Bihar Gramin Bank Ghyaspur IFSC Code

The Bihar Gramin Bank branch in Ghyaspur, Siwan, Bihar, plays a key role for residents in managing their finances. For any electronic money transfers, like sending or receiving funds through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), knowing the correct IFSC (Indian Financial System Code) for this branch is essential. This code ensures that your money reaches the right bank and the correct branch, making transactions smooth and secure.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Ghyaspur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100648
Branch Address	Ghyaspur, SIWAN, 841210
Contact Number	9297954441
City	SIWAN
District	SIWAN
Region	SIWAN
Pincode	841210
State	Bihar

Merger Update

For customers of Bihar Gramin Bank, it is important to understand a significant change in its structure. What was previously Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged. They now operate as a single entity known as *Manyavar Bihar Gramin Bank (MBGB)*. This new bank is sponsored by Punjab National Bank (PNB).

Due to this merger, all previous IFSC codes belonging to UBGB and DBGB have been revoked. They are no longer valid for any banking transactions. All branches of Manyavar Bihar Gramin Bank, including the Ghyaspur branch, now use new IFSC codes that begin with “PUNB0”. The specific IFSC code for the Ghyaspur branch is PUNB0MBGB06. It is crucial to use only this new code for all your electronic fund transfers to ensure your money is correctly routed.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an eleven-character code. It is used to identify every bank branch in India that participates in the Reserve Bank of India’s electronic payment system. Think of it as a unique digital address for a specific bank branch.

The IFSC code is structured in a clear way:

• The first four characters represent the bank. For the Ghyaspur branch, this is PUNB, standing for Punjab National Bank, the sponsor bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In the case of Ghyaspur, this is MBGB06.

So, for PUNB0MBGB06, it tells the banking system that the transaction is for Punjab National Bank’s sponsored Manyavar Bihar Gramin Bank, and specifically for branch code “MBGB06”.

How to Use the IFSC Code

You will need the IFSC code whenever you want to transfer money electronically to another bank account. Here’s how it typically works for different transfer methods:

• For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement):
  1. Log in to your bank’s online banking portal or mobile app.
  2. Go to the ‘Fund Transfer’ or ‘Payments’ section.
  3. Select ‘Add Beneficiary’ or ‘Manage Payees’.
  4. Enter the beneficiary’s name, account number, account type (savings, current), and the bank’s IFSC code (PUNB0MBGB06 for Ghyaspur branch).
  5. After adding the beneficiary, you can proceed to initiate the transfer, specifying the amount.

  For NEFT, funds are settled in batches throughout the day. For RTGS, transactions are processed individually and in real-time, typically for larger amounts.

• For IMPS (Immediate Payment Service):
  1. Access your bank’s mobile banking app or internet banking.
  2. Choose the IMPS option.
  3. You will usually select the beneficiary from your saved list or add a new one. While some systems might ask for the IFSC code directly, many now allow you to select the bank and branch name, and the system automatically fetches the IFSC.
  4. Enter the amount you wish to transfer.

  IMPS allows for instant fund transfers, even on holidays.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transaction. An incorrect IFSC code could delay your payment or even send it to the wrong bank, although typically banks have systems in place to prevent funds from being misdirected due to an incorrect IFSC code if the account number does not match.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for the Ghyaspur branch of Manyavar Bihar Gramin Bank is important for several practical reasons:

• Ensures Correct Routing: It makes sure your money goes to the exact branch of the right bank, preventing delays or errors.
• Faster Transfers: With the correct code, electronic transfers like NEFT, RTGS, and IMPS are processed efficiently.
• Essential for Online Banking: Most online fund transfer systems require the IFSC code to set up a new beneficiary.
• Prevents Transaction Failures: An incorrect IFSC code will often lead to a failed transaction, requiring you to re-initiate it.
• Required by Senders: If someone needs to send you money, they will ask for your bank account number and the Ghyaspur branch’s IFSC code.

Contact Information

For any queries or assistance related to the Ghyaspur branch or Manyavar Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954441
• Branch Address: Ghyaspur, SIWAN, 841210
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the Ghyaspur branch part of Bihar Gramin Bank or Manyavar Bihar Gramin Bank?

A1: The Ghyaspur branch now operates under *Manyavar Bihar Gramin Bank (MBGB)*. This bank was formed after the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. Punjab National Bank is its sponsor bank.

Q2: Why did the IFSC code for Ghyaspur branch change?

A2: The IFSC code changed due to the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Manyavar Bihar Gramin Bank. All branches of the newly formed entity received new IFSC codes beginning with “PUNB0” as Punjab National Bank is the sponsor bank.

Q3: What happens if I use an old IFSC code for a transfer to the Ghyaspur branch?

A3: If you use an old IFSC code for a transaction, it will likely fail. The banking system will not recognize the old code as valid for Manyavar Bihar Gramin Bank. You must use the new code, PUNB0MBGB06, for all electronic transfers.

Q4: Can I find the IFSC code on my bank passbook or cheque book?

A4: Yes, the IFSC code is usually printed on your bank passbook. It is also found on cheque leaves, typically near the top or bottom of the cheque. However, if your passbook or cheque book was issued before the merger, it might show the old IFSC code. Always confirm the latest code, especially after bank mergers.

Q5: Is the IFSC code the same for all branches of Manyavar Bihar Gramin Bank?

A5: No, the IFSC code is unique for each branch. While the first five characters (PUNB0) are common for all Manyavar Bihar Gramin Bank branches, the last six characters are different for every single branch, identifying its specific location.