Located in Phulhara, a locality within the Vaishali district of Bihar, the Bihar Gramin Bank branch plays a vital role in serving the local community. For anyone looking to transfer funds electronically, understanding the Indian Financial System Code (IFSC) for this branch is essential. This unique 11-character code ensures that money sent through systems like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) reaches the correct bank and branch without errors, making your financial transactions secure and efficient.
Branch Details Table
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Phulhara |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100911 |
| Branch Address | Phulhara, VAISHALI, 844502 |
| Contact Number | 9297955019 |
| City | VAISHALI |
| District | VAISHALI |
| Reason | HAJIPUR |
| Pincode | 844502 |
| State | Bihar |
Merger Update
Bihar Gramin Bank was formed from the merger of two significant regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, the banking operations are now unified under Punjab National Bank, which acts as the sponsor bank. As a result, all branches, including Phulhara, now use a single, standardized IFSC code.
It is critical to note that old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid. For any fund transfers to Bihar Gramin Bank, Phulhara branch, you must use the new and active IFSC code: PUNB0MBGB06. Using an old or incorrect IFSC code will lead to transaction failures.
What is IFSC Code?
The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers within India. This code is crucial for ensuring that money is sent to the precise recipient bank and branch.
The structure of the IFSC code is simple to understand:
- The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
- The fifth character is always a “0” (zero). This character is reserved for future use and acts as a control digit.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely points to the Phulhara branch of Bihar Gramin Bank.
Knowing this structure helps you verify the code and ensures accuracy during your transactions.
How to Use IFSC Code
Using the IFSC code correctly is vital for seamless and secure online fund transfers. Here’s how you typically use it for NEFT, RTGS, and IMPS transactions:
- Gather Beneficiary Details: Before initiating any transfer, you will need the beneficiary’s bank account number, account holder’s name, and the correct IFSC code for their specific branch.
- Log In to Your Banking Portal: Access your bank’s online banking website or mobile application.
- Navigate to Fund Transfer: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
- Add Beneficiary (First Time): If you’re sending money to this person for the first time, you will need to add them as a new beneficiary. This involves entering their name, account number, and the IFSC code (e.g., PUNB0MBGB06 for Bihar Gramin Bank, Phulhara).
- Select Beneficiary and Amount: Once the beneficiary is added (or if they are already in your list), select their name, choose the transfer type (NEFT, RTGS, or IMPS), and enter the amount you wish to send.
- Review and Confirm: Carefully review all the details, especially the account number and IFSC code, to prevent errors. Confirm the transaction using your banking password or OTP (One-Time Password).
The system uses the IFSC code to route your funds accurately to the intended branch, making sure your money reaches the right place.
Benefits of Knowing IFSC Code
Knowing the correct IFSC code for a bank branch offers several key advantages for anyone making or receiving electronic payments:
- Accurate Fund Transfer: Ensures that your money is deposited into the correct beneficiary account at the right bank branch, preventing misdirected funds.
- Faster Processing: Correct IFSC codes help streamline the transaction process, leading to quicker crediting of funds to the recipient’s account.
- Enhanced Security: Minimizes the risk of fraud and errors by providing a unique identifier for each branch, adding an extra layer of security to your transactions.
- Seamless Online Transactions: Essential for using various online payment methods like NEFT, RTGS, and IMPS, enabling convenient digital banking.
- Avoid Transaction Failures: Using the correct code prevents transactions from being rejected due to incorrect beneficiary bank information.
Contact
For inquiries related to the Bihar Gramin Bank, Phulhara branch, you can use the following contact details:
- Branch Phone Number: 9297955019
- Branch Address: Phulhara, VAISHALI, 844502, Bihar
For broader queries or issues, you may also reach out to the bank’s head office or toll-free number:
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
FAQs
Q1: What is the IFSC code for Bihar Gramin Bank, Phulhara branch?
A1: The IFSC code for Bihar Gramin Bank, Phulhara branch is PUNB0MBGB06.
Q2: Can I still use the old IFSC code for Uttar Bihar Gramin Bank for the Phulhara branch?
A2: No, old IFSC codes for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are revoked. You must use the new unified IFSC code, PUNB0MBGB06, for all transactions to the Phulhara branch.
Q3: What does the ‘PUNB’ in the IFSC code PUNB0MBGB06 stand for?
A3: ‘PUNB’ indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank following its merger.
Q4: What is the MICR code for Bihar Gramin Bank, Phulhara branch?
A4: The MICR (Magnetic Ink Character Recognition) code for Bihar Gramin Bank, Phulhara branch is 800811002.
Q5: Why is the IFSC code important for online fund transfers?
A5: The IFSC code is crucial because it acts as a unique identifier for each bank branch, ensuring that money transferred via NEFT, RTGS, or IMPS reaches the correct beneficiary account at the specific intended branch, preventing errors and ensuring security.
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.