Bihar Gramin Bank Bindusar IFSC Code

This article provides key details for the Bihar Gramin Bank branch located in Bindusar, Siwan district, Bihar. When you need to send or receive money through digital channels like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a specific code called the IFSC (Indian Financial System Code) is essential. This unique code makes sure your money goes to the correct bank and branch without any issues.

Branch Details Table

Here are the important details for the Bihar Gramin Bank, Bindusar branch:

Bank Name	Bihar Gramin Bank
Branch Name	Bindusar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100677
Branch Address	Bindusar, SIWAN, 841226
Contact Number	8759102752
City	SIWAN
District	SIWAN
Pincode	841226
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This unified bank now operates under the sponsorship of Punjab National Bank (PNB).

Following this merger, all branches, including Bindusar, now use a new set of IFSC codes that begin with “PUNB0,” indicating their affiliation with Punjab National Bank. The specific IFSC code for the Bindusar branch is PUNB0MBGB06. It is crucial to understand that any old IFSC codes previously used for branches under Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. For any fund transfers to or from Bihar Gramin Bank branches today, only the new, updated IFSC codes, like PUNB0MBGB06, are valid. Using an old or incorrect IFSC code will lead to transaction failure.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It’s unique to each bank branch in India. Think of it like a specific address for a bank branch in the digital world. This code helps identify the exact bank and branch that is meant to receive a fund transfer.

The structure of the IFSC code is always the same:

• The first four characters are alphabetic and represent the bank. For example, “PUNB” stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters are alphanumeric and uniquely identify the specific bank branch. For the Bindusar branch, these characters are “MBGB06”.

So, for Bihar Gramin Bank, Bindusar branch, the IFSC code PUNB0MBGB06 breaks down as: “PUNB” (Bank code), “0” (Reserved character), and “MBGB06” (Bindusar branch code).

How to Use IFSC Code

Using the IFSC code correctly is vital for any online fund transfer. Here’s a simple guide on how to use it for common transaction types:

For NEFT (National Electronic Funds Transfer)

NEFT is a popular way to transfer funds electronically from one bank account to another across India. Transactions are processed in batches.

1. Log in to your bank’s internet banking portal or mobile banking app.
2. Go to the “Fund Transfer” or “Payments” section.
3. Select “NEFT” as the transfer type.
4. Add the beneficiary (the person you’re sending money to). You’ll need their:
   • Name
   • Account Number
   • Account Type (Savings, Current, etc.)
   • IFSC Code (PUNB0MBGB06 for Bindusar branch)
5. Enter the amount you wish to transfer.
6. Confirm the details and complete the transaction.

For RTGS (Real Time Gross Settlement)

RTGS is designed for large-value transactions, typically for amounts of 2 lakh rupees or more. Funds are settled individually and immediately.

1. Access your internet banking or mobile banking platform.
2. Choose the “Fund Transfer” option.
3. Select “RTGS” as the transfer method.
4. Add the beneficiary’s details, including:
   • Name
   • Account Number
   • Account Type
   • IFSC Code (PUNB0MBGB06 for Bindusar branch)
5. Enter the transfer amount (must be ₹2,00,000 or more).
6. Review all information carefully and authorize the transaction.

For IMPS (Immediate Payment Service)

IMPS allows for instant, 24/7 fund transfers, even on holidays. It’s suitable for smaller, urgent transfers.

1. Open your mobile banking app or internet banking portal.
2. Navigate to the “IMPS” or “Instant Transfer” section.
3. Provide the beneficiary’s details:
   • Name
   • Account Number
   • IFSC Code (PUNB0MBGB06 for Bindusar branch)
   • Alternatively, you might use their Mobile Number and MMID (Mobile Money Identifier) if the beneficiary is registered for IMPS using that method.
4. Specify the amount to be transferred.
5. Verify the details and proceed to confirm the payment.

Always double-check the IFSC code and account number before initiating a transfer to avoid sending money to the wrong recipient.

Benefits

Knowing the correct IFSC code offers several practical benefits for your banking activities:

• Accurate Fund Transfers: It ensures that your money reaches the precise bank and branch intended, reducing errors in online transactions.
• Faster Processing: Correct IFSC codes help systems quickly route transactions, leading to quicker processing times for NEFT, RTGS, and IMPS.
• Enhanced Security: By precisely identifying the beneficiary’s branch, it adds a layer of security, minimizing the risk of fraudulent transfers.
• Mandatory for Digital Banking: The IFSC code is a fundamental requirement for almost all forms of electronic fund transfers within India.
• Easy Identification: It simplifies the process of identifying any bank branch across the country, even if you only know its name.

Contact

If you need to get in touch with the bank, here are the relevant contact details:

• Bindusar Branch Phone Number: 8759102752
• Bindusar Branch Address: Bindusar, SIWAN, 841226, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank Customer Care, relevant for Bihar Gramin Bank): 18001807777

FAQs

Here are answers to some common questions about Bihar Gramin Bank and its IFSC code:

Q1: Is Bihar Gramin Bank a government bank?
A1: Yes, Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are joint ventures of the Government of India, the state government, and a sponsor bank. In this case, Punjab National Bank is the sponsor bank, meaning it oversees the operations of Bihar Gramin Bank.

Q2: Can I use an old UBGB or DBGB IFSC code for a transaction?
A2: No, you cannot. After the merger that formed Bihar Gramin Bank, all old IFSC codes for Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) branches were revoked. You must use the new IFSC code, which starts with “PUNB0,” for all transactions.

Q3: What happens if I enter the wrong IFSC code during a transfer?
A3: If you enter an incorrect IFSC code, the transaction will likely fail. The banking system will not be able to identify the intended branch, and the funds will not be debited from your account or will be reversed if they were temporarily debited. Always double-check the code before confirming.

Q4: How can I find the IFSC code for other Bihar Gramin Bank branches?
A4: You can find the IFSC code for other branches by visiting the official website of Bihar Gramin Bank or Punjab National Bank. You can also look it up on your bank’s passbook, cheque leaf, or through reliable third-party financial information websites. Always cross-verify the information.

Q5: Is the MICR code the same as the IFSC code?
A5: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit code primarily used for processing cheques. It’s usually found at the bottom of a cheque leaf. The IFSC code, as explained, is for electronic fund transfers.