Bihar Gramin Bank Machharganwa IFSC Code

In the heart of West Champaran, Bihar, lies the Machharganwa branch of Bihar Gramin Bank. For anyone looking to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. This unique code is essential for various digital payment methods, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures that your money reaches the correct bank and branch without any issues.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Machharganwa
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100193
Branch Address	Machharganwa, WEST CHAMPARAN, 845452, 9297954059
Contact Number	9297954059
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Region	BETTIAH
Pincode	845452
State	Bihar

Merger Update

Bihar Gramin Bank, like many regional rural banks, has seen changes through mergers to strengthen its operations. If this branch was previously under the Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it is important to know that these banks have merged into new entities over time. Their original IFSC codes have been revoked.

Today, all transactions for this Machharganwa branch of Bihar Gramin Bank use one single, unified IFSC code: PUNB0MBGB06. This code is issued under the sponsorship of Punjab National Bank, reflecting its role as the lead sponsor for Bihar Gramin Bank. Always use this new code for any electronic fund transfers to ensure your money is processed correctly. Using old IFSC codes from former entities will cause your transaction to fail.

What is IFSC Code?

The IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers in India. This code is crucial for directing funds to the right place.

The 11 characters of an IFSC code follow a specific structure:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” indicates Punjab National Bank (the sponsoring bank).
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate between bank codes and branch codes.
• The last six characters identify the specific branch. In our example, “MBGB06” identifies the Machharganwa branch of Bihar Gramin Bank.

This standardized system helps the Reserve Bank of India (RBI) manage and track all electronic fund transfers across the country.

How to Use IFSC Code

Using an IFSC code is straightforward when you are making an electronic fund transfer. Here are the steps for common services like NEFT, RTGS, and IMPS:

1. Log in to your online banking portal or mobile banking app: Access your bank account through your preferred digital method.
2. Select the type of transfer: Choose the option for NEFT, RTGS, or IMPS, depending on the amount and urgency of your transfer.
3. Add a new beneficiary (receiver): If you haven’t sent money to this person before, you will need to add them as a beneficiary.
4. Enter beneficiary details: This typically includes:
   • The beneficiary’s full name.
   • The beneficiary’s bank account number.
   • Confirm the account number by re-entering it.
   • The correct IFSC code for the beneficiary’s bank branch – in this case, PUNB0MBGB06 for the Machharganwa branch.
5. Enter the amount: Specify how much money you wish to transfer.
6. Confirm and authorize: Review all the details carefully to ensure accuracy, then authorize the transaction, often using an OTP (One-Time Password) or transaction password.

The system uses the IFSC code to route your money to the correct bank and specific branch, ensuring a smooth transfer.

Benefits

Knowing and using the correct IFSC code offers several important benefits for secure and efficient financial transactions:

• Accuracy in Fund Transfers: It ensures that your money goes to the correct bank branch, preventing funds from being misdirected.
• Enables Electronic Transfers: The IFSC code is mandatory for all inter-bank electronic fund transfers, including NEFT, RTGS, and IMPS, making digital banking possible.
• Faster Processing: By uniquely identifying the branch, it speeds up the processing of transactions, allowing funds to reach the recipient quicker.
• Increased Security: It adds a layer of security by verifying the destination branch, reducing the risk of fraud.
• Standardized System: The code provides a uniform identification system across all banks in India, making cross-bank transactions reliable.

Contact Section

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

• Branch Phone Number: 9297954059
• Branch Address: Machharganwa, WEST CHAMPARAN, 845452, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank sponsor): 18001807777

FAQs Section

Q1: What does “PUNB” in the IFSC code PUNB0MBGB06 stand for?
A1: “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank. It indicates that Punjab National Bank is the main sponsor behind the regional rural bank’s operations and digital infrastructure.

Q2: Why is the fifth character in the IFSC code always zero?
A2: The fifth character in the IFSC code is always a ‘0’ (zero). This character is reserved for future use by the Reserve Bank of India. It also serves as a control digit, helping to differentiate the bank identifier from the branch identifier.

Q3: What happens if I use an incorrect IFSC code for a transaction?
A3: If you use an incorrect IFSC code, the transaction will most likely fail immediately. The bank’s system will not be able to identify a valid destination branch. In very rare cases, if the wrong code happens to match another valid branch, funds might be transferred incorrectly. Always double-check the IFSC code before confirming a transaction.

Q4: Can I find the IFSC code on my bank passbook or chequebook?
A4: Yes, the IFSC code is typically printed on your bank passbook. It is also found on cheque leaves issued by the bank. Additionally, you can find the correct IFSC code on the bank’s official website or through their customer service.

Q5: Is an IFSC code required for cash deposits or withdrawals at the branch?
A5: No, the IFSC code is only needed for electronic fund transfers between different banks, such as NEFT, RTGS, and IMPS. It is not required for cash deposits, cash withdrawals, or other transactions conducted physically at your own bank branch.