Bihar Gramin Bank Banmankhi IFSC Code

When you need to send or receive money electronically, especially to a branch in a place like Banmankhi in Bihar’s Purnia district, you’ll encounter the term IFSC code. This code is essential for ensuring your funds reach the correct bank and branch. Whether you’re using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC acts like a unique address, making sure your transaction is processed smoothly and securely.

Bihar Gramin Bank Banmankhi Branch Details

Here are the key details for the Bihar Gramin Bank branch located in Banmankhi:

Bank Name	Bihar Gramin Bank
Branch Name	Banmankhi
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100720
Branch Address	Banmankhi, PURNIA, 854202, 9297954123
Contact Number	9297954123
City	PURNIA
District	PURNIA
Reason	PURNEA
Pincode	854202
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank, including its Banmankhi branch, is a Regional Rural Bank (RRB) that came into existence through a significant merger. Previously, there were two separate Regional Rural Banks in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks merged to form the current Bihar Gramin Bank.

Following this merger, the banking operations are now unified, and the IFSC codes reflect this change. All branches of the former Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank now operate under the Bihar Gramin Bank identity. The IFSC code for Bihar Gramin Bank, like PUNB0MBGB06 for the Banmankhi branch, indicates its sponsorship by Punjab National Bank (PNB).

It is very important to note that any old IFSC codes belonging to Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are now revoked. These old codes are no longer valid for any fund transfer transactions. For all financial dealings with Bihar Gramin Bank branches, you must use the new, unified IFSC code, such as PUNB0MBGB06, to ensure your payments are processed correctly.

What is an IFSC Code?

An IFSC code stands for Indian Financial System Code. It’s an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify each bank branch participating in online money transfers. Think of it as a digital fingerprint for a specific branch.

The structure of an IFSC code is standard across all banks:

• The first four characters identify the bank. For example, in PUNB0MBGB06, “PUNB” indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• 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 identify the specific branch. In PUNB0MBGB06, “MBGB06” refers to the Banmankhi branch of Bihar Gramin Bank.

This unique structure helps the banking system direct funds accurately to the intended recipient’s branch, even if there are multiple branches of the same bank in different locations.

How to Use an IFSC Code for Fund Transfers

Using an IFSC code is straightforward when you’re making an electronic fund transfer. Here’s a general guide for NEFT, RTGS, and IMPS transactions:

1. Log in to Your Net Banking or Mobile Banking App: Access your online banking portal or mobile application provided by your bank.
2. Select Fund Transfer Option: Look for sections like “Fund Transfer,” “Payments,” or “Send Money.”
3. Add Beneficiary (If New): If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves providing:
   • Beneficiary Name (the account holder’s full name)
   • Beneficiary Account Number (their bank account number)
   • Confirm Beneficiary Account Number
   • Beneficiary Bank’s IFSC Code (e.g., PUNB0MBGB06 for Bihar Gramin Bank, Banmankhi)
   • Beneficiary Bank Name (Bihar Gramin Bank)
   • Sometimes, the Beneficiary Bank’s Branch Name (Banmankhi)

   Once added, the beneficiary details are usually saved for future transactions.

4. Initiate Transfer: Choose the beneficiary you want to send money to.
5. Enter Amount and Type of Transfer: Specify the amount you wish to transfer and select the transfer type (NEFT, RTGS, or IMPS).
   • NEFT: Generally used for transfers of any amount, processed in batches.
   • RTGS: For larger transfers (usually ₹2 lakhs and above), processed individually in real-time.
   • IMPS: For instant transfers, available 24/7, typically for smaller amounts.
6. Confirm Details: Review all the details carefully – beneficiary name, account number, IFSC code, amount, and transaction type – before confirming the transfer. Any error, especially in the account number or IFSC, could lead to funds being sent to the wrong account or the transaction being rejected.

For example, if you are sending ₹10,000 to a friend with an account at Bihar Gramin Bank, Banmankhi branch, you would enter their account number and PUNB0MBGB06 as the IFSC code in your banking app.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code at hand offers several advantages:

• Accurate Fund Transfers: Ensures your money reaches the precise bank branch you intend, minimizing the risk of misdirected funds.
• Efficient Transactions: Speeds up the process of electronic fund transfers like NEFT, RTGS, and IMPS, as the system can quickly route the payment.
• Security: Adds an extra layer of verification, confirming the destination branch’s identity and enhancing the security of your financial transactions.
• Necessary for Online Banking: It’s a mandatory piece of information for almost all online and mobile banking fund transfer services.
• Quick Account Linking: Useful when linking your bank account to various online services, payment apps, or for receiving payments from third parties.

Contact Information

Should you need to get in touch with Bihar Gramin Bank for queries or assistance, here are the relevant contact details:

• Banmankhi Branch Phone Number: 9297954123
• Banmankhi Branch Address: Banmankhi, PURNIA, 854202
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

What is Bihar Gramin Bank?

Bihar Gramin Bank is a Regional Rural Bank (RRB) operating in Bihar. It was formed by the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) and is sponsored by Punjab National Bank.

Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank, Banmankhi?

Yes, PUNB0MBGB06 is the current and only valid IFSC code for the Bihar Gramin Bank, Banmankhi branch. Any previous IFSC codes from the merged entities (UBGB or DBGB) are no longer active.

What happens if I use an old or incorrect IFSC code?

If you use an old or incorrect IFSC code, your fund transfer transaction will likely fail or be rejected by the bank. The funds might be returned to your account, but this could cause delays. Always double-check the IFSC code before initiating a transfer.

Can I find the IFSC code offline?

Yes, you can often find the IFSC code printed on your bank passbook or checkbook. Alternatively, you can visit the bank branch directly and ask a representative.

Is the IFSC code unique for every branch?

Yes, the IFSC code is unique to each individual bank branch in India that participates in electronic fund transfers. This uniqueness ensures that money is routed to the exact intended destination.