Olipur is a village in Sitamarhi district, Bihar. This branch serves local residents and businesses for deposits, withdrawals and electronic payments. For electronic fund transfers — NEFT, RTGS and IMPS — the IFSC code identifies the exact bank branch. Entering the correct IFSC ensures money is routed to the right account and speeds up settlement.
Branch Details Table
| Bank Name | Bihar Gramin Bank |
| Branch Name | Olipur |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100142 |
| Branch Address | Olipur, SITAMARHI, 0, 9297954764 |
| Contact Number | 9297954764 |
| City | SITAMARHI |
| District | SITAMARHI |
| Reason | SITAMARHI |
| Pincode | 0 |
| State | Bihar |
Merger Update
Important: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been merged under the sponsor bank, Punjab National Bank (PNB). All legacy UBGB and DBGB IFSC codes have been revoked. The single, active IFSC for the merged entity is PUNB0MBGB06. Use this IFSC for all NEFT, RTGS and IMPS transactions. Any old UBGB/DBGB IFSCs will not work and can cause failed or misrouted transfers.
What is IFSC Code?
The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to route electronic payments to a specific bank branch. The structure is fixed:
- First 4 characters: bank code (letters). Example: PUNB for Punjab National Bank.
- 5th character: always 0 (reserved).
- Last 6 characters: branch identifier (letters and/or numbers). Example: MBGB06.
So the example PUNB0MBGB06 breaks down as PUNB + 0 + MBGB06.
How to Use IFSC Code
- Open your bank’s netbanking portal or mobile app and choose NEFT, RTGS or IMPS transfer option.
- Enter the payee’s name and account number exactly as provided.
- Type the IFSC code PUNB0MBGB06 in the IFSC/branch code field. Ensure no extra spaces.
- Verify the bank and branch name shown by the portal. Most systems auto-validate IFSC+account combination.
- Enter the amount and transaction remarks, then review all details before confirming.
- Authenticate the payment using OTP, password or hardware token as required by your bank.
- Keep the transaction reference or UTR number for tracking and reconciliation.
Benefits of Knowing the IFSC
- Ensures funds reach the exact branch and account without delay.
- Makes online transfers (NEFT, RTGS, IMPS) straightforward and secure.
- Helps customer support locate and trace transactions using the branch code.
- Required for setting up beneficiaries in netbanking and mobile apps.
- Prevents failed transfers and the need for manual intervention or reversal.
Contact
Branch Phone: 9297954764
Branch Address: Olipur, SITAMARHI, 0, 9297954764
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free: 18001807777
FAQs
Q: Can I use any old UBGB or DBGB IFSC for transfers?
A: No. Old UBGB and DBGB IFSC codes have been revoked after the merger. Use the current IFSC PUNB0MBGB06 for all transfers.
Q: Where on my cheque or passbook can I find the IFSC?
A: The IFSC is printed on the cheque leaf, usually at the top right or alongside branch details. If not visible, check the passbook or ask the branch.
Q: What is the MICR code and when is it used?
A: MICR (Magnetic Ink Character Recognition) is a 9-digit code used primarily for cheque clearance by clearing houses. For this branch the MICR is 800811002. MICR is not required for online IMPS/NEFT/RTGS transfers; IFSC is required instead.
Q: What if I enter the wrong IFSC during a transfer?
A: If the wrong IFSC maps to a different existing branch, the funds may go to that account. If it doesn’t map to any branch, the transaction will fail and be returned. Contact your bank immediately with the transaction UTR so they can trace and, if needed, initiate a recall or reversal. Keep transaction proof and beneficiary details ready.
Q: Are NEFT, RTGS and IMPS available 24×7?
A: IMPS is typically available 24×7 for immediate small-value transfers. NEFT and RTGS availability depends on the bank’s service timings and clearing arrangements; many banks now offer extended or 24×7 NEFT/RTGS windows. Confirm with your bank for exact service hours and any limits.
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.