Bihar Gramin Bank Rajpur Bazar IFSC Code

When you need to send or receive money, understanding the correct bank details is crucial. For the Bihar Gramin Bank branch located in Rajpur Bazar, East Champaran, having the correct Indian Financial System Code (IFSC) is essential. This code acts like a digital address for bank branches, making sure your funds go to the right place. It is a mandatory requirement for popular electronic fund transfer methods such as National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the accurate IFSC, your transaction cannot be completed.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Rajpur Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100246
Branch Address	Rajpur Bazar, EAST CHAMPARAN, 845432, 9297954690
Contact Number	9297954690
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845432
State	Bihar

Merger Update for Madhya Bihar Gramin Bank

The IFSC code for the Rajpur Bazar branch is PUNB0MBGB06. This code clearly indicates that the branch operates under Madhya Bihar Gramin Bank (MBGB), which is sponsored by Punjab National Bank (PNB). Regional Rural Banks (RRBs) in India often undergo mergers to consolidate operations and improve efficiency. Madhya Bihar Gramin Bank itself was formed from the amalgamation of Patna Kshetriya Gramin Bank, Nalanda Gramin Bank, and Bhojpur Rohtas Gramin Bank.

As a result of such consolidations, the old IFSC codes of the individual merged banks are no longer valid. For any transactions with the Rajpur Bazar branch, you must use the updated and unified IFSC code, PUNB0MBGB06. This ensures that your financial transfers are processed correctly and without delays under the Punjab National Bank network.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers. It is crucial for electronic payment systems like NEFT, RTGS, and IMPS.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control character.
• The last six characters identify the specific bank branch. In our example, “MBGB06” identifies the Madhya Bihar Gramin Bank and the specific Rajpur Bazar branch within its network.

How to Use the IFSC Code

Using the IFSC code is simple when you are making an electronic fund transfer. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log in to your banking portal: Access your bank’s net banking website or mobile banking app.
2. Select the transfer type: Choose NEFT, RTGS, or IMPS, depending on the amount and urgency of your transfer.
3. Add a new beneficiary: If you haven’t transferred to this account before, you will need to add the recipient as a beneficiary.
4. Enter beneficiary details:
   • Beneficiary Name (the account holder’s name)
   • Beneficiary Account Number (the account where money will be sent)
   • Confirm Beneficiary Account Number
   • IFSC Code: Enter PUNB0MBGB06 for the Bihar Gramin Bank, Rajpur Bazar branch.
5. Confirm and transfer: Review all the details carefully to avoid errors, then proceed with the transfer.

For NEFT and IMPS, the transaction happens quickly. RTGS is used for larger amounts and processes in real-time during banking hours.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for the Rajpur Bazar branch offers several important benefits:

• Ensures accurate transfers: It guarantees that your money reaches the correct bank and specific branch, preventing misdirected funds.
• Facilitates online transactions: It is mandatory for all electronic fund transfers (NEFT, RTGS, IMPS), allowing you to send and receive money digitally.
• Saves time: Correctly using the IFSC code speeds up the processing of your transactions.
• Enhances security: By uniquely identifying branches, it adds an extra layer of security to your financial dealings.
• Reduces errors: It helps minimize manual errors that can occur when dealing with complex account numbers and branch names.

Contact Information

If you need to get in touch with the Bihar Gramin Bank, Rajpur Bazar branch, or the head office, here are the contact details:

• Branch Phone Number: 9297954690
• Branch Address: Rajpur Bazar, EAST CHAMPARAN, 845432, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 only for the Rajpur Bazar branch?
A1: No, the full IFSC code PUNB0MBGB06 identifies the specific Rajpur Bazar branch within the Madhya Bihar Gramin Bank network. While ‘PUNB0MBGB’ indicates Madhya Bihar Gramin Bank under PNB, the ’06’ at the end specifically points to the Rajpur Bazar branch.

Q2: Can I use an old IFSC code if I still have it?
A2: No, it is crucial to use only the current and correct IFSC code, PUNB0MBGB06. Due to bank mergers and changes in banking structures, old IFSC codes may become invalid. Using an outdated code will result in your transaction being rejected or delayed.

Q3: What is the difference between NEFT, RTGS, and IMPS?
A3: NEFT (National Electronic Funds Transfer) is for deferred net settlements, processing transactions in batches. RTGS (Real Time Gross Settlement) is for high-value, real-time transfers. IMPS (Immediate Payment Service) allows instant, 24/7 fund transfers, even on holidays, for smaller to medium amounts.

Q4: Where can I find the IFSC code if I don’t have it?
A4: You can usually find the IFSC code on your bank’s cheque book, passbook, or account statements. It is also available on the official website of the bank or through online IFSC finders. Always verify the code before making a transaction.

Q5: Is an IFSC code required for all bank transactions?
A5: The IFSC code is specifically required for electronic fund transfers like NEFT, RTGS, and IMPS when sending money to another bank or branch. It is not generally needed for cash deposits, ATM withdrawals, or transactions within the same branch.