The Bihar Gramin Bank branch at Madhepur (Madhubani district, Bihar — PIN 847408) serves local customers for deposits, withdrawals and electronic payments. For any NEFT, RTGS or IMPS fund transfer to this branch you must use the correct IFSC code. The IFSC is a unique identifier that routes electronic payments to the exact bank and branch, preventing misdirected transfers and delays.
Branch Details Table
| Bank Name | Bihar Gramin Bank |
| Branch Name | Madhepur |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100398 |
| Branch Address | Madhepur, MADHUBANI, 847408, 9297954927 |
| Contact Number | 9297954927 |
| City | MADHUBANI |
| District | MADHUBANI |
| Reason | JHANJHARPUR |
| Pincode | 847408 |
| State | Bihar |
Merger Update
This branch now uses the single IFSC code PUNB0MBGB06. Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were consolidated into the current structure and banking operations use the Punjab National Bank–linked IFSC shown above. Old UBGB IFSC codes have been revoked; only the new IFSC PUNB0MBGB06 is valid for NEFT, RTGS and IMPS transactions. If you have older beneficiary entries with UBGB IFSCs, update them before initiating transfers.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to route electronic payments to specific bank branches. Its structure:
- First 4 characters: Alphabetic bank identifier (example: PUNB = Punjab National Bank).
- 5th character: Always the digit 0 (reserved for future use).
- Last 6 characters: Branch identifier (can be letters or numbers). In PUNB0MBGB06, the last six characters identify the Madhepur branch.
How to Use IFSC Code (NEFT, RTGS, IMPS)
Steps to make a successful transfer:
- Open your bank’s netbanking app or mobile banking and choose the transfer method (NEFT/RTGS/IMPS).
- Select “Add beneficiary” (if not already added).
- Enter the beneficiary name exactly as on their account.
- Enter the beneficiary account number (double-check digits) and enter the IFSC: PUNB0MBGB06.
- Verify the branch name (Madhepur, MADHUBANI) shown by your app after entering IFSC to ensure it matches.
- Choose the transfer amount and confirm. For RTGS choose if your bank asks for high-value transfers; IMPS is instant for retail-sized payments; NEFT is commonly used for standard transfers.
- Authenticate the transaction with OTP or token as required by your bank.
- Save the beneficiary only after confirmation—this avoids retyping errors for future transfers.
Always confirm the beneficiary account number and IFSC before sending. If in doubt, call the branch at 9297954927.
Benefits of Knowing the IFSC
- Ensures funds reach the correct branch and account without delay.
- Required information for NEFT, RTGS and IMPS online transfers.
- Helps banks reconcile and trace transactions faster in case of disputes.
- Makes it safe to add beneficiaries in netbanking and mobile apps.
- Prevents failed transfers and reversal delays caused by incorrect routing.
Contact
Branch phone no: 9297954927
Branch Address: Madhepur, MADHUBANI, 847408
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777
FAQs
Q: What is the correct IFSC to use for transfers to Bihar Gramin Bank, Madhepur?
A: Use PUNB0MBGB06. This is the valid IFSC for NEFT, RTGS and IMPS to the Madhepur branch.
Q: I have an old UBGB IFSC saved. Can I use it?
A: No. Old UBGB IFSC codes have been revoked. You must update the beneficiary record to PUNB0MBGB06 before making a transfer.
Q: What if I enter the wrong IFSC but the account number is correct?
A: The IFSC routes the payment to a branch. If the IFSC does not match the account number’s bank/branch, the transaction can fail or be returned. Banks may need time to trace and reverse a misrouted payment—contact your bank immediately.
Q: How quickly will money arrive after I transfer using NEFT/RTGS/IMPS?
A: IMPS is real-time and usually instant. RTGS processes high-value payments with near-real-time settlement. NEFT is processed by interbank settlement systems and typically completes within the bank’s clearing schedule; timings vary by bank. Check with your bank for expected cut-offs and settlement windows.
Q: What is the difference between IFSC and MICR?
A: IFSC directs electronic transfers to a specific bank branch (used for NEFT/RTGS/IMPS). MICR (Magnetic Ink Character Recognition) is a 9-digit code used primarily to speed up processing of physical cheques through clearing systems.
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.