Bihar Gramin Bank Bakulahar IFSC Code

The Bihar Gramin Bank branch in Bakulahar is located in WEST CHAMPARAN, Bihar. For any modern fund transfers like NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) for this branch is essential. This unique code ensures your money reaches the right bank and branch quickly and securely, preventing any delays or errors in your transactions.

Bihar Gramin Bank, Bakulahar Branch Details

Here are the key details for the Bihar Gramin Bank branch located in Bakulahar:

Bank Name	Bihar Gramin Bank
Branch Name	Bakulahar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100287
Branch Address	Bakulahar, WEST CHAMPARAN, 845449
Contact Number	9297954005
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845449
State	Bihar

Merger and IFSC Code Update

Many regional rural banks (RRBs) in India, including those in Bihar, have undergone mergers and restructuring over time. This often involves changes in their sponsorship and, consequently, their IFSC codes.

The IFSC code PUNB0MBGB06 for the Bakulahar branch clearly indicates its sponsorship by Punjab National Bank (PUNB0). This means that while the bank operates as Bihar Gramin Bank at a regional level, its transactions are now routed through Punjab National Bank’s system. It is important to know that any old IFSC codes previously used by this bank or its predecessor entities are no longer valid for digital transactions. Always use the current code, PUNB0MBGB06, for all your fund transfers to or from this branch.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is a unique 11-character code. The Reserve Bank of India (RBI) assigns these codes to identify each bank branch participating in online money transfers. This code is crucial for ensuring that your funds are sent to the correct bank and branch.

The structure of the IFSC code is simple to understand:

• The first four characters represent the bank’s name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In this case, “MBGB06” identifies the Bakulahar branch under the Madhya Bihar Gramin Bank umbrella, sponsored by Punjab National Bank.

How to Use the IFSC Code for Fund Transfers

You will need the IFSC code for various digital payment methods. Here’s how you typically use it:

• NEFT (National Electronic Funds Transfer): When you want to send money using NEFT, you need the beneficiary’s bank account number, account holder’s name, and the IFSC code of their specific branch. You enter these details into your net banking portal or mobile banking app. The system uses the IFSC to route the money correctly.
• RTGS (Real Time Gross Settlement): For larger transactions that need immediate processing, RTGS also requires the beneficiary’s account number, name, and the IFSC code. The RTGS system processes each transaction individually and in real-time.
• IMPS (Immediate Payment Service): IMPS offers instant fund transfers 24/7. Similar to NEFT and RTGS, you provide the beneficiary’s account number and IFSC code, or sometimes their mobile number and MMID (Mobile Money Identifier).

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several advantages:

• Ensures accurate and secure online fund transfers to the correct beneficiary.
• Speeds up the process for NEFT, RTGS, and IMPS transactions.
• Helps avoid delays and rejection of transfers due to incorrect bank details.
• Allows you to receive funds from others efficiently.
• Is essential for linking your bank account to various financial services and applications.

Contact Information

For inquiries related to the Bakulahar branch or general banking services, you can use the following contact details:

• Branch Phone Number: 9297954005
• Branch Address: Bakulahar, WEST CHAMPARAN, 845449
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank sponsor): 18001807777

Frequently Asked Questions (FAQs)

Q1: Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank, Bakulahar?

Yes, PUNB0MBGB06 is the current and only valid IFSC code for the Bihar Gramin Bank, Bakulahar branch for all online fund transfers like NEFT, RTGS, and IMPS.

Q2: Why does the IFSC code start with “PUNB” if it’s Bihar Gramin Bank?

The “PUNB” prefix indicates that Bihar Gramin Bank, like many other Regional Rural Banks, is sponsored by Punjab National Bank. This means Punjab National Bank manages its core banking system and infrastructure for online transactions.

Q3: What should I do if my previous transaction used an older IFSC code for this branch?

If you used an older, now invalid IFSC code for a transaction, it would likely be rejected. You should always update your records with the correct code, PUNB0MBGB06, for all future transactions to ensure they are processed successfully.

Q4: Can I find the IFSC code on my chequebook?

Yes, the IFSC code for your branch is usually printed on your chequebook, often near the bank’s name and address or at the top of the cheque leaf.

Q5: Is the MICR code also necessary for online transfers?

While the IFSC code is crucial for online fund transfers (NEFT, RTGS, IMPS), the MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. It helps in the speedy processing of cheques.