The Bihar Gramin Bank branch in Basmatia is located in the Araria district of Bihar. For anyone needing to send or receive money online through this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code identifies the specific bank branch involved in digital transactions, ensuring that funds sent via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) reach the correct account without errors.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Basmatia |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | Basmatia, ARARIA, 854336 |
| Contact Number | 9297954360 |
| City | ARARIA |
| District | ARARIA |
| Pincode | 854336 |
| State | Bihar |
Merger and IFSC Code Update
Bihar Gramin Bank was formed through the amalgamation of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merged entity is now sponsored by Punjab National Bank (PNB). As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB have been discontinued. All branches, including Basmatia, now use a new, unified IFSC code structure that starts with ‘PUNB’. For any online transaction to this branch, you must use the new code, PUNB0MBGB06. Using an old code will lead to transaction failure.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer system. This code helps to route transactions to their intended destination accurately.
The structure of the code is straightforward:
- First 4 Characters: These represent the bank’s name. For Bihar Gramin Bank, this is PUNB, indicating its sponsor bank, Punjab National Bank.
- Fifth Character: This is always a zero (0). It is reserved for future use.
- Last 6 Characters: This part identifies the specific branch. For the Basmatia branch, this is MBGB06.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for an online money transfer is a simple process. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.
- Log in to your bank’s mobile or internet banking platform.
- Navigate to the ‘Fund Transfer’ or ‘Payments’ section and choose the transfer type (NEFT, RTGS, or IMPS).
- Add the recipient as a ‘beneficiary’ or ‘payee’. You will need to provide their name, bank account number, and account type.
- Enter the IFSC code for the beneficiary’s bank branch. For the Bihar Gramin Bank Basmatia branch, this is PUNB0MBGB06.
- Double-check all entered details, enter the amount you wish to transfer, and authorize the transaction.
Benefits of Using the Correct IFSC Code
- Accurate Routing: It ensures that your money is sent to the exact branch and account you intend, eliminating confusion between branches with similar names.
- Error Prevention: The code helps banking systems automatically verify the branch details, reducing the chances of a failed or misdirected transaction.
- Faster Processing: Correct IFSC codes enable automated, straight-through processing, which makes NEFT, RTGS, and IMPS transactions faster and more efficient.
- Transaction Security: It adds a layer of validation to the fund transfer process, confirming that the account number is linked to the specified bank branch.
Contact Information
For any queries or assistance, you can contact the bank directly.
- Branch Contact Number: 9297954360
- Branch Address: Basmatia, Araria, Bihar – 854336
- Head Office Address: Bihar Gramin Bank, SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
- 1. What is the correct IFSC code for the Bihar Gramin Bank branch in Basmatia?
- The correct and current IFSC code for the Basmatia branch is PUNB0MBGB06.
- 2. Why does the IFSC code for Bihar Gramin Bank start with ‘PUNB’?
- The code starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The first four letters of the IFSC code reflect the sponsor bank.
- 3. Can I still use an old IFSC code from Uttar Bihar Gramin Bank (UBGB)?
- No. All old IFSC codes from the pre-merger banks (UBGB and DBGB) are no longer valid. You must use the new code, PUNB0MBGB06, for all transactions to avoid failure.
- 4. What happens if I enter the wrong IFSC code?
- If the IFSC code you enter does not exist, the transaction will likely be rejected immediately. If the code exists but belongs to a different branch, the funds could be sent to the wrong branch, leading to delays or complications in retrieving the money.
- 5. What is the difference between NEFT, RTGS, and IMPS?
- NEFT (National Electronic Funds Transfer) processes transactions in batches and is suitable for smaller amounts. RTGS (Real-Time Gross Settlement) is for high-value transactions (typically above ₹2 lakh) and settles them individually in real-time. IMPS (Immediate Payment Service) is available 24/7 and transfers funds instantly, regardless of bank holidays.
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.