Bihar Gramin Bank Madhuban IFSC Code

This article will guide you through the details of the Bihar Gramin Bank branch located in Madhuban, a key area within the East Champaran district of Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is crucial for various modern banking activities. This unique code acts like a digital address, ensuring that your money transfers, whether through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), reach the correct bank and branch without error.

Branch Details

Here are the essential details for the Bihar Gramin Bank, Madhuban branch:

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Madhuban
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108079
Branch Address	Madhuban, EAST CHAMPARAN, 845420
Contact Number	9297954664
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845420
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed through the merger of two prominent regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation has streamlined banking operations and unified their codes.

Following this merger, all branches previously operating under UBGB and DBGB now use a single, unified IFSC code structure. The Madhuban branch, for instance, now uses the IFSC code PUNB0MBGB06. The initial four characters, PUNB, indicate that Punjab National Bank is the sponsoring bank for Bihar Gramin Bank.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid. For all electronic fund transfers and other banking services requiring an IFSC, you must use the new, unified IFSC code.

What is an IFSC Code?

IFSC stands for the Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers. Think of it as a specific address for a bank branch in the digital world.

The structure of an IFSC code is standard across all banks:

• First 4 characters: These represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank of Bihar Gramin Bank.
• Fifth character: This character is always a zero (0). It is reserved for future use and helps distinguish between the bank code and the branch code.
• Last 6 characters: These uniquely identify the specific bank branch. In PUNB0MBGB06, “MBGB06” refers to the Madhuban branch of Bihar Gramin Bank.

This systematic structure ensures that every transaction is routed correctly to its intended destination.

How to Use an IFSC Code

The IFSC code is essential for various types of electronic fund transfers. Here’s how you typically use it:

1. NEFT (National Electronic Funds Transfer): This system allows you to transfer funds from one bank account to another across India.
   • Log in to your bank’s net banking portal or mobile banking app.
   • Go to the “Fund Transfer” or “Add Beneficiary” section.
   • Enter the beneficiary’s details: their name, account number, bank name, and the correct IFSC code of their branch (e.g., PUNB0MBGB06 for Bihar Gramin Bank, Madhuban).
   • Once the beneficiary is added, you can initiate the transfer by entering the amount.
2. RTGS (Real Time Gross Settlement): Used for high-value transactions (typically ₹2 Lakh and above) that need to be processed immediately.
   • The steps are similar to NEFT. You will need to add the beneficiary with their account number, bank name, and IFSC code.
   • Due to its real-time nature, RTGS transactions are processed individually without any waiting period.
3. IMPS (Immediate Payment Service): This service enables instant, 24/7 fund transfers using mobile banking or UPI platforms.
   • Open your mobile banking app or UPI app.
   • Select the IMPS option or initiate a bank-to-bank transfer.
   • Enter the beneficiary’s mobile number, their account number, and the correct IFSC code (e.g., PUNB0MBGB06).
   • Confirm the amount and proceed with the transfer. The funds are usually credited instantly.

Benefits of Knowing the IFSC Code

Having easy access to the correct IFSC code offers several advantages:

• It ensures the accurate and secure transfer of funds between different bank accounts.
• It is a mandatory requirement for all online banking transactions such as NEFT, RTGS, and IMPS.
• Knowing the IFSC helps in faster processing of your electronic fund transfers, reducing delays.
• It is often needed for receiving salaries, loan disbursements, or any other electronic credits directly into your account.
• The IFSC code helps in identifying the exact branch, even if there are multiple branches of the same bank in a city or district.

Contact Information

For any inquiries related to the Bihar Gramin Bank, Madhuban branch, or the head office, you can use the following details:

• Madhuban Branch Phone Number: 9297954664
• Madhuban Branch Address: Madhuban, EAST CHAMPARAN, 845420, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: What does IFSC stand for?
A1: IFSC stands for the Indian Financial System Code. It is an 11-character code used to identify bank branches for electronic fund transfers.

Q2: Is the IFSC code for Bihar Gramin Bank Madhuban unique?
A2: Yes, the IFSC code PUNB0MBGB06 is unique to the Bihar Gramin Bank, Madhuban branch. No other bank branch in India will have this exact code.

Q3: Can I still use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code?
A3: No, you cannot. After the merger that formed Bihar Gramin Bank, all old UBGB and DBGB IFSC codes have been revoked. You must use the new unified IFSC code, such as PUNB0MBGB06, for all transactions.

Q4: Do I need the IFSC code for cash deposits at the branch counter?
A4: Generally, you do not need the IFSC code for making a cash deposit directly at the branch counter. The account number and the branch name are usually sufficient. However, it’s always good to have the branch details handy.

Q5: What is the significance of “PUNB” in the IFSC code PUNB0MBGB06?
A5: “PUNB” in the IFSC code indicates that Punjab National Bank is the sponsor bank for Bihar Gramin Bank. All branches of Bihar Gramin Bank will have “PUNB” as their first four characters in the IFSC code.