Bihar Gramin Bank Hussainganj IFSC Code

The Bihar Gramin Bank branch located in Hussainganj, in the Siwan district of Bihar, plays a key role in serving the local community. For anyone looking to send or receive money electronically, understanding and using the Indian Financial System Code, or IFSC, is absolutely essential. This unique code acts like a digital address for your bank branch, making sure that funds transferred through systems like NEFT, RTGS, and IMPS go to the right place quickly and securely.

Branch Details

Merger Update

You might recall that Bihar Gramin Bank was formed from the merger of two other Regional Rural Banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger brought these banks under one unified entity, Bihar Gramin Bank, with Punjab National Bank (PNB) as its sponsor bank. As a result of this merger, all branches now operate under new, unified IFSC codes. For the Hussainganj branch of Bihar Gramin Bank, the valid IFSC code is PUNB0MBGB06.

It is important to note that any old IFSC codes previously used for branches under Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid. For any electronic fund transfers to or from the Hussainganj branch, you must use PUNB0MBGB06. Using an old or incorrect IFSC code will result in your transaction failing.

Understanding the IFSC Code

The IFSC, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers. Think of it as a specific address for a bank branch within the vast Indian financial network. Let’s break down the code for the Hussainganj branch, PUNB0MBGB06:

• The first four characters, “PUNB”, identify the bank. In this case, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always “0” (zero). This character is reserved for future use and helps maintain a uniform structure across all IFSC codes.
• The last six characters, “MBGB06”, uniquely identify the specific branch. “MBGB” likely signifies the ‘Middle Bihar Gramin Bank’ (as a part of the unified entity), and “06” is the specific branch identifier for Hussainganj.

How to Use the IFSC Code for Transfers

The IFSC code is crucial for initiating various electronic fund transfers. Here’s how you’ll typically use it for NEFT, RTGS, and IMPS transactions:

1. Gather Beneficiary Details: Before starting a transfer, you’ll need the recipient’s full name, their bank account number, and the correct IFSC code for their bank branch.
2. Log In to Your Banking Platform: Access your online banking portal or mobile banking app.
3. Navigate to Fund Transfer Section: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
4. Add New Beneficiary (if applicable): If you’re sending money to this recipient for the first time, you’ll need to add them as a new beneficiary. This involves entering their name, account number, and the IFSC code. The system often auto-fills the bank and branch name once you enter a valid IFSC.
5. Initiate Transfer: Select the beneficiary, enter the amount you wish to transfer, and choose the transfer type (NEFT, RTGS, or IMPS).
6. Verify Details: Always double-check all the details, especially the account number and IFSC code, before confirming the transaction. An incorrect IFSC code could lead to the transaction failing or, in rare cases, funds going to the wrong account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, and the branches you frequently send money to, offers several important benefits:

• It is mandatory for all electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).
• It ensures your money reaches the correct bank and branch, preventing errors and misdirected funds.
• It speeds up the processing time for inter-bank transactions, as the code quickly identifies the destination.
• It is a key security feature, helping to authenticate the receiving branch for online transactions.
• It is often required when setting up recurring payments or direct debits from your account.

Contact Information

If you need to get in touch with Bihar Gramin Bank, Hussainganj branch, or their head office, here are the details:

• Branch Phone Number: 9297954446
• Branch Address: Hussainganj, SIWAN, 841237, BIHAR
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions About IFSC Codes

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

A: No, while the first five characters (PUNB0) are common across all Bihar Gramin Bank branches due to Punjab National Bank being the sponsor bank, the last six characters are unique to each individual branch. For example, Hussainganj branch uses PUNB0MBGB06, while another branch would have a different last six digits.

Q: Can I still use the old IFSC codes for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?

A: No, you cannot. Following the merger that formed Bihar Gramin Bank, all old IFSC codes for UBGB and DBGB branches have been revoked. You must use the new, updated IFSC codes, like PUNB0MBGB06 for the Hussainganj branch, for all electronic transactions.

Q: What happens if I enter an incorrect IFSC code during a transaction?

A: Most commonly, if the IFSC code does not match the beneficiary’s account number or bank, the transaction will simply fail. The funds will not leave your account, and you will receive an error message. However, in rare cases, if an incorrect IFSC code happens to match another valid account at a different branch, funds could be misdirected. Always verify the IFSC code carefully.

Q: Where can I find the correct IFSC code for my bank branch?

A: You can usually find your branch’s IFSC code printed on your cheque book, on the front page of your bank passbook, or by logging into your bank’s official website or mobile banking app. Many trusted third-party financial websites also provide IFSC code look-up services.

Q: Do I need an IFSC code for cash deposits or withdrawals at the branch?

A: No, the IFSC code is primarily for electronic fund transfers between different banks or branches. For cash deposits or withdrawals made directly at your branch, you typically only need your account number and valid identification.

Kriti Kumari

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.