Bihar Gramin Bank Murautpur IFSC Code

If you are looking to send or receive money to or from the Bihar Gramin Bank branch in Murautpur, Vaishali, understanding the IFSC code is essential. This unique code acts like a digital address, ensuring your funds go to the correct bank and branch. Whether you’re using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC code is a key piece of information needed for secure and accurate online fund transfers.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Murautpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108053
Branch Address	Murautpur, VAISHALI, 844506, 9297955013
Contact Number	9297955013
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844506
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two important regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger streamlined operations and brought these banks under a unified structure, sponsored by Punjab National Bank. Because of this merger, all branches, including Murautpur, now use a single, standardized IFSC code.

The Murautpur branch of Bihar Gramin Bank uses the IFSC code PUNB0MBGB06. It’s crucial to understand that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now revoked and no longer valid for transactions. Always use the new code, PUNB0MBGB06, for all your financial transfers to ensure they are processed correctly.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers within India. Think of it as a specific address for your bank branch in the digital banking world. This code helps the banking system route your money to the exact recipient branch, preventing errors.

The structure of the IFSC code is always the same:

• The first four characters represent the bank name. For the Murautpur branch’s IFSC code, PUNB stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use and remains constant across all IFSC codes.
• The last six characters identify the specific branch. In PUNB0MBGB06, the MBGB06 part refers to the Murautpur branch of Bihar Gramin Bank.

How to Use an IFSC Code

When you need to send money electronically using services like NEFT, RTGS, or IMPS, the IFSC code is a mandatory detail. Here’s a basic overview of how you’d use it:

1. Gather Beneficiary Details: Before starting a transaction, you will need the beneficiary’s full name, their bank account number, the type of account (savings or current), and the correct IFSC code for their specific bank branch.
2. Log in to Your Net Banking or Mobile Banking App: Access your online banking portal or mobile app.
3. Select Fund Transfer Option: Choose either NEFT, RTGS, or IMPS, depending on the amount you want to send and how quickly you need it to reach the recipient.
   • NEFT (National Electronic Funds Transfer): This service processes transactions in batches throughout the day. It’s suitable for most standard fund transfers.
   • RTGS (Real Time Gross Settlement): Ideal for high-value transactions (typically above ₹2 lakhs). Funds are transferred individually and in real-time.
   • IMPS (Immediate Payment Service): This allows for instant, 24/7 fund transfers, even on holidays. It’s great for smaller, urgent payments.
4. Add Beneficiary (If New): If you haven’t sent money to this person before, you’ll need to add them as a new beneficiary. You’ll input their account number, account holder name, and the Murautpur branch’s IFSC code (PUNB0MBGB06). Some banks may have a waiting period for new beneficiaries.
5. Initiate Transfer: Once the beneficiary is added or selected, enter the amount you wish to transfer and confirm the transaction. The IFSC code ensures your money reaches the Bihar Gramin Bank, Murautpur branch, and then the specific account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or the branch of someone you’re sending money to, offers several advantages:

• Ensures Accuracy: The primary benefit is that it guarantees your money is sent to the precise bank and branch, minimizing the risk of funds being misdirected.
• Facilitates Online Transfers: It is a mandatory requirement for all NEFT, RTGS, and IMPS transactions, enabling fast and efficient digital banking.
• Speeds Up Transactions: By providing a unique digital pathway, the IFSC code helps in quicker processing of electronic fund transfers compared to traditional methods.
• Boosts Security: It adds an extra layer of verification, ensuring that funds are routed through recognized banking channels.
• Simplifies Banking: Instead of needing a physical address or complex routing information, the 11-character IFSC code simplifies the process of identifying a specific bank branch.

Contact Section

For direct inquiries related to the Murautpur branch of Bihar Gramin Bank, you can use the following details:

• Branch Phone Number: 9297955013
• Branch Address: Murautpur, VAISHALI, 844506, BIHAR

For general inquiries or to reach the head office of Bihar Gramin Bank:

• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

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

Q2: Can I still use an old IFSC code if my account was with Uttar Bihar Gramin Bank (UBGB) before the merger?
A2: No, old IFSC codes for Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) are no longer valid. You must use the new, unified IFSC code PUNB0MBGB06 for all transactions involving the Murautpur branch.

Q3: Why is the fifth character of the IFSC code always ‘0’ (zero)?
A3: The fifth character of the IFSC code is reserved as a ‘0’ (zero) for future use. This allows for potential expansion or changes in the banking system without requiring a complete overhaul of the IFSC code structure.

Q4: What is the difference between an IFSC code and a MICR code?
A4: An IFSC code (Indian Financial System Code) is used for online fund transfers like NEFT, RTGS, and IMPS. It identifies a specific bank branch. A MICR code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing physical cheques. It helps in quickly identifying the bank and branch details on a cheque leaf.

Q5: Is Bihar Gramin Bank a government bank?
A5: Bihar Gramin Bank is a Regional Rural Bank (RRB) jointly owned by the Government of India, the Government of Bihar, and its sponsor bank, Punjab National Bank. RRBs operate under the supervision of the National Bank for Agriculture and Rural Development (NABARD).