If you need to send or receive money to an account at the Bihar Gramin Bank Mahmada branch in Samastipur, Bihar, understanding its IFSC code is essential. This unique code is like a digital address. It ensures your funds reach the correct bank and branch quickly and securely when you use popular electronic fund transfer systems like NEFT, RTGS, and IMPS.
Branch Details
Here are the key details for the Bihar Gramin Bank Mahmada branch:
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Mahmada |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3945 |
| Branch Address | Mahmada, Samastipur, 848125 |
| Contact Number | 9955997851 |
| City | Samastipur |
| District | Samastipur |
| Reason | SAMASTIPUR |
| Pincode | 848125 |
| State | Bihar |
Merger Update
The Bihar Gramin Bank, which serves the state, was formed from the merger of two previous regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both now operate under the single identity of Bihar Gramin Bank. This bank is sponsored by Punjab National Bank.
This merger means that any old IFSC codes previously used for UBGB or DBGB branches are no longer valid. For the Mahmada branch, and all other Bihar Gramin Bank branches, you must use the new standardized IFSC code, PUNB0MBGB06. This new code is valid for all your financial transactions. Always ensure you use this current code to avoid any delays or issues with your transfers.
What is an IFSC Code?
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers in India. Knowing this code is crucial for digital banking.
The structure of an IFSC code is simple:
- The first four characters represent the bank’s name. For Bihar Gramin Bank, this is “PUNB”.
- The fifth character is always a ‘zero’ (0). This character is reserved for future use.
- The last six characters identify the specific branch. For the Mahmada branch, these are “MBGB06”.
So, the IFSC code PUNB0MBGB06 clearly identifies the Mahmada branch of Bihar Gramin Bank.
How to Use an IFSC Code
You will need the IFSC code for various digital banking transactions. Here’s how it is typically used during NEFT, RTGS, and IMPS transfers:
- Log In: Access your net banking account or mobile banking app from your bank.
- Select Transfer Option: Look for “Fund Transfer” or specific options like “NEFT”, “RTGS”, or “IMPS”.
- Add Beneficiary: If you are sending money to someone for the first time, you will need to add them as a new beneficiary.
- Enter Details: Provide the recipient’s name, their bank account number, the bank’s name (Bihar Gramin Bank), and the specific branch IFSC code (PUNB0MBGB06 for the Mahmada branch).
- Verify and Confirm: Double-check all the entered details, especially the account number and IFSC code. An incorrect code could send money to the wrong account or cause the transaction to fail. Once verified, confirm the transfer.
For example, if you are sending money to an account holder at Bihar Gramin Bank Mahmada, you would input “PUNB0MBGB06” in the IFSC field.
Benefits of Knowing the IFSC Code
Knowing the correct IFSC code offers several important benefits for your banking needs:
- It ensures your fund transfers (NEFT, RTGS, IMPS) are routed to the precise bank branch.
- It helps prevent delays or failures in online transactions.
- It is mandatory for setting up automatic bill payments or recurring transfers.
- It helps verify the identity of a bank branch when you are dealing with financial transactions.
- It simplifies the process of receiving money from other banks.
Contact Information
For inquiries related to the Bihar Gramin Bank Mahmada branch or general banking services, you can use the following contact details:
- Branch Phone Number: 9955997851
- Branch Address: Mahmada, Samastipur, 848125, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is specifically for the Mahmada branch. Each Bihar Gramin Bank branch will have its own unique IFSC code. While the first few characters (PUNB0) are common, the last six characters will differ for each branch.
Q2: What should I do if my online transfer fails due to an incorrect IFSC code?
A2: If a transfer fails because of an incorrect IFSC code, the money is usually returned to your account within a few hours or one to two working days. Always double-check the IFSC code and account number before initiating a transaction to prevent such issues.
Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on the first page of your bank passbook and on the top left corner of your chequebook leaf. You can also find it on your bank’s official website or through reliable online IFSC code lookup services.
Q4: What is the difference between an IFSC code and a MICR code?
A4: An IFSC code (Indian Financial System Code) is used for online fund transfers (NEFT, RTGS, IMPS). A MICR code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing physical cheques. Both are unique identifiers but serve different purposes in banking operations.
Q5: Is it safe to share my bank’s IFSC code with others?
A5: Yes, it is generally safe to share your bank’s IFSC code. It is public information needed for others to send money to your account. However, never share sensitive details like your account password, ATM PIN, or OTP (One-Time Password) with anyone.
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.