Bihar Gramin Bank Gopalpur IFSC Code

If you need to send or receive money at the Bihar Gramin Bank Gopalpur branch in Siwan, Bihar, understanding the Indian Financial System Code (IFSC) is crucial. This unique code ensures your funds reach the right bank and branch quickly and safely when you use online transfer methods like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).

Branch Details

Detail	Value
Bank Name	Bihar Gramin Bank
Branch Name	Gopalpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100682
Branch Address	Gopalpur, SIWAN, 841286, 9297954443
Contact Number	9297954443
City	SIWAN
District	SIWAN
Pincode	841286
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed as a result of the merger of Madhya Bihar Gramin Bank and Uttar Bihar Gramin Bank. Both these banks were sponsored by Punjab National Bank. This merger brought all branches under a unified structure, and with it, standardized IFSC codes.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) or Madhya Bihar Gramin Bank (MBGB) are no longer valid for transactions. All financial transfers to branches of Bihar Gramin Bank, including Gopalpur, must now use the new, unified IFSC codes. For instance, the IFSC code PUNB0MBGB06 for the Gopalpur branch clearly indicates its connection to the Punjab National Bank’s sponsorship and the unified structure of Bihar Gramin Bank.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alpha-numeric code used to uniquely identify all bank branches in India. This code is essential for electronic fund transfers.

The structure of the IFSC code is easy to understand:

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin 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 the case of PUNB0MBGB06, “MBGB06” points to the Gopalpur branch within the Bihar Gramin Bank system, which originated from Madhya Bihar Gramin Bank.

How to Use an IFSC Code

You will need the IFSC code whenever you initiate an online money transfer. Here’s how it’s typically used:

1. Initiate the Transaction: Log in to your bank’s online banking portal or mobile app. Select the option for fund transfer (NEFT, RTGS, or IMPS).
2. Add Beneficiary Details: If you’re sending money to a new person, you’ll need to add them as a beneficiary. This usually involves providing their name, account number, account type, and the bank’s IFSC code.
3. Enter IFSC Code: Carefully type in the 11-character IFSC code, such as PUNB0MBGB06 for Bihar Gramin Bank, Gopalpur. Double-check for any errors.
4. Enter Amount and Confirm: Input the amount you wish to transfer and confirm all details. Your bank will use the IFSC code to route the money to the correct recipient bank and branch.

Remember, even a single incorrect digit in the IFSC code can lead to your transaction failing or, in rare cases, funds being sent to the wrong account.

Benefits of Knowing the IFSC Code

Having the correct IFSC code provides several important benefits:

• Safe Fund Transfers: It ensures that your money is transferred accurately to the intended bank branch, reducing the risk of errors.
• Faster Processing: IFSC codes are crucial for the quick processing of online transactions like NEFT, RTGS, and IMPS.
• Online Convenience: It allows you to conduct financial transactions from anywhere, anytime, without needing to visit a bank branch.
• Account Reconciliation: Businesses and individuals can easily track and reconcile their transactions using the specific branch identification provided by the IFSC code.
• Prevents Fraud: Using the correct IFSC helps prevent funds from being misdirected due to incorrect branch identification.

Contact Information

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

• Branch Phone Number: 9297954443
• Branch Address: Gopalpur, SIWAN, 841286, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code the same as the MICR code?
A: No, the IFSC code and MICR code are different. The IFSC code (Indian Financial System Code) is used for online fund transfers (NEFT, RTGS, IMPS), while the MICR code (Magnetic Ink Character Recognition) is found on cheque leaves and is used for processing cheques electronically.

Q2: What happens if I use a wrong IFSC code during a transaction?
A: If you enter an incorrect IFSC code, your transaction will likely fail. In some cases, if the wrong IFSC code corresponds to another valid branch, your funds might be transferred to an unintended recipient, though this is less common with modern banking systems that often verify the account number against the IFSC code. Always double-check the code.

Q3: Where can I find the IFSC code for my bank branch?
A: You can find the IFSC code on your bank’s cheque book, passbook, or account statement. It is also available on your bank’s official website or through reliable online IFSC code lookup tools. For Bihar Gramin Bank Gopalpur, it is PUNB0MBGB06.

Q4: Is the IFSC code unique for every branch?
A: Yes, each bank branch in India has a unique 11-character IFSC code. This uniqueness is what allows electronic fund transfers to be routed accurately to the specific branch.

Q5: Can the IFSC code change over time?
A: The IFSC code generally remains constant. However, it can change in specific situations, such as bank mergers, acquisitions, or restructuring of bank branches. As seen with the merger forming Bihar Gramin Bank, old codes become invalid, and new, unified codes are issued.