Bihar Gramin Bank MAHUDAR IFSC Code

You’re looking to send money to or receive funds from the Bihar Gramin Bank MAHUDAR branch in Nawada, Bihar. Knowing the correct Indian Financial System Code (IFSC) is key for any digital money transfer. This unique code is essential for ensuring your funds reach the intended bank and branch safely and quickly through services like NEFT, RTGS, and IMPS. It acts like a digital address, preventing errors in your transactions.

Branch Details

Here are the important details for the Bihar Gramin Bank MAHUDAR branch:

Bank Name	Bihar Gramin Bank
Branch Name	MAHUDAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7289
Branch Address	MAHUDAR, Nawada, 805106, 9771464289
Contact Number	9771464289
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805106
State	Bihar

Merger Update for Regional Rural Banks

Bihar Gramin Bank, like many other Regional Rural Banks (RRBs) in India, operates under the sponsorship of a larger public sector bank. Specifically, this branch’s IFSC code, PUNB0MBGB06, indicates its association with Punjab National Bank (PNB). It’s important to know that several regional rural banks, including what were formerly Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), have merged. As a result, a unified and standardized IFSC code structure, beginning with “PUNB0” for Punjab National Bank, is now used for these consolidated entities.

For transactions involving these banks, including Bihar Gramin Bank, only the new, standardized IFSC code like PUNB0MBGB06 is valid. Any old IFSC codes that may have been used previously by individual regional rural bank branches (like old UBGB codes) have been revoked. Always ensure you use the correct, updated IFSC code to avoid any transfer issues.

What is an IFSC Code?

The IFSC Code stands for the Indian Financial System Code. It is an 11-character code assigned by the Reserve Bank of India (RBI) to uniquely identify every bank branch participating in online money transfers. This code is crucial for National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) transactions.

The structure of an IFSC code is specific:

• The first four characters identify the bank. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank.
• The fifth character is always ‘zero’ (0). This character is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters uniquely identify the specific bank branch. In PUNB0MBGB06, “MBGB06” points to the MAHUDAR branch of Bihar Gramin Bank within the PNB system.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you’re making an online fund transfer. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log in to your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select the “Fund Transfer” Option: This is usually found under a “Payments” or “Transfer” menu.
3. Add a Beneficiary (if new): You’ll need the recipient’s details if you haven’t sent money to them before.
4. Enter Beneficiary Details:
   • Recipient’s Account Number
   • Recipient’s Account Holder Name
   • Recipient’s Bank Name (e.g., Bihar Gramin Bank)
   • Recipient’s Branch Name (e.g., MAHUDAR)
   • The correct IFSC Code (PUNB0MBGB06)
5. Choose Transfer Type: Select NEFT, RTGS, or IMPS based on the amount and urgency of the transfer.
6. Enter Amount: Specify how much money you want to send.
7. Confirm and Authorize: Review all details carefully before confirming the transfer, often with an OTP (One-Time Password) or transaction password.

Always double-check the IFSC code and account number before initiating a transfer. A small mistake can lead to funds being sent to the wrong account.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Accurate Fund Transfers: Ensures your money goes to the right bank and branch without errors.
• Faster Processing: Enables quick processing of NEFT, RTGS, and IMPS transactions.
• Security: Reduces the risk of fraud and misdirection of funds by positively identifying the recipient’s branch.
• Convenience: Facilitates easy online banking, allowing you to send or receive money from anywhere.
• Essential for Digital Payments: Required for various digital payment services and platforms that link directly to bank accounts.

Contact Information

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

• MAHUDAR Branch Phone Number: 9771464289
• MAHUDAR Branch Address: MAHUDAR, Nawada, 805106, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank sponsor): 18001807777

Frequently Asked Questions

What is the full form of IFSC?

IFSC stands for Indian Financial System Code.

Is the IFSC code for Bihar Gramin Bank MAHUDAR always PUNB0MBGB06?

Yes, for the MAHUDAR branch of Bihar Gramin Bank under its current structure with Punjab National Bank sponsorship, PUNB0MBGB06 is the correct and permanent IFSC code for all online transactions.

Can I use an old IFSC code for a merged regional rural bank branch?

No, if a regional rural bank has merged or adopted a new standardized IFSC code under a sponsoring bank like Punjab National Bank, any old IFSC codes are no longer valid for transactions. Always use the updated code, such as PUNB0MBGB06.

What happens if I enter the wrong IFSC code during a transfer?

If you enter an incorrect IFSC code, the transaction will likely fail and be rejected by the bank. In some rare cases, if the incorrect code matches another valid branch, the funds might be sent to the wrong account, which can be difficult to recover. Always double-check.

Is the IFSC code the same as the MICR code?

No, the IFSC code and MICR (Magnetic Ink Character Recognition) code are different. The IFSC code is for online fund transfers, while the MICR code (800811002 for MAHUDAR) is a 9-digit code primarily used for processing cheques.