When you need to send money to the Bihar Gramin Bank branch in Mahnar, Vaishali district, Bihar, understanding the Indian Financial System Code (IFSC) is essential. This unique code acts like a digital address, ensuring your funds reach the correct bank and branch without error. Whether you’re using National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the IFSC code is a crucial piece of information for a smooth and secure transaction.
Branch Details
Here are the key details for the Bihar Gramin Bank branch in Mahnar:
| Bank Name | Bihar Gramin Bank |
| Branch Name | Mahnar |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100166 |
| Branch Address | Mahnar, VAISHALI, 844506 |
| Contact Number | 9297955010 |
| City | VAISHALI |
| District | VAISHALI |
| Reason | HAJIPUR |
| Pincode | 844506 |
| 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). Following this merger, a new, unified IFSC code has been issued for all its branches, administered by Punjab National Bank.
The new and only valid IFSC code for Bihar Gramin Bank, including the Mahnar branch, is PUNB0MBGB06. It is important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now revoked and will not work for transactions. Always use the current code, PUNB0MBGB06, for all your fund transfers to ensure they are processed correctly.
What is an IFSC Code?
The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code. It identifies every bank branch in India participating in electronic funds transfers. This code is crucial for online money transfers.
The structure of the IFSC code is simple:
- The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
- The fifth character is always a “0” (zero). This is kept as a control character for future use.
- The last six characters identify the specific branch. For PUNB0MBGB06, “MBGB06” uniquely identifies the Mahnar branch of Bihar Gramin Bank.
How to Use an IFSC Code
Using the IFSC code is straightforward when you’re making an electronic fund transfer:
- Log In: Access your online banking portal or mobile banking app.
- Select Transfer Option: Choose the option for NEFT, RTGS, or IMPS.
- Add Beneficiary: If it’s a new recipient, you’ll need to add them as a beneficiary.
- Enter Details: Provide the beneficiary’s name, bank account number, and the correct IFSC code (PUNB0MBGB06 for Bihar Gramin Bank, Mahnar).
- Confirm and Transfer: Enter the amount you wish to send and confirm the details. The bank will use the IFSC code to route your money to the right branch and account.
Always double-check the IFSC code and account number before initiating a transfer to avoid errors.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code offers several benefits:
- Accurate Fund Transfers: Ensures your money reaches the intended recipient’s bank and branch without misdirection.
- Faster Transactions: Facilitates quick processing of NEFT, RTGS, and IMPS transfers.
- Online Banking Convenience: Allows you to perform secure and efficient transactions from anywhere, anytime, using online platforms.
- Reduced Errors: Minimizes the chances of transaction failures or delays caused by incorrect routing.
- Essential for Businesses: Crucial for businesses for payroll, vendor payments, and receiving funds electronically.
Contact Information
- Branch Phone Number (Mahnar): 9297955010
- Branch Address (Mahnar): Mahnar, VAISHALI, 844506, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
FAQs
Here are answers to some common questions about IFSC codes:
Q: What is the IFSC code for Bihar Gramin Bank, Mahnar branch?
A: The IFSC code for Bihar Gramin Bank, Mahnar branch, is PUNB0MBGB06.
Q: Can I use an old IFSC code for Bihar Gramin Bank?
A: No. After the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank to form Bihar Gramin Bank, all old IFSC codes were revoked. You must use the new code, PUNB0MBGB06, for all electronic transactions.
Q: Why is the fifth character of the IFSC code always ‘0’?
A: The fifth character is reserved as a ‘0’ (zero) by the Reserve Bank of India. This acts as a control character and is kept for future use or expansion of the code structure if needed.
Q: What happens if I enter a wrong IFSC code during a fund transfer?
A: If you enter an incorrect IFSC code, your transaction will likely fail. The funds will not reach the intended recipient’s bank branch. In some cases, if the incorrect code leads to another valid account, funds might be misdirected. Always verify the IFSC code carefully before confirming a transfer.
Q: Is the MICR code the same as the IFSC code?
A: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit numerical code printed on cheque leaves, primarily used for processing cheques. The IFSC code, an 11-character alphanumeric code, is used for electronic fund transfers like NEFT, RTGS, and IMPS.
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.