Bihar Gramin Bank MAHTHA IFSC Code

The Bihar Gramin Bank branch in MAHTHA is located in the Aurangabad district of Bihar. For any online money transfers to this branch, you need a specific code known as the IFSC. This code is essential for all major electronic payment systems in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC ensures that your transaction is routed correctly and securely to the intended bank branch, preventing errors and delays.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	MAHTHA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6930
Branch Address	MAHTHA, Aurangabad, 824121, 7091596930
Contact Number	7091596930
City	Aurangabad
District	Aurangabad
Region	AURANGABAD
Pincode	824121
State	Bihar

Merger and IFSC Update

It is important for all customers to know that Bihar Gramin Bank has been amalgamated with Madhya Bihar Gramin Bank to form a new entity called Dakshin Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).

Due to this merger, all old IFSC codes belonging to the former Bihar Gramin Bank are no longer valid. Using an old code will result in a failed transaction. For all electronic fund transfers to any branch of the newly formed bank, customers must use the new IFSC codes that start with ‘PUNB’. The correct and valid IFSC code for the MAHTHA branch is PUNB0MBGB06.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the NEFT system. The Reserve Bank of India (RBI) assigns these codes to ensure that funds are transferred to the correct location. The structure is consistent across all banks.

Let’s break down the MAHTHA branch IFSC code, PUNB0MBGB06:

• PUNB: The first four alphabetic characters represent the name of the bank. In this case, it stands for Punjab National Bank, the sponsor bank.
• 0: The fifth character is always a zero. It is a control character reserved for future use.
• MBGB06: The last six characters identify the specific branch. This part of the code ensures your money is directed to the MAHTHA branch.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online transaction is a straightforward process. Whether you are using a mobile banking app or a desktop website, the steps are generally the same.

1. Log in to your internet banking account or mobile banking application.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select your preferred mode of transfer: NEFT, RTGS, or IMPS.
4. Add a new beneficiary (payee). You will be asked to provide their details.
5. Enter the recipient’s name, bank account number, and account type (e.g., Savings or Current).
6. In the IFSC field, carefully type PUNB0MBGB06. Most banking systems will automatically fetch the branch name and address for verification once you enter the code.
7. Enter the amount you wish to transfer and confirm the transaction, usually with a PIN or OTP.

Benefits of Using the Correct IFSC Code

Knowing and using the correct IFSC code offers several practical benefits for your banking transactions.

• Accuracy: It eliminates guesswork and ensures that your funds are sent to the precise bank branch you intend.
• Error Prevention: The banking system automatically validates the IFSC, which helps prevent funds from being misdirected due to a typing error.
• Faster Processing: The code automates the routing process, allowing for quicker settlement and credit of funds to the beneficiary’s account.
• Security: It serves as a key identifier in the electronic transfer system, adding a layer of security and traceability to each transaction.

Contact Information

For any specific questions or assistance, you can reach out to the branch or the bank’s head office.

• Branch Contact Number: 7091596930
• Branch Address: MAHTHA, Aurangabad, Bihar – 824121
• Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. What happened to the old Bihar Gramin Bank IFSC codes?

After the merger that formed Dakshin Bihar Gramin Bank, all old IFSC codes were deactivated. They are no longer valid and will cause transactions to be rejected. You must use the new ‘PUNB’ series of codes.

2. Why does the IFSC code start with ‘PUNB’ if the branch is Dakshin Bihar Gramin Bank?

The code starts with ‘PUNB’ because Punjab National Bank is the sponsor bank for Dakshin Bihar Gramin Bank. PNB manages the central payment systems and infrastructure for its sponsored regional rural banks.

3. What is the difference between an IFSC code and a MICR code?

The IFSC code is an 11-character code used for online fund transfers like NEFT and RTGS. The MICR code is a 9-digit numeric code found at the bottom of a cheque leaf, used to speed up the processing of cheques.

4. Can I use the IFSC code PUNB0MBGB06 for a different branch of Dakshin Bihar Gramin Bank?

No, each branch has a unique IFSC code to ensure funds are routed correctly. While some rural banks use a centralized code for certain transactions, it is always best practice to use the specific code assigned to the destination branch to avoid issues.

5. What should I do if I enter the wrong IFSC code during a transfer?

If the IFSC code you entered does not exist, the transaction will likely be rejected by your bank. If the code exists but belongs to a different branch, the funds could be misdirected. In such a case, contact your bank’s customer service immediately for assistance.