Located in Gauripur, a part of West Champaran district in Bihar, this banking branch serves the local community. For any digital money transfers, whether you’re sending funds through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), knowing the correct Indian Financial System Code (IFSC) for this branch is essential. This unique code ensures your money reaches the right account without any issues.
Branch Details
Here are the complete details for the Gauripur branch:
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Gauripur |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100262 |
| Branch Address | Gauripur, WEST CHAMPARAN, 845307, 9297948745 |
| Contact Number | 9297948745 |
| City | WEST CHAMPARAN |
| District | WEST CHAMPARAN |
| Region | BETTIAH |
| Pincode | 845307 |
| State | Bihar |
Merger Update
Various Regional Rural Banks (RRBs) in Bihar have undergone mergers to streamline operations and offer better services. The branch in Gauripur now operates under the umbrella of Madhya Bihar Gramin Bank (MBGB), which is sponsored by Punjab National Bank (PNB). The IFSC code PUNB0MBGB06 is the unified code now used for this branch.
It is important to note that for many regional rural banks that have been part of these mergers, old IFSC codes, such as those previously used by entities like Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), have been revoked. For any transactions with the Gauripur branch, or other branches now under Madhya Bihar Gramin Bank, only the new IFSC code, PUNB0MBGB06, is valid. Using outdated codes will cause your transactions to fail.
What is an IFSC Code?
The IFSC (Indian Financial System Code) is a unique, 11-character alphanumeric code. It’s used to identify every bank branch in India participating in online money transfers. This code helps the banking system direct funds accurately to the intended recipient’s branch.
The structure of an IFSC code is standard:
- The first four characters represent the bank. For example, in 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 acts as a control digit.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the Gauripur branch within the Madhya Bihar Gramin Bank system.
How to Use the IFSC Code
Using the IFSC code is a straightforward process when you’re making an online fund transfer. Here’s how it generally works for different types of transactions:
- For NEFT (National Electronic Funds Transfer): When you initiate an NEFT transaction through your bank’s online portal or mobile app, you’ll be prompted to enter the beneficiary’s bank name, account number, and the correct IFSC code for their branch. The system uses this code to route the funds in batches at specific intervals.
- For RTGS (Real Time Gross Settlement): RTGS is for large-value transactions that need to be processed immediately. Similar to NEFT, you will need the beneficiary’s bank name, account number, and the IFSC code. The system processes RTGS transactions individually and in real-time.
- For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers. When using IMPS, you’ll enter the beneficiary’s mobile number and their MMID (Mobile Money Identifier), or their account number and the IFSC code. The IFSC ensures the funds are sent to the correct bank and branch in real time.
Always double-check the IFSC code before confirming a transaction to prevent any errors or delays.
Benefits of Knowing the IFSC Code
Having the correct IFSC code readily available offers several key advantages:
- It enables fast and accurate online fund transfers to any bank branch in India.
- It reduces the chances of errors during financial transactions, ensuring money reaches the right account.
- It is mandatory for initiating NEFT, RTGS, and IMPS services, making digital banking possible.
- It helps in tracking the transaction more efficiently if any issue arises, as it pinpoints the exact branch involved.
- It provides a standardized way for all banks across India to identify branches for inter-bank transactions.
Contact Information
If you need to get in touch with the bank or the Gauripur branch, here are the relevant details:
- Branch Phone Number: 9297948745
- Branch Address: Gauripur, WEST CHAMPARAN, 845307
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
Q1: Is the IFSC code PUNB0MBGB06 valid for all branches of Bihar Gramin Bank?
A1: No, the IFSC code PUNB0MBGB06 is specifically for branches operating under Madhya Bihar Gramin Bank (MBGB) which is sponsored by Punjab National Bank (PNB). Other regional rural banks in Bihar or other MBGB branches might have different last six characters in their IFSC code. You should always confirm the exact IFSC for the specific branch you are dealing with.
Q2: What happens if I use an old or incorrect IFSC code for a transaction?
A2: If you use an old or incorrect IFSC code, your transaction will likely fail. The banking system relies on accurate IFSC codes to route funds. An incorrect code means the system cannot identify the correct destination branch, and the transaction will not go through. Your bank will usually notify you of the failure.
Q3: Can I find the IFSC code on my passbook or cheque book?
A3: Yes, the IFSC code is typically printed on your bank passbook and cheque book. It’s usually found on the first page of the passbook and on each cheque leaf, near the bank’s name and branch details. This is often the most reliable place to find your specific branch’s code.
Q4: Is the IFSC code the same as the MICR code?
A4: No, the IFSC code and MICR code are different, though both are used for bank identification. The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for online transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheque leaves using special magnetic ink, primarily used for clearing cheques.
Q5: Do I need the IFSC code for cash deposits or withdrawals at the branch?
A5: No, you do not need the IFSC code for physical cash deposits or withdrawals made directly at the bank branch counter. The IFSC code is specifically required for electronic fund transfers and certain online banking operations to identify the destination branch electronically.
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.