Bihar Gramin Bank Malipur IFSC Code

The Malipur branch of Bihar Gramin Bank is located in the Begusarai district of Bihar. For anyone looking to send or receive money electronically through this branch, knowing its Indian Financial System Code (IFSC) is essential. This unique 11-character code acts as a specific address for the branch, ensuring that funds transferred via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) reach the correct account without any errors.

Bihar Gramin Bank, Malipur Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Malipur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	Malipur, Begusarai, 848204
Contact Number	8102918655
City	Begusarai
District	Begusarai
State	Bihar

Important Update on Bank Merger

Bihar Gramin Bank was formed by the merger of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). As part of this amalgamation, Punjab National Bank (PNB) became the sponsor bank. Consequently, all branches, including Malipur, now operate under a new, unified IFSC code structure that starts with ‘PUNB’. It is critical to note that all old IFSC codes belonging to UBGB and DBGB are no longer valid. Using an old code will result in a failed transaction. For any online fund transfer to the Malipur branch, you must use the new code: PUNB0MBGB06.

Understanding the IFSC Code

The IFSC is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the NEFT system. The structure is designed to be simple and error-free. Let’s break down the Malipur branch’s code, PUNB0MBGB06:

• PUNB: The first four letters represent the bank. In this case, it stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• 0: The fifth character is always a zero. It is reserved for future use by the Reserve Bank of India.
• MBGB06: The last six characters are the unique identifier for the specific branch. For the Malipur branch, this code is MBGB06.

Using the IFSC Code for Fund Transfers

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

1. Log in to your net banking or mobile banking application.
2. Navigate to the ‘Fund Transfer’ section and choose the payment method (NEFT, RTGS, or IMPS).
3. Select ‘Add Beneficiary’ or ‘Add Payee’. You will need to enter the recipient’s details.
4. Enter the beneficiary’s name, bank account number, and the bank name.
5. In the IFSC field, carefully type PUNB0MBGB06 for the Malipur branch.
6. Once the beneficiary is added, you can initiate the transfer by entering the amount and confirming the transaction.

Why the IFSC Code is Important

• Accuracy: It ensures that your money is routed directly to the intended bank branch, eliminating confusion between branches with similar names.
• Error Reduction: The system verifies the IFSC code before processing the transaction, which significantly reduces the chances of funds being sent to the wrong account.
• Efficiency: It enables automated processing of transactions, making transfers via NEFT, RTGS, and IMPS faster and more reliable.
• Identification: It serves as a standard identifier for every bank branch in India’s electronic payment network.

Contact Information

For any specific queries, you can contact the branch or the bank’s head office directly.

Malipur Branch
Phone: 8102918655
Address: Malipur, Begusarai, 848204, Bihar

Bihar Gramin Bank Head Office
Address: Shri Vishnu Commercial Complex, Asochak, Patna-800030, Bihar
Toll-Free Number: 18001807777

Frequently Asked Questions

Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
The code starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank after the merger of Uttar and Dakshin Bihar Gramin Banks. The new IFSC codes reflect this sponsorship.

Can I still use my old Dakshin Bihar Gramin Bank IFSC code?
No. All old IFSC codes associated with Dakshin Bihar Gramin Bank or Uttar Bihar Gramin Bank are now invalid. You must use the new ‘PUNB’ series IFSC code for all transactions to be successful.

Is the IFSC code the same for every Bihar Gramin Bank branch?
No. While the first four letters (‘PUNB’) are common for all branches, the last six characters are unique to each specific branch. For example, Malipur’s branch identifier is ‘MBGB06’.

What happens if I enter the wrong IFSC code?
If you enter an incorrect IFSC code, the transaction will likely be rejected by the banking system. In a rare case where the incorrect code matches another valid branch, the funds could be misdirected, leading to delays in getting your money back.

Do I need an IFSC code to deposit cash at the Malipur branch?
No, an IFSC code is not required for over-the-counter cash deposits. It is only necessary for electronic fund transfers like NEFT, RTGS, and IMPS.