Welcome! If you’re looking to send or receive money for the Bihar Gramin Bank MADHOBIGHA branch in Nawada, Bihar, understanding the IFSC code is crucial. This unique code helps ensure your bank transfers, whether through NEFT, RTGS, or IMPS, reach the correct branch and account without any issues. It acts like a digital address for the bank branch, making your transactions smooth and secure.
Branch Details
Here are the important details for the Bihar Gramin Bank branch located in MADHOBIGHA:
| Bank Name | Bihar Gramin Bank |
| Branch Name | MADHOBIGHA |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7288 |
| Branch Address | MADHOBIGHA, Nawada, 805123, 9771464288 |
| Contact Number | 9771464288 |
| City | Nawada |
| District | Nawada |
| Reason | NAWADA |
| Pincode | 805123 |
| State | Bihar |
Merger Update
Bihar Gramin Bank is a Regional Rural Bank (RRB) that plays an important role in rural banking. It was formed through the amalgamation of three other Regional Rural Banks: Bihar Kshetriya Gramin Bank, Kosi Kshetriya Gramin Bank, and Purnea Kshetriya Gramin Bank on January 1, 2019. The bank is sponsored by Punjab National Bank. This sponsorship is why its IFSC codes, including PUNB0MBGB06 for the MADHOBIGHA branch, start with ‘PUNB’. This prefix clearly links the bank to its sponsor.
It’s vital to remember that following such amalgamations and restructuring, older IFSC codes from the previously existing banks are no longer valid. For any transactions to the MADHOBIGHA branch of Bihar Gramin Bank, you must use the current and correct IFSC code, which is PUNB0MBGB06. Using any old or incorrect code will cause your transaction to fail.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code. It’s used to identify every bank branch participating in online money transfers. Think of it as a unique address for each branch. This code is critical for processing transactions through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).
The IFSC code has a specific structure:
- The first four characters represent the bank’s name. For example, in PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
- The fifth character is always ‘0’ (zero). This is kept for future use.
- The last six characters identify the specific branch. In PUNB0MBGB06, ‘MBGB06’ refers to the MADHOBIGHA branch.
How to Use IFSC Code
Using the IFSC code for online fund transfers is straightforward. Here’s how you generally use it for different types of transactions:
For NEFT (National Electronic Funds Transfer):
- Log in to your bank’s online banking portal or mobile app.
- Select the “Fund Transfer” option.
- Choose “NEFT” as the transfer type.
- Add a new beneficiary if you haven’t transferred to this person before. You will need their name, account number, bank name, and the IFSC code of their bank branch (PUNB0MBGB06 for MADHOBIGHA).
- Enter the amount you wish to transfer.
- Confirm the details and complete the transaction.
For RTGS (Real Time Gross Settlement):
- Access your bank’s online banking or mobile app.
- Select “Fund Transfer” and then “RTGS”.
- Add the beneficiary’s details, including their name, account number, bank, and the correct IFSC code (PUNB0MBGB06).
- Enter the transfer amount. RTGS is typically used for large-value transactions.
- Review and confirm the transfer.
For IMPS (Immediate Payment Service):
- Open your mobile banking app.
- Select “IMPS” for instant fund transfer.
- You can transfer using the beneficiary’s Mobile Number and MMID (Mobile Money Identifier), or using their Account Number and IFSC code (PUNB0MBGB06).
- Enter the amount.
- Authorize the transaction.
Always double-check the IFSC code, account number, and beneficiary name before finalizing any transaction to avoid delays or incorrect transfers.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for the Bihar Gramin Bank MADHOBIGHA branch offers several benefits:
- Accurate Transfers: Ensures your money goes to the correct bank and specific branch.
- Faster Processing: Reduces the chances of delays or transaction failures during NEFT, RTGS, or IMPS.
- Enhanced Security: Acts as a crucial identifier, adding a layer of security to electronic transactions.
- Convenience: Facilitates quick and easy online money transfers from anywhere, anytime.
- Prevents Errors: Helps avoid the common mistake of sending money to the wrong account due to incorrect branch identification.
Contact Information
Should you need to get in touch with the branch or the head office, here are the contact details:
- MADHOBIGHA Branch Phone Number: 9771464288
- MADHOBIGHA Branch Address: MADHOBIGHA, Nawada, 805123, BIHAR
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
Q1: Is the IFSC code unique for every bank?
No, the IFSC code is unique for every *branch* of a bank. While the first four characters identify the bank, the last six characters specifically identify a particular branch. So, two different branches of the same bank will have different IFSC codes.
Q2: What happens if I use an incorrect IFSC code?
If you use an incorrect IFSC code during an online fund transfer, the transaction will likely fail. Your bank’s system will be unable to identify the recipient’s branch, and the money will not be transferred. In most cases, the funds will be reversed to your account within a few hours or a day.
Q3: Can I find the IFSC code on my passbook or chequebook?
Yes, the IFSC code for your specific branch is typically printed on your bank passbook and chequebook. It is usually found on the first page of the passbook and on each cheque leaf.
Q4: Is the MICR code the same as the IFSC code?
No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit numerical code printed on cheques, used primarily for processing paper cheques. The IFSC code is an 11-character alphanumeric code used for electronic fund transfers like NEFT, RTGS, and IMPS.
Q5: Why does Bihar Gramin Bank’s IFSC code start with ‘PUNB’?
Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. The ‘PUNB’ prefix in its IFSC codes, like PUNB0MBGB06, indicates this sponsorship. It helps identify that the bank is part of the network supported by Punjab National Bank.
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.