The Bihar Gramin Bank branch at PABHERI MORE is an important financial hub for the local community in Patna. Whether you’re sending money to family, receiving funds for business, or making online payments, understanding how money transfers work is key. A crucial piece of information for these transactions is the Indian Financial System Code, or IFSC code. This unique 11-character code is essential for making safe and efficient digital fund transfers through systems like NEFT, RTGS, and IMPS.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | PABHERI MORE |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7549 |
| Branch Address | PABHERI MORE, Patna, 804451, 7541807549 |
| Contact Number | 7541807549 |
| City | Patna |
| District | Patna |
| Reason | PATNA |
| Pincode | 804451 |
| State | Bihar |
Merger Update
The banking landscape in Bihar has seen significant changes over the years, leading to stronger, more unified financial institutions. Initially, several regional rural banks served different parts of the state. Bihar Gramin Bank, along with Kosi Kshetriya Gramin Bank, merged to form Madhya Bihar Gramin Bank (MBGB).
Today, for unified banking operations, the IFSC code PUNB0MBGB06 is used for many branches that now fall under the umbrella of Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank. This includes the PABHERI MORE branch. It’s important to note that if a branch was previously under Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) and now operates under the merged entity or a PNB-sponsored regional rural bank, their old IFSC codes have been revoked. For any transactions, only the new, updated IFSC code like PUNB0MBGB06 is valid.
What is IFSC Code?
The IFSC Code, or Indian Financial System Code, is a unique 11-character code. It is assigned by the Reserve Bank of India (RBI) to identify individual bank branches involved in online money transfers. This code is crucial for ensuring that your funds reach the correct recipient bank and branch without error.
The structure of the IFSC code is straightforward:
- The first four characters identify the bank. For example, “PUNB” stands for Punjab National Bank.
- The fifth character is always a zero (0). This is a control character reserved for future use.
- The last six characters identify the specific branch. In the code PUNB0MBGB06, “MBGB06” uniquely identifies the PABHERI MORE branch under Madhya Bihar Gramin Bank.
How to Use IFSC Code
Knowing the correct IFSC code is essential for various types of digital money transfers. Here’s how you’ll use it for common services:
- NEFT (National Electronic Funds Transfer): When you want to transfer money from your account to another bank account using NEFT, you’ll need the recipient’s bank name, branch name, account number, and the correct IFSC code for that branch. You enter these details into your net banking portal or mobile banking app. The funds are usually settled in batches throughout the day.
- RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically for amounts of 2 lakh rupees or more. Like NEFT, you’ll provide the recipient’s bank, branch, account number, and IFSC code. The transfer happens on a “real-time” and “gross” basis, meaning the transaction is processed individually and immediately, rather than in batches.
- IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking or internet banking. To send money via IMPS, you’ll generally need the recipient’s mobile number and MMID (Mobile Money Identifier), or their bank account number and IFSC code. It’s often preferred for quick, smaller transfers.
Benefits
Having the correct IFSC code for a branch like PABHERI MORE provides several key benefits:
- Accurate Transfers: It ensures that your money goes to the exact branch and account you intend, minimizing errors.
- Faster Transactions: Digital transfers using IFSC are much quicker than traditional methods like cheques.
- Enhanced Security: The unique code adds a layer of security, as funds are routed through a verified system.
- Convenience: You can make transfers from anywhere, anytime, using your computer or smartphone, without needing to visit the bank.
- Interbank Transfers: It facilitates seamless money movement between different banks and their branches across India.
Contact Section
For any banking queries or assistance related to the PABHERI MORE branch, you can use the following contact details:
- Branch Phone Number: 7541807549
- Branch Address: PABHERI MORE, Patna, 804451, Bihar
- Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number (Punjab National Bank): 18001807777
FAQs
Q1: Is an IFSC code required for all types of bank transactions?
A1: An IFSC code is specifically required for inter-bank electronic fund transfers, such as NEFT, RTGS, and IMPS. You won’t need it for cash deposits, ATM withdrawals, or transfers between accounts within the same bank.
Q2: What should I do if I enter an incorrect IFSC code during a transaction?
A2: If the IFSC code is incorrect, the transaction will usually fail and the money will not be debited from your account. In some rare cases, if the incorrect code matches another valid branch, the money might go to the wrong account. Always double-check the IFSC and account number before confirming any transfer.
Q3: Can I find the IFSC code on my chequebook?
A3: Yes, the IFSC code is typically printed on your chequebook, usually next to the branch address or on the top left corner of the cheque leaf. It is also available on your bank’s website or mobile app.
Q4: Why did Bihar Gramin Bank change its IFSC code?
A4: The change in IFSC codes often happens due to mergers or consolidations of banks. Bihar Gramin Bank merged to form Madhya Bihar Gramin Bank. New, standardized IFSC codes are then issued for the merged entities, often under the sponsoring bank’s prefix (like “PUNB” for Punjab National Bank) to ensure unified and streamlined operations.
Q5: Is the MICR code the same as the IFSC code?
A5: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit number used mainly for processing cheques, typically found at the bottom of a cheque leaf. The IFSC code is an 11-character alphanumeric code used for electronic fund transfers.
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.