Masumganj is a locality in Munger (Monghyr) district of Bihar, PIN 813201. The Bihar Gramin Bank branch at Masumganj serves rural and semi-urban customers for savings, deposits, loans and remittances. For electronic fund transfers using NEFT, RTGS or IMPS, the IFSC code uniquely identifies this branch and ensures funds route correctly and safely from sender to beneficiary bank accounts.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Masumganj |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3216 |
| Branch Address | Masumganj, Munger (Monghyr), 813201, 8102918722 |
| Contact Number | 8102918722 |
| City | Munger (Monghyr) |
| District | Munger (Monghyr) |
| Reason | BHAGALPUR |
| Pincode | 813201 |
| State | Bihar |
Merger Update
The Bihar Gramin Bank branches that earlier operated under Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been consolidated. After the merger, transactions for these rural bank branches are processed under Punjab National Bank’s routing. The single valid IFSC for this merged entity is PUNB0MBGB06. Old UBGB or DBGB IFSC codes have been revoked and will not work for NEFT/RTGS/IMPS. Always use the new IFSC code PUNB0MBGB06 when initiating transfers to this branch.
What is an IFSC Code?
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to route electronic payments to the correct bank branch. The structure:
- First 4 characters — identify the bank (example: PUNB = Punjab National Bank).
- 5th character — reserved and is always 0 (zero).
- Last 6 characters — identify the specific branch (example: MBGB06).
Example for Masumganj branch: PUNB (bank) + 0 + MBGB06 (branch) = PUNB0MBGB06.
How to Use IFSC Code for NEFT, RTGS and IMPS
- Collect required details: beneficiary name, account number, IFSC code (PUNB0MBGB06 for Masumganj), and purpose of transfer if needed.
- Login to your bank channel: netbanking, mobile app or visit branch/ATM where applicable.
- Select transfer type: IMPS for instant small-value payments (24×7), NEFT for general transfers (now available 24×7 in batches), RTGS for large-value urgent transfers (used for high-value payments; banks set limits—check with your bank for thresholds and charges).
- Enter details precisely: paste or type the IFSC exactly (capital letters). Wrong IFSC may route the payment incorrectly or cause failure/delay.
- Verify and confirm: many systems show beneficiary bank name after entering IFSC—confirm it matches Punjab National Bank / Bihar Gramin Bank (Masumganj). Confirm account number and name before authorizing.
- Note timeframes and cut-offs: IMPS is immediate. NEFT settlements are processed quickly now with near-round-the-clock availability, but credit timing can vary by receiving bank. RTGS is intended for high-value same-day settlement; confirm any per-bank cut-offs and charges.
- Save beneficiary: to avoid repeated entry errors, save the beneficiary as a beneficiary and complete any mandated activation/wait period the remitter’s bank requires.
Benefits of Knowing the IFSC Code
- Ensures funds reach the correct branch and account without manual intervention.
- Required for all electronic transfers (NEFT, RTGS, IMPS) and for many online payment forms.
- Reduces transfer errors and failed transactions when entered correctly.
- Makes beneficiary setup faster and safer when saving payee details in netbanking or mobile apps.
- Helps customer support quickly identify the receiving branch for dispute resolution.
Contact
Branch phone: 8102918722
Branch address: Masumganj, Munger (Monghyr), 813201
Head office address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777
FAQs
Q: Can I use an old UBGB or DBGB IFSC for transfers to Masumganj branch?
A: No. Old UBGB and DBGB IFSC codes have been revoked after the merger. Use the new IFSC PUNB0MBGB06 for all NEFT/RTGS/IMPS transfers.
Q: What happens if I enter the wrong IFSC?
A: If the wrong IFSC points to another valid branch, funds may route to that branch and recovery requires inter-bank recall, which can take time and may not always succeed. If the IFSC is invalid, the transfer will usually fail and be returned to your account. Always double-check the IFSC and account number.
Q: Which system should I use for urgent large transfers?
A: Use RTGS for high-value, urgent transfers (banks may set minimums). For immediate transfers at any value, IMPS is available 24×7. NEFT is suitable for most transfers and is available round-the-clock, though actual credit timing can vary by bank.
Q: How can I confirm the IFSC before sending money?
A: Confirm the IFSC with the beneficiary directly, check the bank’s printed cheque leaf (IFSC usually on cheques), or call the branch at 8102918722. After entering IFSC during beneficiary setup, many bank apps display the branch name—verify it matches Masumganj, Munger.
Q: Are there limits or charges for these transfers?
A: Banks set their own charges and per-transaction limits for NEFT/RTGS/IMPS. IMPS may have lower per-transaction limits set by banks. Check with your bank or branch for exact fees and limits before initiating large transfers.
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.