The Bihar Gramin Bank branch in Mahauli, located in the Sheikhpura district of Bihar, plays a key role in facilitating financial services for the local community. For any electronic fund transfers like NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) for this specific branch is essential. This unique code ensures that your money reaches the right bank and branch account without any issues.
Branch Details
Here are the complete details for the Bihar Gramin Bank, Mahauli branch:
| Field | Detail |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Mahauli |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3317 |
| Branch Address | Mahauli, Sheikhpura, 811304, 8102926332 |
| Contact Number | 8102926332 |
| City | Sheikhpura |
| District | Sheikhpura |
| Reason | NAWADA |
| Pincode | 811304 |
| State | Bihar |
Merger Update
The IFSC code PUNB0MBGB06 for the Bihar Gramin Bank, Mahauli branch, signifies that it operates under the Madhya Bihar Gramin Bank (MBGB) structure. Madhya Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). This sponsorship means that all its IFSC codes begin with “PUNB0”. This particular code is specific to the Mahauli branch.
As a Regional Rural Bank, Bihar Gramin Bank branches, including Mahauli, operate under this framework. It is crucial to use the current, valid IFSC code for all your transactions, as old or incorrect codes will lead to transfer failures.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is an eleven-character alphanumeric code used to identify all bank branches in India. It is unique to each branch and is essential for electronic fund transfers. The code has a specific structure:
- The first four characters represent the bank name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
- The fifth character is always ‘0’ (zero). This is reserved for future use.
- The last six characters identify the specific branch. In “PUNB0MBGB06”, “MBGB06” uniquely identifies the Mahauli branch of Madhya Bihar Gramin Bank.
This standardized format helps the banking system efficiently route money to the correct destination.
How to Use the IFSC Code
You’ll need the IFSC code for various electronic fund transfer methods. Here’s how it’s typically used:
- For NEFT (National Electronic Funds Transfer): When you initiate an NEFT transaction, whether through online banking or a physical bank form, you will need to provide the beneficiary’s bank name, branch name, account number, and the IFSC code. The system uses the IFSC to identify the destination branch.
- For RTGS (Real Time Gross Settlement): Similar to NEFT, RTGS transactions, which are generally for larger amounts, also require the beneficiary’s IFSC code. This helps the system process the transfer in real-time, ensuring immediate settlement.
- For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers. When making an IMPS transfer using the beneficiary’s account number and IFSC, the code is crucial for swiftly directing funds to the correct recipient branch.
Always double-check the IFSC code before confirming a transaction to prevent any delays or misdirection of funds.
Benefits of Knowing Your IFSC Code
Having the correct IFSC code for your bank branch offers several advantages:
- Faster Transfers: It ensures your electronic fund transfers like NEFT, RTGS, and IMPS are processed quickly and efficiently.
- Accuracy: The unique code prevents errors in sending money to the wrong account or branch.
- Security: By precisely identifying the destination, it adds an extra layer of security to your transactions.
- Convenience: It allows you to perform banking transactions from anywhere, anytime, using online banking or mobile apps.
- Mandatory Requirement: It is a mandatory piece of information for all major electronic fund transfer systems in India.
Contact Information
- Branch Phone Number: 8102926332
- Branch Address: Mahauli, Sheikhpura, 811304, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
Q1: Is Bihar Gramin Bank a nationalized bank?
A: Bihar Gramin Bank, specifically Madhya Bihar Gramin Bank in this context, is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). While PNB is a nationalized bank, RRBs like Madhya Bihar Gramin Bank operate under a slightly different structure aimed at rural development, though they are under the regulatory framework of RBI and sponsored by nationalized banks.
Q2: Can I use the IFSC code PUNB0MBGB06 for international money transfers?
A: No, the IFSC code is specifically for domestic electronic fund transfers within India. For international transfers, you would typically need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, which is different from an IFSC code.
Q3: What does the “PUNB0” part of the IFSC code signify?
A: The first four characters “PUNB” indicate Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank. The “0” is a control character reserved for future use, completing the bank identification segment of the code.
Q4: Is the MICR code 800811002 also important for bank transactions?
A: Yes, the MICR (Magnetic Ink Character Recognition) code is primarily used for clearing cheques. It helps in the speedy and accurate processing of physical cheques. While not directly used for NEFT/RTGS/IMPS, it’s vital for cheque-based transactions.
Q5: How can I find the IFSC code for other Bihar Gramin Bank branches?
A: You can find IFSC codes for other branches on the official website of Madhya Bihar Gramin Bank or Punjab National Bank, the Reserve Bank of India (RBI) website, or through various reliable online financial portals. It’s always best to verify the code from an official source.
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.