Bihar Gramin Bank Dalsingsarai IFSC Code

This article provides essential details for the Bihar Gramin Bank branch located in Dalsingsarai. Understanding the Indian Financial System Code (IFSC) for this branch is very important. This unique code is crucial for all electronic 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 ensures your money reaches the right account without delays.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Dalsingsarai
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3920
Branch Address	Dalsingsarai, Samastipur, 848114, 9955997826
Contact Number	9955997826
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848114
State	Bihar

Merger Update

The Bihar Gramin Bank, where the Dalsingsarai branch was originally located, has undergone a merger. This branch is now officially part of Madhya Bihar Gramin Bank. Madhya Bihar Gramin Bank is sponsored by Punjab National Bank. Because of this merger, all previous IFSC codes for the original Bihar Gramin Bank branches are no longer valid. For any financial transaction related to the Dalsingsarai branch, you must use the updated and correct IFSC code, which is PUNB0MBGB06. This code is the only valid one for current transactions.

What is IFSC Code?

An IFSC code is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in electronic funds transfers. Here’s how it’s structured:

• The first four characters represent the bank’s name. For example, ‘PUNB’ stands for Punjab National Bank (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 bank branch. For the Dalsingsarai branch, these are ‘MBGB06’.

This structure helps in directing transactions to the exact branch, ensuring accuracy and security.

How to Use IFSC Code

Using the IFSC code is simple when you are making an electronic fund transfer. Follow these steps:

1. Log in to your bank’s online banking portal or mobile app.
2. Select the option for fund transfer (NEFT, RTGS, or IMPS).
3. Add the beneficiary’s details if you haven’t already. This includes their name, account number, and the bank branch’s IFSC code (PUNB0MBGB06 for Dalsingsarai).
4. Enter the amount you wish to transfer.
5. Confirm the details. The system will use the IFSC code to correctly identify the Dalsingsarai branch of Madhya Bihar Gramin Bank.

Always double-check the IFSC code before confirming a transaction to avoid any transfer issues.

Benefits of Knowing the IFSC Code

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

• Accurate Transfers: It ensures your money goes to the correct bank and branch, preventing misdirected funds.
• Faster Transactions: With the right code, electronic transfers like NEFT, RTGS, and IMPS are processed quickly.
• Enhanced Security: The unique code adds a layer of security, reducing the risk of fraud in digital transactions.
• Convenience: It allows you to make transactions from anywhere, anytime, without needing to visit the bank branch.
• Easy Tracking: In case of any issues, the specific IFSC code helps in tracking the transaction more efficiently.

Contact Information

• Branch Phone Number: 9955997826
• Branch Address: Dalsingsarai, Samastipur, 848114, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777

FAQs

Here are some common questions about IFSC codes:

Q1: What happens if I use an old or incorrect IFSC code?

If you use an old or incorrect IFSC code, your electronic fund transfer will likely fail. The bank’s system relies on the correct code to route the money. In some cases, if the code is for a different active branch, your money might go to the wrong account, which can be difficult to recover.

Q2: Is the IFSC code the same for all branches of Madhya Bihar Gramin Bank?

No, the IFSC code is unique for each specific branch. While the first four characters (e.g., PUNB) will be the same for all branches of Madhya Bihar Gramin Bank (as it indicates the sponsoring bank), the last six characters will differ from branch to branch to identify each unique location.

Q3: Can I find the IFSC code online?

Yes, you can easily find IFSC codes online. They are typically available on the bank’s official website, the Reserve Bank of India (RBI) website, and various financial aggregator websites. You can also find it on your bank passbook or checkbook.

Q4: What is the difference between NEFT, RTGS, and IMPS?

• NEFT (National Electronic Funds Transfer): This is a batch-based transfer system. Transactions are processed in batches throughout the day, so it’s not immediate but typically settles within a few hours. There’s no minimum or maximum limit.
• RTGS (Real Time Gross Settlement): This is a real-time transfer system. Each transaction is processed individually and immediately. It’s mainly used for high-value transfers, with a minimum transfer amount of 2 lakh (200,000) rupees.
• IMPS (Immediate Payment Service): This is an instant, 24/7 service that allows money transfers between bank accounts immediately, even on holidays. It’s often used for smaller, urgent transfers and has a typical limit of 5 lakh (500,000) rupees per transaction.

Q5: Is the MICR code also important for fund transfers?

The MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. It’s a 9-digit numerical code printed on the bottom of cheque leaves. For electronic fund transfers like NEFT, RTGS, or IMPS, the IFSC code is the essential identifier, not the MICR code.