Bihar Gramin Bank Bhartui IFSC Code

If you’re looking to manage your funds for the Bihar Gramin Bank branch in Bhartui, Siwan, Bihar, understanding the IFSC code is essential. This unique code acts like a digital address for bank branches, making sure your money goes to the right place. Whether you’re sending money through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the correct IFSC code is always required to complete the transaction smoothly and securely.

Branch Details

Here are the key details for the Bihar Gramin Bank, Bhartui branch:

Bank Name	Bihar Gramin Bank
Branch Name	Bhartui
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100650
Branch Address	Bhartui, SIWAN, Bihar, 841226
Contact Number	9297954583
City	SIWAN
District	SIWAN
Pincode	841226
State	Bihar

Merger Update

While the branch is identified as Bihar Gramin Bank, it’s important to note that the provided IFSC code, PUNB0MBGB06, specifically belongs to Madhya Bihar Gramin Bank. This bank is sponsored by Punjab National Bank (PUNB), which is reflected in the first four characters of the IFSC.

Madhya Bihar Gramin Bank itself was formed from the merger of two regional rural banks: the Magadh Gramin Bank and the Bihar Kshetriya Gramin Bank. Following this merger, the old IFSC codes associated with Magadh Gramin Bank and Bihar Kshetriya Gramin Bank were revoked. Today, only the new IFSC codes, such as PUNB0MBGB06 for the Bhartui branch, are valid for all electronic fund transfers. Using any old or outdated IFSC code will result in transaction failure.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is an 11-character alphanumeric code used to identify all bank branches participating in online money transfers. It’s unique to each branch and helps ensure that your funds reach the correct recipient’s account.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank’s name. For example, ‘PUNB’ stands for Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In our case, ‘MBGB06’ denotes the Bhartui branch under Madhya Bihar Gramin Bank.

How to Use the IFSC Code

Using the IFSC code is a standard part of initiating online money transfers. Here’s how it generally works for common transfer methods:

• For NEFT (National Electronic Funds Transfer): When you want to send money via NEFT, you’ll need the recipient’s bank account number, their name, and the IFSC code of their bank branch. The system uses the IFSC code to route the funds to the correct branch, typically processing transfers in batches.
• For RTGS (Real Time Gross Settlement): RTGS is used for large-value transactions, where funds are transferred individually and immediately. Similar to NEFT, you’ll provide the recipient’s account number, name, and their branch’s IFSC code. Due to its real-time nature, it’s crucial to enter the correct IFSC to avoid delays.
• For IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. For IMPS, you’ll typically need the recipient’s mobile number and MMID (Mobile Money Identifier) or their account number and the IFSC code. The IFSC ensures that the instant transfer is directed to the right bank and branch.

Always double-check the IFSC code and other recipient details before confirming any transaction to prevent errors.

Benefits of Knowing Your IFSC Code

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

• It ensures accurate fund transfers, minimizing the risk of sending money to the wrong account or branch.
• It allows for quick and efficient processing of online transactions via NEFT, RTGS, and IMPS.
• It helps in avoiding transaction failures and the subsequent hassle of reconciling misdirected funds.
• It is a mandatory detail for setting up various financial services, including online bill payments and recurring deposits, where funds are automatically debited or credited.
• It serves as a unique identifier for your specific branch within the vast Indian banking network, enhancing security and traceability of transactions.

Contact Information

For any queries related to the Bhartui branch or your banking needs, you can reach out using the following details:

• Bhartui Branch Contact Number: 9297954583
• Bhartui Branch Address: Bhartui, SIWAN, Bihar, 841226
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Service Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, each individual bank branch has its own unique IFSC code. Even if two branches belong to the same bank, their IFSC codes will differ in the last six characters, which identify the specific branch.

Q2: What happens if I use an incorrect IFSC code during a transfer?
A2: If you use an incorrect IFSC code, your transaction will likely fail. The banking system relies on the IFSC code to route funds accurately. If the code doesn’t match the recipient’s account or branch, the transfer won’t go through, and the funds will usually be returned to your account.

Q3: Can I find the IFSC code on my bank passbook or cheque book?
A3: Yes, the IFSC code is typically printed on your bank passbook and on the top portion of a cheque leaf. It’s usually found near the branch address or other bank details. Always verify it for accuracy before use.

Q4: Is the MICR code the same as the IFSC code?
A4: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit numerical code used primarily for processing physical cheques, found at the bottom of a cheque leaf. The IFSC code is an 11-character alphanumeric code for online fund transfers.

Q5: Do I need the IFSC code for cash deposits or withdrawals at the branch?
A5: No, the IFSC code is generally not required for cash deposits or withdrawals directly at the bank branch. It is specifically used for electronic fund transfers like NEFT, RTGS, and IMPS, where funds are moved between different bank accounts electronically.