The Kharik Bazar branch of Bihar Gramin Bank is located in the Bhagalpur district of Bihar. For anyone looking to send or receive money through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code acts as a specific address for the branch, ensuring that online fund transfers through services like NEFT, RTGS, and IMPS are routed correctly and securely without any errors.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Kharik Bazar |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | Kharik Bazar, Bhagalpur, 853202 |
| Contact Number | 8102918749 |
| City | Bhagalpur |
| District | Bhagalpur |
| Region | BHAGALPUR |
| Pincode | 853202 |
| State | Bihar |
Important Merger Update
Following a major restructuring of regional rural banks in India, the former Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been amalgamated. These banks now operate under the sponsorship of Punjab National Bank (PNB). As a result of this merger, all previous IFSC codes, especially those associated with UBGB, have been revoked. For any online transaction to the Kharik Bazar branch, you must use the new, standardized IFSC code: PUNB0MBGB06. Using an old code will cause the transaction to fail.
What is an IFSC Code?
The IFSC is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer system. It is designed to prevent errors and ensure that money reaches its intended destination. The structure of the code is straightforward.
For the Kharik Bazar branch IFSC code PUNB0MBGB06:
- PUNB: The first four letters identify the sponsor bank, which is Punjab National Bank.
- 0: The fifth character is always a zero. It is reserved for future regulatory use.
- MBGB06: The final six characters represent the specific branch code, uniquely identifying the Kharik Bazar branch.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for digital payments is a simple process. Whether you are using NEFT for standard transfers, RTGS for high-value transactions, or IMPS for immediate payments, the steps are nearly identical.
- Log into Your Banking Portal: Access your account through your bank’s mobile app or official website.
- Add a Beneficiary: Navigate to the “Fund Transfer” section and choose to add a new payee or beneficiary.
- Enter Details: You will be prompted to enter the recipient’s name, bank account number, and the IFSC code of their branch. For this branch, you would enter PUNB0MBGB06.
- Verify and Confirm: The banking system will use the IFSC to verify the branch details. Once confirmed, you can proceed with the transfer.
- Initiate the Transfer: Enter the amount you wish to send and authorize the transaction using your password or PIN.
Why Knowing the Right IFSC Code Matters
- Ensures Accuracy: It directs your money to the exact branch, preventing transfers from being sent to the wrong location or getting delayed.
- Enables Digital Banking: The code is mandatory for all major online fund transfer methods in India, including NEFT, RTGS, and IMPS.
- Reduces Errors: It minimizes the risk of human error that can occur with manual, paper-based transactions like cheques or demand drafts.
- Speeds Up Transactions: Correct IFSC codes allow for automated processing, which makes fund transfers faster and more efficient.
Contact Information
For direct assistance, you can reach out to the branch or the bank’s head office.
- Branch Phone Number: 8102918749
- Branch Address: Kharik Bazar, Bhagalpur, 853202, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
1. Is PUNB0MBGB06 the IFSC code for all Bihar Gramin Bank branches?
No, this code is exclusive to the Kharik Bazar branch. Every bank branch has its own unique IFSC code to ensure transactions are routed correctly.
2. What will happen if I use an old, pre-merger IFSC code?
If you use an old or incorrect IFSC code, the transaction will almost certainly fail. The funds will be reversed and returned to your account, but this process can take several business days, causing unnecessary delays.
3. Can I use this IFSC code for receiving money from another country?
No. IFSC codes are only used for domestic fund transfers within India. For international money transfers, you will need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, which you can get from the bank.
4. Where can I find the IFSC code for my branch?
You can find your branch’s IFSC code printed on the cheque leaves of your chequebook, on the first page of your passbook, or by visiting the bank’s official website.
5. Do I need an IFSC code for UPI payments?
For most day-to-day UPI transactions made through a Virtual Payment Address (VPA), you do not need to enter an IFSC code. However, you will need it when you first link your bank account to a UPI application.
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.