Bihar Gramin Bank BASTIBIGHA IFSC Code

Welcome to BASTIBIGHA, a key location in the Nawada district of Bihar. For anyone needing to send or receive money electronically to or from the Bihar Gramin Bank branch here, understanding the IFSC code is essential. This unique code is crucial for all kinds of digital fund transfers, including NEFT, RTGS, and IMPS, making sure your money reaches the right bank and branch quickly and securely.

Here are the important details for the Bihar Gramin Bank branch located in BASTIBIGHA:

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	BASTIBIGHA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7275
Branch Address	BASTIBIGHA, Nawada, 805133, 9771464275
Contact Number	9771464275
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805133
State	Bihar

Merger Update

The banking landscape in Bihar has seen some changes. The current bank, which includes the BASTIBIGHA branch, operates under the name Madhya Bihar Gramin Bank (MBGB). This bank was formed from the merger of two older entities: Bihar Gramin Bank and Kosi Kshetriya Gramin Bank. It is currently sponsored by Punjab National Bank. This sponsorship is why the IFSC code for the BASTIBIGHA branch starts with “PUNB”.

Therefore, for all transactions, the IFSC code PUNB0MBGB06 is the current and only valid code to use for the BASTIBIGHA branch. If you previously had an account with one of the former merged banks, it is crucial to use this new, updated IFSC code for any fund transfers.

What is IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in online fund transfers. Think of it as a specific address for a bank branch in the digital world.

The code PUNB0MBGB06 for the BASTIBIGHA branch breaks down like this:

• The first four characters (PUNB) identify the bank, in this case, Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank.
• The fifth character (0) is always zero. It’s a control character reserved for future use.
• The last six characters (MBGB06) identify the specific branch. Here, “MBGB” indicates Madhya Bihar Gramin Bank, and “06” is the unique branch code for BASTIBIGHA.

How to Use IFSC Code

Using the IFSC code is straightforward when you want to transfer money electronically. Here’s how it typically works for different types of transactions:

• For NEFT (National Electronic Funds Transfer): When you initiate an NEFT transfer through your bank’s online portal or mobile app, you will need to provide the beneficiary’s bank name, their account number, and the correct IFSC code of their branch (PUNB0MBGB06 for BASTIBIGHA). NEFT processes transactions in batches, so funds usually settle within a few hours during banking hours.
• For RTGS (Real Time Gross Settlement): If you are transferring a large sum of money (typically ₹2 lakhs or more), RTGS is used for immediate settlement. Similar to NEFT, you will enter the beneficiary’s bank name, account number, and the IFSC code (PUNB0MBGB06). RTGS transactions are processed individually and in real-time.
• For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. When using IMPS, you’ll provide the beneficiary’s mobile number, their MMID (Mobile Money Identifier), or their account number and the IFSC code (PUNB0MBGB06).

Always double-check the IFSC code, account number, and other details before confirming a transfer to ensure your money reaches the intended recipient without any issues.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, BASTIBIGHA branch, offers several advantages:

• It enables fast and secure online money transfers via NEFT, RTGS, and IMPS.
• It helps prevent transfer errors, as the unique code directs funds to the precise branch.
• It’s required for various banking forms and online transactions, saving time.
• It ensures compliance with banking regulations for electronic fund movements.
• It provides a standardized way to identify bank branches across the entire Indian financial system.

Contact Section

If you need to get in touch with the Bihar Gramin Bank BASTIBIGHA branch or the head office, here are the contact details:

• BASTIBIGHA Branch Contact Number: 9771464275
• BASTIBIGHA Branch Address: BASTIBIGHA, Nawada, 805133
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs Section

Here are some frequently asked questions about the Bihar Gramin Bank BASTIBIGHA IFSC code:

Q1: Is the IFSC code PUNB0MBGB06 still valid for Bihar Gramin Bank BASTIBIGHA?
A1: Yes, the IFSC code PUNB0MBGB06 is currently valid and must be used for all electronic fund transfers to the Bihar Gramin Bank BASTIBIGHA branch.

Q2: What does ‘PUNB’ in the IFSC code PUNB0MBGB06 stand for?
A2: ‘PUNB’ stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank, the entity that includes the BASTIBIGHA branch.

Q3: Can I use an old IFSC code for Bihar Gramin Bank BASTIBIGHA?
A3: No, it is strongly advised to only use the current IFSC code, PUNB0MBGB06. Old IFSC codes from previous bank entities may no longer be valid and could cause your transaction to fail or be delayed.

Q4: What is the purpose of the ‘0’ in the IFSC code?
A4: The fifth character, ‘0’, in an IFSC code is a control character that is reserved for future use. It does not signify any specific bank or branch information.

Q5: Is an IFSC code required for all types of bank transactions?
A5: An IFSC code is specifically required for online fund transfers like NEFT, RTGS, and IMPS. For other transactions like cash deposits or withdrawals at the branch, it is not typically needed.