Bihar Gramin Bank FATEHPUR MOR IFSC Code

This article will help you understand the importance of the Indian Financial System Code (IFSC) for the Bihar Gramin Bank branch at FATEHPUR MOR in Nawada, Bihar. The IFSC code is a unique identifier crucial for securely transferring funds through electronic systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Whether you are sending money to this branch or receiving funds, having the correct IFSC ensures your transaction reaches the intended recipient without delay or error.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	FATEHPUR MOR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7282
Branch Address	FATEHPUR MOR, Nawada, 805126, 9771464282
Contact Number	9771464282
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805126
State	Bihar

Merger Update

The FATEHPUR MOR branch, which was part of the earlier Bihar Gramin Bank structure, is now under the umbrella of Madhya Bihar Gramin Bank (MBGB). This change occurred due to the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), which formed Madhya Bihar Gramin Bank. Punjab National Bank sponsors Madhya Bihar Gramin Bank. As a result of this merger, all old IFSC codes belonging to UBGB and DBGB have been revoked. It is very important to note that only the new IFSC code, PUNB0MBGB06, is valid for all electronic fund transfers to and from this branch. Using an old or incorrect IFSC code will cause your transaction to fail.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character code used to identify bank branches in India for electronic transactions. This code is crucial for ensuring that your money goes to the correct bank and branch.

• The first four characters identify the bank. For the FATEHPUR MOR branch, this is PUNB, representing Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters uniquely identify the specific bank branch. For the FATEHPUR MOR branch, these are MBGB06.

How to Use IFSC Code

You will need the IFSC code for different types of electronic fund transfers:

• NEFT (National Electronic Funds Transfer): When you want to send money via NEFT, you need to add the beneficiary’s details, including their bank account number, bank name, and the IFSC code of their branch. Your bank then sends the money in batches to the destination bank.
• RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically above 2 lakh rupees. Similar to NEFT, you provide the beneficiary’s account number and the correct IFSC code. The money is transferred in real-time.
• IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. You can use it through mobile banking or internet banking. For IMPS, you will enter the beneficiary’s account number and the IFSC code, or sometimes their mobile number and MMID (Mobile Money Identifier).

Benefits of Knowing the IFSC Code

Having the correct IFSC code offers several advantages:

• It ensures that your electronic fund transfers are accurate and reach the intended recipient’s branch.
• It speeds up the process of sending and receiving money, making transactions more efficient.
• It helps prevent errors and misdirection of funds, providing security for your financial transactions.
• The IFSC code is essential for all online banking activities, including setting up new beneficiaries and making payments.
• It is a mandatory requirement for using UPI (Unified Payments Interface) for linking bank accounts and sending money.

Contact Information

For inquiries regarding the FATEHPUR MOR branch of Madhya Bihar Gramin Bank, you can use the following details:

• Branch Phone Number: 9771464282
• Branch Address: FATEHPUR MOR, Nawada, 805126, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about IFSC codes:

Q1: What is the full form of IFSC?
A: IFSC stands for Indian Financial System Code.

Q2: Is the IFSC code the same for all branches of Madhya Bihar Gramin Bank?
A: No. While the first five characters (PUNB0) might be the same for all branches under Punjab National Bank’s sponsorship, the last six characters are unique to each individual branch. For example, FATEHPUR MOR branch has MBGB06 as its unique identifier.

Q3: What happens if I use an incorrect IFSC code during a transaction?
A: If you enter an incorrect IFSC code, the transaction will usually fail. The banking system will detect that the code does not match the beneficiary’s details or branch, and the transfer will not go through. This helps prevent money from being sent to the wrong place.

Q4: Can I find the IFSC code on my bank passbook or cheque book?
A: Yes, the IFSC code is typically printed on the first page of your bank passbook and on the top left corner of your cheque leaves.

Q5: Why does the IFSC code for Madhya Bihar Gramin Bank start with PUNB?
A: The IFSC code for Madhya Bihar Gramin Bank starts with PUNB because Punjab National Bank is its sponsoring public sector bank. The first four characters of an IFSC code identify the sponsoring bank.