Bihar Gramin Bank Malmaliya More IFSC Code

When you need to send or receive money electronically in India, an IFSC code is essential. For the Bihar Gramin Bank branch at Malmaliya More in Siwan, Bihar, knowing this code ensures your transactions like NEFT, RTGS, or IMPS go smoothly. It acts like a unique digital address for the branch, making sure your funds reach the correct bank and specific branch without error.

Branch Details

Here are the key details for the Bihar Gramin Bank, Malmaliya More branch:

Bank Name	Bihar Gramin Bank
Branch Name	Malmaliya More
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100653
Branch Address	Malmaliya More, SIWAN, 841406, 9504788858
Contact Number	9504788858
City	SIWAN
District	SIWAN
Pincode	841406
State	Bihar

Merger Update

The Bihar Gramin Bank, under which the Malmaliya More branch operates, was formed by the merger of two prominent regional rural banks: the Uttar Bihar Gramin Bank (UBGB) and the Dakshin Bihar Gramin Bank (DBGB). This consolidation brought all their branches under a single operational umbrella, sponsored by Punjab National Bank.

As a direct result of this merger, all branches of the now-unified Bihar Gramin Bank use a new, standardized IFSC code structure. This means any old IFSC codes previously associated with UBGB or DBGB branches have been revoked and are no longer valid for conducting electronic transactions.

For the Malmaliya More branch, and indeed for all Bihar Gramin Bank branches, the only valid IFSC code to use for any fund transfers is PUNB0MBGB06. Always ensure you use this updated code to guarantee your NEFT, RTGS, or IMPS transfers are processed correctly and reach their intended destination without issues.

What is an IFSC Code?

An IFSC, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in electronic funds transfers within India. This code is crucial for ensuring that money sent through online methods like NEFT, RTGS, and IMPS reaches the exact intended branch and account.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank of Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use by the Reserve Bank of India.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely points to the Malmaliya More branch of Bihar Gramin Bank.

How to Use IFSC Code

The IFSC code is a mandatory detail for initiating most electronic fund transfers. Here’s how you typically use it for different types of transactions:

• NEFT (National Electronic Funds Transfer): This system processes transactions in batches. When setting up a NEFT transfer through your bank’s online portal or mobile app, you will need to provide the beneficiary’s name, account number, account type, and the correct IFSC code (PUNB0MBGB06 for Malmaliya More branch).
• RTGS (Real Time Gross Settlement): Designed for large-value transactions, RTGS processes funds individually and in real-time. Similar to NEFT, you’ll enter the beneficiary’s details, including their bank account number and the exact IFSC code (PUNB0MBGB06).
• IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, often used for smaller amounts. Whether you’re using a mobile banking app or internet banking, the beneficiary’s account number and the correct IFSC code (PUNB0MBGB06) are necessary for the transaction to go through immediately.

Always double-check the IFSC code before confirming a transaction to prevent funds from being sent to the wrong account or branch.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for a bank branch offers several practical advantages:

• It ensures accurate fund transfers by uniquely identifying the destination bank and branch.
• It facilitates quick and efficient electronic payments for both personal and business transactions.
• It reduces the risk of manual errors that could occur with physical forms or incorrect branch identification.
• It is necessary for all major online banking transactions like NEFT, RTGS, and IMPS.
• It identifies a specific bank and branch reliably, which is crucial for inter-bank communication and operations.

Contact Information

For inquiries related to the Bihar Gramin Bank, Malmaliya More branch, or the bank’s services, you can use the following contact details:

• Branch Phone Number: 9504788858
• Branch Address: Malmaliya More, SIWAN, 841406, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are answers to some common questions about the Bihar Gramin Bank IFSC code:

Q1: What is the IFSC code for Bihar Gramin Bank, Malmaliya More branch?

A1: The IFSC code for the Bihar Gramin Bank, Malmaliya More branch, is PUNB0MBGB06. Always use this specific code for your electronic transactions.

Q2: Why is the IFSC code important for online fund transfers?

A2: The IFSC code acts as a unique digital address for a bank branch. It is crucial because it ensures your funds are routed accurately to the correct bank and specific branch, preventing misdirected payments during NEFT, RTGS, or IMPS transactions.

Q3: Can I still use an old IFSC code if a bank has merged?

A3: No, after a merger, old IFSC codes become invalid. For Bihar Gramin Bank, which was formed from the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank, only the new, unified IFSC codes like PUNB0MBGB06 are valid for electronic transactions. Using an old code will result in transaction failure.

Q4: Which major bank sponsors Bihar Gramin Bank?

A4: Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). This sponsorship is reflected in the first four characters of its IFSC code, “PUNB”.

Q5: What is the MICR code for the Malmaliya More branch, and why is it useful?

A5: The MICR (Magnetic Ink Character Recognition) code for the Malmaliya More branch is 800811002. This 9-digit code is primarily used for processing cheques and identifying the bank and branch efficiently during cheque clearing, helping to prevent fraud.