Madhwapur is a town in Madhubani district, Bihar (PIN 847305). This page lists the Bihar Gramin Bank branch details for Madhwapur and explains the IFSC code you must use for electronic fund transfers. The IFSC is required for NEFT, RTGS and IMPS transfers. It identifies the bank and branch so payments route correctly and reach the beneficiary account.
Branch Details Table
| Bank Name | Bihar Gramin Bank |
| Branch Name | Madhwapur |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100869 |
| Branch Address | Madhwapur, MADHUBANI, 847305, 9297954866 |
| Contact Number | 9297954866 |
| City | MADHUBANI |
| District | MADHUBANI |
| Reason | MADHUBANI |
| Pincode | 847305 |
| State | Bihar |
Merger Update
Both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been restructured under Punjab National Bank. The combined rural-banking network now uses the single IFSC code PUNB0MBGB06 for this Madhwapur branch. Old UBGB and DBGB IFSC codes have been revoked. For any NEFT, RTGS or IMPS transfer to this branch use only PUNB0MBGB06. Transactions initiated with revoked IFSCs will fail or be delayed.
What is IFSC Code?
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to route electronic payments. The format is fixed:
- First 4 characters: identify the bank. Example: PUNB = Punjab National Bank.
- 5th character: is reserved and is always 0.
- Last 6 characters: identify the specific branch. Example: MBGB06 refers to the Madhwapur branch mapping under the merged bank scheme.
So PUNB0MBGB06 breaks down as: PUNB (bank) + 0 (reserved) + MBGB06 (branch identifier).
How to Use IFSC Code
- Open your bank’s net-banking or mobile banking app.
- Choose fund transfer type: NEFT, RTGS or IMPS. (IMPS is real-time 24×7; NEFT and RTGS have bank-timed settlements.)
- Enter beneficiary name and account number exactly as provided by the recipient.
- Enter the IFSC code: PUNB0MBGB06. Double-check characters (letters vs numbers).
- Enter amount and transfer purpose or remark if required.
- Verify all details on the confirmation screen. Authorize using OTP or hardware token as your bank requires.
- Save transaction receipt or reference number for tracking. If the transfer fails, contact the sending bank quoting this reference.
Benefits of Knowing the IFSC
- Ensures funds route to the correct bank and branch for NEFT, RTGS and IMPS.
- Reduces errors. A correct IFSC lowers the chance of failed transfers.
- Saves time. You can complete transfers online without visiting the branch.
- Required for many bank forms and third-party payment setups (e.g., payroll, insurance).
- Useful for verifying branch identity in case names are similar across districts.
Contact
Branch phone no: 9297954866
Branch Address: Madhwapur, MADHUBANI, 847305
Head office address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777
FAQs
Q: Is PUNB0MBGB06 the only valid IFSC for Madhwapur branch?
A: Yes. After the merger and restructuring, PUNB0MBGB06 is the valid IFSC for electronic transfers to this branch. Old codes linked to UBGB or DBGB are revoked.
Q: Can I use the branch MICR code for NEFT or IMPS?
A: No. MICR (800811002) is used mainly for cheque clearing. For NEFT/RTGS/IMPS you must use the IFSC.
Q: What if I enter the wrong IFSC?
A: If the IFSC does not match a live branch, the transfer will usually be rejected and reversed. If the IFSC points to another valid branch, funds may be credited there and recovery will require cooperation from both banks. Always double-check before authorizing.
Q: How long do NEFT, RTGS and IMPS transfers take?
A: IMPS is instant and available 24×7. RTGS is real-time for high-value payments during bank hours. NEFT is settled in hourly batches by many banks; settlement timing depends on the sending bank and time of request.
Q: Who should I contact if a transfer to this IFSC fails?
A: First contact your sending bank with the transaction reference. You can also call the branch at 9297954866 or the head office / toll-free number 18001807777 for assistance.
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.