Bihar Gramin Bank Belouri IFSC Code

The Belouri branch of Bihar Gramin Bank is located in Purnia, a significant district in the state of Bihar. For anyone looking to transfer money digitally, understanding its Indian Financial System Code (IFSC) is crucial. This unique 11-character code is essential for various online fund transfer methods, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, these transactions cannot be processed successfully, ensuring funds reach the right bank and branch.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Belouri
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100863
Branch Address	Belouri, PURNIA, 854326
Contact Number	9297946863
City	PURNIA
District	PURNIA
Pincode	854326
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) operating under the sponsorship of Punjab National Bank (PNB). Over time, many Regional Rural Banks across India have undergone mergers to streamline operations and enhance banking services. For example, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged and now operate under the unified sponsorship of Punjab National Bank.

This consolidation has led to a standardized system for IFSC codes. Old IFSC codes previously used by UBGB and DBGB have been revoked. For any transactions today, only the new, consolidated IFSC codes are valid. The IFSC code for Bihar Gramin Bank Belouri, PUNB0MBGB06, reflects this structure, where PUNB0 signifies Punjab National Bank as the sponsor, and MBGB points to Madhya Bihar Gramin Bank, with which Bihar Gramin Bank often shares an operational framework or has been integrated into for standardized services. This ensures a consistent and reliable transfer mechanism across branches operating under PNB’s umbrella.

What is an IFSC Code?

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

The structure of the IFSC code is straightforward:

• The first four characters represent the bank’s name. For instance, in PUNB0MBGB06, PUNB stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific bank branch. In our example, MBGB06 points to the unique branch, likely an identifier for a specific Madhya Bihar Gramin Bank branch, which the Belouri branch uses.

Having this specific code helps ensure that your money reaches the correct bank and branch without any errors during electronic transfers.

How to Use an IFSC Code

Using an IFSC code is a standard part of initiating online fund transfers. Here’s how it typically works for NEFT, RTGS, and IMPS:

1. Log In to Your Bank’s Online Portal or Mobile App: Access your internet banking account or mobile banking application.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary Details: If you’re sending money to a new person or account, you’ll need to add them as a beneficiary. This usually involves providing:
   • The beneficiary’s name.
   • The beneficiary’s account number.
   • The IFSC code of the beneficiary’s bank branch (e.g., PUNB0MBGB06 for Bihar Gramin Bank Belouri).
   • The beneficiary’s bank name and branch name.
4. Verify Details: Double-check all entered information, especially the account number and IFSC code, to prevent errors.
5. Enter Amount and Purpose: Specify the amount you wish to transfer and a brief description for the transaction (e.g., “Family support,” “Rent payment”).
6. Confirm and Authorize: Review the final details and authorize the transaction, usually with an OTP (One-Time Password) or transaction password.

The system uses the IFSC code to route your payment directly to the correct destination branch, facilitating a smooth transfer.

Benefits of Knowing Your IFSC Code

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

• Accurate Fund Transfers: It ensures that money sent through NEFT, RTGS, or IMPS reaches the exact intended beneficiary account and branch, reducing the risk of misdirected funds.
• Faster Processing: The unique identification helps banks process electronic transfers quickly and efficiently.
• Security: By precisely identifying the destination branch, the IFSC code adds a layer of security to digital transactions, making them traceable and reliable.
• Mandatory for Online Transactions: It is a compulsory requirement for initiating any NEFT, RTGS, or IMPS transaction, whether through internet banking or mobile apps.
• Convenience: Having the code readily available makes it easier and quicker to set up new beneficiaries or complete transfers without delays.
• Branch Identification: It helps identify the specific branch within a large banking network, even if multiple branches of the same bank exist in a city.

Contact Information

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

• Belouri Branch Phone Number: 9297946863
• Belouri Branch Address: Belouri, PURNIA, 854326
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions

What is the full form of IFSC?

IFSC stands for Indian Financial System Code. It’s a unique identifier for bank branches in India.

Is the IFSC code for Bihar Gramin Bank Belouri branch permanent?

Generally, an IFSC code is stable. However, in cases of bank mergers, branch relocation, or operational changes, a bank might issue a new IFSC code. It’s always good practice to verify the latest code, especially if you haven’t transferred funds to a particular account in a long time.

Can I use the Belouri branch’s IFSC code for other Bihar Gramin Bank branches?

No, each bank branch has its own unique IFSC code. You must use the specific IFSC code for the exact branch where the beneficiary holds their account. Using the Belouri branch’s IFSC for another branch will likely result in a failed transaction.

What should I do if my online transfer fails due to an incorrect IFSC code?

If a transfer fails because of an incorrect IFSC code, the funds are typically reversed to your account within a few hours or a couple of business days. You should re-initiate the transfer with the correct IFSC code after verifying it with the beneficiary or their bank.

How can I find the correct IFSC code for another bank or branch?

You can find IFSC codes on your bank’s passbook or cheque book. Many bank websites and mobile apps also provide an IFSC lookup tool. Reliable financial portals also offer search functionalities for IFSC codes across various banks and branches.