Bihar Gramin Bank Patsa IFSC Code

The Bihar Gramin Bank branch in Patsa, Samastipur, Bihar, serves as a vital financial hub for the local community. For any electronic fund transfers such as National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), knowing the Indian Financial System Code (IFSC) for this specific branch is essential. This unique 11-character code ensures your money reaches the correct recipient account without any delays or errors, acting as a digital address for the bank branch.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Patsa
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3928
Branch Address	Patsa, Samastipur, 848206
Contact Number	9955997834
City	Samastipur
District	Samastipur
Pincode	848206
State	Bihar

Merger Update and IFSC Code Clarification

This particular branch, while operating as Bihar Gramin Bank, utilizes an IFSC code that reflects a significant consolidation within the regional rural banking sector in Bihar. The MBGB portion of the IFSC code, PUNB0MBGB06, originates from the merger of two earlier banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two entities combined to form Madhya Bihar Gramin Bank (MBGB), which is sponsored by Punjab National Bank.

As part of this consolidation, all older IFSC codes previously used by UBGB and DBGB branches were revoked. Today, only the unified IFSC code, PUNB0MBGB06, is valid for transactions with branches falling under this consolidated structure. This ensures a standardized and streamlined process for all financial transfers within the system.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code used to identify bank branches participating in online money transfers. It’s unique for each branch and helps route transactions correctly. The code is structured in a specific way:

• The first four characters represent the bank’s name. For example, PUNB stands for Punjab National Bank, the sponsor bank in this case.
• The fifth character is always a zero (0). This character is reserved for future use and currently acts as a control digit.
• The last six characters identify the specific branch. For the Patsa branch, MBGB06 refers to its unique identifier within the Madhya Bihar Gramin Bank system.

How to Use an IFSC Code for Transfers

Using an IFSC code is straightforward when you’re sending money electronically. Here’s how it generally works for different types of transactions:

• NEFT (National Electronic Funds Transfer): This system processes transfers in batches. When initiating a NEFT transaction, you’ll need the recipient’s bank name, branch name, account number, and the correct IFSC code. Funds are typically credited within a few hours on business days.
• RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, usually Rs. 2 lakhs and above. Transfers happen in real-time, meaning funds are credited almost immediately. Like NEFT, you’ll provide the recipient’s bank, branch, account number, and IFSC code.
• IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. It’s often used for smaller amounts. You can transfer money using the recipient’s mobile number and MMID, or by providing their account number and IFSC code.

In all these cases, accurately entering the IFSC code is crucial. A single incorrect digit can lead to transaction failure or, in rare cases, funds being sent to the wrong account.

Benefits of Knowing Your IFSC Code

Knowing the IFSC code for your bank branch, or the branch you’re sending money to, offers several benefits:

• It ensures the correct routing of funds for online transactions, preventing delays or rejections.
• It simplifies the process of sending and receiving money electronically through NEFT, RTGS, and IMPS.
• It acts as a unique identifier, making it easier to confirm bank and branch details.
• It’s required for setting up automatic payments or direct debits from your account.
• It provides a layer of security, as it helps verify the legitimacy of the recipient’s bank branch.

Contact Information

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

• Branch Phone Number: 9955997834
• Branch Address: Patsa, Samastipur, 848206, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Can I use an old IFSC code if I have it from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A1: No, all old IFSC codes from Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked after their merger into Madhya Bihar Gramin Bank. You must use the new consolidated IFSC code, PUNB0MBGB06, for all transactions related to branches under this merged entity.

Q2: Is the IFSC code same for all branches of Bihar Gramin Bank?
A2: No, the first four characters of the IFSC code might be common for Bihar Gramin Bank branches (or the consolidated entity they fall under), but the last six characters are unique to each individual branch. So, the Patsa branch has its own specific IFSC code: PUNB0MBGB06.

Q3: What should I do if my online transaction fails due to an incorrect IFSC code?
A3: If your transaction fails because of an incorrect IFSC code, the funds are usually not debited from your account, or they are reversed within a short period. You should re-check the recipient’s IFSC code and try the transaction again. Always confirm the code with the recipient or their bank to ensure accuracy.

Q4: Where can I find the correct IFSC code for another Bihar Gramin Bank branch?
A4: You can find the correct IFSC code on your bank’s official website, your passbook, or chequebook. Most online banking portals also display the IFSC code for the branches. Alternatively, you can use trusted financial service websites or contact the bank’s customer service.

Q5: Is an IFSC code required for cash deposits or withdrawals at the branch counter?
A5: No, an IFSC code is not required for physical cash deposits or withdrawals made directly at the bank branch counter. It is primarily used for electronic fund transfers between different bank accounts and branches.