Narkatiya, a town in the East Champaran district of Bihar, relies on efficient banking services for its residents and local businesses. For anyone looking to transfer funds electronically in or out of this area, understanding the Indian Financial System Code (IFSC) is essential. This unique 11-character code is crucial for transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures your money reaches the correct bank and branch without errors, making financial transfers smooth and secure.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Narkatiya |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100225 |
| Branch Address | Narkatiya, EAST CHAMPARAN, 845301, 9297954674 |
| Contact Number | 9297954674 |
| City | EAST CHAMPARAN |
| District | EAST CHAMPARAN |
| Reason | MOTIHARI |
| Pincode | 845301 |
| State | Bihar |
Merger Update
The banking landscape for regional rural banks in Bihar has seen significant changes over the years. The IFSC code PUNB0MBGB06 you see for the Narkatiya branch reflects one such consolidation. This specific IFSC code is now used by Madhya Bihar Gramin Bank, which operates under the sponsorship of Punjab National Bank. Previously, various regional rural banks, including the erstwhile Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), had their own unique IFSC codes. However, as part of a larger consolidation and merger process, many of these entities were streamlined.
It is crucial to understand that old IFSC codes from banks like UBGB are no longer valid for any fund transfers. All electronic transactions, such as NEFT, RTGS, and IMPS, must use the current and valid IFSC code PUNB0MBGB06 to ensure your funds are processed correctly and securely.
What is an IFSC Code?
The Indian Financial System Code, or IFSC, is a unique 11-character alphanumeric code. It identifies every bank branch participating in electronic funds transfers in India. Think of it as a specific address for a bank branch.
The code is structured in a clear, easy-to-understand way:
- The first four characters represent the bank name. For PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsoring bank.
- The fifth character is always ‘0’ (zero). This is a control character reserved for future use.
- The last six characters identify the specific bank branch. In this case, ‘MBGB06’ refers to a particular branch of Madhya Bihar Gramin Bank (now operating under PNB sponsorship).
Knowing this structure helps you quickly verify the code and ensure you are using the correct one for your transaction.
How to Use an IFSC Code
Using the IFSC code is a straightforward process when you are making electronic fund transfers. Whether you’re sending money through NEFT, RTGS, or IMPS, you will typically follow these steps:
- Gather Recipient Details: Before starting any transfer, ensure you have the recipient’s full name, account number, account type (savings or current), and the correct IFSC code for their bank branch.
- Log In to Your Banking Portal: Access your net banking account or mobile banking app.
- Select Transfer Type: Choose the type of transfer you wish to make – NEFT, RTGS, or IMPS.
- Add Beneficiary (if new): If you haven’t sent money to this person before, you will need to add them as a new beneficiary. This involves entering their name, account number, and the IFSC code. The system will often automatically fetch the bank and branch name once the IFSC is entered correctly.
- Enter Transfer Amount: Specify the amount you wish to send.
- Confirm and Authorize: Review all the details carefully to prevent errors. Once confirmed, authorize the transaction using your password or PIN.
For example, if you are sending money to someone with an account at the Narkatiya branch, you would use PUNB0MBGB06 as the IFSC code. Double-checking this code is crucial for a successful transfer.
Benefits of Knowing Your IFSC Code
Knowing and using the correct IFSC code offers several advantages:
- Accurate Fund Transfers: It ensures your money goes to the right bank and the exact branch, minimizing the risk of funds being sent to an incorrect account.
- Speed and Efficiency: IFSC codes enable swift processing of electronic transfers like NEFT, RTGS, and IMPS, making transactions much faster than traditional methods.
- Security: The unique identification helps in tracking transactions, adding a layer of security to your financial activities.
- Prevents Fraud: By verifying the IFSC code, you can help protect yourself from common banking frauds where incorrect details might be provided.
- Mandatory for Electronic Transfers: It is a compulsory requirement for almost all electronic inter-bank fund transfers in India, so knowing it is essential for modern banking.
Contact Information
For direct inquiries or assistance related to the Narkatiya branch of Bihar Gramin Bank, you can use the following contact details:
- Branch Phone Number: 9297954674
- Branch Address: Narkatiya, EAST CHAMPARAN, 845301
For broader queries concerning Bihar Gramin Bank (Madhya Bihar Gramin Bank) or general banking services, you can reach out to their head office or use the toll-free number:
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
- What is the IFSC code for Bihar Gramin Bank Narkatiya branch?
- The IFSC code for the Bihar Gramin Bank (Madhya Bihar Gramin Bank) Narkatiya branch is PUNB0MBGB06.
- Is the old Uttar Bihar Gramin Bank (UBGB) IFSC code still valid?
- No, old IFSC codes from erstwhile banks like Uttar Bihar Gramin Bank (UBGB) are no longer valid. You must use the current IFSC code, PUNB0MBGB06, for all electronic fund transfers to the Narkatiya branch.
- What is the MICR code for this branch?
- The MICR (Magnetic Ink Character Recognition) code for the Narkatiya branch is 800811002. This code is primarily used for clearing paper-based instruments like cheques.
- Can I use this IFSC code for international transfers?
- No, IFSC codes are specifically for domestic electronic fund transfers within India. For international money transfers, you would typically need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code or BIC (Bank Identifier Code).
- How many characters are in an IFSC code?
- An IFSC code is always 11 characters long. It is a mix of alphabets and numbers, ensuring each bank branch has a unique identifier.
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.