Bihar Gramin Bank Bargaon IFSC Code

Located in the vibrant region of Bargaon, within the Saharsa district of Bihar, the Bihar Gramin Bank’s Bargaon branch serves as a vital financial hub for its community. For any electronic fund transfers like NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address, ensuring your money reaches the right bank and branch quickly and securely. Without it, online transactions cannot be completed.

Branch Details

Here are the specific details for the Bihar Gramin Bank, Bargaon branch:

Bank Name	Bihar Gramin Bank
Branch Name	Bargaon
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100844
Branch Address	Bargaon, SAHARSA, 852212, Bihar
Contact Number	9297954232
City	SAHARSA
District	SAHARSA
Pincode	852212
State	Bihar

Merger Update for Bihar Gramin Bank

For customers of what were once Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it is important to note a significant change. These two banks merged to form the single entity now known as Bihar Gramin Bank. This new bank operates under the sponsorship of Punjab National Bank. As a result of this merger, all branches, including Bargaon, now use a unified IFSC code structure. The IFSC code PUNB0MBGB06 reflects this change, with ‘PUNB’ indicating the sponsoring bank, Punjab National Bank, and ‘MBGB’ representing the merged Bihar Gramin Bank. All old IFSC codes previously associated with UBGB or DBGB have been revoked. For any transactions, only the new, updated IFSC code like PUNB0MBGB06 is valid. Using an old or incorrect code will cause your transaction to fail.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in electronic funds transfers. Understanding its structure can be helpful:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsoring 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 our example, ‘MBGB06’ uniquely points to the Bargaon branch of Bihar Gramin Bank.

This standardized format ensures that every branch has its own distinct digital address for seamless online banking.

How to Use the IFSC Code

You’ll need the IFSC code for various electronic fund transfer methods. Here’s a basic guide:

• For NEFT (National Electronic Funds Transfer):

  When you want to send money via NEFT, you’ll typically log into your bank’s online portal or visit a branch. You will need to add the beneficiary’s details, which include their name, account number, bank name, and the correct IFSC code (e.g., PUNB0MBGB06 for Bihar Gramin Bank, Bargaon). Funds are processed in batches throughout the day.

• For RTGS (Real Time Gross Settlement):

  RTGS is used for large-value transactions, typically over ₹2 lakh. Like NEFT, you’ll input the beneficiary’s name, account number, bank, and the specific IFSC code. RTGS transactions are processed individually and immediately, offering faster settlement for significant amounts.

• For IMPS (Immediate Payment Service):

  IMPS allows for instant, 24/7 fund transfers. When using IMPS, you’ll enter the beneficiary’s mobile number, their MMID (Mobile Money Identifier, if applicable), or their account number and IFSC code (PUNB0MBGB06). The money is transferred to the recipient’s account right away.

Always double-check the IFSC code and other beneficiary details before confirming a transaction to avoid errors.

Benefits of Knowing Your IFSC Code

Understanding and having easy access to the correct IFSC code offers several key advantages:

• Accurate Fund Transfers: It ensures your money goes to the correct bank and branch, preventing delays or lost funds.
• Faster Transactions: Correct details, including the IFSC, speed up the processing of NEFT, RTGS, and IMPS payments.
• Online Banking Convenience: Essential for setting up beneficiaries and conducting digital transactions from your home or office.
• Security: Helps verify the recipient’s branch, adding a layer of security to your financial dealings.
• Essential for Bill Payments: Many online bill payment systems require an IFSC code if you are transferring funds directly to a specific bank account.

Contact Information

• Branch Phone Number (Bargaon): 9297954232
• Branch Address (Bargaon): Bargaon, SAHARSA, 852212, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, Bargaon branch?
A1: The IFSC code for the Bihar Gramin Bank, Bargaon branch is PUNB0MBGB06.

Q2: Can I use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) for transactions?
A2: No, you cannot. Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) merged to form Bihar Gramin Bank. All old IFSC codes have been revoked. You must use the new IFSC code, such as PUNB0MBGB06, for all transactions.

Q3: What should I do if my online transaction fails due to an incorrect IFSC code?
A3: If your transaction fails due to an incorrect IFSC code, the money is usually reversed to your account within a few hours or a business day. You should then re-initiate the transaction using the correct IFSC code (PUNB0MBGB06 for Bargaon branch) and double-check all other beneficiary details.

Q4: Is the fifth character of an IFSC code always zero?
A4: Yes, the fifth character in any 11-digit IFSC code is always a zero (0). It is a control digit reserved for future use.

Q5: How can I find the IFSC code for other Bihar Gramin Bank branches?
A5: You can find IFSC codes for other Bihar Gramin Bank branches on the bank’s official website, through your net banking portal, by checking your chequebook, or by contacting the bank’s customer service at the toll-free number 18001807777.