The Matukpur branch of Bihar Gramin Bank is located in the Bhojpur district of Bihar. For anyone needing to send or receive money through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code is mandatory for all online fund transfers, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code ensures that your money is routed correctly to the intended bank branch, preventing errors and delays.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | MATUKPUR |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | MATUKPUR, Bhojpur, 802311 |
| Contact Number | 7541807537 |
| City | Bhojpur |
| District | Bhojpur |
| Region | ARA |
| Pincode | 802311 |
| State | Bihar |
Merger and IFSC Update
It is important to note that Bihar Gramin Bank was formed by the amalgamation of two separate regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, the new entity is sponsored by Punjab National Bank (PNB). As a result, all old IFSC codes belonging to the former UBGB and DBGB branches are now invalid and have been revoked. All branches of the newly formed Bihar Gramin Bank now use a single, unified IFSC code: PUNB0MBGB06. Using an old code will result in a failed transaction.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the NEFT system. The Reserve Bank of India (RBI) assigns these codes to ensure the accuracy of electronic fund transfers.
The structure of the IFSC code PUNB0MBGB06 can be broken down as follows:
- PUNB: The first four letters represent the name of the sponsor bank, which is Punjab National Bank.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters represent the specific branch code. In this case, ‘MBGB06’ is the code assigned to the Matukpur branch area under the unified system.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for an online money transfer is a straightforward process. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.
- Add a Beneficiary: Before you can send money, you must add the recipient as a beneficiary. You will need their name, bank account number, and the IFSC code of their bank branch (PUNB0MBGB06 for this branch).
- Select Transfer Type: Choose the method you want to use, such as NEFT, RTGS, or IMPS. IMPS is instant, while NEFT transfers are processed in batches and RTGS is for high-value transactions.
- Enter Details: Enter the amount you wish to transfer and select the beneficiary you just added. The bank details, including the IFSC code, will be auto-populated.
- Authenticate and Confirm: Verify all the details are correct. You will then need to authenticate the transaction, usually with a password, PIN, or a one-time password (OTP) sent to your registered mobile number.
Benefits of Using the Correct IFSC Code
- Accurate Transactions: It ensures your money goes to the exact bank and branch you intend, eliminating routing errors.
- Faster Processing: A correct IFSC code allows for automated, straight-through processing, which minimizes delays.
- Prevents Failed Transfers: Using an invalid or incorrect code is one of the most common reasons for transaction failure.
- Secure Payments: It is a key component of the secure electronic payment infrastructure managed by the RBI.
Contact Information
For any specific queries or assistance, you can contact the branch directly or reach out to the bank’s head office.
Branch Contact
Phone: 7541807537
Address: MATUKPUR, Bhojpur, Bihar – 802311
Head Office
Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
Toll-Free Number: 1800-180-7777
Frequently Asked Questions
Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
The first four letters of an IFSC code represent the sponsor bank. Since Bihar Gramin Bank is sponsored by Punjab National Bank (PNB), its IFSC code begins with ‘PUNB’.
Is the old IFSC code for Dakshin Bihar Gramin Bank still valid?
No. All old IFSC codes associated with Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are now invalid. You must use the new, unified IFSC code (PUNB0MBGB06) for all transactions.
What happens if I enter the wrong IFSC code?
If you enter an invalid IFSC code, the transaction will likely be rejected immediately. If you enter a valid code but for the wrong branch, the funds could be sent to that branch, leading to significant delays in getting your money returned.
Do all branches of Bihar Gramin Bank have the same IFSC code?
No. While the first four letters (PUNB) and the fifth character (0) might be consistent, the last six characters are unique for each branch. Always verify the specific code for the branch you are dealing with.
Do I need an IFSC code to send money via UPI?
No, you do not need an IFSC code for standard UPI transactions. UPI payments use a Virtual Payment Address (VPA), such as yourname@bank, which is linked directly to your bank account.
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.