Bihar Gramin Bank Mahmaddipur IFSC Code

This article focuses on the Bihar Gramin Bank branch located in Mahmaddipur, Samastipur, Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is crucial for various online money transfers. The IFSC code is like a digital address that ensures your funds reach the correct bank and specific branch when you use services like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service). It prevents errors and makes your transactions smooth and secure.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Mahmaddipur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3948
Branch Address	Mahmaddipur, Samastipur, 848502, 9955997855
Contact Number	9955997855
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848502
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the amalgamation of Uttar Bihar Gramin Bank (UBGB) and Kosi Kshetriya Gramin Bank. This merger brought all branches under a unified structure, sponsored by Punjab National Bank. As a result, all IFSC codes for Bihar Gramin Bank branches now begin with PUNB0. This prefix identifies Punjab National Bank as the sponsoring bank for Bihar Gramin Bank.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank are now revoked and no longer valid for transactions. For the Mahmaddipur branch of Bihar Gramin Bank, the only correct and active IFSC code is PUNB0MBGB06. Always use this new code for any financial transfers to ensure your transactions are processed successfully.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code uniquely identifying every bank branch in India participating in online money transfers. Understanding its structure can be helpful:

• The first four characters represent the bank. For Bihar Gramin Bank, this is PUNB, indicating its sponsoring bank, Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between the bank code and the branch code.
• The last six characters identify the specific branch. For the Mahmaddipur branch, these characters are MBGB06.

So, the full code PUNB0MBGB06 precisely points to the Bihar Gramin Bank, Mahmaddipur branch.

How to Use IFSC Code

You need the IFSC code whenever you want to transfer money electronically from one bank account to another within India. Here’s how it generally works for common transfer methods:

• NEFT (National Electronic Funds Transfer): This system allows you to transfer funds up to approximately ₹2 lakh per transaction. Funds are processed in batches throughout the day.
• RTGS (Real-Time Gross Settlement): This is used for high-value transactions, typically ₹2 lakh and above. Money is transferred in real-time on a one-to-one basis, making it very fast.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent payments.

Regardless of the method you choose, the steps for using the IFSC code are similar:

1. Log in to your bank’s net banking portal or mobile banking app.
2. Go to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select ‘Add Beneficiary’ or ‘Manage Payee’ if you haven’t added the recipient before.
4. Enter the beneficiary’s details: their full name, bank account number, and the correct IFSC code (e.g., PUNB0MBGB06 for Mahmaddipur branch).
5. Once the beneficiary is added, select them for a transfer.
6. Choose the type of transfer (NEFT, RTGS, or IMPS).
7. Enter the amount you wish to send.
8. Review all details carefully and confirm the transaction.

Always double-check the IFSC code and account number before confirming any transfer to avoid sending money to the wrong recipient.

Benefits

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

• Accuracy: Ensures your money is directed to the precise bank and branch, minimizing transfer errors.
• Speed: Facilitates quick and efficient online fund transfers, allowing you to move money electronically without visiting a bank branch.
• Security: Enhances the security of transactions by uniquely identifying the destination branch, reducing the risk of fraud.
• Convenience: Enables banking from anywhere, at any time, through net banking or mobile apps.
• Mandatory for Online Transfers: It is a crucial requirement for initiating NEFT, RTGS, and IMPS transactions.

Contact Section

If you need to get in touch with the bank, here are the relevant contact details:

• Branch Phone Number: 9955997855
• Branch Address: Mahmaddipur, Samastipur, 848502
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs Section

Here are some frequently asked questions about the Bihar Gramin Bank Mahmaddipur IFSC code:

Q1: What is the IFSC code for Bihar Gramin Bank, Mahmaddipur branch?
A1: The IFSC code for Bihar Gramin Bank, Mahmaddipur branch, is PUNB0MBGB06.

Q2: Is the fifth character of the IFSC code always zero?
A2: Yes, the fifth character of an IFSC code is always zero. It serves as a control character for internal use.

Q3: Can I use an old Uttar Bihar Gramin Bank (UBGB) IFSC code for transfers to Bihar Gramin Bank?
A3: No, old UBGB IFSC codes are no longer valid. Due to the merger, you must use the new unified IFSC codes, which start with PUNB0, for all transactions to Bihar Gramin Bank branches.

Q4: What types of transactions require an IFSC code?
A4: An IFSC code is essential for all major online fund transfer methods, including NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service).

Q5: How can I find the IFSC code for another Bihar Gramin Bank branch?
A5: You can usually find the IFSC code on your chequebook, on the bank’s official website, through your mobile banking app, or by contacting the bank’s customer service via their toll-free number.