Bihar Gramin Bank Machhargawa IFSC Code

The Bihar Gramin Bank branch in Machhargawa is an important financial hub for the community in East Champaran, Bihar. When you need to send or receive money electronically, especially through systems like NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) for this branch is essential. This unique code ensures your funds reach the right bank and branch account accurately and without delay.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Machhargawa
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100270
Branch Address	Machhargawa, EAST CHAMPARAN, 845417, 9297954710
Contact Number	9297954710
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Region	MOTIHARI
Pincode	845417
State	Bihar

Merger Update

The Bihar Gramin Bank, which the Machhargawa branch is a part of, was formed through a significant merger. Previously, there were two separate rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks merged to create the single entity we now know as Bihar Gramin Bank.

Following this merger, Bihar Gramin Bank operates under the sponsorship of Punjab National Bank. This means all its branches, including Machhargawa, now use IFSC codes that begin with “PUNB0”. The specific IFSC code for the Machhargawa branch is PUNB0MBGB06. It is crucial to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. For any fund transfers to or from the Machhargawa branch, only the new, unified IFSC code PUNB0MBGB06 should be used.

What is IFSC Code?

An IFSC code is an 11-character alpha-numeric code that uniquely identifies every bank branch participating in online fund transfers. It helps ensure that money sent electronically goes to the correct destination. Here’s how the code PUNB0MBGB06 is structured:

• The first four characters represent the bank name. In this case, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This character is reserved for future use and typically acts as a placeholder.
• The last six characters uniquely identify the specific bank branch. For the Machhargawa branch, these characters are “MBGB06”.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you’re making electronic fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service). Here are the general steps:

1. Log in to your banking platform: Access your net banking account or mobile banking app.
2. Select fund transfer: Choose the option for NEFT, RTGS, or IMPS, depending on your transfer needs.
3. Add Beneficiary: If you’re sending money to a new person or entity, you’ll need to add them as a beneficiary. This usually involves providing:
   • The beneficiary’s name
   • Their bank account number
   • Confirming their bank account number
   • The bank’s name (Bihar Gramin Bank)
   • The specific IFSC code for their branch (PUNB0MBGB06 for Machhargawa)
4. Enter transfer details: Once the beneficiary is added or selected, enter the amount you wish to transfer.
5. Review and confirm: Double-check all the details, especially the account number and IFSC code, to avoid errors.
6. Authorize transfer: Complete the transaction using your password, PIN, or OTP (One-Time Password).

Benefits

Knowing the correct IFSC code for the Bihar Gramin Bank, Machhargawa branch, offers several benefits:

• Accurate Fund Transfers: It ensures your money reaches the exact branch and account, reducing the risk of errors or delays.
• Faster Processing: IFSC codes are crucial for quick processing of NEFT, RTGS, and IMPS transactions, allowing funds to move rapidly.
• Seamless Online Transactions: It enables you to perform secure and convenient money transfers from the comfort of your home or on the go.
• Inter-Bank Connectivity: The code connects different banks across India, facilitating transfers between various financial institutions.
• Security: By uniquely identifying branches, the IFSC code adds an extra layer of security to electronic transactions.

Contact

For any inquiries related to the Machhargawa branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954710
• Branch Address: Machhargawa, EAST CHAMPARAN, 845417, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What is the complete IFSC code for the Bihar Gramin Bank Machhargawa branch?

A1: The complete IFSC code for the Bihar Gramin Bank Machhargawa branch is PUNB0MBGB06.

Q2: Why does the IFSC code for Bihar Gramin Bank start with “PUNB”?

A2: Bihar Gramin Bank operates under the sponsorship of Punjab National Bank. Therefore, its IFSC codes begin with “PUNB” to signify this association.

Q3: Can I still use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank for transactions?

A3: No, old IFSC codes from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid. You must use the new unified IFSC code, such as PUNB0MBGB06 for the Machhargawa branch, for all electronic transactions.

Q4: What types of bank transactions require an IFSC code?

A4: An IFSC code is essential for all electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service).

Q5: Is Bihar Gramin Bank Machhargawa connected to a larger national bank network?

A5: Yes, Bihar Gramin Bank, including its Machhargawa branch, is sponsored by Punjab National Bank, which is a major nationalized bank. This sponsorship links it to a larger national banking network for seamless financial operations.