Bihar Gramin Bank MASAURHI IFSC Code

If you need to send or receive funds from the Bihar Gramin Bank branch located in MASAURHI, Patna, Bihar, you will require its Indian Financial System Code (IFSC). This unique 11-character code is essential for making secure and swift digital money transfers. Whether you are performing a National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the correct IFSC code ensures your money reaches the intended bank and branch without issues.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	MASAURHI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7318
Branch Address	MASAURHI, Patna, 804452
Contact Number	9771464318
City	Patna
District	Patna
Pincode	804452
State	Bihar

Merger Update

Previously, distinct banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated in the region. These banks have since undergone a merger process, leading to the formation of a larger regional rural banking entity. The MASAURHI branch, which is part of this network now operating as Bihar Gramin Bank, uses the IFSC code PUNB0MBGB06. It is important to note that this unified IFSC code is under the sponsorship of Punjab National Bank, which is the lead bank for this regional rural bank. All older IFSC codes previously used by UBGB or DBGB for their branches are now revoked and no longer valid for transactions. Only the new, standardized IFSC code, PUNB0MBGB06, should be used for all financial transactions related to this branch.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code that uniquely identifies every bank branch in India. It is critical for online money transfers. The structure of the IFSC code is standardized:

• The first four characters represent the bank. For example, ‘PUNB’ stands for Punjab National Bank, the sponsoring bank for this regional rural bank.
• The fifth character is always a zero (‘0’). This character is reserved for future use and acts as a control character.
• The last six characters identify the specific bank branch. In the case of PUNB0MBGB06, ‘MBGB06’ precisely identifies the MASAURHI branch of Bihar Gramin Bank.

How to Use an IFSC Code

When you need to transfer money using NEFT, RTGS, or IMPS, you will typically follow these steps through your bank’s online banking portal or mobile app:

1. Log In: Access your online banking account or mobile banking application.
2. Select Transfer Option: Choose the option for fund transfer, such as ‘NEFT’, ‘RTGS’, or ‘IMPS’.
3. Add Beneficiary: If you haven’t transferred to this person before, you will need to add them as a new beneficiary. This involves providing their details.
4. Enter Beneficiary Details: You will need to input the beneficiary’s full name, their bank account number, confirm the account number, select the account type (e.g., Savings, Current), and most importantly, enter the correct IFSC code, which is PUNB0MBGB06 for the MASAURHI branch.
5. Confirm and Transfer: After adding the beneficiary, you can select them from your list, enter the amount you wish to transfer, and confirm the transaction. The system uses the IFSC code to direct your funds accurately.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch, or for any branch you wish to send money to, offers several advantages:

• Accurate Fund Transfers: It ensures your money reaches the correct bank and branch, minimizing errors and delays.
• Faster Processing: Digital transactions like NEFT, RTGS, and IMPS are processed quickly, often within minutes, thanks to the precise routing enabled by the IFSC.
• Enhanced Security: The unique identification helps prevent fraudulent transactions by ensuring funds are directed to legitimate bank branches.
• Convenience: You can perform transactions from anywhere, anytime, without needing to visit a physical bank branch.
• Tracking: In case of any issues, the IFSC code helps in tracking the transaction details more efficiently.

Contact Section

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

• MASAURHI Branch Contact Number: 9771464318
• MASAURHI Branch Address: MASAURHI, Patna, 804452, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank): 18001807777

FAQs

Q1: Is the IFSC code required for cash deposits at the branch?
A1: No, if you are physically depositing cash directly into an account at the bank branch counter, you typically do not need the IFSC code. The account number and the account holder’s name are usually sufficient. The IFSC code is primarily for electronic fund transfers.

Q2: What happens if I use an incorrect IFSC code for a transfer?
A2: If the IFSC code you enter is incorrect, the transaction will usually fail. The banking system checks if the IFSC code matches the bank and branch details provided. If there’s a mismatch, the transfer will not go through, and your funds will not be debited from your account.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is almost always printed on your bank passbook and on the top left corner of your chequebook leaves. It is also available on the bank’s official website.

Q4: Is the MICR code the same as the IFSC code?
A4: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit code primarily used for processing cheques. It identifies the bank, city, and branch. While both are used for financial transactions, they serve different purposes.

Q5: What is the significance of the ‘0’ in the IFSC code?
A5: The fifth character in every IFSC code is always a ‘0’. This character is reserved for future use by the Reserve Bank of India (RBI). It acts as a control digit and helps maintain the unique structure of the code, allowing for potential expansion or changes in the banking system if needed.