Can I use an old IFSC code from Uttar Bihar Gramin Bank for this branch?
A2: No, old IFSC codes from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for branches under the unified Bihar Gramin Bank. You must use the current code, PUNB0MBGB06.

Q3: What do the characters in PUNB0MBGB06 mean?
A3: “PUNB” indicates Punjab National Bank, the sponsoring bank. The “0” is a control digit. “MBGB06” identifies the specific Pakhnaha branch within the Bihar Gramin Bank structure.

Q4: Is the IFSC code needed for all types of money transfers?
A4: Yes, the IFSC code is essential for all electronic fund transfers like NEFT, RTGS, and IMPS, ensuring your money reaches the correct branch.

Q5: Where can I find the IFSC code for my branch?
A5: You can usually find the IFSC code on your bank’s chequebook, passbook, or statement. It’s also available on the bank’s official website or through online IFSC lookup tools.