Bihar Gramin Bank Laxmi Chowk IFSC Code

The Bihar Gramin Bank branch at Laxmi Chowk serves customers in Muzaffarpur, Bihar (PIN 844127). For electronic fund transfers—NEFT, RTGS, and IMPS—the correct IFSC code is essential. The IFSC routes funds to the right bank and branch in the national payment network. Using the wrong code can delay transfers or cause rejection, so verify the IFSC before you initiate a payment.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Laxmi Chowk
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108090
Branch Address	Laxmi Chowk, MUZAFFARPUR, 844127, 9297955697
Contact Number	9297955697
City	MUZAFFARPUR
District	MUZAFFARPUR
Reason	MUZAFFARPUR
Pincode	844127
State	Bihar

Merger Update

This branch now uses the single IFSC code PUNB0MBGB06 under Punjab National Bank. Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged into Punjab National Bank’s network for electronic payments. All old UBGB and DBGB IFSC codes have been revoked. Only the new IFSC (PUNB0MBGB06) is valid for NEFT, RTGS, and IMPS transactions. Do not use the old codes—payments sent to revoked IFSCs will fail or be returned.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character code used to identify bank branches in electronic transfers. The structure is standard:

• First 4 characters: Alphabetic bank code (example: PUNB = Punjab National Bank).
• 5th character: Always numeric zero (0) reserved for future use.
• Last 6 characters: Alphanumeric branch identifier (example: MBGB06 in PUNB0MBGB06).

So in PUNB0MBGB06: PUNB = bank, 0 = reserved, MBGB06 = Laxmi Chowk branch code under the merged structure.

How to Use IFSC Code

Follow these steps when transferring money via NEFT, RTGS, or IMPS:

1. Open your bank’s netbanking or mobile app and choose the fund transfer option (NEFT/RTGS/IMPS).
2. Select or add a beneficiary. Enter the beneficiary name and account number exactly as provided by them.
3. Enter the IFSC code: PUNB0MBGB06 for Bihar Gramin Bank, Laxmi Chowk.
4. Confirm the branch name displayed by the bank’s system. The system usually shows the bank and branch corresponding to the IFSC—check it matches “Laxmi Chowk / MUZAFFARPUR.”
5. Enter the amount and any required remarks. For RTGS, ensure the amount meets the minimum limit your bank requires for RTGS.
6. Verify all details and authenticate the transaction with OTP or banking password.
7. Save the beneficiary details if you will pay them again. Keep transaction receipts or reference numbers for records.

Note: If you mistype the IFSC, the transfer will usually fail. If you mistype the account number but the IFSC matches a different account, the transfer could go to a wrong account. Always double-check both account number and IFSC.

Benefits of Knowing the IFSC

• Faster electronic transfers: NEFT, RTGS, and IMPS route correctly when IFSC is accurate.
• Reduced error and delays: Correct IFSC reduces failed transactions and returns.
• Remote banking: You can send or receive money from anywhere without visiting the branch.
• Verification: Banks display branch details from IFSC so you can confirm beneficiary branch before sending.
• Supports multiple payment types: One code works for NEFT, RTGS, and IMPS.

Contact

Branch phone no: 9297955697

Branch Address: Laxmi Chowk, MUZAFFARPUR, 844127

Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll free no: 18001807777

FAQs

Q: Can I still use the old UBGB or DBGB IFSC codes for transfers?

A: No. The old UBGB and DBGB IFSC codes have been revoked after the merger. Use only the current IFSC PUNB0MBGB06 for transactions to this branch.

Q: Is IFSC the same as MICR?

A: No. IFSC is for electronic fund transfers and identifies the bank and branch. MICR (Magnetic Ink Character Recognition) is a 9-digit code used mainly for processing cheques by clearing houses. For electronic transfers you need IFSC, not MICR.

Q: What happens if I enter a wrong IFSC but correct account number?

A: Most systems check IFSC and account number together. If the IFSC does not match the account’s bank/branch, the transfer will usually be rejected. Some banks verify beneficiary details automatically. Always confirm the displayed branch name before proceeding.

Q: Which transfer method should I use—NEFT, RTGS, or IMPS?

A: Use IMPS for instant transfers up to the bank’s IMPS limit (24×7). NEFT handles batch transfers and is available throughout the day with near-immediate settlement windows. RTGS is for high-value transfers and settles in real time, typically used for larger amounts. Check your bank for exact limits and cut-off times.

Q: How do I confirm that a beneficiary’s IFSC and branch are correct before sending money?

A: Ask the beneficiary for their account number, branch name, and IFSC. When you enter the IFSC in your bank app, it usually shows the branch name. Match that to the beneficiary’s branch. For large payments, call the recipient or bank to verify details.