Bihar Gramin Bank Basbitti IFSC Code

Welcome to our guide about the Bihar Gramin Bank branch located in Basbitti, within the Supaul district of Bihar. In today’s fast-paced world, understanding how to transfer money safely and efficiently is more important than ever. Whether you’re sending funds to family, paying bills, or managing business transactions, codes like the IFSC are crucial. The Indian Financial System Code (IFSC) acts as a unique identifier for every bank branch in India. It is essential for various electronic fund transfer systems, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service), ensuring your money reaches the correct recipient without delays.

Bihar Gramin Bank Basbitti Branch Details

Here are the complete details for the Bihar Gramin Bank branch in Basbitti:

Bank Name	Bihar Gramin Bank
Branch Name	Basbitti
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108107
Branch Address	Basbitti, SUPAUL, 852221, 9297954234
Contact Number	9297954234
City	SUPAUL
District	SUPAUL
Region	SAHARSA
Pincode	852221
State	Bihar

Merger Update for Bihar Gramin Bank

It’s important to know about the significant changes concerning Bihar Gramin Bank. This bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks have now merged to become Bihar Gramin Bank. As a result of this merger, all branches, including Basbitti, now operate under a single, unified IFSC code scheme sponsored by Punjab National Bank (PNB).

The new, valid IFSC code for Bihar Gramin Bank branches, such as Basbitti, is PUNB0MBGB06. It is crucial to understand that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) branches are now revoked. For any electronic fund transfers to or from this branch, you must use only the new IFSC code, PUNB0MBGB06. Using an old or incorrect code will result in transaction failure.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies every bank branch participating in the NEFT system in India. It is critical for electronic fund transfers. Let’s break down its structure using our example, PUNB0MBGB06:

• The first four characters represent the bank name. In this case, PUNB stands for 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 helps distinguish bank codes from branch codes.
• The last six characters uniquely identify the specific branch. Here, MBGB06 identifies the Basbitti branch of Bihar Gramin Bank.

Understanding this structure helps you verify that you have the correct code before initiating a transaction.

How to Use the IFSC Code

The IFSC code is essential for various types of electronic fund transfers. Here’s how you typically use it for NEFT, RTGS, and IMPS:

1. Gather Recipient Details: Before you start, make sure you have the recipient’s bank account number, account holder’s name, and the correct IFSC code for their branch (in this case, PUNB0MBGB06 for Basbitti).
2. Log In to Your Banking Portal: Access your internet banking, mobile banking app, or visit your bank branch.
3. Select Fund Transfer Option: Choose the option for NEFT, RTGS, or IMPS, depending on the urgency and amount of your transfer.
4. Add Beneficiary: If you’re sending money to this recipient for the first time, you’ll need to add them as a beneficiary. Enter their account number, confirm it, enter the account holder’s name, and then carefully input the IFSC code: PUNB0MBGB06.
5. Enter Amount and Remarks: Specify the amount you wish to transfer and add any relevant remarks (e.g., “Family Support” or “Bill Payment”).
6. Review and Confirm: Double-check all the details, especially the account number and IFSC code, to avoid any errors. Confirm the transaction using your password or OTP (One-Time Password).

For NEFT and RTGS, banks usually have specific timings. IMPS, however, works 24/7, even on holidays.

Benefits of Knowing Your IFSC Code

Knowing and using the correct IFSC code provides several benefits for your banking transactions:

• Accurate Fund Transfers: It ensures that your money is sent to the precise bank branch you intend, minimizing the risk of funds going to the wrong account.
• Faster Processing: Correct IFSC codes help systems quickly route your transaction, leading to quicker processing times for NEFT, RTGS, and IMPS.
• Security: The unique identification helps in tracking transactions and adds a layer of security to electronic fund movements.
• Convenience: It allows you to perform banking transactions digitally from anywhere, reducing the need to visit a physical bank branch.
• Compliance: Using the correct IFSC is a regulatory requirement for interbank electronic transfers in India.

Contact Information

If you need to get in touch with Bihar Gramin Bank, here are the relevant contact details:

• Basbitti Branch Phone Number: 9297954234
• Basbitti Branch Address: Basbitti, SUPAUL, 852221, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Customer Care): 18001807777

Frequently Asked Questions (FAQs)

Q1: Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank Basbitti branch?
A1: Yes, after the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, PUNB0MBGB06 is the unified and only valid IFSC code for the Basbitti branch. Old IFSC codes are no longer active.

Q2: What should I do if my bank asks for a different IFSC for Bihar Gramin Bank?
A2: Always confirm the IFSC code with the official bank records or reliable online sources. If there’s a discrepancy, use PUNB0MBGB06 for the Basbitti branch, as this is the correct code post-merger under Punjab National Bank sponsorship. Contact the branch directly if you have doubts.

Q3: Can I use this IFSC code for international money transfers?
A3: No, the IFSC code is specifically for interbank transfers within India. For international money transfers, you would typically need a SWIFT code (Society for Worldwide Interbank Financial Telecommunication code), which is a different identifier for international transactions. Bihar Gramin Bank primarily serves domestic transactions.

Q4: What happens if I enter an incorrect IFSC code during a transaction?
A4: If you enter an incorrect IFSC code, your transaction will likely fail. The banking system relies on the IFSC to correctly route funds. In some cases, if the incorrect code belongs to another valid branch, the funds might be misdirected, leading to complications and delays in recovery.

Q5: How can I verify the IFSC code for any Bihar Gramin Bank branch?
A5: You can verify the IFSC code on the official website of Bihar Gramin Bank (or its sponsor bank, Punjab National Bank), through your net banking portal, or by contacting the specific branch directly. Websites of the Reserve Bank of India also list valid IFSC codes.