For residents of Banthu, a key location within Vaishali district, Bihar, understanding your bank’s IFSC code is vital for modern financial dealings. This code acts like a unique digital address for your specific bank branch. Whether you are sending money to family, paying bills, or receiving funds through services like NEFT, RTGS, or IMPS, the correct IFSC code ensures your transaction reaches the intended recipient safely and efficiently, without any delays or errors.
Branch Details
Here are the detailed particulars for the Bihar Gramin Bank, Banthu branch:
| Bank Name | Bihar Gramin Bank |
| Branch Name | Banthu |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 108056 |
| Branch Address | Banthu, VAISHALI, 844114 |
| Contact Number | 9297955030 |
| City | VAISHALI |
| District | VAISHALI |
| Reason | HAJIPUR |
| Pincode | 844114 |
| State | Bihar |
Merger Update
Bihar Gramin Bank was formed following the merger of two significant regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation has streamlined operations and unified the banking system under a single entity.
As a result of this merger, all branches of the newly formed Bihar Gramin Bank now operate under a uniform system for IFSC codes. These codes start with PUNB0. This prefix indicates that the bank is sponsored by Punjab National Bank.
It is very important to note that any old IFSC codes previously used for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked. They are no longer valid for conducting financial transactions. For all banking activities, including those for the Banthu branch, you must use the new, valid IFSC code, which is PUNB0MBGB06.
What is IFSC Code?
The IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems.
The code is structured in a specific way:
- The first four characters represent the bank’s name. For Bihar Gramin Bank, as it is sponsored by Punjab National Bank, these characters are PUNB.
- The fifth character is always a zero (0). This character is reserved for future use.
- The last six characters identify the specific bank branch. For the Banthu branch of Bihar Gramin Bank, these characters are MBGB06.
So, the complete IFSC code PUNB0MBGB06 tells you it’s Punjab National Bank (sponsor), then the Bihar Gramin Bank, and finally the Banthu branch.
How to Use IFSC Code
The IFSC code is essential for various digital fund transfer methods. Here’s a simple guide on how to use it:
- Gather Beneficiary Details: Before starting a transfer, you need the recipient’s bank account number, their name, and their correct IFSC code (for the Banthu branch, it’s PUNB0MBGB06).
- Log In to Your Banking Platform: Access your online banking portal, mobile banking app, or visit your bank branch to fill out a fund transfer form.
- Select Fund Transfer Type: Choose the desired transfer method:
- NEFT (National Electronic Funds Transfer): For transferring funds across banks in batches, typically processed hourly.
- RTGS (Real Time Gross Settlement): For high-value transfers (usually Rs. 2 lakh and above) that are processed individually and immediately.
- IMPS (Immediate Payment Service): For instant, 24/7 transfers, often suitable for smaller amounts.
- Add Beneficiary: If you haven’t transferred to this person before, you will need to add them as a new beneficiary. You will enter their name, account number, and the IFSC code.
- Enter Amount and Remarks: Specify the amount you wish to transfer and add any relevant remarks (e.g., “rent payment,” “family support”).
- Confirm and Authorize: Review all the details carefully to ensure accuracy. Confirm the transaction, often by entering an OTP (One-Time Password) or transaction PIN.
Using the correct IFSC code ensures that your money is routed to the precise branch and account, preventing any misdirection or delays.
Benefits
Knowing and using the correct IFSC code offers several important benefits:
- Ensures Accuracy: It directs your funds to the exact bank branch, minimizing the risk of errors in transfers.
- Facilitates Speedy Transfers: Critical for quick transactions like NEFT, RTGS, and IMPS, ensuring funds are processed efficiently.
- Enhances Security: By uniquely identifying the recipient branch, it adds a layer of security to electronic fund transfers.
- Universal Identification: Acts as a standard identifier for all bank branches across India that participate in interbank fund transfers.
- Simplifies Online Banking: Makes it straightforward to conduct online transactions from the comfort of your home or on the go using mobile apps.
Contact Section
If you need to get in touch with Bihar Gramin Bank, Banthu branch, or the Head Office, here are the contact details:
- Branch Phone Number (Banthu): 9297955030
- Branch Address (Banthu): Banthu, VAISHALI, 844114, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
FAQs
Q1: What is the IFSC code for Bihar Gramin Bank, Banthu branch?
A1: The IFSC code for Bihar Gramin Bank, Banthu branch, is PUNB0MBGB06.
Q2: Why is the IFSC code important for online transactions?
A2: The IFSC code is crucial because it acts as a unique identifier for a specific bank branch. It ensures that your money is transferred accurately and securely to the correct recipient branch and account during NEFT, RTGS, or IMPS transactions.
Q3: Are old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC codes still valid?
A3: No, old IFSC codes for Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked after their merger to form Bihar Gramin Bank. You must now use the new IFSC codes, which start with PUNB0, for all transactions, such as PUNB0MBGB06 for the Banthu branch.
Q4: Can I find the IFSC code on my passbook or cheque book?
A4: Yes, the IFSC code is typically printed on your bank passbook and on the top left corner of your cheque leaves. You can also find it on the bank’s official website or through reliable online IFSC code lookup tools.
Q5: What does the ‘PUNB0’ part of the IFSC code signify for Bihar Gramin Bank?
A5: The ‘PUNB0’ prefix in Bihar Gramin Bank’s IFSC code signifies its sponsorship by Punjab National Bank (PNB). The first four characters, ‘PUNB’, denote the sponsoring bank, while the ‘0’ is a standard placeholder.
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.