The Baluan Sagar branch of Bihar Gramin Bank is located in Baluan Sagar, Gopalganj district, Bihar (PIN 841503). This IFSC code page helps you find the exact code needed for electronic fund transfers. The IFSC is essential when sending money via NEFT, RTGS or IMPS. It tells the payment system which bank and which branch should receive the funds. Using the correct IFSC reduces delays, failed transfers and manual intervention.
Branch Details Table
| Bank Name | Bihar Gramin Bank |
| Branch Name | Baluan Sagar |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100550 |
| Branch Address | Baluan Sagar, GOPALGANJ, 841503, 9297954550 |
| Contact Number | 9297954550 |
| City | GOPALGANJ |
| District | GOPALGANJ |
| Reason | GOPALGANJ |
| Pincode | 841503 |
| State | Bihar |
Merger Update
This branch is part of Bihar Gramin Bank. Historically, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were separate. They were merged and now operate under a single arrangement with Punjab National Bank. After the merger, the unified IFSC code in use is PUNB0MBGB06. Old IFSC codes that belonged to UBGB or DBGB have been revoked. For electronic transfers only the new IFSC PUNB0MBGB06 should be used. Using any old or revoked IFSC will likely result in a failed transaction or require manual reconciliation and delay.
What is IFSC Code?
IFSC stands for Indian Financial System Code. It is an 11-character code used to route electronic payments to a specific bank branch in India. The code format is fixed:
- First 4 characters: bank identifier (letters). Example: PUNB = Punjab National Bank.
- 5th character: always the digit 0 (reserved for future use).
- Last 6 characters: branch identifier (alphanumeric). They point to the exact branch, for example MBGB06 in PUNB0MBGB06.
The IFSC is different from the MICR code. MICR (Magnetic Ink Character Recognition) is used for cheque clearing and is numeric. IFSC is necessary for online electronic transfers (NEFT/RTGS/IMPS).
How to Use IFSC Code
Follow these practical steps when making a transfer.
- Open your bank app or net banking portal and go to “Add Beneficiary” or “New Payee”.
- Enter the beneficiary name exactly as on their account.
- Enter the beneficiary account number. Double-check digits.
- Enter the IFSC: PUNB0MBGB06 for Baluan Sagar branch. Verify the 5th character is zero.
- Save beneficiary. The bank may take a short verification hold before enabling transfers.
- Choose transfer type: NEFT, RTGS or IMPS depending on urgency and amount.
- Enter amount and purpose. Authorize the payment with OTP, UPI PIN or token as required.
- Keep transaction reference for tracking. If transfer fails, contact your bank quoting the reference and IFSC.
Notes:
- IMPS is instant and available 24×7 for most accounts.
- NEFT is now available 24×7 in batches. Expect quick settlement, but timing can vary slightly by bank.
- RTGS is used for high-value transfers (typically ₹2 lakh minimum) and is also available round-the-clock.
- Banks may apply charges per their tariff for NEFT/RTGS/IMPS.
Benefits of Knowing the IFSC
- Accurate routing: ensures funds reach the correct bank branch without manual correction.
- Faster transfers: correct IFSC reduces failed transactions and exceptions.
- Required for all NEFT/RTGS/IMPS payments. You cannot complete a beneficiary setup without it.
- Helps verify beneficiary details. The bank part of IFSC lets you confirm the bank, and the branch part the location.
- Useful when giving or receiving payments from employers, vendors, government agencies and marketplaces.
Contact
Branch phone no: 9297954550
Branch Address: Baluan Sagar, GOPALGANJ, 841503
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777
FAQs
Q: Can I use an old UBGB or DBGB IFSC for transfers to this branch?
A: No. Old UBGB and DBGB IFSCs have been revoked after the merger. Use the new IFSC PUNB0MBGB06 only.
Q: What if I enter the wrong IFSC but correct account number?
A: If the IFSC points to a different branch but the account number matches a valid account in that branch, the payment may go through to that account. If there is no match, the transfer will fail or be returned. Always verify both account number and IFSC to avoid misrouting.
Q: Where can I verify the IFSC before making payment?
A: Verify on the beneficiary’s passbook, cheque leaf, or by calling the branch phone (9297954550). You can also confirm with your bank’s customer care. Do not rely solely on third-party websites; cross-check with bank records.
Q: Is IFSC the same as MICR?
A: No. IFSC is 11 characters and used for electronic transfers. MICR is a 9-digit numeric code printed on cheques used for cheque clearing.
Q: What are typical timings and limits for NEFT/RTGS/IMPS?
A: IMPS is instant and available 24×7. NEFT operates round-the-clock in hourly batches for most banks. RTGS is for large-value transfers (commonly minimum ₹2,00,000) and is also available 24×7. Actual processing may depend on both remitting and beneficiary banks and any compliance holds.
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.