Bihar Gramin Bank Hasanpur IFSC Code

The Hasanpur branch of Bihar Gramin Bank is located in Vaishali district, Bihar. When you need to send or receive money electronically, especially for important transactions, understanding banking codes is essential. The Indian Financial System Code, or IFSC, plays a vital role in ensuring that fund transfers like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) reach the correct bank branch account without errors. It acts like a unique digital address for each bank branch in India.

Branch Details

Here are the key details for the Hasanpur branch of Bihar Gramin Bank:

Bank Name	Bihar Gramin Bank
Branch Name	Hasanpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100087
Branch Address	Hasanpur, VAISHALI, 844158
Contact Number	9297954995
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844158
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). It was formed by the merger of two older regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). As a result of this merger, all branches, including Hasanpur, now operate under a unified structure with a single, consolidated IFSC code pattern.

Specifically, for Bihar Gramin Bank, the IFSC codes now begin with PUNB0, followed by codes specific to the bank and branch. The old IFSC codes that belonged to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for any electronic fund transfers. It is crucial to use only the new, updated IFSC code, PUNB0MBGB06, for the Hasanpur branch to ensure your transactions are processed correctly and without delays. Using an old or incorrect IFSC code will lead to transaction failure or a return of funds.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code that uniquely identifies every bank branch participating in the NEFT, RTGS, and IMPS systems. It helps direct your money to the exact branch where the recipient holds an account. Let’s break down the structure of the Hasanpur branch’s IFSC code, PUNB0MBGB06:

• The first four characters (PUNB) identify the bank. In this case, PUNB stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character (0) is always zero. This is a control digit reserved for future use.
• The last six characters (MBGB06) uniquely identify the specific branch. MBGB represents the Bihar Gramin Bank (likely a short form for Merged Bihar Gramin Bank or Madhya Bihar Gramin Bank’s network), and 06 is the specific identifier for the Hasanpur branch within this network.

This standardized format ensures that every branch has a distinct digital signature for accurate financial transactions.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are initiating an online money transfer. Whether you are sending money via NEFT, RTGS, or IMPS, you will typically follow these steps:

1. Log in to your bank’s online banking portal or mobile app: Access your account securely.
2. Select the type of transfer: Choose between NEFT, RTGS, or IMPS based on the urgency and amount.
3. Add a Beneficiary (if not already added): If this is the first time you are sending money to this person or entity, you will need to add them as a beneficiary. You will typically be asked for:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Confirm Beneficiary’s Account Number
   • Beneficiary Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary Branch Name (e.g., Hasanpur)
   • IFSC Code: PUNB0MBGB06
4. Verify details: Double-check all the information you entered, especially the account number and IFSC code, to avoid errors.
5. Enter the transfer amount: Specify how much money you wish to send.
6. Confirm and authorize the transaction: Your bank will likely send an OTP (One-Time Password) to your registered mobile number for final authorization.

Once confirmed, the funds will be transferred to the recipient’s account. NEFT transfers are processed in batches, RTGS offers real-time large-value transfers, and IMPS provides instant transfers 24/7 for smaller amounts.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several important benefits:

• Accurate Fund Transfers: Ensures that your money is directed to the precise bank and branch, minimizing the risk of funds going to the wrong account.
• Faster Processing: Correct IFSC codes allow for quicker verification and processing of electronic transactions, reducing delays.
• Enhanced Security: The unique identification helps prevent fraudulent transfers by ensuring strict routing protocols.
• Supports Digital Banking: Essential for using modern digital payment methods like NEFT, RTGS, IMPS, and UPI (Unified Payments Interface).
• Convenience: Eliminates the need for physical visits to the bank for money transfers, saving time and effort.

Contact Information

For any inquiries related to the Hasanpur branch or Bihar Gramin Bank, you can use the following contact details:

• Hasanpur Branch Phone Number: 9297954995
• Hasanpur Branch Address: Hasanpur, VAISHALI, 844158, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: Can I still use the old IFSC code for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank for the Hasanpur branch?

A1: No, you cannot. Following the merger, all old IFSC codes belonging to Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new unified IFSC code, PUNB0MBGB06, for all electronic transactions with the Hasanpur branch of Bihar Gramin Bank.

Q2: What happens if I accidentally use an incorrect or old IFSC code?

A2: If you use an incorrect or old IFSC code, your transaction will likely fail. The funds will either not be debited from your account or will be returned to your account after a short period. This causes delays and requires you to re-initiate the transfer with the correct details.

Q3: Is the IFSC code same for all branches of Bihar Gramin Bank?

A3: No, the IFSC code is unique for each individual bank branch. While the first few characters (PUNB0MBGB) might be common across Bihar Gramin Bank branches, the last six characters will differ to identify each specific branch. Always ensure you have the correct IFSC for the intended beneficiary’s branch.

Q4: Why does the IFSC code start with “PUNB” if the bank name is Bihar Gramin Bank?

A4: Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). According to regulations, the IFSC code for RRBs often includes the code of their sponsoring bank. Hence, “PUNB” indicates its association with Punjab National Bank, which provides guidance and support to Bihar Gramin Bank.

Q5: Can I find the IFSC code on my passbook or cheque book?

A5: Yes, the IFSC code is typically printed on your bank’s cheque book (usually on the top left corner of the cheque leaf) and often on the front page of your passbook. However, due to the merger, it is always best to cross-verify the code with the latest information from the bank or reliable online sources to ensure it is updated.