Bihar Gramin Bank Mahua IFSC Code

The Bihar Gramin Bank branch in Mahua, located in the Vaishali district of Bihar, plays a vital role for residents and businesses in the area. When you need to send or receive money electronically, understanding the Indian Financial System Code, or IFSC, for this branch is crucial. The IFSC code is like a unique address for a bank branch. It is essential for various digital money transfers, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, your funds cannot reach the intended recipient’s account.

Branch Details

Here are the key details for the Bihar Gramin Bank branch in Mahua:

Bank Name	Bihar Gramin Bank
Branch Name	Mahua
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100152
Branch Address	Mahua, VAISHALI, 844122
Contact Number	9297955011
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844122
State	Bihar

Merger Update for Bihar Gramin Bank

It’s important to understand the recent changes regarding Bihar Gramin Bank. Previously, there were two distinct regional rural banks in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have merged to form the single entity now known as Bihar Gramin Bank. This merger also means a standardized IFSC code system. All branches of the newly formed Bihar Gramin Bank now use a unified IFSC code structure. The Mahua branch, along with all other branches, operates under the sponsorship of Punjab National Bank (PNB).

For this reason, the IFSC code for Bihar Gramin Bank’s Mahua branch is PUNB0MBGB06. The first four characters, “PUNB”, clearly indicate Punjab National Bank, the sponsor bank. Any old IFSC codes that belonged to UBGB or DBGB for their respective branches have been revoked. This means they are no longer valid for any electronic fund transfers. To ensure your transactions go through successfully, you must always use the new and correct IFSC code, PUNB0MBGB06, for the Mahua branch.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code that uniquely identifies each bank branch participating in electronic funds transfers in India. Think of it as a specific digital address for a bank branch. This code is crucial for directing your money to the right place. The structure of an IFSC code is standard across all banks:

• The first four characters represent the bank name. For Bihar Gramin Bank, sponsored by PNB, these are “PUNB”.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain uniqueness.
• The last six characters identify the specific branch. For the Mahua branch, these are “MBGB06”.

So, for Bihar Gramin Bank, Mahua branch, the IFSC is PUNB0MBGB06.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you are making electronic fund transfers. Whether you’re using NEFT, RTGS, or IMPS, the steps are quite similar:

1. Log in to your Net Banking or Mobile Banking App: Access your online banking portal or the mobile application provided by your bank.
2. Initiate a Fund Transfer: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add a New Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves providing their details.
4. Enter Beneficiary Details: You will need to provide the following information for the person you are sending money to:
   • Beneficiary’s Name
   • Beneficiary’s Bank Account Number (you will usually enter this twice for confirmation)
   • Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary’s Branch Name (e.g., Mahua)
   • Beneficiary’s IFSC Code (PUNB0MBGB06 for Mahua branch)
5. Verify and Confirm: Double-check all the details you have entered, especially the account number and IFSC code, to avoid sending money to the wrong account.
6. Enter Amount and Complete Transaction: Specify the amount you wish to transfer and confirm the transaction using your password or PIN.

It is always recommended to verify the IFSC code with the beneficiary or from official bank sources before initiating a transfer, especially for large amounts.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch, or for the branches you frequently transact with, offers several advantages:

• Enables Electronic Transfers: It is mandatory for all NEFT, RTGS, and IMPS transactions, allowing for quick and secure digital fund transfers.
• Accuracy in Transactions: The unique code ensures that your money reaches the precise intended branch and account, reducing errors.
• Faster Processing: Correct IFSC codes help in the swift processing of transactions, as funds are routed directly to the specific branch.
• Online Bill Payments: Many online bill payment services and e-commerce platforms require an IFSC code if you set up direct bank transfers for payments.
• Receiving Funds: If someone needs to send you money via NEFT, RTGS, or IMPS, they will require your branch’s IFSC code.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank Mahua branch or general banking services, you can use the following contact details:

• Mahua Branch Contact Number: 9297955011
• Mahua Branch Address: Mahua, VAISHALI, 844122, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank Customer Care): 18001807777

Frequently Asked Questions (FAQs)

Q1: What does PUNB0MBGB06 stand for?
A1: PUNB0MBGB06 is the IFSC code for the Bihar Gramin Bank, Mahua branch. “PUNB” indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank. The ‘0’ is a control character, and “MBGB06” identifies the specific Mahua branch.

Q2: Can I use an old UBGB or DBGB IFSC code for a Bihar Gramin Bank transaction?
A2: No, you cannot. Following the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) into Bihar Gramin Bank, all old IFSC codes for UBGB and DBGB branches have been revoked. You must use the new, unified IFSC code structure, like PUNB0MBGB06 for the Mahua branch, for all electronic fund transfers.

Q3: What is the difference between an IFSC code and a MICR code?
A3: An IFSC code (Indian Financial System Code) is an 11-character alphanumeric code used for online fund transfers like NEFT, RTGS, and IMPS. A MICR code (Magnetic Ink Character Recognition) is a 9-digit code found on cheques. It is used for processing cheques and clearing purposes. Both are unique identifiers but serve different functions.

Q4: How do I find the IFSC code for another Bihar Gramin Bank branch?
A4: You can find the IFSC code for any Bihar Gramin Bank branch by visiting the bank’s official website, using reliable third-party financial portals, or by directly contacting the specific branch or the bank’s customer service. Always confirm the code from a trusted source before using it.

Q5: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A5: No, the IFSC code is unique for each individual branch. While the first five characters (e.g., PUNB0) might be common across many Bihar Gramin Bank branches due to the common sponsor bank and merger, the last six characters will be different for each specific branch (e.g., MBGB06 for Mahua, another set of characters for a different branch). Therefore, it’s crucial to use the exact IFSC code for the beneficiary’s specific branch.