Bihar Gramin Bank Baluwaha IFSC Code

The Bihar Gramin Bank has a branch located in Baluwaha, a key area within the Saharsa district of Bihar. This branch serves the local community’s banking needs. When you need to send or receive money electronically, understanding and using the correct Indian Financial System Code, or IFSC, is vital. This unique code is essential for various digital fund transfer methods like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service), ensuring your transactions reach the right bank and branch.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Baluwaha
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100788
Branch Address	Baluwaha, SAHARSA, 852106, 9297954231
Contact Number	9297954231
City	SAHARSA
District	SAHARSA
Region	SAHARSA
Pincode	852106
State	Bihar

Merger Update

Bihar Gramin Bank, which includes the Baluwaha branch, was formed from the merger of several regional rural banks, including the former Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank (MBGB). Due to these mergers, all branches now operate under a unified structure, sponsored by Punjab National Bank. Therefore, any old IFSC codes previously used by entities like UBGB are no longer valid. For the Baluwaha branch, and indeed for all branches of Bihar Gramin Bank, the single valid IFSC code is PUNB0MBGB06. Always use this new code for all your financial transactions to ensure they are processed correctly.

What is an IFSC Code?

An IFSC code is an 11-character alpha-numeric code that uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. It helps direct your money to the exact branch you intend. Let’s break down how it works:

• The first four characters represent the bank name. For Bihar Gramin Bank, sponsored by Punjab National Bank, these are “PUNB”.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters specify the individual branch. For the Baluwaha branch of Bihar Gramin Bank, these are “MBGB06”. Combined, “PUNB0MBGB06” forms the complete and unique identifier for this specific branch.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re setting up an electronic fund transfer. Here’s how it generally works for different types of transactions:

1. For NEFT (National Electronic Funds Transfer) or RTGS (Real Time Gross Settlement):
• Log into your online banking portal or visit your bank branch.
• Select the option for NEFT or RTGS transfer.
• Enter the beneficiary’s name, account number, and the correct IFSC code (PUNB0MBGB06 for Baluwaha branch).
• Specify the amount you wish to transfer.
• Review all details carefully before confirming the transaction.
2. For IMPS (Immediate Payment Service):
• Open your mobile banking app or internet banking service.
• Choose the IMPS option.
• Input the beneficiary’s mobile number, MMID (Mobile Money Identifier), or account number and IFSC code (PUNB0MBGB06).
• Enter the transfer amount.
• Confirm the details to send the money instantly.

Always double-check the IFSC code, account number, and beneficiary name to avoid errors and ensure your money reaches the right person.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code at hand offers several practical advantages for your banking activities:

• Accurate Fund Transfers: It ensures your money goes to the correct branch, preventing delays or incorrect deposits.
• Faster Transactions: Essential for quick electronic transfers like NEFT, RTGS, and IMPS.
• Online Banking Convenience: Required for setting up beneficiaries and initiating transfers through internet or mobile banking.
• Security: Reduces the risk of fraud by uniquely identifying the destination branch.
• Remittance Services: Important for receiving funds from other banks or even international remittances that route through the Indian banking system.

Contact Information

If you need to get in touch with the Bihar Gramin Bank Baluwaha branch or the bank’s head office, here are the details:

• Baluwaha Branch Phone Number: 9297954231
• Baluwaha Branch Address: Baluwaha, SAHARSA, 852106, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Q1: Is the IFSC code for Bihar Gramin Bank Baluwaha branch the same as other Bihar Gramin Bank branches?

No, while the first five characters (PUNB0) might be consistent for many Bihar Gramin Bank branches due to the sponsor bank (Punjab National Bank), the last six characters are unique to each specific branch. So, PUNB0MBGB06 is only for the Baluwaha branch.

Q2: What should I do if I enter an incorrect IFSC code during a transaction?

If you enter an incorrect IFSC code, the transaction will likely fail or be delayed. If the transaction goes through to a different account, you should immediately contact your bank to report the error and seek assistance in reversing the transaction.

Q3: Can I find the IFSC code on my passbook or chequebook?

Yes, the IFSC code is typically printed on your bank passbook and chequebook. It is usually found on the top left or top right corner of a cheque leaf, and on the first page of your passbook.

Q4: What is the difference between an IFSC code and a MICR code?

An IFSC code is an 11-character code used for electronic fund transfers like NEFT, RTGS, and IMPS. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code used for processing physical cheques. It helps in faster clearing of cheques.

Q5: Is it safe to share my IFSC code?

Yes, it is generally safe to share your IFSC code. It is public information and is only used to direct incoming funds to your bank branch. Sharing it does not give anyone access to your account or funds.