Bihar Gramin Bank Mustafabad IFSC Code

When you need to send or receive money through digital banking channels in Mustafabad, SIWAN, Bihar, understanding the Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address for bank branches, ensuring your fund transfers, whether through NEFT, RTGS, or IMPS, reach the correct destination safely and efficiently. Without the right IFSC, your transaction simply cannot be processed.

Branch Details

Here are the complete details for the Bihar Gramin Bank branch located in Mustafabad:

Bank Name	Bihar Gramin Bank
Branch Name	Mustafabad
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100670
Branch Address	Mustafabad, SIWAN, 841439, 9297954424
Contact Number	9297954424
City	SIWAN
District	SIWAN
Reason	SIWAN
Pincode	841439
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these regional rural banks are now integrated under the Bihar Gramin Bank name, sponsored by Punjab National Bank (PNB).

As a result of this merger, all bank branches now operate under a unified system. This means the Mustafabad branch, like others, uses the IFSC code PUNB0MBGB06. It is essential to understand that any old IFSC codes that might have been associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank for this specific branch are no longer valid. For any fund transfers, you must use only the current IFSC code, PUNB0MBGB06, to ensure your transaction is successful and processed correctly by Punjab National Bank, the sponsor bank.

What is an IFSC Code?

An IFSC Code is a unique 11-character code assigned by the Reserve Bank of India (RBI) to every bank branch in India. This code helps identify individual branches during online fund transfers.

The 11 characters are structured in a specific way:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is kept as a control measure for future use.
• The last six characters identify the specific branch. For PUNB0MBGB06, “MBGB06” is the unique code for the Mustafabad branch.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re making an online fund transfer. Here’s a general guide for NEFT, RTGS, or IMPS transactions:

1. Log in to your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select Transfer Type: Choose the type of transfer you want to make (NEFT, RTGS, or IMPS).
3. Add Beneficiary (if new): If you haven’t sent money to this person before, you’ll need to add them as a new beneficiary.
4. Enter Beneficiary Details: Provide the beneficiary’s full name, their account number, and confirm it by entering it a second time.
5. Enter IFSC Code: Carefully input the IFSC code PUNB0MBGB06 for the Bihar Gramin Bank, Mustafabad branch.
6. Enter Bank Name: The system may automatically populate the bank name (Bihar Gramin Bank or Punjab National Bank) once the IFSC is entered. Confirm it.
7. Enter Amount: Specify the amount of money you wish to transfer.
8. Confirm and Transact: Review all details thoroughly before confirming the transaction. Double-checking ensures the money goes to the right account.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Accurate Fund Transfers: It guarantees that your money is sent to the precise bank branch you intend, minimizing errors.
• Faster Processing: For IMPS and RTGS, the IFSC code facilitates instant or near-instant transfers, crucial for urgent payments.
• Enhanced Security: The unique identification helps in tracking transactions and adds a layer of security to digital payments.
• Essential for Digital Banking: It is a mandatory requirement for all major online fund transfer methods like NEFT, RTGS, and IMPS.
• Avoids Delays: Using the correct code prevents transactions from being rejected or delayed due to incorrect branch identification.

Contact Information

For any inquiries or assistance related to the Mustafabad branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954424
• Branch Address: Mustafabad, SIWAN, 841439
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank Customer Care): 18001807777

Frequently Asked Questions (FAQs)

Q1: Why is an IFSC code necessary for online transactions?

An IFSC code is necessary because it uniquely identifies each bank branch in India. It acts as a specific address, ensuring that when you send money online, it reaches the exact intended branch and account, preventing misdirection of funds.

Q2: Is the 5th character of the IFSC code always zero?

Yes, the fifth character in an IFSC code is always zero. This is a standard practice set by the Reserve Bank of India. It acts as a control character and is reserved for potential future use.

Q3: What happens if I use an incorrect IFSC code for a transaction?

If you use an incorrect IFSC code, your transaction will likely fail or be rejected by the bank. The funds will not be debited from your account, or they might be returned to you. It’s crucial to double-check the code before confirming any transfer.

Q4: Can I find the IFSC code on my bank passbook or cheque book?

Yes, the IFSC code is typically printed on your bank passbook. It can also be found on the top left corner of a cheque leaf in your cheque book. This makes it easy to access when you need it for transactions.

Q5: Does the IFSC code PUNB0MBGB06 work for all types of digital transfers like NEFT, RTGS, and IMPS?

Absolutely. The IFSC code PUNB0MBGB06 is valid and required for all major types of online fund transfers, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Using this code ensures your transaction is processed correctly through the specified channel.