The Bihar Gramin Bank branch in Jadu Paran, Samastipur, Bihar, plays an important role for local residents and businesses. When you need to send or receive money electronically, understanding a few key codes is essential. The IFSC code, or Indian Financial System Code, is crucial for secure online fund transfers. It makes sure your money goes to the correct bank and branch, whether you are using systems like NEFT, RTGS, or IMPS.
Branch Details
Here are the specific details for the Bihar Gramin Bank, Jadu Paran branch:
| Bank Name | Bihar Gramin Bank |
| Branch Name | Jadu Paran |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3985 |
| Branch Address | Jadu Paran, Samastipur, 848101 |
| Contact Number | 9955035849 |
| City | Samastipur |
| District | Samastipur |
| Pincode | 848101 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
Bihar Gramin Bank is a regional rural bank. It was formed from the merger of earlier regional rural banks, including Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, the bank operates under the sponsorship of Punjab National Bank.
It is important to note that all old IFSC codes belonging to the former Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. For any transactions with Bihar Gramin Bank, including the Jadu Paran branch, you must use the new and unified IFSC code: PUNB0MBGB06. This is the only valid code for processing online fund transfers to any branch of Bihar Gramin Bank now.
What is an IFSC Code?
The IFSC Code stands for Indian Financial System Code. It is a unique 11-character alphanumeric code. The Reserve Bank of India (RBI) assigns these codes to identify each bank branch in India. This ensures that every online fund transfer reaches the correct destination without errors.
The 11 characters of the IFSC code follow a specific structure:
- The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank (the sponsor bank).
- The fifth character is always ‘0’ (zero). This is kept for future use.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the specific branch or region of the bank.
This detailed structure helps financial systems accurately route payments.
How to Use the IFSC Code for Fund Transfers
Knowing the IFSC code is essential for various types of electronic fund transfers. Here’s how you use it:
- NEFT (National Electronic Funds Transfer): This system allows funds to be transferred from one bank to another. When you initiate a NEFT transaction through your bank’s online portal or mobile app, you will need to provide the recipient’s bank name, account number, account holder’s name, and the IFSC code of their branch (e.g., PUNB0MBGB06).
- RTGS (Real Time Gross Settlement): RTGS is used for large-value transactions, typically above ₹2 lakh. Like NEFT, for an RTGS transfer, you’ll enter the recipient’s bank name, account number, account holder’s name, and the specific IFSC code of their branch. The funds are settled in real-time.
- IMPS (Immediate Payment Service): IMPS offers instant, 24/7 interbank electronic fund transfers. When making an IMPS payment, you will either need the recipient’s mobile number and MMID, or their bank account number and the IFSC code of their branch.
In all these systems, the IFSC code acts like a precise address. It guarantees that your money is sent to the exact branch you intend.
Benefits of Knowing Your IFSC Code
Understanding and having easy access to your bank’s IFSC code offers several practical advantages:
- Error-Free Transfers: It ensures that your online fund transfers reach the correct recipient bank branch, minimizing the risk of errors.
- Faster Processing: Correct IFSC codes help speed up the processing of NEFT, RTGS, and IMPS transactions.
- Digital Banking Convenience: It simplifies online banking and mobile banking operations, making it easier to manage your money from anywhere.
- Required for Online Transactions: The IFSC code is a mandatory detail for setting up beneficiaries for any online money transfers.
- Utility Bill Payments: Some online bill payment platforms also require the IFSC code for certain transactions.
Contact Information
If you need to get in touch with Bihar Gramin Bank or its Jadu Paran branch, here are the contact details:
- Jadu Paran Branch Phone Number: 9955035849
- Jadu Paran Branch Address: Jadu Paran, Samastipur, 848101, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
What is the full form of IFSC?
IFSC stands for Indian Financial System Code. It is a unique code used to identify bank branches for electronic money transfers.
Is the IFSC code the same as the MICR code?
No, IFSC and MICR codes are different. The IFSC code is used for online fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is an 9-digit code primarily used for processing cheques.
Can I use an old IFSC code for Bihar Gramin Bank (like UBGB or DBGB’s old codes)?
No, you cannot. Following the merger, all previous IFSC codes for Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. You must use the new unified IFSC code, PUNB0MBGB06, for all transactions with Bihar Gramin Bank branches.
Where can I find the IFSC code for my bank branch?
You can usually find the IFSC code printed on your cheque book. It is also available on your bank’s official website, through your net banking portal, or by contacting your branch directly.
Why is the fifth character of an IFSC code always zero?
The fifth character of an IFSC code is reserved as a ‘0’ (zero) by the Reserve Bank of India. This is kept for future use, allowing for expansion or changes in the banking system if needed.
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.