Bihar Gramin Bank Harpur Alloth (Industrial Area) IFSC Code

The Bihar Gramin Bank branch at Harpur Alloth (Industrial Area) is located in Samastipur, Bihar. This branch serves the local community by providing essential banking services. For any financial transactions like sending or receiving money electronically, it’s crucial to know the Indian Financial System Code (IFSC). This unique 11-character code is vital for processing fund transfers through systems like NEFT, RTGS, and IMPS, ensuring your money reaches the correct bank and branch.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Harpur Alloth (Industrial Area)
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3982
Branch Address	Harpur Alloth (Industrial Area), Samastipur, 848101, 7070098474
Contact Number	7070098474
City	Samastipur
District	Samastipur
Pincode	848101
State	Bihar

Merger Update

The Harpur Alloth (Industrial Area) branch, which was originally part of Bihar Gramin Bank, now operates under Madhya Bihar Gramin Bank (MBGB). Madhya Bihar Gramin Bank is sponsored by Punjab National Bank (PNB), which explains why its IFSC code, PUNB0MBGB06, begins with ‘PUNB’. This consolidation helps streamline banking services and operations.

It’s important to understand the process of bank mergers and their impact on IFSC codes in the region. If branches previously belonging to Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) were to merge and consolidate, and then adopt a unified IFSC code like PUNB0MBGB06 under Punjab National Bank’s sponsorship, their old IFSC codes would be revoked. This means that for any such merged entities, only the new IFSC code, PUNB0MBGB06 in this example, would be valid for all transactions. The rule is clear: old UBGB IFSC codes are revoked, and only the new, consolidated IFSC code is valid for transactions.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers in India. Think of it like a specific address for a bank branch in the digital world. This code is essential for ensuring your money goes to the right place.

The structure of an IFSC code is standard across all banks:

• The first four characters represent the bank name. For example, ‘PUNB’ stands for Punjab National Bank (which sponsors Madhya Bihar Gramin Bank).
• The fifth character is always ‘0’ (zero). This character is reserved for future use.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, ‘MBGB06’ points to a particular branch of Madhya Bihar Gramin Bank.

How to Use an IFSC Code

Using an IFSC code is straightforward when you want to transfer money electronically. Here’s how it works for common transfer methods:

• NEFT (National Electronic Funds Transfer): This system processes transfers in batches at specific times. When you initiate a NEFT transfer, you will need the beneficiary’s bank name, account number, account holder’s name, and the correct IFSC code for their branch.
• RTGS (Real-Time Gross Settlement): RTGS is for large-value transactions, typically 2 lakh rupees or more. Transfers are processed individually and in real-time. Similar to NEFT, you’ll need the beneficiary’s bank name, account number, name, and IFSC code.
• IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking or internet banking. You will need the beneficiary’s account number and IFSC code, or their mobile number and MMID (Mobile Money Identifier).

When you enter the IFSC code during an online transfer, your bank’s system automatically retrieves the branch details, helping to prevent errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Accurate Fund Transfers: Ensures your money reaches the correct recipient bank and branch without delays or errors.
• Faster Processing: Enables smooth and efficient processing of NEFT, RTGS, and IMPS transactions.
• Security: Helps in validating the beneficiary’s bank details, adding an extra layer of security to your transactions.
• Online Banking Convenience: Essential for setting up beneficiaries and making payments through internet or mobile banking platforms.
• Avoid Rejections: Incorrect IFSC codes are a common reason for transaction failures or reversals, leading to delays.

Contact Information

For inquiries regarding the Harpur Alloth (Industrial Area) branch of Madhya Bihar Gramin Bank, you can use the following details:

• Branch Phone Number: 7070098474
• Branch Address: Harpur Alloth (Industrial Area), Samastipur, 848101, Bihar
• Madhya Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (PNB Customer Care – often relevant for sponsored RRBs): 18001807777

FAQs

Here are some common questions about IFSC codes and this bank branch:

Q1: Is Bihar Gramin Bank still an independent bank?
A1: No, Bihar Gramin Bank merged to form Madhya Bihar Gramin Bank (MBGB). The Harpur Alloth (Industrial Area) branch now operates under Madhya Bihar Gramin Bank.

Q2: What is the MICR code for Harpur Alloth (Industrial Area) branch?
A2: The MICR (Magnetic Ink Character Recognition) code for this branch is 800811002. This code is used primarily for processing paper cheques.

Q3: Can I use an old IFSC code if I still have it from before the merger?
A3: No, it is critical to use only the current and correct IFSC code, PUNB0MBGB06, for all transactions. Old IFSC codes for merged entities are no longer valid and will cause transactions to fail.

Q4: How can I find the IFSC code for another branch of Madhya Bihar Gramin Bank?
A4: You can find IFSC codes on your cheque book, bank’s official website, or through various online IFSC code search portals. Always cross-verify the code before initiating a transfer.

Q5: Is the IFSC code the same for all branches of Madhya Bihar Gramin Bank?
A5: No, while the first five characters (PUNB0) are common for Madhya Bihar Gramin Bank branches, the last six characters are unique to each individual branch. This uniqueness ensures that funds are directed to the specific branch intended.