Bihar Gramin Bank Panisadra-Baisee IFSC Code

The Bihar Gramin Bank branch located in Panisadra-Baisee, within the Purnia district of Bihar, is an important financial center for the local community. For any electronic money transfer, such as through NEFT, RTGS, or IMPS systems, knowing the correct IFSC (Indian Financial System Code) is essential. This unique code helps ensure that your funds reach the intended recipient’s bank account safely and quickly, preventing errors in financial transactions.

Branch Details

Here are the complete details for the Bihar Gramin Bank branch in Panisadra-Baisee:

Bank Name	Bihar Gramin Bank
Branch Name	Panisadra-Baisee
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100861
Branch Address	Panisadra-Baisee, PURNIA, 854303, 9297954131
Contact Number	9297954131
City	PURNIA
District	PURNIA
Region	PURNEA
Pincode	854303
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger resulted in a single, unified entity. Following this, all branches, including Panisadra-Baisee, now operate under a standardized IFSC code structure that reflects its sponsorship by Punjab National Bank.

The IFSC code for Bihar Gramin Bank branches, such as PUNB0MBGB06 for Panisadra-Baisee, now begins with “PUNB0”. This indicates Punjab National Bank as the sponsoring bank. It is crucial to understand that all old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. For any electronic fund transfer, only the new, updated IFSC code like PUNB0MBGB06 is valid. Using an old code will cause your transaction to fail.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is an 11-character alpha-numeric code used to identify bank branches in India. It is essential for online money transfers.

The structure of an IFSC code is specific:

• The first four characters represent the bank’s name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific bank branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the Panisadra-Baisee branch.

Each bank branch in India has a unique IFSC code. This ensures that money is routed to the correct destination account during NEFT, RTGS, or IMPS transactions.

How to Use the IFSC Code

Using the IFSC code for electronic fund transfers is straightforward. Here are the steps involved:

1. Log In: Access your online banking portal or mobile banking application.
2. Select Transfer Type: Choose the type of transfer you want to make – NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary: If you are sending money to this recipient for the first time, you will need to add them as a beneficiary. This involves providing their name, account number, account type (savings or current), and the bank’s IFSC code.
4. Enter IFSC Code: Carefully enter PUNB0MBGB06 into the designated IFSC code field. Double-check for any typing errors.
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm and Transact: Review all the details, then confirm the transaction. The system uses the IFSC code to correctly identify the recipient’s bank and branch for the transfer.

For transfers within the same bank, an IFSC code might not always be required. However, for inter-bank transfers, it is a mandatory detail.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Secure Transfers: The unique code ensures that your money reaches the exact intended branch and account, minimizing the risk of errors or misdirected funds.
• Faster Processing: It enables quick and efficient processing of electronic fund transfers through NEFT, RTGS, and IMPS systems.
• Unique Identification: The IFSC code serves as a unique digital address for each bank branch, simplifying inter-bank communications and transactions.
• Mandatory for Online Banking: It is a crucial piece of information required for setting up beneficiaries and initiating most types of online money transfers.
• Avoids Delays: Using the correct IFSC code prevents transactions from being rejected or delayed due to incorrect bank or branch identification.

Contact Information

For any queries or assistance regarding the Panisadra-Baisee branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954131
• Branch Address: Panisadra-Baisee, PURNIA, 854303
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

What does the IFSC code PUNB0MBGB06 signify?

The code PUNB0MBGB06 identifies a specific branch of Bihar Gramin Bank. “PUNB” indicates that Punjab National Bank is its sponsoring bank. The “0” is a control character. “MBGB06” is the unique code for the Panisadra-Baisee branch within the Bihar Gramin Bank network.

Can I use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code for a Bihar Gramin Bank transaction?

No, you cannot. Following the merger of UBGB and DBGB into Bihar Gramin Bank, all old IFSC codes have been revoked. Only the new IFSC codes, such as PUNB0MBGB06, which reflect the new merged entity and its sponsor bank, are valid for transactions.

Is the IFSC code the same for all branches of Bihar Gramin Bank?

No, the IFSC code is not the same for all branches. While the first five characters (PUNB0) are common for all Bihar Gramin Bank branches, the last six characters are unique to each individual branch. This ensures that each branch has its own distinct digital identifier.

What happens if I accidentally enter an incorrect IFSC code during a fund transfer?

If you enter an incorrect IFSC code, the transaction will typically fail. Most banking systems have checks in place to verify the IFSC code against the recipient’s bank and branch details. If there’s a mismatch, the funds will usually not be debited from your account, or if debited, they will be returned to your account within a few hours or days.

How can I verify the correct IFSC code for any Bihar Gramin Bank branch?

You can verify the correct IFSC code through several reliable sources. The easiest ways include checking your bank passbook, your cheque book, or the official website of Bihar Gramin Bank or Punjab National Bank. You can also contact the customer service number provided or visit the branch directly.