Magri is a rural branch of Bihar Gramin Bank located in Magri village, Siwan district, Bihar. The branch serves local farmers, small businesses and residents of postal code 841417. For electronic fund transfers such as NEFT, RTGS and IMPS you must use the correct IFSC code. The IFSC identifies the bank and branch in the national payment system and routes funds to the right account. Entering an incorrect or revoked IFSC can delay or block a transfer.
Branch Details Table
| Field | Details |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Magri |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100631 |
| Branch Address | Magri, SIWAN, 841417, 9297954473 |
| Contact Number | 9297954473 |
| City | SIWAN |
| District | SIWAN |
| Reason | SIWAN |
| Pincode | 841417 |
| State | Bihar |
Merger Update
Bihar Gramin Bank operates under the consolidated arrangement following the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both legacy banks have had their separate IFSC codes revoked. The single valid IFSC for the merged entity under Punjab National Bank is PUNB0MBGB06. Use this IFSC for all NEFT, RTGS and IMPS transactions. Do not use old UBGB or DBGB IFSC codes — transactions sent to revoked IFSCs will fail or be returned.
What is IFSC Code?
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies a bank branch in electronic payment systems.
- First 4 characters = bank code (alphabetic). Example: PUNB for Punjab National Bank.
- 5th character = always 0 (reserved for future use).
- Last 6 characters = branch identifier (alphanumeric). Example: MBGB06 in PUNB0MBGB06.
How to Use IFSC Code (NEFT / RTGS / IMPS)
- Open your bank’s netbanking, mobile app or visit the branch for fund transfer.
- Choose transfer type: NEFT for normal transfers, RTGS for high-value immediate transfers, IMPS for instant mobile transfers (24×7).
- Enter beneficiary name and account number exactly as on their bank passbook. Small typos can block the transfer.
- Enter IFSC: PUNB0MBGB06 for Bihar Gramin Bank, Magri branch. Verify before you submit.
- Enter amount and purpose. For RTGS check the minimum value requirement with your bank (RTGS often has minimums; banks may differ).
- Verify all details on the confirmation screen. Approve using your transaction password/OTP.
- Save the UTR/reference number shown after a successful transfer. Use it to track or report issues.
Benefits of Knowing the IFSC
- Ensures correct routing of electronic payments to the exact branch and account.
- Prevents delays and failed transactions caused by incorrect branch identification.
- Required for all NEFT, RTGS and IMPS transfers—essential for salary, vendor and bill payments.
- Makes reconciliation easier—IFSC plus account number uniquely identifies the destination.
- Helps bank staff diagnose transfer problems quickly when you provide the correct IFSC and UTR.
Contact
Branch phone no: 9297954473
Branch Address: Magri, SIWAN, 841417
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777
FAQs
Q: Can I use an old UBGB or DBGB IFSC to make a payment?
A: No. Old UBGB and DBGB IFSC codes have been revoked after the merger. Use PUNB0MBGB06 for transactions to the Magri branch.
Q: Is IFSC case-sensitive?
A: No. IFSC is not case-sensitive. PUNB0MBGB06 and punb0mbgb06 are treated the same by banks. Still, it’s best to copy the code exactly as provided.
Q: What is the difference between IFSC and MICR?
A: IFSC identifies bank and branch for electronic transfers (NEFT/RTGS/IMPS). MICR (Magnetic Ink Character Recognition) is a 9‑digit code used mainly for cheque processing and clearing.
Q: What happens if I enter the wrong IFSC but correct account number?
A: If the wrong IFSC points to a different branch but the account number does not exist there, the payment will likely fail and be returned. If the incorrect IFSC and the account number together match another valid account, funds could be credited to the wrong beneficiary. Always verify IFSC and account number together before sending money.
Q: How can I verify the IFSC before making a transfer?
A: Verify the IFSC on the cheque book, passbook, bank statement, or by calling the branch at 9297954473. Confirm the IFSC shown here — PUNB0MBGB06 — before initiating an electronic payment.
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.