Bihar Gramin Bank Mahanagni IFSC Code

Welcome to Mahanagni, a key banking hub in the WEST CHAMPARAN district of Bihar. When you need to transfer funds electronically, understanding the Indian Financial System Code (IFSC) for your bank branch is crucial. This unique code acts like a digital address, ensuring your money reaches the correct bank and branch swiftly and securely, whether you’re using NEFT, RTGS, or IMPS for your transactions.

Branch Details

Here are the complete details for the Bihar Gramin Bank branch located in Mahanagni:

Bank Name	Bihar Gramin Bank
Branch Name	Mahanagni
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100314
Branch Address	Mahanagni, WEST CHAMPARAN, 845438
Contact Number	9297954062
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845438
State	Bihar

Important Merger Update

Bihar Gramin Bank is a significant regional rural bank. It was formed through the merger of two older regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these former banks have now merged to operate as a single entity, Bihar Gramin Bank, sponsored by Punjab National Bank. As a result of this merger, all branches, including Mahanagni, now operate under a unified system. For all transactions, a consolidated IFSC code structure is used, which begins with “PUNB0” indicating its sponsorship by Punjab National Bank.

It is very important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are no longer valid. For any electronic fund transfers to Bihar Gramin Bank branches, including Mahanagni, you must use the new, active IFSC code: PUNB0MBGB06. Using an outdated code will cause your transaction to fail.

What is an IFSC Code?

The IFSC Code is an 11-character alpha-numeric code. It uniquely identifies every bank branch in India participating in the NEFT system. It’s essential for secure and accurate electronic fund transfers.

Let’s break down the IFSC code PUNB0MBGB06:

• First 4 Characters (PUNB): These represent the bank’s name. In this case, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• 5th Character (0): This character is always ‘0’ (zero). It is reserved for future use, acting as a control character.
• Last 6 Characters (MBGB06): These characters uniquely identify the specific bank branch. “MBGB” likely denotes “Mahanagni Bihar Gramin Bank,” and “06” is the specific branch identifier within that area.

How to Use Your IFSC Code

Using the IFSC code is simple and standard across various electronic fund transfer methods. Here’s how you typically use it:

1. For NEFT (National Electronic Funds Transfer): This system allows for batch-wise transfer of funds. When initiating an NEFT transaction, you will need the beneficiary’s bank account number, their name, and the correct IFSC code (like PUNB0MBGB06). Transactions are processed in hourly batches.
2. For RTGS (Real Time Gross Settlement): RTGS is designed for large-value transactions, typically for amounts of ₹2 lakh and above. Funds are transferred individually and in real-time. Similar to NEFT, you’ll need the beneficiary’s account number, name, and the IFSC code for the specific branch.
3. For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking apps or internet banking. You’ll input the beneficiary’s account number and IFSC code, or sometimes just their mobile number and MMID (Mobile Money Identifier).

Always double-check the IFSC code before confirming a transaction to prevent any errors or delays.

Why is the IFSC Code Important?

Knowing and using the correct IFSC code offers several key benefits:

• Ensures Accuracy: It directs your funds precisely to the intended beneficiary’s bank branch, minimizing the risk of misdirected transfers.
• Facilitates Speed: With the correct IFSC, electronic transfers like NEFT, RTGS, and IMPS happen quickly, often within minutes or hours, compared to traditional methods like cheques.
• Enhances Security: The unique identification helps in tracking transactions and provides a secure channel for digital money movement.
• Supports National Banking: It links thousands of bank branches across India, making inter-bank and inter-branch transfers seamless.
• Mandatory for Digital Transactions: Without an IFSC code, you cannot initiate electronic fund transfers for any bank branch in India.

Contact Information

Should you need to get in touch with the Bihar Gramin Bank Mahanagni branch or the head office, here are the details:

• Mahanagni Branch Phone Number: 9297954062
• Mahanagni Branch Address: Mahanagni, WEST CHAMPARAN, 845438
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank, for Bihar Gramin Bank queries): 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and Bihar Gramin Bank:

Q1: Is Bihar Gramin Bank a government bank?

A1: Bihar Gramin Bank is a Regional Rural Bank (RRB) jointly owned by the Government of India, the Government of Bihar, and its sponsor bank, Punjab National Bank. So, while it serves rural areas, it operates under the broader guidelines of these entities.

Q2: Can I use an old IFSC code from Uttar Bihar Gramin Bank for transactions?

A2: No, you cannot. After the merger that formed Bihar Gramin Bank, all old IFSC codes from Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new, unified IFSC code, such as PUNB0MBGB06 for the Mahanagni branch, for all electronic transfers.

Q3: What is the minimum amount for RTGS?

A3: The minimum amount for an RTGS transaction is ₹2 lakh (Two Lakh Indian Rupees). There is no maximum limit for RTGS transactions.

Q4: How can I find the IFSC code for another Bihar Gramin Bank branch?

A4: You can find IFSC codes on the official website of Bihar Gramin Bank or Punjab National Bank (its sponsor bank). You can also find them on your bank passbook, cheque book, or by using online banking tools and financial portals.

Q5: What should I do if my electronic transfer fails due to an incorrect IFSC code?

A5: If a transaction fails because of an incorrect IFSC code, the money is usually returned to your account within a few hours or one to two business days. The system automatically detects that the destination bank or branch does not exist for that specific code. Always re-verify the IFSC code and recipient details before attempting the transfer again.