Bihar Gramin Bank Madhopur IFSC Code

The Bihar Gramin Bank’s Madhopur branch serves as a vital financial hub for the local community in West Champaran, Bihar. When you need to send or receive money electronically, understanding and using the correct Indian Financial System Code (IFSC) for this branch is crucial. This unique code acts like a digital address, ensuring that your funds are transferred accurately and efficiently through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It prevents errors and ensures your transactions reach the intended recipient without delay.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Madhopur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100512
Branch Address	Madhopur, WEST CHAMPARAN, 845454
Contact Number	9297954060
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845454
State	Bihar

Merger Update

Bihar Gramin Bank, where the Madhopur branch is located, was formed by the significant merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these regional rural banks are now unified under the sponsorship of Punjab National Bank. This merger brought about a standardized system for all its operations, including the use of a single, uniform IFSC code for all its branches.

It is very important to note that any old IFSC codes previously used by branches under UBGB or DBGB are no longer valid. For any financial transaction involving Bihar Gramin Bank, including its Madhopur branch, you must use the new, active IFSC code: PUNB0MBGB06. Attempting to use an old or incorrect code will result in your transaction being rejected or failing to process correctly. Always double-check the code to ensure a smooth transfer.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code used for electronic fund transfers in India. It’s unique to each bank branch and helps identify the exact destination for your money.

Let’s break down the IFSC structure using PUNB0MBGB06 as an example:

• First four characters (PUNB): These identify the bank. In this case, ‘PUNB’ stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• Fifth character (0): This character is always zero. It’s a control character reserved for future use and helps distinguish the bank code from the branch code.
• Last six characters (MBGB06): These uniquely identify the specific branch. For the Madhopur branch of Bihar Gramin Bank, these characters are ‘MBGB06’.

This precise structure ensures that every branch in the Indian banking system has a distinct identity for digital transactions.

How to Use an IFSC Code

You will need the IFSC code whenever you perform an online money transfer through NEFT, RTGS, or IMPS. Here’s how to typically use it:

1. Log in to Your Online Banking: Access your bank’s net banking portal or mobile banking app.
2. Select Funds Transfer: Choose the option for “Funds Transfer” or “Send Money.”
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves providing:
   • Beneficiary Name (the recipient’s name)
   • Beneficiary Account Number (the recipient’s bank account number)
   • Beneficiary Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary Branch Name (e.g., Madhopur)
   • Beneficiary IFSC Code (PUNB0MBGB06 for the Madhopur branch)
4. Verify Details: After entering the IFSC, your bank’s system will often automatically display the bank and branch name, allowing you to cross-verify the information.
5. Enter Amount and Confirm: Input the amount you wish to transfer and confirm the transaction details.

For subsequent transfers to the same person, you can usually just select them from your saved beneficiaries list.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Accurate Fund Transfers: It ensures your money reaches the exact intended bank branch and account, preventing misdirected funds.
• Faster Processing: Correct IFSC codes facilitate quick processing of NEFT, RTGS, and IMPS transactions, reducing delays.
• Fraud Prevention: Using the correct code helps secure your transactions by confirming the legitimate banking channel.
• Convenience: It simplifies online banking and mobile transfers, making it easy to send and receive money from anywhere.
• Essential for Electronic Payments: Many services, like salary deposits, bill payments, and online shopping refunds, require an IFSC code for electronic credit.

Contact Section

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

• Madhopur Branch Phone Number: 9297954060
• Madhopur Branch Address: Madhopur, WEST CHAMPARAN, 845454, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank customer care): 18001807777

FAQs

Q1: Why do I need an IFSC code for online transactions?
A1: The IFSC code acts as a unique identifier for each bank branch in India. It ensures that when you send money electronically (via NEFT, RTGS, or IMPS), your funds are routed to the precise branch and account of the recipient, preventing errors and ensuring security.

Q2: What happens if I use an incorrect IFSC code?
A2: If you use an incorrect IFSC code, your transaction will likely fail or be rejected by the banking system. The funds will not be transferred, and you’ll receive a notification about the failure. You’ll then need to correct the code and attempt the transaction again.

Q3: Can the IFSC code change over time?
A3: While IFSC codes are generally stable, they can change, especially in cases of bank mergers, acquisitions, or restructuring, as seen with Bihar Gramin Bank. It’s always a good practice to verify the current IFSC code if you’re unsure or haven’t transacted with a specific branch in a long time.

Q4: Is the IFSC code required for international fund transfers?
A4: No, the IFSC code is specifically for domestic fund transfers within India. For international transfers, you would typically need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code or BIC (Bank Identifier Code) for the recipient’s bank.

Q5: Where can I find the correct IFSC code for a branch?
A5: You can usually find the IFSC code printed on your bank’s chequebook, on your bank’s official website, through your net banking portal, or by contacting your bank’s customer service. Reliable financial websites also provide IFSC code lookup tools.