The Bihar Gramin Bank branch at Bhagwanpur Chowk is located in Muzaffarpur, Bihar (PIN 842001). This branch serves retail and rural customers in the Muzaffarpur district. For online bank-to-bank transfers you must use the branch IFSC code. The IFSC identifies the exact bank and branch for NEFT, RTGS and IMPS transfers so funds route correctly and quickly. Using the wrong IFSC can delay payments or cause rejections.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Bhagwanpur Chowk |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 108027 |
| Branch Address | Bhagwanpur Chowk, MUZAFFARPUR, 842001, 9297955338 |
| Contact Number | 9297955338 |
| City | MUZAFFARPUR |
| District | MUZAFFARPUR |
| Reason | MUZAFFARPUR |
| Pincode | 842001 |
| State | Bihar |
Merger Update
Important: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged and now operate under Punjab National Bank for clearing and settlement. The unified IFSC code in use is PUNB0MBGB06. Old UBGB and DBGB IFSC codes have been revoked and are no longer valid for NEFT/RTGS/IMPS. Always use the new IFSC PUNB0MBGB06 for transfers to this branch.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character code used to identify bank branches in electronic payment systems. The structure is fixed:
- First 4 characters: alphabetic bank identifier (e.g., PUNB = Punjab National Bank).
- 5th character: always the digit 0 (reserved for future use).
- Last 6 characters: branch identifier (alphanumeric), here MBGB06 identifies Bhagwanpur Chowk under the merged arrangement.
How to Use IFSC Code for NEFT, RTGS, IMPS
- Collect beneficiary details: account name, exact account number, IFSC code (PUNB0MBGB06), and bank branch.
- Log in to your bank’s netbanking, mobile app, or visit a branch. Choose the transfer type: NEFT, RTGS, or IMPS.
- Enter beneficiary name, account number and IFSC precisely. Even one wrong character can route the transaction incorrectly.
- Choose transfer amount and type. IMPS is instant and available 24×7 for small to medium amounts (limits set by your bank). NEFT is suitable for routine transfers and is now available round‑the‑clock. RTGS is used for faster settlement of larger value payments; it is also available 24×7 but banks may impose internal limits or charges.
- Verify beneficiary details on screen. Use the confirmation prompt to check name and account number before authorizing.
- Authorize the transaction (OTP or bank token). Save the transaction reference for tracking.
- If a transfer fails or is returned, contact the sending bank with the transaction reference and the beneficiary IFSC and MICR (MICR: 800811002) to resolve the issue.
Benefits of Knowing the IFSC Code
- Ensures funds route to the exact branch and account without manual intervention.
- Reduces failed transfers and return delays caused by branch ambiguity.
- Required for online forms, salary credits, e‑payments and government refunds.
- Helps banks reconcile electronic payments using unique branch identifiers (useful for remittances and vendor payments).
- Makes tracking and troubleshooting transfers easier—have IFSC, MICR and branch code ready when contacting bank support.
Contact
Branch Phone: 9297955338
Branch Address: Bhagwanpur Chowk, MUZAFFARPUR, 842001
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free: 18001807777
FAQs
Q: What should I do if I enter the wrong IFSC?
A: If you notice the mistake before authorizing, cancel and re-enter details. If already sent, contact your bank immediately with the transaction reference. The sending bank will initiate recovery or return procedures. Provide correct IFSC and account details of the beneficiary to speed resolution.
Q: Is the IFSC the same as MICR?
A: No. IFSC (11 characters) is used for electronic transfers. MICR (9 digits, here 800811002) is used mainly for cheque clearing. Both identify the branch but serve different systems.
Q: Can I use the branch code instead of IFSC?
A: No. The branch code (here 108027) is an internal identifier. Electronic transfer systems require the IFSC to route the payment through the clearing network.
Q: Has the IFSC changed after the UBGB/DBGB merger?
A: Yes. After the merger, old UBGB/DBGB IFSCs were revoked. The unified IFSC for this branch is PUNB0MBGB06. Use only this code for transfers.
Q: Are there limits for NEFT, RTGS and IMPS?
A: NEFT generally has no minimum and is suitable for routine transfers. RTGS is used for faster large-value transfers; it is available round-the-clock and banks may set limits or charges. IMPS is instant and meant for immediate transfers; transaction caps depend on your bank’s policy. Check your bank’s fee and limit schedule before sending large amounts.
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.