Bihar Gramin Bank Bibhutipur IFSC Code

The Bihar Gramin Bank’s Bibhutipur branch is an important banking hub located in Bibhutipur, Samastipur, Bihar. For any modern fund transfer like NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) is essential. This unique 11-character code ensures that your money reaches the right bank and branch quickly and securely. Without the correct IFSC, your transactions will fail.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Bibhutipur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3932
Branch Address	Bibhutipur, Samastipur, 848211, 9955997838
Contact Number	9955997838
City	Samastipur
District	Samastipur
Pincode	848211
State	Bihar

Merger Update

Bihar Gramin Bank, including its Bibhutipur branch, operates under the sponsorship of Punjab National Bank. The IFSC code PUNB0MBGB06 reflects this sponsorship, with “PUNB” standing for Punjab National Bank and “MBGB” representing Madhya Bihar Gramin Bank, an entity that has been part of the regional rural bank amalgamation process.

This unified IFSC code is the result of various restructuring efforts among regional rural banks in Bihar. It means that any older, separate IFSC codes previously used by constituent banks – for example, those from Madhya Bihar Gramin Bank or other regional banks that are now part of Bihar Gramin Bank – have been revoked. For all digital fund transfers, only the new, unified IFSC code PUNB0MBGB06 is valid. If you previously used an IFSC code associated with other regional rural banks, such as Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), and your branch is now part of the wider Bihar Gramin Bank structure, you must use this new IFSC code for all fund transfers. Old codes will no longer work for transactions.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alpha-numeric code used to identify a bank branch involved in online money transfers. The Reserve Bank of India (RBI) assigns these codes to almost all bank branches across India. This unique code ensures that funds are routed to the correct destination during digital transactions.

The IFSC code structure is straightforward:

• The first four characters represent the bank name. For 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 branch. For PUNB0MBGB06, “MBGB06” denotes the Bibhutipur branch.

How to Use an IFSC Code

You will need the IFSC code for all major online fund transfer methods:

• NEFT (National Electronic Funds Transfer): This system allows for funds to be transferred from one bank account to another across India. To initiate an NEFT transfer, you’ll need the beneficiary’s name, account number, account type, and the correct IFSC code.
• RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, typically for amounts of 2 lakhs (INR 200,000) or more, where funds are transferred immediately. Similar to NEFT, it requires the beneficiary’s details, including the IFSC code.
• IMPS (Immediate Payment Service): IMPS offers instant 24/7 interbank electronic fund transfers through mobile phones and internet banking. For an IMPS transaction, you will input the beneficiary’s mobile number, MMID (Mobile Money Identifier), or account number and IFSC code.

In each of these methods, entering the accurate IFSC code is a critical step to ensure your money reaches the intended recipient without delay or error.

Benefits of Knowing the IFSC Code

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

• Secure Transactions: It ensures your funds are transferred to the precise bank and branch, minimizing the risk of errors or misdirection.
• Faster Transfers: With the correct IFSC, online transactions like NEFT, RTGS, and IMPS are processed quickly and efficiently.
• Avoid Transaction Failures: Incorrect IFSC codes are a common reason for failed or delayed fund transfers. Having the right code prevents such issues.
• Convenience: It allows you to conduct banking operations from anywhere, anytime, using internet banking or mobile banking apps.
• Access to Digital Banking: Essential for using modern digital payment systems and taking advantage of online banking services.

Contact Information

For specific inquiries related to the Bibhutipur branch of Bihar Gramin Bank, you can use the following details:

• Branch Phone Number: 9955997838
• Branch Address: Bibhutipur, Samastipur, 848211
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code for Bibhutipur branch unique?
A: Yes, the IFSC code PUNB0MBGB06 is unique to the Bihar Gramin Bank, Bibhutipur branch, distinguishing it from all other bank branches in India.

Q2: What happens if I use an old IFSC code after the merger?
A: If you use an old or incorrect IFSC code for any fund transfer, the transaction will likely fail, and the funds will not be transferred to the beneficiary. Always use the current and correct code, PUNB0MBGB06.

Q3: Can I find the IFSC code on my bank passbook?
A: Yes, the IFSC code is usually printed on the first page of your bank passbook or on your cheque book. You can also find it on your bank’s official website or through online IFSC lookup tools.

Q4: Is the MICR code also important for online transfers?
A: The MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. While not directly required for NEFT, RTGS, or IMPS, it’s an important identifier for your bank branch, especially for clearing cheques.

Q5: Who sponsors Bihar Gramin Bank?
A: Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). This sponsorship is reflected in its IFSC codes, which often begin with “PUNB”.