The Raghunathpur branch of Bihar Gramin Bank is located in Buxar, Bihar. For anyone needing to send or receive money through this specific branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code acts like a specific address for the bank branch, ensuring that online fund transfers using methods like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are routed correctly and without delay.
Branch Details for Bihar Gramin Bank, Raghunathpur
| Bank Name | Bihar Gramin Bank |
| Branch Name | RAGHUNATHPUR |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | RAGHUNATHPUR, Buxar, 802134, 9771464070 |
| Contact Number | 9771464070 |
| City | Buxar |
| District | Buxar |
| Region | BHABHUA |
| Pincode | 802134 |
| State | Bihar |
Important Update on Bank Merger
Bihar Gramin Bank was formed by the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Punjab National Bank (PNB) is the sponsor bank for the newly formed entity. As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB branches have been discontinued. It is crucial to use only the new, updated IFSC codes for all transactions. For the Raghunathpur branch, the valid code is now PUNB0MBGB06.
Understanding the IFSC Code
The IFSC code is a unique identifier assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer network. The 11-character code has a specific structure that helps in routing transactions automatically.
Let’s break down the Raghunathpur branch IFSC code, PUNB0MBGB06:
- PUNB: The first four characters represent the bank’s name. In this case, it signifies Punjab National Bank, the sponsor bank.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters identify the specific branch. For Bihar Gramin Bank, this part uniquely points to the Raghunathpur branch.
How to Use the Raghunathpur Branch IFSC Code
Using the IFSC code for an online money transfer is straightforward. Whether you are using a mobile banking app or a net banking website, the steps are similar.
- Log in to your internet or mobile banking platform.
- Navigate to the Fund Transfer section and select the transfer type (NEFT, RTGS, or IMPS).
- Add a new beneficiary or payee. You will be asked to provide their bank details.
- Enter the beneficiary’s name, account number, and the IFSC code: PUNB0MBGB06.
- Double-check that all details, especially the account number and IFSC code, are correct to avoid errors.
- Enter the amount you wish to transfer and confirm the transaction, usually with an OTP or transaction PIN.
Why the Correct IFSC Code Matters
- Guaranteed Accuracy: It ensures your money is directed to the exact branch where the recipient’s account is held, eliminating guesswork.
- Faster Processing: Correct codes allow for automated processing by the banking system, which prevents the delays that come with manual intervention.
- Error Prevention: Using the right IFSC code minimizes the risk of a failed transaction or, worse, sending funds to an incorrect account.
- Transaction Security: It serves as a crucial layer of verification in the digital payment ecosystem, making your transactions more secure.
Contact Information
For any queries, you can reach out directly to the branch or the bank’s head office.
Raghunathpur Branch
Phone: 9771464070
Address: RAGHUNATHPUR, Buxar, Bihar – 802134
Bihar Gramin Bank Head Office
Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll-Free Number: 18001807777
Frequently Asked Questions
1. Can I still use my old Dakshin Bihar Gramin Bank IFSC code?
No. Following the merger, all IFSC codes for both Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are obsolete. You must use the new codes starting with ‘PUNB’ for all transactions to be successful.
2. What happens if I enter the wrong IFSC code?
If the code is invalid, your bank’s system will likely reject the transaction immediately. If the code is valid but for a different branch, the transfer may be delayed or fail. The funds are typically reversed to your account, but this can take several business days.
3. Is the IFSC code required for UPI payments?
No, you do not need to manually enter an IFSC code for standard UPI payments made to a VPA (e.g., `name@upi`). The UPI system automatically handles the routing between banks in the background.
4. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
The first four letters of an IFSC code identify the primary bank. Since Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank, the IFSC codes for all its branches begin with ‘PUNB’.
5. Are the IFSC and MICR codes the same?
No, they serve different purposes. The 11-character IFSC code is used for online fund transfers. The 9-digit MICR (Magnetic Ink Character Recognition) code is used primarily to process physical cheques more efficiently.
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.