Bihar Gramin Bank Basantpur IFSC Code

Basantpur branch of Bihar Gramin Bank is located in Basantpur, Muzaffarpur district, Bihar (PIN 843126). For domestic electronic fund transfers—NEFT, RTGS and IMPS—the branch uses the IFSC code shown below. The IFSC code uniquely identifies the bank and branch in the Reserve Bank of India’s electronic payment system. You must enter the correct IFSC when sending or receiving money to ensure funds reach the right account quickly and without manual intervention.

Branch Details

Merger Update

Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were reorganised under Punjab National Bank. After the merger, branches that operated under the earlier UBGB/DBGB IFSC series now use the single IFSC code PUNB0MBGB06 assigned to Punjab National Bank. Old UBGB/DBGB IFSC codes have been revoked and are no longer valid for electronic transfers. For any fund transfer to Basantpur branch accounts use only PUNB0MBGB06. If you have standing instructions or beneficiaries saved with an old IFSC, update them to avoid failed transactions.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character code that uniquely identifies a bank branch in electronic payment systems.

• First 4 characters: Identify the bank name (alphabetic). Example: PUNB = Punjab National Bank.
• 5th character: Always 0 (reserved for future use).
• Last 6 characters: Identify the specific branch (alphanumeric). Example: MBGB06 in PUNB0MBGB06 denotes the merged-branch code.

How to Use IFSC Code for NEFT, RTGS, IMPS

Below are step-by-step actions you will follow in internet banking or a mobile app when sending money to Basantpur branch.

• Open your bank’s netbanking or mobile banking app and go to “Funds Transfer” or “Transfer Money”.
• Choose the transfer type:
  • IMPS: immediate, 24×7, typically used for small urgent transfers.
  • NEFT: suitable for any amount; typically processed quickly and available round-the-clock.
  • RTGS: for large-value transfers (usually minimum Rs. 2,00,000); near-instant and used for high-value payments.
• Enter beneficiary details:
  • Beneficiary name (as per their bank account).
  • Account number of the beneficiary.
  • IFSC code: PUNB0MBGB06.
  • Branch (optional): Basantpur, Muzaffarpur.
  • Amount and transfer purpose (if required).
• Confirm the details carefully. A wrong IFSC combined with a correct account number may still route to an incorrect branch. If the IFSC doesn’t match the account number, the transfer may fail or be returned.
• Authorize the transfer using OTP, UPI PIN or netbanking token as required by your bank.
• Save the beneficiary for future transfers if you will pay this account regularly.

Note: NEFT, RTGS and IMPS availability and single-transaction limits can vary by payer bank. Check limits and charges with your bank before initiating large transfers.

Benefits of Knowing the IFSC

• Ensures funds are routed to the correct bank and branch without manual intervention.
• Required field for NEFT, RTGS and IMPS transfers. Missing or incorrect IFSC can cause transaction failure or delays.
• Makes it simple to add beneficiaries in netbanking and mobile apps.
• Helps validate bank details when reconciling payments and receipts.
• Useful for setting up electronic mandates, salary credits, pensions and government transfers.

Contact

Branch phone no: 9297955333
Branch Address: Basantpur, MUZAFFARPUR, 843126
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777

FAQs

Q: Is PUNB0MBGB06 the only valid IFSC for Basantpur branch?
A: Yes. After the merger and reclassification, PUNB0MBGB06 is the valid IFSC for this branch. Old UBGB/DBGB IFSCs are revoked and should not be used.

Q: What happens if I enter a wrong IFSC?
A: If the IFSC is incorrect but the account number doesn’t exist at the routed branch, the transaction is likely to fail and be returned. If the incorrect IFSC routes to another valid branch with the same account number, funds may be credited to the wrong account. Always double-check IFSC and account number before confirming.

Q: Are NEFT, RTGS and IMPS available 24×7 for this branch?
A: The payment systems (NEFT, IMPS, RTGS) operate round-the-clock nationally. Availability for your specific transaction also depends on the paying bank’s online services. Confirm with your bank if you see any service restriction.

Q: What are typical transfer timelines?
A: IMPS is immediate (seconds). NEFT/RTGS are near-instant under current 24×7 operations, but actual credit time can vary by bank and transaction size. RTGS is intended for large-value near-instant settlement. If a transfer fails, refunds usually appear within 1–3 working days depending on the banks involved.

Q: Who should I contact if a transfer to this IFSC fails?
A: First contact your own bank to raise a payment query. You can also reach the Basantpur branch at 9297955333 or contact the head office/toll-free support at 18001807777 for assistance and to trace or reverse the transaction.

Kriti Kumari

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.