Bihar Gramin Bank Baidhyanathpur IFSC Code

At the heart of Samastipur district in Bihar, the Baidhyanathpur branch of Bihar Gramin Bank serves the local community. For anyone looking to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. This unique code acts like a digital address, ensuring that your fund transfers through systems like NEFT, RTGS, and IMPS reach the correct bank and branch without any errors.

Branch Details

Here are the key details for the Bihar Gramin Bank, Baidhyanathpur branch:

Bank Name	Bihar Gramin Bank
Branch Name	Baidhyanathpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3942
Branch Address	Baidhyanathpur, Samastipur, 848210, 9955997848
Contact Number	9955997848
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848210
State	Bihar

Merger Update

For those familiar with banking in Bihar, it’s important to note a significant change. The Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form a single entity: Bihar Gramin Bank. This new bank operates under the sponsorship of Punjab National Bank. As a result of this merger, all branches, including Baidhyanathpur, now use a unified IFSC code: PUNB0MBGB06.

This means that any old IFSC codes previously used for UBGB or DBGB branches are now revoked and are no longer valid for transactions. To ensure your fund transfers go through successfully, always use the new and active IFSC code, PUNB0MBGB06, for Bihar Gramin Bank accounts.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online money transfers within India. This code is crucial for ensuring that your funds are directed to the correct bank and branch when you perform transactions like NEFT, RTGS, or IMPS.

The structure of the IFSC code is straightforward:

• The first four characters are alphabetic and represent the bank. For Bihar Gramin Bank, under Punjab National Bank’s sponsorship, these are “PUNB”.
• The fifth character is always a zero (‘0’). This character is reserved for future use.
• The last six characters are alphanumeric and identify the specific branch. For the Baidhyanathpur branch, these are “MBGB06”.

So, for Bihar Gramin Bank, Baidhyanathpur branch, the complete IFSC code is PUNB0MBGB06.

How to Use IFSC Code

Using the IFSC code is a standard part of initiating electronic fund transfers. Here’s how you typically use it for NEFT, RTGS, or IMPS:

1. Log in to Net Banking or Mobile Banking: Access your bank’s online platform or mobile application.
2. Select Transfer Type: Choose the type of transfer you want to make, such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves providing the following details:
   • Beneficiary Name
   • Beneficiary Account Number (and confirm it)
   • Beneficiary Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary Branch Name (e.g., Baidhyanathpur)
   • Beneficiary IFSC Code: This is where you enter PUNB0MBGB06.
4. Enter Amount and Confirm: After adding the beneficiary, you can proceed to enter the amount you wish to transfer and confirm the transaction.

Always double-check the IFSC code and account number before confirming any transaction to avoid errors or delays.

Benefits of Knowing Your IFSC Code

Knowing and using the correct IFSC code offers several advantages for financial transactions:

• Accurate Fund Transfers: It ensures your money reaches the exact intended bank and branch, preventing misdirected funds.
• Mandatory for Online Transfers: IFSC is a requirement for all NEFT, RTGS, and IMPS transactions, making digital banking possible.
• Speed and Efficiency: It streamlines the process of electronic fund transfers, allowing for faster and more efficient movement of money.
• Reduced Errors: By uniquely identifying each branch, it significantly reduces the chances of manual errors that could occur with other methods.
• Nationwide Standard: It’s a standardized system across all banks in India, making inter-bank transfers consistent and reliable.

Contact Information

For direct inquiries or assistance related to the Baidhyanathpur branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9955997848
• Branch Address: Baidhyanathpur, Samastipur, 848210, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

FAQs

Here are some common questions about the IFSC code for Bihar Gramin Bank, Baidhyanathpur:

Q1: What is the IFSC code for Bihar Gramin Bank, Baidhyanathpur branch?
A1: The IFSC code for Bihar Gramin Bank, Baidhyanathpur branch is PUNB0MBGB06.

Q2: Why is the IFSC code important for fund transfers?
A2: The IFSC code is vital because it acts as a unique identifier for each bank branch. It ensures that your electronic fund transfers via NEFT, RTGS, or IMPS are routed correctly to the intended beneficiary’s bank and specific branch.

Q3: Can I still use an old IFSC code from Uttar Bihar Gramin Bank for transfers?
A3: No, old IFSC codes for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are no longer valid. Due to the merger, only the new consolidated IFSC code, PUNB0MBGB06, is valid for all Bihar Gramin Bank transactions.

Q4: What happens if I enter an incorrect IFSC code during a transfer?
A4: If you enter an incorrect IFSC code, your transaction will likely fail and be rejected by the bank. In some rare cases, if the incorrect code happens to belong to another valid branch and bank, the funds might be misdirected, leading to significant delays and complications in recovery. Always verify the IFSC code carefully.

Q5: Is Bihar Gramin Bank a government bank?
A5: Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are financial institutions that cater to the financial needs of rural areas. While they are distinct from commercial banks, they are sponsored by a larger public sector bank (in this case, Punjab National Bank) and are regulated by the Reserve Bank of India (RBI) and NABARD. This means it has strong backing from a government-owned entity.