Bihar Gramin Bank Khudiram Bose Pusa IFSC Code

Welcome to the guide for the Bihar Gramin Bank branch located in Khudiram Bose Pusa, Samastipur. This information will help you understand how to manage your financial transactions. The Indian Financial System Code, or IFSC, is a critical piece of information for any electronic money transfer. It is essential for sending or receiving funds through systems like NEFT, RTGS, and IMPS, ensuring your money reaches the correct bank and branch without issues.

Branch Details

Here are the specific details for the Bihar Gramin Bank branch in Khudiram Bose Pusa:

Bank Name	Bihar Gramin Bank
Branch Name	Khudiram Bose Pusa
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3967
Branch Address	Khudiram Bose Pusa, Samastipur, 848131, 9955997882
Contact Number	9955997882
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848131
State	Bihar

Merger Update

Bihar Gramin Bank is a result of a significant merger in the regional rural banking sector. Previously, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) served different regions in Bihar. These banks have now merged to form Bihar Gramin Bank. Crucially, all branches of the new Bihar Gramin Bank, including the Khudiram Bose Pusa branch, now operate under a unified IFSC code: PUNB0MBGB06. This code is sponsored by Punjab National Bank. If you previously used an IFSC code associated with UBGB or DBGB for any transaction, please note that those old codes are now revoked. Only the new IFSC code, PUNB0MBGB06, is valid for all electronic fund transfers.

What is an IFSC Code?

An IFSC code stands for the Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in online money transfers. Understanding its structure can be helpful:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish bank codes from branch codes.
• The last six characters identify the specific branch. In our example, “MBGB06” points to the Khudiram Bose Pusa branch of Bihar Gramin Bank.

This unique code ensures that when you send money, it goes to the correct bank and the exact branch you intend.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re making an electronic fund transfer. Here’s how it generally works for common transfer methods:

• For NEFT (National Electronic Funds Transfer): This system processes transactions in batches. When initiating a NEFT transfer, you’ll need the beneficiary’s name, account number, bank name, and the correct IFSC code (PUNB0MBGB06 for this branch). The funds are typically credited on the same day or the next working day, depending on the cut-off times.
• For RTGS (Real Time Gross Settlement): RTGS is for high-value transactions and processes payments individually in real-time. Similar to NEFT, you’ll provide the beneficiary’s name, account number, bank name, and the IFSC code. The money is transferred almost instantly.
• For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. You’ll need the beneficiary’s mobile number and MMID (Mobile Money Identifier), or their account number and IFSC code. For transfers using account number and IFSC, you’ll input PUNB0MBGB06 along with the other beneficiary details.

Always double-check the IFSC code and the beneficiary’s account number before confirming any transaction to avoid errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several advantages:

• Accurate Transfers: It guarantees that your money reaches the intended beneficiary’s specific bank branch, reducing the risk of misdirected funds.
• Faster Processing: The unique identification by the IFSC code helps in quick processing of electronic transactions like NEFT, RTGS, and IMPS.
• Branch Identification: It serves as a clear and unique identifier for each individual bank branch across India.
• Enhanced Security: By precisely identifying the destination branch, it adds a layer of security to your online transactions.
• Facilitates Online Banking: The IFSC code is a fundamental requirement for most online banking services and mobile banking apps when setting up a new beneficiary or making a transfer.

Contact Information

For any queries or assistance, you can reach out using the following details:

• Branch Phone Number: 9955997882
• Branch Address: Khudiram Bose Pusa, Samastipur, 848131
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: What happens if I use an old IFSC code for Bihar Gramin Bank?
A1: If you try to use an old IFSC code (e.g., from the former UBGB or DBGB), your transaction will likely fail. The banking system only recognizes the current, merged IFSC code, which is PUNB0MBGB06.

Q2: Is the fifth character of an IFSC code always zero?
A2: Yes, the fifth character of every IFSC code is always a zero. This is a standard part of the code’s structure, reserved for future use by the Reserve Bank of India.

Q3: Can I find the IFSC code online?
A3: Absolutely. You can find IFSC codes on the official websites of banks, the Reserve Bank of India’s website, or through many reliable third-party financial service websites. Always cross-check the information to ensure accuracy.

Q4: What is the difference between an IFSC code and a MICR code?
A4: An IFSC code (Indian Financial System Code) is used for electronic fund transfers like NEFT, RTGS, and IMPS. A MICR code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing cheques. It helps in speedy and accurate processing of physical cheques.

Q5: Does the IFSC code PUNB0MBGB06 work for all types of electronic transfers?
A5: Yes, the IFSC code PUNB0MBGB06 is valid and required for all major electronic fund transfer methods, including NEFT, RTGS, and IMPS, when sending money to or receiving money from the Bihar Gramin Bank, Khudiram Bose Pusa branch.