Bihar Gramin Bank Muktapur IFSC Code

If you are looking to manage your funds for the Bihar Gramin Bank branch located in Muktapur, Samastipur, Bihar, understanding its IFSC code is essential. This unique code acts like a digital address, enabling secure and accurate electronic fund transfers. Whether you need to send money through National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the IFSC code ensures your transaction reaches the correct recipient account without issues.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Muktapur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3983
Branch Address	Muktapur, Samastipur, 848101, 7070098475
Contact Number	7070098475
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848101
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two prominent Regional Rural Banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This unified entity now operates under the sponsorship of Punjab National Bank (PNB). As a result of this merger, all branches of the former UBGB and DBGB now use a single set of IFSC codes, which begin with “PUNB0”.

For the Muktapur branch of Bihar Gramin Bank, the valid IFSC code is PUNB0MBGB06. It is very important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. You must use only the new, unified IFSC code PUNB0MBGB06 for all your electronic fund transfers to this branch. Using an old or incorrect IFSC code will lead to transaction failure or delays.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an eleven-character alphanumeric code that uniquely identifies every bank branch in India participating in electronic funds transfer systems. Think of it as a unique address for each bank branch for digital transactions.

The IFSC code is structured in a specific way:

• The first four characters identify the bank. For example, “PUNB” in PUNB0MBGB06 indicates Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the Muktapur branch.

This structure ensures that every transaction is directed to the correct bank and branch, making the process highly secure and efficient.

How to Use IFSC Code

The IFSC code is crucial for initiating any electronic fund transfer. Here’s a simple step-by-step guide on how to use it for NEFT, RTGS, and IMPS transactions:

1. Log In to Banking: Access your internet banking portal or mobile banking application using your credentials.
2. Select Transfer Type: Choose the type of fund transfer you wish to make – NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary: If you are sending money to this account for the first time, you will need to add it as a beneficiary. Provide the beneficiary’s full name, bank account number, and account type (savings or current).
4. Enter IFSC Code: Carefully enter the IFSC code PUNB0MBGB06 for the Muktapur branch of Bihar Gramin Bank. Double-check for accuracy.
5. Enter Amount: Specify the amount of money you wish to transfer.
6. Review and Confirm: Review all the details you have entered, including the beneficiary name, account number, IFSC code, and amount. Once you are sure everything is correct, confirm the transaction.

NEFT transactions are processed in batches during specific hours. RTGS transfers are for large amounts and are processed in real time. IMPS provides instant transfers, even on holidays, for smaller amounts. For all these services, the correct IFSC code is non-negotiable.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several important advantages:

• Secure Fund Transfers: It ensures that your money is transferred to the correct beneficiary bank account and branch, reducing the risk of errors.
• Enables Digital Banking: The IFSC code is mandatory for all online fund transfers, including NEFT, RTGS, and IMPS, making digital banking possible.
• Faster Processing: With the correct IFSC code, transactions are processed quickly and efficiently, saving you time.
• Unique Identification: Each bank branch has a unique IFSC, allowing precise identification within the vast Indian banking network.
• Avoids Delays: Using the right code prevents transaction failures or delays that can occur due to incorrect bank or branch information.

Contact Information

For specific inquiries related to the Muktapur branch or Bihar Gramin Bank services, you can use the following contact details:

• Branch Phone Number: 7070098475
• Branch Address: Muktapur, Samastipur, 848101
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, Muktapur branch?
A1: The IFSC code for Bihar Gramin Bank, Muktapur branch, is PUNB0MBGB06.

Q2: Can I still use an old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) for the Muktapur branch?
A2: No, you cannot. Bihar Gramin Bank was formed by the merger of UBGB and DBGB. All old IFSC codes for UBGB and DBGB branches are now revoked. You must use the new, unified IFSC code PUNB0MBGB06 for all transactions to the Muktapur branch.

Q3: What transactions require an IFSC code?
A3: An IFSC code is required for all electronic fund transfers within India, including NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). It’s also needed for some online payment gateways and other banking services.

Q4: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A4: No, the first five characters (e.g., PUNB0) are common for all branches under Punjab National Bank’s sponsorship, but the last six characters are unique to each specific branch. This means the Muktapur branch has a different six-digit branch code than other Bihar Gramin Bank branches.

Q5: What is the difference between an IFSC code and a MICR code?
A5: An IFSC (Indian Financial System Code) is an 11-character code used for online fund transfers to identify a specific bank branch. A MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheque leaves, typically at the bottom. It is primarily used for processing physical cheques and identifying the bank and branch. While both identify a bank branch, they serve different purposes in the banking system.