Bihar Gramin Bank Bajidpur IFSC Code

If you need to send or receive money from the Bihar Gramin Bank branch in Bajidpur, Samastipur, Bihar, understanding its Indian Financial System Code (IFSC) is essential. This unique code allows for secure and smooth electronic fund transfers through systems like NEFT, RTGS, and IMPS. It acts like a digital address, ensuring your money reaches the correct bank and specific branch without error.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	Bajidpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3959
Branch Address	Bajidpur, Samastipur, 848503, 9955997866
Contact Number	9955997866
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848503
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed from the amalgamation of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank. Previously, these individual banks had their own distinct IFSC codes. Following the merger, all branches under the new Bihar Gramin Bank operate with a unified IFSC code structure, which is sponsored by Punjab National Bank.

For the Bajidpur branch, and indeed for all branches of Bihar Gramin Bank, the current and valid IFSC code is PUNB0MBGB06. It is crucial to understand that any old IFSC codes previously used by branches belonging to Uttar Bihar Gramin Bank or Madhya Bihar Gramin Bank are now revoked. For any future fund transfers or banking activities, you must exclusively use the new, unified IFSC code: PUNB0MBGB06. Using an outdated code will result in transaction failure.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is a special 11-character code. It combines letters and numbers to uniquely identify every bank branch in India participating in online fund transfers. Think of it as a digital fingerprint for a bank branch.

• The first four characters represent the bank name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This is a control character, reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters identify the specific bank branch. In our example, “MBGB06” points directly to the Bajidpur branch of Bihar Gramin Bank.

This structured format ensures that even if two branches have similar names, their IFSC codes will always be unique, preventing confusion in financial transactions.

How to Use the IFSC Code

The IFSC code is vital when you want to transfer money electronically using services like NEFT, RTGS, or IMPS. Here’s a quick guide on how to use it:

1. Gather Receiver’s Details: You will need the beneficiary’s (the person receiving the money) account number, account holder’s name, and the correct IFSC code of their bank branch.
2. Access Your Banking Service: Log in to your net banking portal or mobile banking app. You can also visit your bank branch to fill out a NEFT/RTGS form.
3. Initiate Fund Transfer: Select the type of transfer you want to make (NEFT, RTGS, or IMPS).
4. Add Beneficiary: If you’re sending money to this person for the first time, you’ll need to add them as a new beneficiary. You’ll input their account number, name, and the IFSC code (PUNB0MBGB06 for Bajidpur branch).
5. Confirm Details: Double-check all the entered information, especially the account number and IFSC code, to avoid any errors.
6. Enter Amount: Specify the amount you wish to transfer.
7. Complete Transaction: Authorize the transfer using your transaction password or OTP (One Time Password).

The system uses the IFSC code to route your money directly and securely to the correct bank and branch.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code for your bank or the bank you are transacting with offers several advantages:

• It enables fast and reliable electronic fund transfers, ensuring money reaches the correct destination quickly.
• It is mandatory for initiating transactions via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).
• It helps in avoiding transaction failures and the associated delays or charges that can occur with incorrect details.
• It provides a unique identification for each bank branch, reducing the chances of misdirection of funds.
• It is often required when you are setting up automatic bill payments or linking your bank account to various financial services.

Contact Information

• Branch Phone Number (Bajidpur): 9955997866
• Branch Address (Bajidpur): Bajidpur, Samastipur, 848503, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 only for the Bajidpur branch?

No, the last six characters “MBGB06” specifically identify the Bajidpur branch. While the “PUNB0MBGB” part indicates Bihar Gramin Bank, the full 11-character code is unique to this particular branch.

Q2: Can I use an old IFSC code if I still have it from before the merger?

No, it is very important to use only the current IFSC code, PUNB0MBGB06, for all transactions related to Bihar Gramin Bank’s Bajidpur branch. Old IFSC codes from Uttar Bihar Gramin Bank or Madhya Bihar Gramin Bank are no longer valid and will cause your transaction to fail.

Q3: What should I do if my transaction fails due to an incorrect IFSC code?

If a transaction fails because of an incorrect IFSC code, the money is usually returned to your account within a few hours or a working day. You should then re-initiate the transaction using the correct IFSC code (PUNB0MBGB06 for Bajidpur) and double-check all other details.

Q4: How can I find the IFSC code for another Bihar Gramin Bank branch?

You can find the IFSC code for other Bihar Gramin Bank branches on the bank’s official website, through your passbook, or by contacting the bank’s customer service number (18001807777).

Q5: Is an IFSC code the same as a MICR code?

No, they are different. An IFSC code is used for electronic fund transfers like NEFT, RTGS, and IMPS. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code primarily used for processing cheques. While both identify bank branches, their purposes and structures are distinct.