Bihar Gramin Bank Dumaria IFSC Code

The Bihar Gramin Bank branch in Dumaria, located in the West Champaran district of Bihar, serves as a crucial financial hub for the local community. For anyone needing to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is essential. The IFSC code acts like a unique digital address for bank branches, allowing for smooth and secure online fund transfers through services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Knowing the correct IFSC code ensures your money reaches the right destination without delays or errors.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Dumaria
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108041
Branch Address	Dumaria, WEST CHAMPARAN, 845438, 9297954037
Contact Number	9297954037
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845438
State	Bihar

Merger Update

Previously, regional rural banking in Bihar was handled by various banks, including Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two entities have since merged to form a single, unified bank: Bihar Gramin Bank. This merger was an important step to streamline banking services and operations across the region. As a result of this consolidation, all branches, including Dumaria, now operate under the new identity of Bihar Gramin Bank.

For all financial transactions, including those for the Dumaria branch, the current and only valid IFSC code is PUNB0MBGB06. This code is issued and governed by Punjab National Bank, which sponsors Bihar Gramin Bank. It is crucial to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are now revoked and are no longer valid for any fund transfers. Using an outdated IFSC code will lead to transaction failures. Always use PUNB0MBGB06 for transactions related to Bihar Gramin Bank branches like Dumaria.

What is IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies every bank branch participating in online money transfers within India. It is assigned by the Reserve Bank of India (RBI). Understanding its structure helps in verifying its authenticity:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, this is “PUNB” because it is sponsored by Punjab National Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters uniquely identify the specific branch. For the Dumaria branch, these are “MBGB06”.

So, for the Dumaria branch, PUNB0MBGB06 breaks down as: PUNB (Punjab National Bank, the sponsoring bank), 0 (control character), and MBGB06 (the specific branch code for Dumaria, under the umbrella of the merged Bihar Gramin Bank).

How to Use IFSC Code

Using the IFSC code is a straightforward process when you need to transfer funds electronically. Here are the general steps:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank’s online platform using your credentials.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary (Recipient): If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This typically involves providing:
   • Beneficiary Name
   • Beneficiary Account Number
   • Confirm Beneficiary Account Number
   • Bank Name (e.g., Bihar Gramin Bank)
   • Branch Name (e.g., Dumaria)
   • The correct IFSC Code (PUNB0MBGB06)

   Some banks may require a cooling-off period (e.g., 30 minutes to 4 hours) before you can transfer a significant amount to a newly added beneficiary.

4. Initiate Transfer: Once the beneficiary is added, select them, enter the amount you wish to send, choose the transfer type (NEFT, RTGS, or IMPS), and add any remarks if necessary.
5. Confirm and Authenticate: Review all details carefully. Your bank will usually send an OTP (One-Time Password) to your registered mobile number or email for transaction authentication. Enter the OTP to complete the transfer.

Remember that NEFT transactions are processed in batches, RTGS is for large value transfers processed individually in real-time, and IMPS allows instant transfers round-the-clock.

Benefits of Knowing the IFSC Code

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

• Enables Electronic Fund Transfers: It is mandatory for initiating NEFT, RTGS, and IMPS transactions, allowing for quick and efficient money movement.
• Ensures Accuracy: The unique code helps route funds to the exact intended bank branch, minimizing the risk of errors or misdirected payments.
• Faster Processing: Correct IFSC codes help banks process transactions more quickly, reducing delays in receiving or sending money.
• Secure Transactions: It adds a layer of security by ensuring that funds are sent to a verified and specific bank branch.
• Easy Payments: Facilitates online payments for bills, shopping, and other financial obligations directly from your bank account.
• Account Verification: Often required for linking bank accounts to various financial services, investment platforms, or for salary deposits.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank, Dumaria branch, or general banking services, you can use the following contact details:

• Dumaria Branch Phone Number: 9297954037
• Dumaria Branch Address: Dumaria, WEST CHAMPARAN, 845438
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

FAQs

Here are answers to some common questions about IFSC codes and Bihar Gramin Bank:

Q1: Is the IFSC code mandatory for all bank transfers?
A1: Yes, the IFSC code is mandatory for all electronic fund transfers within India, including NEFT, RTGS, and IMPS. Without it, your online transfer request cannot be processed.

Q2: Where can I find the IFSC code for my bank branch?
A2: You can typically find your bank’s IFSC code on your cheque book, passbook, or bank statements. It is also available on the bank’s official website, the Reserve Bank of India (RBI) website, or through various reliable third-party financial websites. For Bihar Gramin Bank, Dumaria, it’s PUNB0MBGB06.

Q3: What happens if I use an incorrect IFSC code?
A3: If you enter an incorrect IFSC code, the transaction will most likely fail immediately. The bank’s system will detect that the code does not match the beneficiary’s bank or branch and will reject the transfer. The funds will then be returned to your account. In rare cases, if the incorrect IFSC code corresponds to a valid but wrong branch, the funds might go to the wrong account, which can be difficult to recover.

Q4: Can the IFSC code change for a bank branch?
A4: An IFSC code can change if there is a merger of banks, a branch relocation, or a restructuring of the bank’s operations. As seen with Bihar Gramin Bank, the merger of UBGB and DBGB led to a new, unified IFSC code structure. It’s always a good idea to verify the IFSC code if you haven’t transacted with a particular branch for a long time.

Q5: Is MICR code the same as IFSC code?
A5: No, MICR (Magnetic Ink Character Recognition) code is different from IFSC code. The MICR code is a 9-digit code primarily used for processing cheques and identifies the bank, city, and branch. It helps in faster clearing of cheques. The IFSC code, on the other hand, is an 11-character code used specifically for electronic fund transfers. While both identify a branch, they serve different purposes.