Bihar Gramin Bank Raghubarpur IFSC Code

This article provides details about the Bihar Gramin Bank branch located in Raghubarpur, Samastipur, Bihar. Knowing the Indian Financial System Code (IFSC) is very important for sending or receiving money electronically. This unique code is essential for various online fund transfer methods like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, these transactions cannot be completed.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Raghubarpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3986
Branch Address	Raghubarpur, Samastipur, 848160
Contact Number	9523097252
City	Samastipur
District	Samastipur
Pincode	848160
State	Bihar

Merger Update

Bihar Gramin Bank has a significant history of consolidation. The *Uttar Bihar Gramin Bank* (UBGB) and *Dakshin Bihar Gramin Bank* (DBGB) merged to form a unified entity, which is now commonly known as Bihar Gramin Bank. This merger streamlined operations and brought all branches under a common framework. For transactions, it is crucial to note that all old IFSC codes belonging to UBGB and DBGB have been revoked. The only valid IFSC code for Bihar Gramin Bank branches, including Raghubarpur, is now PUNB0MBGB06. This code is issued under the sponsorship of Punjab National Bank, which plays a key role in the bank’s operations. Ensure you use only this new, updated IFSC code for all your financial transfers. Using an outdated code will cause your transaction to fail.

What is an IFSC Code?

An IFSC Code is an 11-character code used to identify all bank branches in India. The Reserve Bank of India (RBI) assigns these codes to facilitate electronic fund transfers. Understanding its structure can help you verify its authenticity.

• The first four characters are alphabetic and represent the bank. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank (Madhya Bihar Gramin Bank in the IFSC structure).
• The fifth character is always ‘0’ (zero). This is a control character reserved for future use.
• The last six characters are typically numeric, but can sometimes be alphanumeric. These characters uniquely identify the specific branch. In our example, “MBGB06” refers to the specific Raghubarpur branch under the Bihar Gramin Bank structure.

This unique identification ensures that your money goes to the correct bank and branch during electronic transfers.

How to Use an IFSC Code

Using an IFSC code is simple and is a mandatory step for various online transactions. Here’s how it’s used for the main types of fund transfers:

• NEFT (National Electronic Funds Transfer): When you want to send money via NEFT, you need the beneficiary’s (the person receiving the money) bank name, branch name, account number, and the correct IFSC code. You enter these details into your net banking portal or mobile banking app. The system uses the IFSC to route the payment to the right branch.
• RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically for amounts of 2 lakh rupees or more. Similar to NEFT, you provide the beneficiary’s bank account details, including their IFSC code. The system processes RTGS transactions individually and continuously, meaning the money is settled in real-time.
• IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. For IMPS, you often need the beneficiary’s account number and IFSC code, or sometimes their mobile number and MMID (Mobile Money Identifier). The IFSC ensures the payment is directed to the correct bank branch without delay.

Always double-check the IFSC code before confirming any transaction to avoid errors.

Benefits of Knowing Your IFSC Code

Understanding and knowing the correct IFSC code for your bank branch offers several practical advantages:

• Efficient Fund Transfers: It ensures your online transactions via NEFT, RTGS, or IMPS are processed smoothly and without delays.
• Prevents Transaction Errors: Using the correct IFSC code significantly reduces the chances of money being sent to the wrong account or getting stuck.
• Facilitates Digital Banking: It’s a fundamental requirement for most digital banking services, including setting up recurring payments or receiving direct debits.
• Quick Account Identification: The code helps quickly identify the specific bank and branch, even among hundreds of thousands across the country.
• Security: It adds an extra layer of security and verification to electronic transactions, ensuring funds reach their intended destination.

Contact Information

For assistance regarding the Bihar Gramin Bank, Raghubarpur branch, or any general inquiries, you can use the following contact details:

• Branch Phone Number (Raghubarpur): 9523097252
• Branch Address (Raghubarpur): Raghubarpur, Samastipur, 848160, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is the IFSC code for Bihar Gramin Bank Raghubarpur the same as other Bihar Gramin Bank branches?
A1: No, while the first five characters (PUNB0) are common for all Bihar Gramin Bank branches under Punjab National Bank sponsorship, the last six characters (MBGB06) are unique to the Raghubarpur branch. Each branch has its own distinct IFSC.

Q2: What should I do if my online transfer fails due to an incorrect IFSC code?
A2: If your transfer fails because of an incorrect IFSC code, the money is typically returned to your account within a few hours or a day. Always verify the correct IFSC code and the beneficiary’s other details before attempting the transaction again.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is usually printed on the first page of your bank passbook and on the top portion of a cheque leaf in your chequebook. It’s an easy way to find your branch’s specific code.

Q4: Is the MICR code also important for fund transfers?
A4: The MICR (Magnetic Ink Character Recognition) code is primarily used for clearing cheques. It helps in the faster processing of paper-based transactions. While not directly needed for NEFT, RTGS, or IMPS, it’s an important code for your banking details.

Q5: What is the significance of “PUNB” in the IFSC code PUNB0MBGB06?
A5: “PUNB” indicates that Punjab National Bank is the sponsor bank for Bihar Gramin Bank (Madhya Bihar Gramin Bank). Regional Rural Banks like Bihar Gramin Bank are sponsored by larger public sector banks, and their IFSC codes reflect this sponsorship.