The BASUDHAR branch of Bihar Gramin Bank is located in the Buxar district of Bihar. For anyone looking to send or receive money online through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code is required for all major electronic fund transfer systems in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code acts like a specific address, ensuring that your money reaches the correct bank branch without any errors or delays.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | BASUDHAR |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7015 |
| Branch Address | BASUDHAR, Buxar, 802123, 9771464015 |
| Contact Number | 9771464015 |
| City | Buxar |
| District | Buxar |
| Region | BHABHUA |
| Pincode | 802123 |
| State | Bihar |
Important Merger Update
Previously, banking services in the region were provided by two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since been amalgamated to form a single entity, now known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).
As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB branches are now invalid and have been revoked. All branches of the newly formed Bihar Gramin Bank, including the BASUDHAR branch, now use a single, unified IFSC code: PUNB0MBGB06. It is crucial to use only this new code for all online transactions to ensure they are processed successfully.
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 identify every bank branch participating in the country’s electronic fund transfer network. The code has a specific structure that helps route payments correctly.
Let’s break down the IFSC code for Bihar Gramin Bank, PUNB0MBGB06:
- PUNB: The first four letters represent the name of the sponsor bank, which is Punjab National Bank.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters identify the bank as Madhya Bihar Gramin Bank, the original name under which the new entity operates. In this case, it is a common identifier for the merged bank rather than a unique code for the Basudhar branch.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for online money transfers is a straightforward process, whether you are using a bank’s website or mobile app. Here are the typical steps involved:
- Log in to your net banking portal or mobile banking application.
- Navigate to the ‘Fund Transfer’ or ‘Payments’ section. You will usually see options like NEFT, RTGS, or IMPS.
- Select ‘Add a Beneficiary’ or ‘Add a Payee’. You will need to add the recipient’s bank details before you can send them money.
- Enter the beneficiary’s details, which include their name, bank account number, and the IFSC code of their bank branch. For the BASUDHAR branch, you would enter PUNB0MBGB06.
- After the beneficiary is added (which may take a few minutes to a few hours depending on your bank’s policy), you can initiate a transfer by entering the amount and confirming the transaction.
Benefits of Using the Correct IFSC Code
- Accurate Transfers: The primary benefit is ensuring your money is sent to the exact bank and branch you intend. It eliminates ambiguity and directs the funds precisely.
- Error Prevention: Using the correct code significantly reduces the chances of a failed transaction or, worse, sending money to the wrong account. The banking system uses the IFSC to validate the destination before processing the payment.
- Faster Processing: Correct details allow for automated, straight-through processing of your transaction, leading to quicker credit to the beneficiary’s account.
- Universal Requirement: The IFSC code is mandatory for all major online payment methods in India, making it a non-negotiable piece of information for digital banking.
Contact Information
For any direct queries, you can reach out to the branch or the bank’s head office.
Branch Contact
- Phone: 9771464015
- Address: BASUDHAR, Buxar, Bihar – 802123
Head Office
- Address: 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, BASUDHAR branch?
The correct and current IFSC code for the BASUDHAR branch, and all other branches of Bihar Gramin Bank, is PUNB0MBGB06.
2. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. Following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank, all old IFSC codes have been deactivated. Using an old code will result in a failed transaction.
3. Why does the IFSC code start with ‘PUNB’?
The code starts with ‘PUNB’ because the merged Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The first four letters of an IFSC code always identify the parent or sponsor bank.
4. What happens if I accidentally enter the wrong IFSC code?
If the IFSC code you enter does not exist, the transaction will likely be rejected by your bank. If the code exists but corresponds to a different branch, the money might be sent there. It is always best to double-check the IFSC code before confirming a payment.
5. Is the IFSC code the same for NEFT, RTGS, and IMPS transfers?
Yes, the same IFSC code, PUNB0MBGB06, is used for all types of electronic fund transfers to the BASUDHAR branch, including NEFT, RTGS, and IMPS.
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.