Bihar Gramin Bank Baithania IFSC Code

Welcome to our detailed guide about the Bihar Gramin Bank branch located in Baithania, West Champaran, Bihar. Understanding your bank’s Indian Financial System Code (IFSC) is crucial for any modern banking transaction. This unique code acts like a digital address, ensuring that your money reaches the correct recipient swiftly and securely, whether you’re sending funds through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service). Let’s dive into the specifics of this branch.

Branch Details

Here are the essential details for the Bihar Gramin Bank, Baithania branch:

Bank Name	Bihar Gramin Bank
Branch Name	Baithania
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100291
Branch Address	Baithania, WEST CHAMPARAN, 845454, 9297948743
Contact Number	9297948743
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845454
State	Bihar

Merger Update

The IFSC code PUNB0MBGB06 for the Baithania branch indicates that it operates under the umbrella of Madhya Bihar Gramin Bank. This regional rural bank is sponsored by Punjab National Bank (PNB), which is why the IFSC starts with “PUNB”. This sponsorship helps ensure strong financial backing and standardized services.

It is important to note the significant consolidation within Bihar’s regional rural banking sector. For example, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form a single entity, also operating under a unified IFSC code structure, often sponsored by Punjab National Bank. As a result of such mergers and consolidations, all old UBGB and DBGB IFSC codes have been revoked. For any transactions involving these formerly separate banks, only the new, updated IFSC code is valid and must be used for all financial transfers.

What is an IFSC Code?

The IFSC, or Indian Financial System Code, is a unique 11-character alphanumeric code. It’s used to identify every bank branch in India participating in the NEFT, RTGS, and IMPS systems. Think of it as a specific address for your bank branch in the digital world of money transfers. Here’s how the code is structured:

• First 4 characters: These represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• Fifth character: This character is always a zero (0). It’s reserved for future use, such as for internal bank codes or expansions.
• Last 6 characters: These denote the specific branch code. In our example, “MBGB06” uniquely identifies the Baithania branch of Madhya Bihar Gramin Bank.

Every single bank branch has its own unique IFSC code, making sure funds are routed to the precise location every time.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you’re making a digital fund transfer. Here are the typical steps involved:

1. Log in to your internet banking portal or mobile banking application.
2. Select the type of fund transfer you wish to make: NEFT, RTGS, or IMPS.
3. If you haven’t done so already, add the beneficiary’s details. This includes their full name, account number, and the correct IFSC code for their bank branch.
4. Enter the amount of money you wish to send.
5. Review all the details carefully, especially the beneficiary’s account number and IFSC code, to ensure accuracy.
6. Confirm the transaction. You might receive an OTP (One-Time Password) on your registered mobile number to authorize the transfer.

The IFSC code is essential for ensuring your money goes to the right place quickly and without errors.

Benefits of Knowing Your IFSC Code

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

• Faster and Secure Transfers: It enables quick and secure electronic fund transfers across different banks.
• Accurate Fund Routing: The unique code ensures that your money is routed to the exact intended branch, minimizing errors.
• Eliminates Manual Errors: By standardizing branch identification, it reduces the chances of human error during transactions.
• Required for Digital Transactions: It is a mandatory piece of information for all major online fund transfer methods like NEFT, RTGS, and IMPS.
• Unique Identification: It provides a distinct identity to each bank branch within the Indian financial system.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank Baithania branch or Madhya Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297948743
• Branch Address: Baithania, WEST CHAMPARAN, 845454
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the full form of IFSC?
A1: IFSC stands for Indian Financial System Code.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A2: No, each individual branch of Bihar Gramin Bank, or any other bank for that matter, has its own unique 11-character IFSC code. This ensures that money transfers are directed to the correct specific branch.

Q3: Can I transfer money through NEFT, RTGS, or IMPS without an IFSC code?
A3: No, the IFSC code is a mandatory piece of information for initiating NEFT, RTGS, and IMPS transactions. Without it, the system cannot correctly identify the destination bank branch for your funds.

Q4: What does ‘PUNB’ signify in the IFSC code PUNB0MBGB06?
A4: ‘PUNB’ indicates that the Madhya Bihar Gramin Bank, to which this branch belongs, is sponsored by Punjab National Bank. All IFSC codes for PNB-sponsored regional rural banks will begin with ‘PUNB’.

Q5: What is the MICR code used for?
A5: The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code primarily used for processing and clearing physical cheques. It helps in speeding up cheque processing by allowing machines to read the information quickly.