Bihar Gramin Bank LODIPUR IFSC Code

The Lodipur branch of Bihar Gramin Bank is located in the Bhojpur 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 code acts like a digital address, ensuring that electronic fund transfers such as NEFT, RTGS, and IMPS are routed correctly and securely to the intended bank branch without any errors.

Branch Details

Merger and IFSC Update

Bihar Gramin Bank was formed through the amalgamation of two separate regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merged entity is sponsored by Punjab National Bank (PNB). As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB have been revoked and are no longer valid. For all transactions, customers must now use the new IFSC codes. For the Lodipur branch, the correct and valid IFSC code is PUNB0MBGB06.

What is an IFSC Code?

The IFSC is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the electronic funds transfer network. The code has a specific structure that helps route payments accurately.

Let’s break down the Lodipur branch IFSC code, PUNB0MBGB06:

• PUNB: The first four characters represent the name of the bank. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters are the unique identifier for the specific branch. Here, ‘MBGB06’ identifies the Lodipur branch.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for online banking is straightforward. Whether you are using NEFT, RTGS, or IMPS, the process is largely the same. You will need to add the recipient as a “beneficiary” in your net banking portal first.

Here are the typical steps:

1. Log in to your internet banking account or mobile banking app.
2. Navigate to the “Fund Transfer” section and select the payment method (NEFT, RTGS, or IMPS).
3. Choose the option to “Add a New Beneficiary” or “Payee.”
4. Enter the recipient’s details: their name, account number, and the bank’s IFSC code, which is PUNB0MBGB06 for the Lodipur branch.
5. After the beneficiary is successfully added (some banks have a cooling-off period), you can initiate the transfer by entering the amount and confirming the transaction.

Benefits of Using the IFSC Code

• Accuracy: The primary benefit is ensuring your money reaches the exact intended bank branch, eliminating transfer errors.
• Speed: It enables automated processing, making fund transfers through NEFT, RTGS, and IMPS much faster than traditional methods like cheques or demand drafts.
• Security: The system provides a secure and reliable channel for transferring funds electronically between banks.
• Accessibility: IFSC codes make it possible to send or receive money from anywhere in the country, 24/7, using a mobile phone or computer.

Contact Information

For direct assistance, you can reach out to the branch or the bank’s head office.

• Branch Phone Number: 7091596965
• Branch Address: LODIPUR, Bhojpur, Bihar – 802161
• Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?

No. After the merger, all old IFSC codes for both DBGB and UBGB are invalid. You must use the new IFSC code, PUNB0MBGB06, for any transactions with the Lodipur branch.

2. Which is the sponsor bank for Bihar Gramin Bank?

Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank.

3. What happens if I accidentally use an incorrect IFSC code?

If the incorrect IFSC code does not exist, the transaction will be rejected, and the money will be credited back to your account. However, if the code matches another valid bank branch, the funds could be sent there, leading to a complicated and lengthy process to recover the money. Always double-check the code before confirming a transaction.

4. Is the IFSC code required for UPI payments?

No, UPI (Unified Payments Interface) transactions do not require an IFSC code. They operate using a Virtual Payment Address (VPA), like yourname@bank, which is linked directly to your bank account.

5. What is the main difference between NEFT, RTGS, and IMPS?

IMPS (Immediate Payment Service) is instant and available 24/7. NEFT (National Electronic Funds Transfer) processes transactions in half-hourly batches and is also available 24/7. RTGS (Real-Time Gross Settlement) is for high-value transactions (minimum ₹2 lakh) and settles transfers instantly on a one-to-one basis during banking hours.

Kriti Kumari

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.