This article provides details about the Bihar Gramin Bank branch located in MASHARHI, Patna, Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is crucial for anyone needing to send or receive money through digital channels. The IFSC code acts like a unique address for each bank branch, ensuring that your funds reach the correct destination quickly and securely, whether you are using NEFT, RTGS, or IMPS for your transactions.
Branch Details
Here are the key details for the Bihar Gramin Bank MASHARHI branch:
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | MASHARHI |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7550 |
| Branch Address | MASHARHI, Patna, 803201, 7541807550 |
| Contact Number | 7541807550 |
| City | Patna |
| District | Patna |
| Reason | PATNA |
| Pincode | 803201 |
| State | Bihar |
Merger Update
Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). As a result of this merger, all branches now operate under a unified structure, sponsored by Punjab National Bank. This means that all IFSC codes for Bihar Gramin Bank branches, including the MASHARHI branch, start with
PUNB0.
The current IFSC code for the MASHARHI branch is PUNB0MBGB06. It is important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are no longer valid for transactions. Only the new, standardized IFSC codes, like PUNB0MBGB06, should be used for all financial transfers.
What is an IFSC Code?
The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code used to identify all bank branches participating in online money transfers. This code is crucial for ensuring funds are routed to the correct destination. The structure of the IFSC code is straightforward:
- The first four characters represent the bank name. For Bihar Gramin Bank, this is PUNB, indicating its sponsoring bank, Punjab National Bank.
- The fifth character is always zero (0). This character is reserved for future use.
- The last six characters uniquely identify the specific bank branch. For the MASHARHI branch, these are MBGB06.
How to Use an IFSC Code
Using an IFSC code is a standard part of initiating online fund transfers. Here’s a general guide for NEFT, RTGS, and IMPS transactions:
- Log In: Access your online banking portal or mobile banking application.
- Select Transfer Type: Choose the type of transfer you want to make (NEFT, RTGS, or IMPS).
- Add Beneficiary: If you haven’t sent money to this person before, you’ll need to add them as a beneficiary.
- Enter Details: Provide the beneficiary’s name, their bank account number, the account type (savings, current), and the correct IFSC code for their branch (in this case, PUNB0MBGB06 for MASHARHI branch).
- Enter Amount: Specify the amount you wish to transfer.
- Confirm: Review all the details carefully, then confirm the transaction.
Always double-check the IFSC code and account number to avoid delays or incorrect transfers.
Benefits of Knowing Your IFSC Code
Knowing the IFSC code for your bank branch offers several practical advantages:
- Accurate Transfers: It ensures that money is transferred to the correct bank and specific branch, reducing errors.
- Faster Processing: Transactions using IFSC codes are processed efficiently, especially for NEFT and RTGS, which are designed for bulk and large-value transfers.
- Secure Transactions: The unique identification helps in tracking transactions and adds a layer of security to electronic fund transfers.
- Enables Digital Payments: It is a mandatory requirement for initiating online transactions via net banking or mobile apps.
- Wider Reach: Facilitates transfers between different banks and branches across India.
Contact Information
- Branch Phone Number: 7541807550
- Branch Address: MASHARHI, Patna, 803201
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
Here are some common questions about the Bihar Gramin Bank MASHARHI branch and its IFSC code:
Q1: What is the IFSC code for Bihar Gramin Bank MASHARHI branch?
A1: The IFSC code for the Bihar Gramin Bank MASHARHI branch is PUNB0MBGB06.
Q2: Is the old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) still valid for transfers to this branch?
A2: No, old IFSC codes from UBGB or DBGB are no longer valid. Only the new unified IFSC code, PUNB0MBGB06, is valid for transactions to the MASHARHI branch of Bihar Gramin Bank.
Q3: What is the MICR code for the MASHARHI branch?
A3: The MICR (Magnetic Ink Character Recognition) code for this branch is 800811002.
Q4: For what types of transactions do I need the IFSC code?
A4: You need the IFSC code for all electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).
Q5: How can I find the full address of the Bihar Gramin Bank MASHARHI branch?
A5: The full address is MASHARHI, Patna, 803201. You can also find the contact number for the branch, which is 7541807550.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.