Bihar Gramin Bank Thakaraha IFSC Code

The Bihar Gramin Bank branch in Thakaraha is an important banking hub for the residents of WEST CHAMPARAN, Bihar, particularly for those in the 845104 pincode area. Understanding its Indian Financial System Code (IFSC) is crucial for smooth and secure digital money transfers. Whether you need to send or receive funds through National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the correct IFSC code ensures your transaction reaches the right bank and branch without any issues. It acts like a unique digital address for the branch, making interbank transfers efficient and reliable.

Branch Details

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Thakaraha
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100212
Branch Address	Thakaraha, WEST CHAMPARAN, 845104
Contact Number	9297954102
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845104
State	Bihar

Merger Update

The Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. It was formed as a result of mergers of various regional rural banks in Bihar to create a stronger, more unified banking network. Specifically, Bihar Gramin Bank came into existence from the amalgamation of Madhya Bihar Gramin Bank, Bihar Kshetriya Gramin Bank, and Kosi Kshetriya Gramin Bank. The IFSC code for its Thakaraha branch, PUNB0MBGB06, reflects this lineage. The “PUNB” prefix signifies the sponsoring bank, Punjab National Bank, while “MBGB” indicates its origin from the former Madhya Bihar Gramin Bank. This integration ensures a standardized and robust banking system across its branches. Therefore, for all transactions related to Bihar Gramin Bank’s Thakaraha branch, the code PUNB0MBGB06 is the only valid and recognized IFSC code for electronic fund transfers.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code used to identify all bank branches participating in online money transfers. Every bank branch in India has its own specific IFSC code. This code is crucial for directing your funds to the correct destination during electronic transactions. Without it, online transfers cannot be processed.

The 11 characters of an IFSC code are structured in a specific way:

• The first four characters represent the bank name. For the Thakaraha branch’s IFSC (PUNB0MBGB06), “PUNB” clearly identifies Punjab National Bank as the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps standardize the code format.
• The last six characters uniquely identify the specific bank branch. In this case, “MBGB06” points to the Thakaraha branch under the Bihar Gramin Bank, leveraging its legacy identifier from Madhya Bihar Gramin Bank.

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 common transaction types:

1. For NEFT (National Electronic Funds Transfer):
   • Log in to your online banking portal or mobile banking app.
   • Select the “NEFT” option for fund transfer.
   • Add the beneficiary (recipient) details, including their name, account number, and the Thakaraha branch’s IFSC code: PUNB0MBGB06.
   • Enter the amount you wish to transfer.
   • Confirm the details and complete the transaction. NEFT transactions are processed in batches during specific hours.
2. For RTGS (Real Time Gross Settlement):
   • Access your bank’s online platform.
   • Choose the “RTGS” option for high-value transfers (typically for amounts ₹2 lakhs and above).
   • Input the beneficiary’s details, including their account number and the IFSC code: PUNB0MBGB06.
   • Specify the transfer amount.
   • Review all information carefully before authorizing the transfer. RTGS transactions are processed individually and in real-time, meaning funds are credited almost immediately.
3. For IMPS (Immediate Payment Service):
   • Open your mobile banking app or internet banking site.
   • Select “IMPS” for instant fund transfers.
   • Enter the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and the IFSC code: PUNB0MBGB06.
   • Input the transfer amount.
   • Verify the details and proceed. IMPS transactions are available 24/7, including holidays, and are credited instantly.

Benefits of Knowing Your IFSC Code

Having ready access to the correct IFSC code for Bihar Gramin Bank, Thakaraha branch, offers several important benefits:

• Accurate Fund Transfers: It ensures that your money reaches the intended recipient’s account at the specific Thakaraha branch, minimizing errors and delays.
• Faster Transactions: With the correct IFSC, online transfers like NEFT, RTGS, and IMPS can be processed smoothly and quickly, saving you time.
• Enhanced Security: The unique identification helps prevent fraudulent transactions by linking transfers to specific, verified branch locations.
• Convenience: It allows you to conduct banking operations from anywhere, anytime, without needing to visit the physical branch for basic transfers.
• Mandatory for Online Banking: The IFSC code is a fundamental requirement for all types of electronic fund transfers, making online banking possible.

Contact Information

• Thakaraha Branch Phone Number: 9297954102
• Thakaraha Branch Address: Thakaraha, WEST CHAMPARAN, 845104, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Care Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, the IFSC code PUNB0MBGB06 is specifically for the Thakaraha branch of Bihar Gramin Bank. Each branch of Bihar Gramin Bank will have its own unique 11-character IFSC code, even if the first four characters (PUNB) remain the same.

Q2: What should I do if I enter an incorrect IFSC code during a transaction?
A2: If you enter an incorrect IFSC code, the transaction will likely fail and the funds will not be debited from your account. In some rare cases, if the incorrect IFSC code corresponds to a valid branch and account, the funds might go to the wrong account. Always double-check the IFSC code along with the account number before confirming any transaction.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on the first page of your bank passbook and on the top section of your cheque leaves. It’s an easy way to verify the correct code for your branch.

Q4: Why does Bihar Gramin Bank’s IFSC code start with “PUNB”?
A4: “PUNB” in the IFSC code indicates that Punjab National Bank is the sponsoring bank for Bihar Gramin Bank. As a Regional Rural Bank (RRB), Bihar Gramin Bank operates under the sponsorship and guidance of a larger nationalized bank, which in this case is Punjab National Bank.

Q5: Is it safe to share my IFSC code with others?
A5: Yes, it is generally safe to share your IFSC code. It is public information and is necessary for others to send money to your account. Unlike your account number or PIN, the IFSC code alone cannot be used to withdraw money or access your account without other crucial details.