The BAGAIN branch of Bihar Gramin Bank is located in the Buxar district of Bihar. For any online money transfer to an account at this branch, you need a specific code called the Indian Financial System Code (IFSC). This 11-character code is essential for directing funds accurately through systems like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC code, your transaction will not be processed.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | BAGAIN |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | BAGAIN, Buxar, 822134, 7541807554 |
| Contact Number | 7541807554 |
| City | Buxar |
| District | Buxar |
| Region | BHABHUA |
| Pincode | 822134 |
| State | Bihar |
Important Merger Update
Bihar Gramin Bank was formed by the merger of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). The newly formed bank is now sponsored by Punjab National Bank (PNB). As a result of this merger, all old IFSC codes belonging to UBGB and DBGB have been discontinued.
For any transaction, you must use the new IFSC code, which starts with “PUNB” to reflect the sponsorship by Punjab National Bank. The correct and currently valid IFSC code for all branches of Bihar Gramin Bank is PUNB0MBGB06. Using an old or invalid code will lead to transaction failure.
What is an IFSC Code?
The IFSC code is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the electronic funds transfer network. This code ensures that money is routed to the correct branch and account without any errors. The structure is consistent across all banks.
- First 4 Characters: These represent the name of the bank. For Bihar Gramin Bank, the code is PUNB, indicating its sponsor bank, Punjab National Bank.
- Fifth Character: This is always a zero (0). It is reserved for future use by the RBI.
- Last 6 Characters: This part identifies the specific branch. For the BAGAIN branch, this unique identifier is MBGB06.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for online banking is a straightforward process, whether you are using a mobile app or a web portal. The steps are generally the same for NEFT, RTGS, and IMPS transactions.
- Log in to Net Banking: Access your bank account through its official mobile application or website.
- Add a Beneficiary: Navigate to the “Fund Transfer” or “Payments” section and select the option to “Add a Beneficiary” or “Add a Payee.”
- Enter Beneficiary Details: You will be prompted to enter the recipient’s name, bank account number, and account type (savings or current).
- Enter the IFSC Code: In the designated field, carefully type the 11-character IFSC code for the recipient’s branch. For the BAGAIN branch, this is PUNB0MBGB06.
- Verify and Confirm: Double-check all the details you have entered, especially the account number and IFSC code. Confirm the addition of the new beneficiary, which may require an OTP sent to your registered mobile number.
- Initiate the Transfer: Once the beneficiary is added, you can select them from your list, enter the amount you wish to send, and complete the transaction.
Benefits of Using the Correct IFSC Code
- Ensures Accuracy: The primary benefit is that your money reaches the intended recipient’s bank branch without any errors or misdirection.
- Prevents Transaction Failure: Using the correct IFSC code significantly reduces the chances of a transaction being rejected or delayed.
- Faster Processing: The code automates the fund transfer process, allowing for quicker settlement of payments through systems like IMPS and NEFT.
- Secure Transactions: It adds a layer of verification to the transfer process, ensuring the destination account exists within a specific, identifiable branch.
Contact Information
For any direct queries or assistance, you can reach out to the branch or the head office.
- Branch Phone Number: 7541807554
- Branch Address: BAGAIN, Buxar, 822134, 7541807554
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
1. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. All old IFSC codes from both Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are no longer valid. You must use the new PNB-sponsored IFSC code (PUNB0MBGB06) for all transactions to be successful.
2. What happens if I enter the wrong IFSC code?
If you enter an invalid IFSC code, the banking system will likely reject the transaction immediately. If the code exists but points to the wrong branch, the transfer may fail and the funds will be reversed to your account, though this can take a few business days.
3. Is the IFSC code the same for all branches of Bihar Gramin Bank?
Yes, following the amalgamation and sponsorship by PNB, all branches of Bihar Gramin Bank currently use the single IFSC code PUNB0MBGB06. This centralizes the transaction processing for the bank.
4. Are the IFSC code and MICR code the same thing?
No. The IFSC code is used for online fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf, used for processing cheques.
5. Where can I find the IFSC code on my bank documents?
The IFSC code for your branch is usually printed on your bank passbook and on the cheque leaves issued to you. You can also find it on your bank’s official website or by contacting customer service.
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.