Bihar Gramin Bank Lagunia Surajkanth IFSC Code

When you need to send or receive money electronically in Lagunia Surajkanth, Samastipur, knowing the correct bank details is very important. For digital fund transfers through methods like NEFT, RTGS, and IMPS, a specific code called the IFSC code is essential. This unique code helps identify the exact bank and branch involved in your transaction, ensuring your money goes to the right place quickly and securely.

Branch Details

Here are the important details for the Bihar Gramin Bank branch in Lagunia Surajkanth:

Bank Name	Bihar Gramin Bank
Branch Name	Lagunia Surajkanth
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3977
Branch Address	Lagunia Surajkanth, Samastipur, 848101
Contact Number	9955991585
City	Samastipur
District	Samastipur
Pincode	848101
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed by the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger means that all branches, including Lagunia Surajkanth, now operate under a unified structure. The bank is sponsored by Punjab National Bank.

Because of this merger, all previous IFSC codes for Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank branches are no longer valid. For any electronic fund transfers to or from the Lagunia Surajkanth branch of Bihar Gramin Bank, you must use the new, standardized IFSC code: PUNB0MBGB06. Using any old IFSC codes will result in failed transactions.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch in India participating in online money transfers.

The code helps in routing money to the correct bank and branch.

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the Lagunia Surajkanth branch.

When you initiate an online transfer, this code acts like an address, guiding your funds to the right destination without errors.

How to Use the IFSC Code

You will need the IFSC code for several types of electronic fund transfers. Here’s how you generally use it:

• NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches. When you set up a new beneficiary for NEFT, you will enter their bank account number, account holder’s name, and the correct IFSC code. The system uses the IFSC to direct the funds to the beneficiary’s specific bank branch.
• RTGS (Real Time Gross Settlement): RTGS is for large value transactions, typically Rs. 2 lakh and above, processed individually and immediately. Similar to NEFT, you need the beneficiary’s account number, name, and the IFSC code to ensure the funds are settled in real-time at the correct branch.
• IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. For IMPS, you will often use either the beneficiary’s account number and IFSC code, or their mobile number and MMID (Mobile Money Identifier). The IFSC code identifies the destination bank branch for direct account transfers.

Always double-check the IFSC code, along with the account number, before confirming any transaction to avoid sending money to the wrong recipient.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the branch you are sending money to, offers several advantages:

• It ensures your online fund transfers are processed accurately.
• It speeds up transactions, allowing money to reach the recipient’s account quickly.
• It prevents errors and reduces the risk of funds being sent to an incorrect account.
• It is mandatory for initiating NEFT, RTGS, and IMPS transactions.
• It helps track the flow of money efficiently within the banking system.
• It provides a standardized way to identify bank branches across India.

Contact Information

If you need to get in touch with Bihar Gramin Bank, Lagunia Surajkanth branch or the head office, here are the details:

• Branch Phone Number (Lagunia Surajkanth): 9955991585
• Branch Address (Lagunia Surajkanth): Lagunia Surajkanth, Samastipur, 848101
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, Lagunia Surajkanth branch?

A1: The IFSC code for the Bihar Gramin Bank, Lagunia Surajkanth branch is PUNB0MBGB06.

Q2: Why is the IFSC code PUNB0MBGB06 for Bihar Gramin Bank, Lagunia Surajkanth?

A2: Bihar Gramin Bank was formed by the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. It is sponsored by Punjab National Bank (PNB). Therefore, all its branches now use a standardized IFSC code starting with “PUNB” for PNB, followed by “0MBGB06” which identifies the specific branch.

Q3: Can I still use the old IFSC codes for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches?

A3: No, all old IFSC codes for Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank branches have been revoked. You must use the new unified IFSC code, such as PUNB0MBGB06 for Lagunia Surajkanth, for any electronic transactions.

Q4: Is the MICR code necessary for online fund transfers like NEFT or IMPS?

A4: No, the MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. For online fund transfers like NEFT, RTGS, or IMPS, the IFSC code is the essential identifier along with the beneficiary’s account number.

Q5: What should I do if my online transfer fails due to an incorrect IFSC code?

A5: If your transfer fails because of an incorrect IFSC code, the money will typically be reversed to your account within a few hours or a business day. Always re-check the IFSC code and account number with the beneficiary before attempting the transfer again.