Bihar Gramin Bank Purnia Branch IFSC Code

The Bihar Gramin Bank Purnia branch is located in the heart of Purnia, a significant city in Bihar. When you need to transfer money digitally, an IFSC code is essential. This unique code acts like a digital address, ensuring your funds reach the correct bank and branch quickly and securely. It’s a must-have for online transactions such as National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, these modern fund transfers cannot happen.

Branch Details

Here are the key details for the Bihar Gramin Bank branch in Purnia:

Bank Name	Bihar Gramin Bank
Branch Name	Purnia Branch
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100685
Branch Address	Purnia Branch, PURNIA, 854301, 9297954159
Contact Number	9297954159
City	PURNIA
District	PURNIA
Reason	PURNEA
Pincode	854301
State	Bihar

Merger Update

The Purnia branch, originally part of the structure known as Bihar Gramin Bank, now operates under the umbrella of Madhya Bihar Gramin Bank (MBGB). This is important because Madhya Bihar Gramin Bank was formed from the merger of the original Bihar Gramin Bank and Dakshin Bihar Gramin Bank. Both these regional rural banks are sponsored by Punjab National Bank (PNB).

As a result of this merger, all branches, including Purnia, now use a unified IFSC code structure under Punjab National Bank’s sponsorship. The IFSC code PUNB0MBGB06 is specific to Madhya Bihar Gramin Bank branches. It is crucial to note that any old IFSC codes previously used by the original Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. For any transactions today, only the new, updated IFSC code PUNB0MBGB06 is valid and must be used.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code. It’s used to identify every bank branch participating in online money transfers in India. Think of it as a specific postal code for financial transactions. This code helps the banking system route your money to the exact bank and branch you intend.

The 11 characters of an IFSC code follow a standard structure:

• The first four characters represent the bank’s name. For example, ‘PUNB’ stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, ‘MBGB06’ identifies the particular branch within the Madhya Bihar Gramin Bank network.

How to Use an IFSC Code

Using an IFSC code is straightforward and essential for digital fund transfers. Here’s how you typically use it for NEFT, RTGS, and IMPS:

1. Gather Beneficiary Details: Before you start, make sure you have the recipient’s bank account number, account holder’s name, and the correct IFSC code for their branch.
2. Log In to Your Net Banking or Mobile Banking App: Access your online banking platform.
3. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
4. Add a New Beneficiary (if not already added): You’ll usually need to enter the beneficiary’s name, account number, account type (savings or current), and the IFSC code. The system will then verify the bank and branch details associated with that IFSC code.
5. Enter Transfer Amount: Specify how much money you wish to send.
6. Choose Transfer Type:
   • NEFT (National Electronic Funds Transfer): Best for transfers that don’t need to be immediate. Funds are processed in batches throughout the day.
   • RTGS (Real Time Gross Settlement): Used for high-value transactions (usually above ₹2 lakh) that need to be processed immediately on a “real-time” and “gross” (one-to-one) basis.
   • IMPS (Immediate Payment Service): Offers instant, 24/7 fund transfers, even on holidays. It’s suitable for smaller, urgent transfers.
7. Confirm and Authorize: Review all the details carefully, then confirm the transaction, usually with an OTP (One Time Password) or transaction password.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code readily available offers several advantages:

• Facilitates Digital Transactions: It is mandatory for online fund transfers like NEFT, RTGS, and IMPS, enabling quick and efficient money movement.
• Ensures Accuracy: The unique code ensures that funds are routed to the precise bank and branch, minimizing the risk of errors or delays.
• Saves Time: With the IFSC code, you don’t need to visit a bank branch for many transactions, saving valuable time and effort.
• Enhances Security: It adds a layer of security by verifying the legitimacy of the receiving bank branch for digital transactions.
• Supports Modern Banking: It is a cornerstone of India’s modern digital banking infrastructure, promoting a cashless economy.

Contact Information

For inquiries related to the Purnia branch or Madhya Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954159
• Branch Address: Purnia Branch, PURNIA, 854301, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Q1: Is the IFSC code PUNB0MBGB06 valid for all branches of Madhya Bihar Gramin Bank?

A1: No, the first four characters ‘PUNB’ and the fifth ‘0’ are common, but the last six characters (‘MBGB06’) are specific to the Purnia branch. Each branch of Madhya Bihar Gramin Bank will have a unique last six characters in its IFSC code.

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 typically fail immediately at the bank’s end, and the funds will not be debited from your account. If the funds are debited, but the account number associated with the incorrect IFSC is valid, the money might go to the wrong account. It’s always best to double-check the IFSC and account number before confirming any transfer.

Q3: Can I find the IFSC code on my passbook or cheque book?

A3: Yes, the IFSC code is usually printed on your bank passbook. For cheque books, you can often find it on the top left corner of the cheque leaf.

Q4: Is the MICR code also important for online transfers?

A4: While the IFSC code is crucial for NEFT, RTGS, and IMPS, the MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. It helps in the speedy processing of cheques.

Q5: How can I verify if an IFSC code is correct?

A5: You can verify an IFSC code through your bank’s official website, the Reserve Bank of India (RBI) website, or by contacting your bank’s customer service. Many reliable financial portals also offer IFSC lookup tools, but always cross-reference with official sources.