Bihar Gramin Bank JAITIPUR IFSC Code

This article provides essential details about the Bihar Gramin Bank branch located in JAITIPUR, Nalanda, Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is crucial for various online money transfers. Whether you are sending funds through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the correct IFSC code ensures your transaction reaches the intended recipient without delay.

Branch Details

Here are the key details for the Bihar Gramin Bank branch in JAITIPUR:

Bank Name	Bihar Gramin Bank
Branch Name	JAITIPUR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6954
Branch Address	JAITIPUR, Nalanda, 801303, 7091596954
Contact Number	7091596954
City	Nalanda
District	Nalanda
Region	BIHARSHARIF
Pincode	801303
State	Bihar

Merger Update

The original Bihar Gramin Bank, to which the JAITIPUR branch belonged, has undergone a merger. It is now part of the Madhya Bihar Gramin Bank. This new entity is sponsored by Punjab National Bank.

Therefore, for all financial transactions related to the JAITIPUR branch that was formerly Bihar Gramin Bank, you must use the updated IFSC code: PUNB0MBGB06.

It is important to note that any old IFSC codes previously associated with the former Bihar Gramin Bank are now revoked and are no longer valid for processing transactions. Always use the current IFSC code PUNB0MBGB06 to ensure your fund transfers are successful.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character code. It identifies every bank branch in India participating in online money transfers.

The structure of an IFSC code helps in routing transactions correctly:

• The first four characters are alphabetic and represent the bank’s name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank (the sponsor bank).
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between different types of transactions.
• The last six characters are alphanumeric and uniquely identify the specific bank branch. In this case, “MBGB06” points to a branch of Madhya Bihar Gramin Bank.

How to Use an IFSC Code

You will need the IFSC code when setting up beneficiaries or initiating online fund transfers through NEFT, RTGS, or IMPS. Here’s how it generally works:

1. Log In: Access your internet banking portal or mobile banking app.
2. Select Transfer Type: Choose the type of transfer you want to make (NEFT, RTGS, or IMPS).
3. Add Beneficiary (if new): If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter Beneficiary Details: Provide the beneficiary’s name, account number, bank name (Madhya Bihar Gramin Bank), and the correct IFSC code (PUNB0MBGB06).
5. Verify and Confirm: Double-check all details, especially the account number and IFSC code, before confirming the transaction. An incorrect IFSC can lead to delays or funds being sent to the wrong account.

Benefits of Knowing the IFSC Code

Having the correct IFSC code for your bank branch, or for someone you need to pay, offers several advantages:

• Facilitates Online Transfers: It is essential for all types of electronic fund transfers like NEFT, RTGS, and IMPS.
• Ensures Accuracy: The unique code helps route your money to the exact bank and branch, reducing errors.
• Faster Processing: Correct IFSC codes help banks process transactions quickly and efficiently.
• Required for Payment Gateways: Many online payment platforms and e-commerce sites require the IFSC for direct bank transfers.
• Access to Banking Services: Essential for receiving salaries, pension, or other direct benefits into your account.

Contact Information

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

• Branch Phone Number: 7091596954
• Branch Address: JAITIPUR, Nalanda, 801303, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the current IFSC code for Bihar Gramin Bank, JAITIPUR branch?
A1: The current IFSC code is PUNB0MBGB06. This is for the Madhya Bihar Gramin Bank, which the former Bihar Gramin Bank is now a part of.

Q2: Can I still use an old IFSC code for Bihar Gramin Bank, JAITIPUR?
A2: No, any old IFSC codes associated with the former Bihar Gramin Bank are no longer valid. You must use PUNB0MBGB06 for all transactions.

Q3: What do the letters “PUNB” in PUNB0MBGB06 signify?
A3: “PUNB” stands for Punjab National Bank. This indicates that Punjab National Bank is the sponsor bank for Madhya Bihar Gramin Bank.

Q4: Is the MICR code also important for online transfers?
A4: The MICR (Magnetic Ink Character Recognition) code (800811002 for this branch) is primarily used for clearing paper-based instruments like cheques. For online fund transfers (NEFT, RTGS, IMPS), the IFSC code is the main identifier needed.

Q5: Where can I find the IFSC code if I don’t have it handy?
A5: You can usually find the IFSC code printed on your bank passbook or cheque book. It is also available on the bank’s official website, through mobile banking apps, or by contacting the branch directly.