Bihar Gramin Bank Lauriya IFSC Code

This article provides details about the Bihar Gramin Bank branch located in Lauriya, West Champaran, Bihar. Understanding the IFSC (Indian Financial System Code) for this branch is crucial for anyone looking to make secure and swift fund transfers using services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Whether you are sending money to family, paying bills, or managing business transactions, the correct IFSC ensures your funds reach the intended recipient without delay.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Lauriya
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100197
Branch Address	Lauriya, WEST CHAMPARAN, 845453
Contact Number	9297954056
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845453
State	Bihar

Merger Update

The Bihar Gramin Bank, which includes the Lauriya branch, has undergone a merger and is now part of the Madhya Bihar Gramin Bank. This integration means that for all financial transactions, the IFSC code provided, PUNB0MBGB06, is the correct and only valid code to use. This new code falls under the sponsorship of Punjab National Bank, ensuring a streamlined banking experience. It is important to note that any old IFSC codes previously associated with Bihar Gramin Bank are no longer valid for transactions. Similarly, for other regional rural banks in Bihar, such as the erstwhile Uttar Bihar Gramin Bank (UBGB), their old IFSC codes have been revoked, and only new, consolidated IFSC codes under their respective sponsoring banks are now valid for any financial transactions. Always ensure you are using the most current IFSC code to avoid transaction failures.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code. It identifies every bank branch participating in the online money transfer system in India. Think of it like a digital address for a specific branch. Without the correct IFSC, you cannot send money through NEFT, RTGS, or IMPS.

The structure of an IFSC code is standard across all banks:

• The first four characters represent the bank name. For PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (‘0’). This character is reserved for future use and helps distinguish between the bank and branch codes.
• The last six characters identify the specific branch. In our example, ‘MBGB06’ precisely points to the Lauriya branch of Madhya Bihar Gramin Bank.

How to Use an IFSC Code

Using an IFSC code is straightforward when initiating an online fund transfer. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log in to your banking portal: Access your online banking account or mobile banking app.
2. Select the transfer type: Choose between NEFT, RTGS, or IMPS based on your urgency and the amount you wish to transfer.
3. Add a new beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter beneficiary details:
   • Beneficiary Account Holder’s Name
   • Beneficiary Account Number (you’ll usually need to enter it twice for confirmation)
   • Beneficiary IFSC Code: This is where you enter PUNB0MBGB06 for the Lauriya branch.
   • Beneficiary Bank Name (Madhya Bihar Gramin Bank)
   • Beneficiary Branch Name (Lauriya)
5. Verify details: Double-check all entered information, especially the account number and IFSC code, to prevent errors.
6. Enter amount and confirm: Specify the amount you want to transfer and complete the transaction.

Once the beneficiary is added, for future transfers to the same person, you simply select their name from your list of beneficiaries, enter the amount, and proceed.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your recipient’s bank branch offers several key advantages:

• It ensures your funds are transferred to the exact intended bank branch, minimizing the risk of errors.
• It is mandatory for all major online fund transfer methods, including NEFT, RTGS, and IMPS, making digital banking possible.
• It facilitates faster and more efficient money transfers compared to traditional methods like demand drafts.
• You can easily check the validity of a bank branch before making a transfer, providing an extra layer of security.
• It’s a critical piece of information for receiving money from others, as they will need it to send funds to your account.

Contact Information

Should you need to contact the Lauriya branch or the head office for Madhya Bihar Gramin Bank, here are the details:

• Branch Phone Number: 9297954056
• Branch Address: Lauriya, WEST CHAMPARAN, 845453, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What happens if I use an old IFSC code for Bihar Gramin Bank?
A1: If you use an old or incorrect IFSC code, your fund transfer will likely fail. The transaction will not go through, and the funds will be returned to your account, often after a delay. Always use the current code, PUNB0MBGB06, for the Lauriya branch of Madhya Bihar Gramin Bank.

Q2: Is the IFSC code the same for all branches of Madhya Bihar Gramin Bank?
A2: No, while the first few characters (PUNB0MBGB) are common as they identify the bank, the last six characters are unique to each branch. So, the Lauriya branch has PUNB0MBGB06, but another branch would have a different six-character suffix.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on your bank passbook and cheque leaves. It is usually found on the top or bottom of the cheque leaf and on the first page of your passbook.

Q4: What is the difference between IFSC and MICR codes?
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. While both identify a bank and branch, their purposes and format are different. For the Lauriya branch, the MICR code is 800811002.

Q5: Do I need an IFSC code to receive money?
A5: Yes, if someone is sending you money via NEFT, RTGS, or IMPS, they will need your account number and the correct IFSC code for your branch (PUNB0MBGB06 for Lauriya) to ensure the funds are credited to your account.