Bihar Gramin Bank MAHMADPUR IFSC Code

When sending money electronically to or from the Bihar Gramin Bank branch in MAHMADPUR, Nalanda, it is crucial to have the correct IFSC code. This code acts like a digital address, ensuring your funds reach the precise bank and branch you intend for transactions such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without it, your transfer might fail or be delayed, preventing the money from reaching its intended recipient.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	MAHMADPUR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7569
Branch Address	MAHMADPUR, Nalanda, 803107, 7070997569
Contact Number	7070997569
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803107
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). After this merger, all branches now operate under a single, unified IFSC code system. The sponsor bank for Bihar Gramin Bank is Punjab National Bank. This means that for any transaction involving Bihar Gramin Bank, including the MAHMADPUR branch, you must use the IFSC code that begins with “PUNB”. Specifically, the IFSC code PUNB0MBGB06 is the current and only valid code for the MAHMADPUR branch. It is important to note that any old IFSC codes previously used for UBGB or DBGB branches have been revoked and are no longer valid for fund transfers. Attempting to use an old code will result in a failed transaction.

What is IFSC Code?

IFSC stands for the Indian Financial System Code. It is an 11-character alphanumeric code uniquely assigned by the Reserve Bank of India (RBI) to identify each bank branch participating in electronic funds transfer systems in India. This code helps the banking system direct funds to the correct destination branch efficiently and without errors.

The 11 characters of an IFSC code are structured in a specific way:

• The first four characters represent the bank name. For Bihar Gramin Bank, which is sponsored by Punjab National Bank, these characters are “PUNB”.
• The fifth character is always a “0” (zero). This character is reserved for future use and acts as a control digit.
• The last six characters uniquely identify the specific branch. For the MAHMADPUR branch, these are “MBGB06”.

Therefore, the complete IFSC code PUNB0MBGB06 precisely identifies the Bihar Gramin Bank’s MAHMADPUR branch.

How to Use IFSC Code

When you need to send money to someone’s account at Bihar Gramin Bank MAHMADPUR using NEFT, RTGS, or IMPS, you will typically follow these steps:

1. Log in: Access your online banking portal or mobile banking application.
2. Select Fund Transfer: Choose the option for “Fund Transfer” or specifically “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary: If you are sending money to this recipient for the first time, you will need to add them as a beneficiary. This involves providing:
   • The beneficiary’s full name.
   • Their bank account number.
   • Confirming the account number.
   • The beneficiary’s bank name, which is Bihar Gramin Bank.
   • The branch’s IFSC code: PUNB0MBGB06.
4. Enter Amount: Specify the amount of money you wish to transfer.
5. Confirm Transaction: Review all the details, including the beneficiary’s name, account number, and the IFSC code, to ensure they are correct. Then, proceed to confirm the transaction, often using an OTP (One-Time Password) or transaction password.

Accuracy is critical. Even a single incorrect digit in the account number or IFSC code can lead to the transaction failing or, in rare cases, the funds being credited to an unintended recipient.

Benefits

Knowing the correct IFSC code for Bihar Gramin Bank MAHMADPUR offers several key advantages:

• Enables Electronic Transfers: It is essential for initiating NEFT, RTGS, and IMPS transactions, allowing for quick and secure digital money movement between different banks.
• Ensures Correct Destination: The unique code guarantees that your funds are directed to the precise bank branch, minimizing errors and misdirected transfers.
• Facilitates Interbank Transactions: It simplifies and automates the process of moving money between accounts held at different financial institutions.
• Improves Security: By uniquely identifying each branch, it adds a layer of security to electronic transactions, making the process more traceable and reliable.
• Reduces Manual Errors: It standardizes bank branch identification, reducing the chances of errors that could occur with manual address entries.

Contact Section

If you need to contact the Bihar Gramin Bank MAHMADPUR branch directly, or the bank’s head office, here are the details:

• Branch Phone Number: 7070997569
• Branch Address: MAHMADPUR, Nalanda, 803107
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It’s an 11-character code used to identify bank branches for electronic money transfers.

Q2: Is PUNB0MBGB06 specific only to the MAHMADPUR branch?
A2: Yes, the IFSC code PUNB0MBGB06 is unique to the Bihar Gramin Bank’s MAHMADPUR branch in Nalanda. Each bank branch has its own distinct IFSC code.

Q3: What happens if I use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code for a transaction?
A3: If you use an old UBGB or DBGB IFSC code, your transaction will likely fail. Following the merger, these old codes have been revoked, and only the new IFSC codes under Bihar Gramin Bank (starting with PUNB) are valid for transfers.

Q4: Can I find the IFSC code on my bank passbook or cheque book?
A4: Yes, the IFSC code for your specific branch is typically printed on the first page of your bank passbook and on cheque leaves provided by your bank.

Q5: Is an IFSC code required for all types of bank transactions?
A5: An IFSC code is specifically required for interbank electronic fund transfers like NEFT, RTGS, and IMPS. It is not needed for cash deposits, cash withdrawals at the branch, or transfers between accounts within the same bank (internal transfers).