Bihar Gramin Bank Marjadwa IFSC Code

This article provides important details about the Bihar Gramin Bank branch located in Marjadwa, West Champaran, Bihar. When you need to send or receive money electronically, understanding and using the correct Indian Financial System Code (IFSC) is essential. This code is crucial for various digital payment methods like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service), ensuring your funds reach the intended bank and branch accurately and without delay.

Branch Details

Here are the key details for the Bihar Gramin Bank’s Marjadwa branch:

Bank Name	Bihar Gramin Bank
Branch Name	Marjadwa
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100218
Branch Address	Marjadwa, WEST CHAMPARAN, 845406
Contact Number	9297954066
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845406
State	Bihar

Merger Update

The Bihar Gramin Bank, including its Marjadwa branch, is a Regional Rural Bank (RRB) that operates under the sponsorship of Punjab National Bank. This bank was formed from the merger of two older Regional Rural Banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB).

Following this merger and its operation under Punjab National Bank, all branches of Bihar Gramin Bank now use a standardized IFSC code format. For instance, the Marjadwa branch uses PUNB0MBGB06. It is very important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are now revoked and are no longer valid for any electronic fund transfers. For any transaction involving Bihar Gramin Bank, you must use the new, updated IFSC code starting with PUNB, like the one provided for Marjadwa.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch that participates in electronic fund transfers. This code acts like a digital address for a specific bank branch, ensuring that your money goes to the correct destination during online transactions.

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

• The first four characters represent the bank’s name. For Bihar Gramin Bank, since its sponsor bank is Punjab National Bank, the code starts with PUNB.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters uniquely identify the specific bank branch. For the Marjadwa branch, these are MBGB06.

For example, in PUNB0MBGB06, ‘PUNB’ identifies Punjab National Bank (the sponsor bank), ‘0’ is the reserved digit, and ‘MBGB06’ identifies the Marjadwa branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using the correct IFSC code is a straightforward process when you are making an electronic fund transfer. Here’s how it generally works for NEFT, RTGS, or IMPS:

1. Log in to Your Banking Account: Access your net banking portal or mobile banking app.
2. Select Fund Transfer Option: Choose options like ‘NEFT’, ‘RTGS’, or ‘IMPS’ (Instant Payment Service) depending on your urgency and transaction amount.
3. Add Beneficiary Details: If you haven’t transferred money to this person before, you’ll need to add them as a new beneficiary.
4. Enter Recipient Information: You will typically need to provide the following details:
   • Recipient’s Bank Account Number (confirm twice for accuracy).
   • Recipient’s Name.
   • Recipient’s Bank Name (e.g., Bihar Gramin Bank).
   • Recipient’s Branch Name (e.g., Marjadwa).
   • The correct 11-character IFSC Code for that specific branch (e.g., PUNB0MBGB06).
5. Enter Amount and Confirm: Input the amount you wish to transfer and then review all details carefully before confirming the transaction. A single incorrect digit in the account number or IFSC code can lead to transfer failure or funds being sent to the wrong account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for any branch you need to send money to, offers several advantages:

• Accurate Fund Transfers: It ensures that your money is accurately routed to the intended recipient’s bank and specific branch, minimizing errors.
• Enables Electronic Transactions: The IFSC code is mandatory for all major electronic fund transfer systems like NEFT, RTGS, and IMPS, facilitating fast and secure digital payments.
• Saves Time: With the correct IFSC, transactions are processed efficiently, avoiding delays that can occur due to manual verification or incorrect details.
• Reduces Hassle: It simplifies the process of sending and receiving money online, making it convenient for both individuals and businesses.
• Broad Reach: The standardized system allows for inter-bank transfers across thousands of bank branches nationwide, connecting the entire Indian financial network.

Contact Information

For specific inquiries regarding the Bihar Gramin Bank Marjadwa branch or general banking services, you can use the following contact details:

Marjadwa Branch Phone Number: 9297954066

Marjadwa Branch Address: Marjadwa, WEST CHAMPARAN, 845406

Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank Marjadwa branch?

The IFSC code for Bihar Gramin Bank’s Marjadwa branch is PUNB0MBGB06.

Q2: Is the old Uttar Bihar Gramin Bank IFSC still valid for the Marjadwa branch?

No, the old IFSC codes previously used by Uttar Bihar Gramin Bank branches are no longer valid. Due to the merger, all Bihar Gramin Bank branches now use new IFSC codes under the Punjab National Bank sponsorship. You must use the current IFSC code, PUNB0MBGB06, for the Marjadwa branch.

Q3: Why does the IFSC code for Bihar Gramin Bank start with “PUNB”?

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. The “PUNB” prefix in the IFSC code signifies its association and operational linkage with Punjab National Bank, which is its lead public sector bank.

Q4: Can I transfer money without an IFSC code for online transactions?

No, an IFSC code is mandatory for all electronic fund transfers in India, including NEFT, RTGS, and IMPS. It is essential for identifying the specific bank and branch where the funds need to be sent.

Q5: What is the difference between an IFSC code and an MICR code?

An IFSC code (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS) to identify a specific bank branch. An MICR code (Magnetic Ink Character Recognition) is a 9-digit numerical code printed on cheque leaves, typically at the bottom, and is primarily used for processing cheques. The MICR code helps in faster and error-free processing of physical cheques.