The Bihar Gramin Bank branch at Khatauna Bazar is located in Madhepura district of Bihar (City: MADHUBANI, District: MADHUBANI, Pincode: 847227). This IFSC code is essential for electronic fund transfers. Use it when sending money via NEFT, RTGS or IMPS to ensure funds reach the correct branch and account. Entering the correct IFSC avoids delays, reversals, and failed transactions.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Khatauna Bazar |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100384 |
| Branch Address | Khatauna Bazar, MADHUBANI, 847227, 9297954924 |
| Contact Number | 9297954924 |
| City | MADHUBANI |
| District | MADHUBANI |
| Reason | JHANJHARPUR |
| Pincode | 847227 |
| State | Bihar |
Merger Update
Important: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged into a single entity under Punjab National Bank. All affected branches now operate with the IFSC code PUNB0MBGB06. Old UBGB and DBGB IFSC codes have been revoked. For NEFT, RTGS and IMPS transfers, use only the new IFSC PUNB0MBGB06. Transactions attempted with revoked IFSC codes will fail or be returned.
What is IFSC Code?
The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in electronic payments.
- First 4 characters: Bank identifier (for example, PUNB = Punjab National Bank).
- 5th character: Always 0 (reserved for future use).
- Last 6 characters: Branch code that points to the specific branch (for example, MBGB06 identifies the Khatauna Bazar branch under the current mapping).
- Example: PUNB0MBGB06 — PUNB = bank, 0 = reserved, MBGB06 = branch identifier.
How to Use IFSC Code
- Choose the payment mode in your bank app or internet banking: NEFT, RTGS or IMPS.
- Enter the beneficiary name and account number exactly as provided by the recipient.
- Type the IFSC code: PUNB0MBGB06. Double-check characters; IFSC is case-insensitive but must be exact.
- Enter the amount and an optional message or transaction remark.
- Verify all details on the confirmation screen and submit. Note the transaction reference for future tracking.
- If the bank asks for branch address or MICR, use the MICR code 800811002 and the branch address shown above.
Benefits
- Accurate routing: IFSC directs the payment to the correct branch and avoids misroutes.
- Faster processing: Electronic systems use IFSC to automate NEFT/RTGS/IMPS routing.
- Reduced errors: Using the right IFSC lowers the chance of delays and reversals.
- Essential for online banking: Most apps require IFSC for adding beneficiaries.
- Audit trail: IFSC helps banks trace transactions to a branch for reconciliation.
Contact
Branch Phone: 9297954924
Branch Address: Khatauna Bazar, MADHUBANI, 847227
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free: 18001807777
FAQs
Q: Can I use the old UBGB IFSC for payments?
A: No. Old UBGB IFSC codes have been revoked after the merger. Use PUNB0MBGB06 for all transactions to this branch.
Q: What is the difference between IFSC and MICR?
A: IFSC is an 11-character code for electronic fund transfers (NEFT/RTGS/IMPS). MICR is a 9-digit code used mainly for cheque processing and clearing. For online transfers, IFSC is required; for cheque clearing, MICR (800811002) is used.
Q: What happens if I enter a wrong IFSC?
A: If the IFSC does not match any branch, the transfer will usually fail and the amount will be returned to the sender. If the IFSC points to a different branch but the account number belongs to the intended bank, the receiving bank may still route it correctly, but this can cause delays. Always verify IFSC and account number together.
Q: Are there limits or cut-off times for NEFT, RTGS and IMPS?
A: IMPS is instant and available 24×7 for supported amounts (limits depend on the remitter bank). NEFT runs in batches and is available round the clock (but settlement timing can vary). RTGS is for high-value instant transfers and usually operates during bank business hours; many banks now offer RTGS 24×7. Check your bank’s limits and cut-off details before transferring large sums.
Q: How can I verify this IFSC before sending money?
A: Verify directly with the branch phone number 9297954924 or confirm on your bank’s beneficiary-add screen. You can also ask the beneficiary to provide a recent bank statement or cancelled cheque that shows the IFSC and account details.
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.