Here is a detailed guide on the IFSC code for Bihar Gramin Bank, Bithan branch, and its importance for your banking transactions. This branch serves the Bithan area in Samastipur, Bihar, and knowing its Indian Financial System Code (IFSC) is essential for any digital fund transfers. Whether you are sending money through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the correct IFSC code ensures your funds reach the intended recipient swiftly and without error.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Bithan |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3949 |
| Branch Address | Bithan, Samastipur, 848207 |
| Contact Number | 9955997856 |
| City | Samastipur |
| District | Samastipur |
| Reason | SAMASTIPUR |
| Pincode | 848207 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
Bihar Gramin Bank is a Regional Rural Bank (RRB) that operates under the sponsorship of Punjab National Bank (PNB). Over the years, the Indian banking sector has seen a consolidation of many RRBs to streamline their operations and provide better, more unified services. As a result of such initiatives, a common IFSC structure has been adopted for several PNB-sponsored RRBs in the region.
The IFSC code PUNB0MBGB06 for the Bithan branch of Bihar Gramin Bank is part of this consolidated system. This means that if there were any older, different IFSC codes previously associated with branches that are now part of this larger PNB-sponsored RRB framework, those old codes have been revoked. It is crucial to understand that only the new, unified IFSC code, PUNB0MBGB06, is valid for all electronic fund transfers involving the Bithan branch of Bihar Gramin Bank.
What is an IFSC Code?
The IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code. It identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. This code is crucial for directing electronic transactions to the correct bank and branch.
The 11 characters of an IFSC code are structured in a specific way:
- 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 and acts as a control digit.
- The last six characters identify the specific branch. In this case, “MBGB06” identifies a particular set of branches or the branch itself within the consolidated structure.
How to Use an IFSC Code
Using the IFSC code is a straightforward process when you are making digital fund transfers. Here’s how it works for the most common methods:
- NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches. To send money via NEFT, you need the beneficiary’s name, account number, bank name, and the correct IFSC code. You initiate the transfer through your bank’s online portal or mobile app, or by visiting a branch.
- RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, typically INR 2 lakhs and above, and processes payments individually in real-time. Similar to NEFT, you will need the beneficiary’s details, including their account number, bank name, and the specific IFSC code, to complete an RTGS transfer.
- IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. It is commonly used for smaller, urgent transactions. You can use IMPS via mobile banking or internet banking by providing the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code.
Always double-check the IFSC code before confirming any transaction to prevent funds from being sent to the wrong account.
Benefits of Knowing Your IFSC Code
Having the correct IFSC code for your bank branch is highly beneficial for several reasons:
- Enables Electronic Transfers: It is mandatory for all major electronic fund transfer systems like NEFT, RTGS, and IMPS, allowing for quick and secure transactions.
- Ensures Accuracy: The unique code helps route funds to the exact bank and branch, minimizing the risk of errors in transactions.
- Saves Time: Electronic transfers are much faster than traditional methods like checks, with funds often credited within minutes or hours.
- Convenience: You can send or receive money from anywhere, anytime, using internet or mobile banking, eliminating the need to visit a physical bank branch.
- Security: Digital transactions are tracked and secured with multiple layers of authentication, offering a safe way to move money.
Contact Information
- Branch Phone Number (Bithan, Samastipur): 9955997856
- Branch Address (Bithan, Samastipur): Bithan, Samastipur, 848207, Bihar
- Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number (Punjab National Bank, for sponsored RRBs): 18001807777
Frequently Asked Questions
Here are some common questions about IFSC codes and their usage:
Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, typically each individual branch has a unique IFSC code. However, due to recent consolidations, some groups of branches under a common sponsor (like PNB) might share a part of the IFSC or follow a unified system where specific digits change for each branch. For the Bithan branch, PUNB0MBGB06 is the correct and specific code.
Q2: What should I do if I enter a wrong IFSC code during a transfer?
A2: If you enter an incorrect IFSC code, the transaction will likely fail and the funds will not be debited from your account. If the funds are debited but sent to a non-existent account or an account that doesn’t match the name, the money will usually be reversed to your account within a few business days. However, if the wrong IFSC code leads to a valid account belonging to another person, recovering the funds can be challenging and may require contacting both banks involved.
Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is almost always printed on the first page of your bank passbook and on the top part of your cheque leaves. You can also find it on your bank’s official website or through online IFSC lookup tools.
Q4: Is a MICR code also necessary for online transfers?
A4: No, a MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. For online electronic fund transfers (NEFT, RTGS, IMPS), only the IFSC code is required along with the beneficiary’s account number and name.
Q5: How long does it take for funds to be credited via NEFT or RTGS?
A5: NEFT transactions are processed in hourly batches during working hours, usually taking a few hours for the funds to be credited. RTGS transactions are processed in real-time and funds are typically credited almost instantly for transfers above INR 2 lakhs, within minutes.
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.