Bihar Gramin Bank MASAURAH IFSC Code

The Bihar Gramin Bank branch in MASAURAH, located in the Nawada district of Bihar, serves as a crucial point for banking services in the region. When you need to transfer money electronically, whether through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), an IFSC (Indian Financial System Code) is absolutely essential. This unique code ensures your funds reach the correct recipient bank and branch quickly and securely.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	MASAURAH
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7292
Branch Address	MASAURAH, Nawada, 805109, 9771464292
Contact Number	9771464292
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805109
State	Bihar

Merger Update

For customers of regional rural banks in Bihar, it’s important to be aware of recent changes. Banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged over time. These mergers have resulted in a streamlined banking structure under the sponsorship of Punjab National Bank. As part of this consolidation, Bihar Gramin Bank branches, including the MASAURAH branch, now use a unified IFSC code system. The specific IFSC code for this branch, PUNB0MBGB06, reflects this new structure. This means any older IFSC codes previously associated with UBGB or DBGB are no longer valid for transactions. Always use the current and official IFSC code, such as PUNB0MBGB06, for all your electronic fund transfers to ensure they are processed correctly.

What is an IFSC Code?

An IFSC code is an 11-character code used by banks in India for electronic fund transfers. It helps identify a specific bank branch for online transactions. The code is structured in a clear way:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsor bank.
• The fifth character is always a ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, ‘MBGB06’ identifies the MASAURAH branch of Bihar Gramin Bank.

This unique alphanumeric combination ensures that your money transfer goes to the exact branch you intend, preventing errors in the banking system.

How to Use an IFSC Code

Using an IFSC code for online money transfers is straightforward. Here are the general steps for NEFT, RTGS, and IMPS:

1. Log in to Net Banking or Mobile Banking: Access your bank’s online platform using your credentials.
2. Select Fund Transfer Option: Look for options like ‘Fund Transfer,’ ‘NEFT,’ ‘RTGS,’ or ‘IMPS.’
3. Add Beneficiary: If you’re sending money to a new recipient, you’ll need to add them as a beneficiary. You will typically provide:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Beneficiary’s Account Type (Savings, Current, etc.)
   • Beneficiary’s Bank Name (Bihar Gramin Bank)
   • Beneficiary’s Branch Name (MASAURAH)
   • The IFSC Code (PUNB0MBGB06)
4. Confirm Details: Double-check all the entered information, especially the account number and IFSC code, to avoid mistakes.
5. Enter Amount and Remarks: Specify the amount you wish to transfer and add an optional remark for your transaction.
6. Authenticate Transaction: Complete the transfer using your transaction password or OTP (One Time Password).

Once confirmed, the funds will be transferred electronically to the beneficiary’s account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for someone you’re sending money to, offers several advantages:

• Accurate Fund Transfers: It guarantees that your money reaches the right bank and branch without errors.
• Faster Processing: IFSC codes enable quick processing of electronic transfers like NEFT, RTGS, and IMPS.
• Secure Transactions: By precisely identifying the destination, it adds an extra layer of security to your transactions.
• Mandatory for Online Banking: It’s a required piece of information for all inter-bank electronic fund transfers.
• Convenience: You can easily initiate transfers from anywhere, anytime, using net banking or mobile banking.

Contact Information

For any queries related to the Bihar Gramin Bank MASAURAH branch, you can use the following contact details:

• Branch Phone Number: 9771464292
• Branch Address: MASAURAH, Nawada, 805109, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and Bihar Gramin Bank:

Q1: Is the IFSC code unique for every bank branch?
Yes, each bank branch in India has its own unique 11-character IFSC code. This helps the banking system direct funds to the correct location.

Q2: Can I use an old IFSC code if the bank branch has merged or changed its name?
No, it’s crucial to always use the most current IFSC code. If a bank branch has merged or changed its name, its IFSC code may have been updated or entirely replaced. Using an old or incorrect code will lead to transaction failure.

Q3: What should I do if my online transfer fails due to an incorrect IFSC code?
If a transfer fails because of an incorrect IFSC code, the money is usually returned to your account within a few hours or one to two working days. You should then re-initiate the transfer using the correct IFSC code.

Q4: How can I find the IFSC code for another bank branch?
You can find IFSC codes on your bank’s website, your cheque book, or by using online IFSC lookup tools. You can also contact the bank’s customer service for assistance.

Q5: Is the MICR code the same as the IFSC code?
No, they are different. The IFSC code is for electronic transfers. The MICR (Magnetic Ink Character Recognition) code is a 9-digit number mainly used for processing paper cheques. While both are important for banking, they serve different purposes.