Bihar Gramin Bank Mainatanr IFSC Code

The Bihar Gramin Bank branch in Mainatanr, located in the West Champaran district of Bihar, serves as a crucial financial hub for the local community. To facilitate smooth and secure digital money transfers, understanding the Indian Financial System Code (IFSC) is essential. This unique 11-character code is vital for conducting online transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS), ensuring that funds reach the correct recipient bank and branch without errors.

Branch Details

Here are the specific details for the Bihar Gramin Bank, Mainatanr branch:

Bank Name	Bihar Gramin Bank
Branch Name	Mainatanr
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100203
Branch Address	Mainatanr, WEST CHAMPARAN, 845306, 9297954063
Contact Number	9297954063
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845306
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank sponsored by Punjab National Bank. It was formed through the merger of several older Gramin Banks. For instance, entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), along with others such as Madhya Bihar Gramin Bank (which the “MBGB” in the IFSC code PUNB0MBGB06 points to), have merged to operate under the Bihar Gramin Bank name. This means that all branches now fall under a unified structure, with Punjab National Bank acting as the sponsor bank.

As a result of these mergers, the old IFSC codes previously used by these individual banks (like UBGB or DBGB) have been revoked. It is crucial to always use the current and valid IFSC code, which for Bihar Gramin Bank Mainatanr branch is PUNB0MBGB06. Any transactions attempted with an old, invalid IFSC code will likely fail.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch in India. It is essential for conducting electronic fund transfers. The structure of the IFSC code is standardized:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use and remains constant across all IFSC codes.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the Mainatanr branch under the Bihar Gramin Bank umbrella.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you want to transfer money online. Here’s how it works for different types of transactions:

• For NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches throughout the day. To send money via NEFT, you need the recipient’s bank name, branch name, account number, and the correct IFSC code. You initiate the transfer through your bank’s online portal or mobile app.
• For RTGS (Real Time Gross Settlement): RTGS is used for large-value transactions (typically above ₹2 lakh) and processes payments individually and continuously. Similar to NEFT, you will need the recipient’s bank details, including the specific IFSC code, to ensure the funds are settled in real-time.
• For IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. It is a popular choice for quick transfers. When using IMPS, you will generally need the recipient’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code.

In all these methods, the IFSC code acts as a digital address, guiding your funds to the precise branch of the recipient’s bank.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for any branch you need to transfer funds to, offers several important benefits:

• Accurate Fund Transfers: It ensures that your money reaches the correct recipient and bank branch without errors.
• Faster Processing: Correct IFSC codes help banks process transactions efficiently, leading to quicker transfers.
• Security: It adds a layer of security by verifying the legitimacy of the receiving branch during digital transactions.
• Convenience for Online Banking: Essential for using online banking services to initiate NEFT, RTGS, and IMPS transfers from anywhere.
• Avoiding Transaction Failures: An incorrect IFSC code is a common reason for failed transactions, so having the right one prevents delays and hassles.

Contact Information

Should you need to get in touch with the Bihar Gramin Bank Mainatanr branch or the head office, here are the details:

• Branch Phone Number: 9297954063
• Branch Address: Mainatanr, WEST CHAMPARAN, 845306, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank Mainatanr branch?
A1: The IFSC code for Bihar Gramin Bank, Mainatanr branch is PUNB0MBGB06.

Q2: Can I use an old IFSC code for Bihar Gramin Bank Mainatanr?
A2: No, it is strongly advised not to use old IFSC codes. Due to bank mergers, many older codes have been revoked. Always use the current and valid IFSC code, which is PUNB0MBGB06 for this specific branch, to ensure your transaction is successful.

Q3: Is the MICR code also important for online transactions?
A3: While the IFSC code is crucial for NEFT, RTGS, and IMPS, the MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. It helps in the fast processing of cheques. For online fund transfers, the IFSC code is the key identifier.

Q4: How do I find my bank’s IFSC code if I don’t know it?
A4: You can typically find your bank’s IFSC code on your cheque book, bank passbook, or by logging into your bank’s official website or mobile banking app. Many financial portals also provide IFSC code lookup tools by entering the bank and branch name.

Q5: What happens if I enter the wrong IFSC code during a transaction?
A5: If you enter an incorrect IFSC code, the transaction will most likely fail. Your bank’s system will identify that the code does not match the recipient’s bank or branch, and the transfer will not be processed. This helps prevent funds from being sent to the wrong place, but it will cause delays until you use the correct code.