Bihar Gramin Bank BHAKHRA IFSC Code

The Bihar Gramin Bank branch in BHAKHRA, located in Patna, Bihar, serves as an important hub for banking services in the area. When you need to send money electronically to or from this branch, knowing its Indian Financial System Code, or IFSC code, is essential. This unique code ensures your funds reach the correct bank and branch quickly and securely through systems like NEFT, RTGS, and IMPS.

Branch Details

Here are the key details for the Bihar Gramin Bank BHAKHRA branch:

Bank Name	Bihar Gramin Bank
Branch Name	BHAKHRA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6913
Branch Address	BHAKHRA, Patna, 804452, 7091596913
Contact Number	7091596913
City	Patna
District	Patna
Reason	PATNA
Pincode	804452
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank. As part of this merger, all branches now operate under a single, unified IFSC code structure, sponsored by Punjab National Bank. Therefore, any old IFSC codes previously used for Uttar Bihar Gramin Bank (UBGB) are no longer valid for transactions. The new and only valid IFSC code for transactions involving Bihar Gramin Bank, including the BHAKHRA branch, is PUNB0MBGB06. Always use this new code for all your electronic fund transfers.

What is an IFSC Code?

An IFSC code stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers in India. Think of it like a digital address for a specific bank branch. Each part of the code tells you something important:

• The first four characters identify the bank. For example, in PUNB0MBGB06, “PUNB” represents Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This character is reserved for future use and helps maintain a standard format for all IFSC codes.
• The last six characters identify the specific branch. In this case, “MBGB06” uniquely points to the BHAKHRA branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using an IFSC code is straightforward when you are making electronic fund transfers. Here’s how it works for common services like NEFT, RTGS, and IMPS:

1. Gather Recipient Details: Before you start, make sure you have the recipient’s full name, account number, bank name, and the correct IFSC code for their specific branch.
2. Log In to Your Banking Platform: Access your net banking portal, mobile banking app, or visit your bank branch to fill out a NEFT/RTGS/IMPS form.
3. Select Transfer Type: Choose the type of fund transfer you wish to make (NEFT, RTGS, or IMPS). Each has different limits and processing times.
4. Enter Details: Carefully input the recipient’s bank name, account number, and the IFSC code (e.g., PUNB0MBGB06 for Bihar Gramin Bank BHAKHRA branch). Double-check these details to avoid errors.
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm and Transact: Review all the information one last time before confirming the transaction. Your bank will then process the transfer using the IFSC code to route the funds to the correct branch.

For example, if you are sending money to someone with an account at the Bihar Gramin Bank BHAKHRA branch, you would use their account number and PUNB0MBGB06 as the IFSC code.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch or the branch of your recipient offers several advantages:

• Accurate Transfers: It ensures that your money goes to the right bank and the exact branch, preventing misdirected funds.
• Faster Processing: The unique identification helps banks process electronic transfers like NEFT, RTGS, and IMPS quickly and efficiently.
• Enhanced Security: The code adds an extra layer of verification, making online transactions more secure.
• Mandatory for Online Banking: It is a required field for almost all interbank electronic fund transfers, enabling you to use services like net banking and mobile banking effectively.
• Avoids Errors: Using the correct code reduces the chances of transaction failures or delays caused by incorrect routing information.

Contact Information

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

• Branch Phone Number: 7091596913
• Branch Address: BHAKHRA, Patna, 804452
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: What does IFSC stand for?
A: IFSC stands for Indian Financial System Code.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A: No, the IFSC code is unique for each individual bank branch, even within the same bank. For example, the BHAKHRA branch has a specific IFSC code (PUNB0MBGB06) that is different from other Bihar Gramin Bank branches.

Q3: Can I transfer money without an IFSC code?
A: No, an IFSC code is mandatory for all interbank electronic fund transfers, including NEFT, RTGS, and IMPS. It ensures the money is routed correctly to the intended recipient’s branch.

Q4: What happens if I use a wrong IFSC code?
A: If you use an incorrect IFSC code, your transaction is likely to fail and be returned to your account. In some rare cases, if the wrong code happens to belong to another valid branch or bank, the funds might be credited to an unintended account, making recovery difficult.

Q5: Why is the fifth character of an IFSC code always zero?
A: The fifth character is kept as ‘0’ (zero) as a standard practice. It is reserved for future use and helps maintain a uniform format across all IFSC codes in India, ensuring consistency and potential for expansion if needed.