Bihar Gramin Bank Bajopur IFSC Code

In Bajopur, Samastipur, Bihar, having the correct bank details is essential for smooth financial transactions. One of the most critical pieces of information for sending or receiving money electronically is the Indian Financial System Code, or IFSC. This unique code acts like a digital address for bank branches, making sure your funds go to the right place. Whether you’re using NEFT, RTGS, or IMPS for online transfers, the IFSC code is a mandatory detail that ensures your money reaches its destination accurately and quickly.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Bajopur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3970
Branch Address	Bajopur, Samastipur, 848129, 9955997887
Contact Number	9955997887
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848129
State	Bihar

Merger Update for Bihar Gramin Bank

The financial landscape for regional rural banks in Bihar has seen significant changes. The Bihar Gramin Bank, under which the Bajopur branch operates, is a result of the merger between Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank (MBGB). This unified entity now functions as Bihar Gramin Bank, sponsored by Punjab National Bank.

It is important to note that following this merger, a standardized IFSC code has been adopted for all branches falling under the Punjab National Bank sponsorship. For the Bajopur branch, and indeed many other branches of the new Bihar Gramin Bank that were formerly part of Madhya Bihar Gramin Bank, the valid IFSC code is PUNB0MBGB06. Any older IFSC codes that might have been associated with Uttar Bihar Gramin Bank or Madhya Bihar Gramin Bank prior to their full integration and adoption of new codes have been revoked. Always use PUNB0MBGB06 for any electronic fund transfers to ensure your transaction is successful.

Understanding the IFSC Code

The IFSC code is an 11-character alphanumeric code. It uniquely identifies each bank branch participating in online money transfers. Understanding its structure helps in verifying its authenticity:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” points to the particular branch within the Madhya Bihar Gramin Bank system now part of Bihar Gramin Bank.

This systematic arrangement ensures that every branch has its own distinct digital address, preventing errors in financial transactions.

How to Use the IFSC Code for Transfers

Using the IFSC code is a straightforward process when you want to send money online through NEFT, RTGS, or IMPS. Here’s a general guide:

1. Log in to your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select the Transfer Type: Choose the desired transfer method: NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add a 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 their name, account number, account type, and the crucial IFSC code.
4. Enter Beneficiary Details: Input the recipient’s bank account number, confirm it, and carefully enter the IFSC code (PUNB0MBGB06 for Bihar Gramin Bank, Bajopur branch).
5. Specify Amount and Remarks: Enter the amount you wish to transfer and any remarks for the transaction.
6. Confirm and Authenticate: Review all details, especially the account number and IFSC code, before confirming the transaction. You may need to authenticate it with an OTP or transaction password.

Always double-check the IFSC code and account number before initiating a transfer. A small error can lead to funds being sent to the wrong account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several practical advantages:

• Accurate Fund Transfers: Ensures your money reaches the intended recipient’s bank account without any misdirection.
• Faster Processing: Correct IFSC codes help systems quickly route transactions, leading to quicker processing times for NEFT, RTGS, and IMPS.
• Error Prevention: Reduces the chances of failed transactions or funds being sent to incorrect accounts, saving you time and stress.
• Online Transactions: Essential for setting up various online payments, including utility bills, loan EMIs, and e-commerce purchases.
• Banking Convenience: Empowers you to carry out all electronic fund transfers directly from your home or on the go, without needing to visit the bank physically.
• UPI Payments: While UPI often uses a virtual payment address (VPA), the underlying system still relies on accurate bank and branch identification, which the IFSC helps facilitate.

Contact Information

If you need to get in touch with the bank, here are the relevant contact details:

• Branch Phone Number (Bajopur): 9955997887
• Branch Address (Bajopur): Bajopur, Samastipur, 848129
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank Sponsor): 18001807777

Frequently Asked Questions (FAQs)

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

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, the IFSC code PUNB0MBGB06 is specific to branches that were formerly part of Madhya Bihar Gramin Bank and are now under the Bihar Gramin Bank, sponsored by Punjab National Bank. Each branch of Bihar Gramin Bank will have a unique IFSC code, although they might all start with “PUNB0MBGB” if sponsored by PNB. Always verify the exact IFSC for the specific branch you are dealing with.

Q2: What should I do if my online transfer fails due to an incorrect IFSC code?
A2: If a transfer fails because of an incorrect IFSC code, the bank’s system usually rejects the transaction, and the funds are typically returned to your account within a few hours or one to two business days. You should then re-initiate the transfer with the correct IFSC code (PUNB0MBGB06 for Bajopur branch).

Q3: Can I find the IFSC code on my passbook?
A3: Yes, most bank passbooks and cheque books will have the branch’s IFSC code printed on them. You can usually find it on the first page of your passbook or on the cheque leaf itself.

Q4: Is the MICR code the same as the IFSC code?
A4: No, the MICR (Magnetic Ink Character Recognition) code and the IFSC code are different. The MICR code is a 9-digit numerical code used mainly for processing cheques, typically found at the bottom of a cheque leaf. The IFSC code is an 11-character alphanumeric code used for electronic fund transfers like NEFT, RTGS, and IMPS.

Q5: What is the significance of “PUNB” in the IFSC code PUNB0MBGB06?
A5: “PUNB” in the IFSC code signifies Punjab National Bank. This indicates that Bihar Gramin Bank (specifically the Madhya Bihar Gramin Bank component) is sponsored by Punjab National Bank, which plays a role in its operations and technological infrastructure for electronic banking services.