Bihar Gramin Bank Mahisari IFSC Code

The Bihar Gramin Bank branch in Mahisari, located in the Samastipur district of Bihar, serves as a vital financial hub for local residents. When you need to transfer funds electronically, whether it’s for paying bills, sending money to family, or handling business transactions, understanding the Indian Financial System Code (IFSC) is crucial. This unique code acts as an identifier for bank branches across India, making it possible for systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) to accurately route your money to the correct destination.

Branch Details

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Mahisari
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3957
Branch Address	Mahisari, Samastipur, 848114
Contact Number	9955997864
City	Samastipur
District	Samastipur
Pincode	848114
State	Bihar

Merger Update

For those familiar with the regional rural banking landscape in Bihar, it’s important to note a significant restructuring. Historically, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) served different regions, playing a key role in rural financial inclusion. These banks, along with others, have since undergone mergers. Their operations, including those of branches like the Bihar Gramin Bank Mahisari, now fall under the sponsorship of Punjab National Bank (PNB), which is a major public sector bank.

As a direct result of these mergers and the new sponsorship structure, all former IFSC codes that were previously associated with UBGB and DBGB branches have been revoked. They are no longer valid for electronic fund transfers. To ensure your transactions go through smoothly and without delay, you must use the new, unified IFSC code. For the Bihar Gramin Bank Mahisari branch, and indeed for many other merged Gramin Bank branches now sponsored by PNB, the valid IFSC code is PUNB0MBGB06. Always use this code for all your NEFT, RTGS, and IMPS transactions to ensure correct routing.

What is IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character alpha-numeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in online funds transfers. It’s like a specific digital address for each branch. Understanding its structure helps in verifying its authenticity:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, indicating the sponsoring bank.
• The fifth character is always a “0” (zero). This is a control character reserved for future use and remains constant across all IFSCs.
• The last six characters uniquely identify the specific branch. For PUNB0MBGB06, “MBGB06” points to the specific Mahisari branch of Bihar Gramin Bank, now operating under Punjab National Bank’s sponsorship.

This systematic structure ensures that every transaction is directed precisely to the intended bank and branch, minimizing errors in electronic transfers.

How to Use IFSC Code

Using the IFSC code correctly is essential for any electronic fund transfer. Here’s a step-by-step guide for NEFT, RTGS, and IMPS transactions:

1. Gather Beneficiary Details: Before starting, you will need the beneficiary’s full name, account number, account type (savings or current), and the correct IFSC code for their bank branch. Double-check all these details.
2. Log In to Your Banking Platform: Access your net banking portal or mobile banking app using your credentials.
3. Initiate Fund Transfer: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
4. Add a New Beneficiary (if not already added):
   • Enter the beneficiary’s name.
   • Input their bank account number.
   • Confirm the account number by entering it again.
   • Enter the IFSC code (PUNB0MBGB06 for Bihar Gramin Bank Mahisari branch). The system will usually auto-fill the bank and branch name once you enter a valid IFSC code.
   • Select the account type.
   • Add any other required details, like a nickname for the beneficiary.
   • Confirm and add the beneficiary. There might be a cool-off period before you can transfer funds to a newly added beneficiary.
5. Proceed with Transfer:
   • Select the beneficiary you wish to send money to.
   • Enter the amount you want to transfer.
   • Add a remark or purpose for the transfer (e.g., “Family support,” “Bill payment”).
   • Choose the transfer method: NEFT (for transfers that clear in batches), RTGS (for large-value, real-time transfers), or IMPS (for instant transfers, usually available 24/7).
   • Review all details carefully one last time.
6. Authenticate the Transaction: Confirm the transfer using your transaction password, PIN, or OTP (One Time Password) sent to your registered mobile number.

A confirmation message will be displayed, and you will usually receive an SMS notification once the transaction is successful.

Benefits of Knowing Your IFSC Code

Understanding and having quick access to the correct IFSC code offers several practical advantages for managing your finances:

• Enables Electronic Fund Transfers: It is absolutely essential for making NEFT, RTGS, and IMPS payments, allowing you to send or receive money digitally.
• Ensures Accuracy: The unique 11-character code guarantees that your money reaches the specific intended branch, reducing the chances of misdirected funds.
• Faster Processing: Correct IFSC codes help banks process transactions more efficiently, leading to quicker crediting of funds to the beneficiary’s account.
• Convenience: With the IFSC, you can conduct banking transactions from anywhere, without needing to visit a physical branch for transfers.
• Reduces Errors: When providing your IFSC to others who need to send you money, you help them avoid mistakes that could delay or even lose funds.
• Bank and Branch Identification: It clearly identifies the bank and specific branch, useful for various banking inquiries and documentation.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank, Mahisari branch, or general banking services, you can use the following contact details:

• Branch Phone Number: 9955997864
• Branch Address: Mahisari, Samastipur, 848114, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?

No, the IFSC code PUNB0MBGB06 is specifically for the Mahisari branch of Bihar Gramin Bank, which is now sponsored by Punjab National Bank. Each individual branch will have its own unique IFSC code. While the first four characters “PUNB” might be common for many such merged Gramin Bank branches under PNB, the last six characters will differ for each specific branch.

Q2: What happens if I use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?

If you attempt to use an old IFSC code from a previously existing UBGB or DBGB branch, your electronic fund transfer will likely fail. These old codes have been revoked following the mergers and the new sponsorship under Punjab National Bank. Always ensure you use the updated and correct IFSC code, such as PUNB0MBGB06 for the Mahisari branch, to avoid transaction rejections or delays.

Q3: Can I find the IFSC code for other Bihar Gramin Bank branches?

Yes, you can find the IFSC codes for other Bihar Gramin Bank branches (or any bank branch) through several reliable sources. These include the official website of the Reserve Bank of India (RBI), the official website of Punjab National Bank or Bihar Gramin Bank, your bank passbook or chequebook, or through reputable third-party financial websites. Always cross-verify the code to ensure accuracy.

Q4: What is the difference between NEFT, RTGS, and IMPS when using the IFSC code?

All three (NEFT, RTGS, IMPS) require an IFSC code for electronic transfers, but they differ in processing time and amount limits. NEFT processes transactions in batches, usually taking a few hours. RTGS is for large-value transfers (typically above ₹2 lakh) and processes them in real-time. IMPS offers instant, 24/7 transfers, usually for smaller to medium amounts. The IFSC code ensures that regardless of the method chosen, the funds are routed to the correct beneficiary branch.

Q5: Is the MICR code also important for online transfers?

While the IFSC code is crucial for electronic fund transfers like NEFT, RTGS, and IMPS, the MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. It helps in the speedy and accurate clearing of cheques. You usually won’t need the MICR code for online bank-to-bank transfers, but it is printed on your chequebook for reference.