Bihar Gramin Bank BASDIHA IFSC Code

This article provides essential details about the Bihar Gramin Bank branch located in BASDIHA, Rohtas, Bihar, with the Pincode 802213. Understanding your bank’s Indian Financial System Code (IFSC) is crucial for smooth and secure electronic fund transfers. Whether you’re sending money via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the correct IFSC code ensures your funds reach the intended recipient’s bank and branch without delay.

Bihar Gramin Bank BASDIHA Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	BASDIHA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7336
Branch Address	BASDIHA, Rohtas, 802213, 9771464336
Contact Number	9771464336
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	802213
State	Bihar

Merger Update and IFSC Code

Bihar Gramin Bank, like many Regional Rural Banks (RRBs), has undergone significant restructuring and mergers to streamline operations and enhance banking services. Specifically, Bihar Gramin Bank has merged to form a part of Madhya Bihar Gramin Bank. This new, larger entity operates under the sponsorship of Punjab National Bank.

Due to this merger, a unified system for IFSC codes has been implemented. The IFSC code PUNB0MBGB06, used for the BASDIHA branch, reflects this change. The prefix “PUNB” indicates Punjab National Bank as the sponsoring bank, while “MBGB” signifies Madhya Bihar Gramin Bank. It is important to note that any old IFSC codes previously associated with Bihar Gramin Bank for this branch are now revoked. For all future electronic fund transfers, only the new IFSC code PUNB0MBGB06 is valid and must be used.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers within India. This code is crucial for directing your money to the correct destination. The structure of the IFSC code is specific:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank (the sponsoring bank).
• The fifth character is always ‘0’ (zero). This character is reserved for future use and remains constant across all IFSC codes.
• The last six characters uniquely identify the specific bank branch. In our example, “MBGB06” refers to a particular branch of Madhya Bihar Gramin Bank.

How to Use an IFSC Code

Using the correct IFSC code is simple but essential for successful electronic fund transfers. Here’s how it generally works for different types of transactions:

For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement):

1. Log in to your bank’s online banking portal or mobile app.
2. Go to the “Funds Transfer” or “Payments” section.
3. Select “Add New Beneficiary” if you haven’t added the recipient before.
4. Enter the beneficiary’s name, account number, bank name (Madhya Bihar Gramin Bank), and the correct IFSC code (PUNB0MBGB06).
5. Confirm the details and add the beneficiary.
6. Once added, you can select the beneficiary, enter the amount, and choose either NEFT or RTGS (depending on the amount and urgency).

For IMPS (Immediate Payment Service):

1. Access your bank’s mobile banking app.
2. Select “IMPS Transfer.”
3. You might have options like “Account Number + IFSC” or “Mobile Number + MMID.”
4. If using “Account Number + IFSC,” enter the beneficiary’s account number and the IFSC code (PUNB0MBGB06).
5. Enter the amount and confirm the transaction.

Always double-check the IFSC code and account number before confirming any transaction to avoid errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Error-Free Transactions: It ensures your money reaches the correct bank and branch, preventing transfer failures or misdirected funds.
• Faster Transfers: With the right code, NEFT, RTGS, and IMPS transactions are processed quickly and efficiently.
• Enhanced Security: The unique identification helps in tracking funds and adds a layer of security to digital transactions.
• Convenience: It simplifies online banking, allowing you to easily send or receive money without needing to visit the bank branch.
• Interbank Operations: Essential for any transaction involving two different banks, such as salary deposits, bill payments, or online shopping.

Contact Information

• Branch Phone Number (BASDIHA): 9771464336
• Branch Address (BASDIHA): BASDIHA, Rohtas, 802213, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank customer care, for Madhya Bihar Gramin Bank related queries): 18001807777

Frequently Asked Questions

Q1: Is the IFSC code PUNB0MBGB06 only for the BASDIHA branch?

A1: Yes, the last six characters “MBGB06” specifically identify the BASDIHA branch of Madhya Bihar Gramin Bank. Each branch has its unique IFSC code.

Q2: What happens if I use an old IFSC code for Bihar Gramin Bank?

A2: If you use an old, revoked IFSC code, your transaction will likely fail. The banking system will not recognize the old code as valid for fund transfers, and the money will not be transferred. Always use the current code, PUNB0MBGB06, for the BASDIHA branch.

Q3: Can I find the IFSC code on my chequebook?

A3: Yes, the IFSC code is typically printed on the top left corner of your cheque leaf. You can also find it on your bank passbook or by contacting your bank directly.

Q4: Is Madhya Bihar Gramin Bank a government bank?

A4: Madhya Bihar Gramin Bank is a Regional Rural Bank (RRB) jointly owned by the Government of India, the Government of Bihar, and Punjab National Bank (as the sponsoring bank). So, while it serves rural areas, it operates under the regulatory framework of a public sector bank.

Q5: What is the main difference between NEFT and IMPS?

A5: The main difference is speed and timing. NEFT transactions are processed in batches during specific hours and may take a few hours to clear. IMPS (Immediate Payment Service) is available 24/7, including holidays, and transfers funds instantly, typically within seconds.