The Bihar Gramin Bank branch in Harpur Alloth, Samastipur, Bihar, plays a crucial role for residents and businesses in the area. When you need to send or receive money digitally, understanding the bank’s Indian Financial System Code, or IFSC, is essential. This unique 11-character code ensures your online fund transfers via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) are accurate and reach the correct destination quickly.
Branch Details
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Harpur Alloth |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3937 |
| Branch Address | Harpur Alloth, Samastipur, 848101, 9955997843 |
| Contact Number | 9955997843 |
| City | Samastipur |
| District | Samastipur |
| Reason | SAMASTIPUR |
| Pincode | 848101 |
| State | Bihar |
Merger Update
For branches like Harpur Alloth, which now fall under Bihar Gramin Bank, the IFSC code reflects a broader consolidation trend among Regional Rural Banks (RRBs). For instance, the Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged, and their branches now use a unified IFSC code structure, such as the one seen here: PUNB0MBGB06, provided by their sponsor bank, Punjab National Bank. This code ensures standardization across merged entities.
It is very important to note that old IFSC codes, if any, for branches that were part of these merged entities are no longer valid. Only the new, unified IFSC code like PUNB0MBGB06 should be used for all financial transactions to avoid any delays or failures.
What is an IFSC Code?
The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code used to identify bank branches participating in online fund transfers within India. It is critical for ensuring that money sent through NEFT, RTGS, or IMPS reaches the correct beneficiary account at the right bank branch.
The structure of the IFSC code is simple:
- The first four characters represent the bank name. For PUNB0MBGB06, PUNB stands for Punjab National Bank, the sponsor 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 character.
- The last six characters uniquely identify the specific bank branch. In the case of PUNB0MBGB06, MBGB06 is the unique code for the Harpur Alloth branch of Bihar Gramin Bank.
How to Use the IFSC Code
Using the IFSC code correctly is vital for smooth online fund transfers. Here’s a step-by-step guide for NEFT, RTGS, and IMPS transactions:
- Log In: Access your net banking portal or mobile banking application using your credentials.
- Select Fund Transfer: Navigate to the ‘Fund Transfer’, ‘Payments’, or ‘Transfer Money’ section.
- Choose Transfer Type: Select the desired transfer method: NEFT, RTGS, or IMPS.
- Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a new beneficiary. You’ll typically be asked for:
- Beneficiary’s Name
- Beneficiary’s Account Number (you will often need to enter it twice for confirmation)
- Beneficiary’s Account Type (Savings, Current, etc.)
- The IFSC Code of the beneficiary’s bank branch (PUNB0MBGB06 for Harpur Alloth branch).
- Confirm and Enter Amount: After adding the beneficiary, select them from your list, enter the amount you wish to transfer, and add any remarks if needed.
- Review and Authenticate: Carefully review all the details to ensure accuracy. Then, authenticate the transaction using your password, PIN, or OTP (One-Time Password) as required by your bank.
Benefits of Knowing Your IFSC Code
Understanding and using the correct IFSC code offers several advantages:
- Accurate Transfers: It ensures that your money is sent to the precise bank and branch you intend, minimizing the risk of funds going to the wrong account.
- Faster Processing: IFSC codes automate the routing of funds, leading to quicker processing times for NEFT, RTGS, and IMPS transactions.
- Eliminates Manual Errors: By standardizing branch identification, it reduces the chances of errors that could occur with manual verification.
- National Standardization: It provides a uniform system for identifying all bank branches across India, making inter-bank transfers seamless.
- Secure Transactions: The unique identification adds a layer of security by making sure funds are directed to validated banking locations.
Contact Information
If you need to get in touch with the Bihar Gramin Bank Harpur Alloth branch or the head office, here are the contact details:
- Branch Phone Number: 9955997843
- Branch Address: Harpur Alloth, Samastipur, 848101, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Bihar Gramin Bank Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
Q: Is the IFSC code PUNB0MBGB06 valid for all branches of Bihar Gramin Bank?
A: No, the IFSC code PUNB0MBGB06 is specifically for the Harpur Alloth branch. While the first five characters (PUNB0) identify the sponsor bank and are common for Bihar Gramin Bank branches under Punjab National Bank, the last six characters (MBGB06) are unique to this particular branch. Each branch has its own distinct IFSC code.
Q: What happens if I use an incorrect or old IFSC code for a transaction?
A: If you use an incorrect or an old, revoked IFSC code, your transaction will likely fail. The funds will not be transferred, and you will receive an error message. It’s crucial to always verify the correct and current IFSC code before initiating any digital fund transfer.
Q: Where else can I find the IFSC code for my branch?
A: You can typically find your branch’s IFSC code printed on your bank’s chequebook, your passbook, or on your bank’s official website. You can also contact the branch directly using the provided phone number or the bank’s customer service for assistance.
Q: Is the IFSC code the same as the SWIFT code?
A: No, IFSC and SWIFT codes serve different purposes. The IFSC code (Indian Financial System Code) is used exclusively for domestic fund transfers within India. The SWIFT code (Society for Worldwide Interbank Financial Telecommunication) is used for international wire transfers to identify banks globally.
Q: Why is the fifth character of the IFSC code always zero?
A: The fifth character of the IFSC code is a “0” (zero) and is reserved for future use. This design allows for potential expansion or modifications to the IFSC code structure in the future without disrupting the existing system. For now, it simply acts as a standard separator.
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.