The Bihar Gramin Bank, Basauli branch serves the village and surrounding areas in Basauli, Madhubani district, Bihar (PIN 847121). For electronic fund transfers such as NEFT, RTGS and IMPS you need the correct IFSC code. The IFSC identifies the bank and branch so payment routers and clearing systems can deliver funds to the right account. Using an incorrect IFSC can delay or fail transactions, so always confirm the code before sending money.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Basauli |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 108064 |
| Branch Address | Basauli, MADHUBANI, 847121, 9297954828 |
| Contact Number | 9297954828 |
| City | MADHUBANI |
| District | MADHUBANI |
| Reason | MADHUBANI |
| Pincode | 847121 |
| State | Bihar |
Merger Update
Important: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged and their banking operations now run under Punjab National Bank (PNB) for electronic clearing. The consolidated IFSC to be used for this merged set of branches is PUNB0MBGB06. Old UBGB and DBGB IFSC codes have been revoked. For any NEFT, RTGS or IMPS transaction to the former UBGB/DBGB branches, use only the new IFSC PUNB0MBGB06. Transactions attempted with obsolete IFSC codes may not process.
What is IFSC Code?
The IFSC (Indian Financial System Code) is an 11-character code used to identify bank branches in electronic payments. Its format is:
- First 4 characters – alphabetic code for the bank (example: PUNB = Punjab National Bank).
- 5th character – always the digit 0 (reserved for future use).
- Last 6 characters – alphanumeric branch identifier (example: MBGB06 identifies the specific branch unit).
Example: PUNB0MBGB06 breaks down as PUNB | 0 | MBGB06.
How to Use IFSC Code for NEFT, RTGS and IMPS
- Find the beneficiary’s IFSC. Confirm it from a bank statement, cheque leaf, passbook, or the beneficiary.
- Log into your bank’s netbanking or mobile app, or visit the branch if you prefer.
- Select the transfer type:
- NEFT – for most retail transfers, no minimum amount. Settlements happen in batches.
- RTGS – for high-value immediate transfers. Minimum amount typically ₹2,00,000; confirm with your bank.
- IMPS – immediate 24×7 transfers, typically for lower amounts; bank limits vary.
- Enter beneficiary name, account number, and the IFSC (PUNB0MBGB06 for Bihar Gramin Bank, Basauli).
- Enter amount and any remarks. Double-check account number and IFSC before proceeding.
- Authenticate the transfer using OTP, transaction PIN or other bank security method.
- Save the beneficiary for future use if required. Keep the transaction receipt or reference number.
Benefits of Knowing the IFSC
- Ensures funds reach the intended branch and account quickly.
- Required for all electronic transfers: NEFT, RTGS and IMPS.
- Reduces errors and failed transactions due to wrong routing.
- Helps reconcile payments with receipts and bank statements.
- Required for online forms, payment gateways, and payroll processing.
Contact
Branch phone: 9297954828
Branch Address: Basauli, MADHUBANI, 847121
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777
FAQs
Q: Is PUNB0MBGB06 the correct IFSC for Bihar Gramin Bank, Basauli?
A: Yes. The IFSC for this branch is PUNB0MBGB06. Use this code for NEFT, RTGS and IMPS.
Q: What happens if I enter the wrong IFSC?
A: If the IFSC does not match routing records, the transfer will usually fail and funds will be returned. If the IFSC is valid but points to a different branch, the payment may go to the wrong branch and recovery will require bank intervention and can take time. Always verify IFSC and account number.
Q: I know the branch name but not the IFSC. How can I find it?
A: Check the beneficiary’s cheque leaf, bank passbook, account statement, or confirm with the branch phone (9297954828). You can also ask the beneficiary to confirm the IFSC directly before sending funds.
Q: Are old UBGB or DBGB IFSC codes still valid?
A: No. UBGB and DBGB codes have been revoked after the merger. The merged branches now operate under Punjab National Bank with the IFSC PUNB0MBGB06. Use only the new IFSC for transactions.
Q: What is the difference between NEFT, RTGS and IMPS?
A: NEFT processes transactions in hourly/batch settlements and has no fixed minimum. RTGS is for large-value transfers and settles in real time; banks commonly set a minimum of ₹2,00,000 for RTGS—confirm with your bank. IMPS is instant and available 24×7 for smaller amounts; the maximum per-transaction limit varies by bank.
Q: How long do refunds or failed transactions take?
A: If a transaction fails due to incorrect details, most banks return funds within a few working days. If funds are credited to the wrong account because of an incorrect account number or valid IFSC for a different account, resolution requires cooperation between banks and may take longer. Keep transaction references and contact your bank promptly.
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.