Bihar Gramin Bank Rangpura IFSC Code

The Bihar Gramin Bank branch in Rangpura, Purnia district of Bihar, serves as a vital financial hub for the local community. For anyone looking to transfer money, understanding the Indian Financial System Code (IFSC) for this branch is crucial. An IFSC code is a unique 11-character identifier used in India for electronic fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It ensures that your money reaches the correct bank and branch without errors, making financial transactions secure and efficient.

Branch Details

Here are the essential details for the Bihar Gramin Bank, Rangpura branch:

Bank Name	Bihar Gramin Bank
Branch Name	Rangpura
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108097
Branch Address	Rangpura, PURNIA, 854301, 9297954167
Contact Number	9297954167
City	PURNIA
District	PURNIA
Pincode	854301
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the merger of Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank (MBGB). As part of this consolidation, the bank now operates under a unified structure, sponsored by Punjab National Bank. The Rangpura branch, like all other branches of Bihar Gramin Bank, uses a standardized IFSC code.

Specifically, the IFSC code PUNB0MBGB06 reflects its current status and sponsorship. It’s important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Madhya Bihar Gramin Bank branches are now revoked. For all electronic fund transfers to this branch, only the new, unified IFSC code PUNB0MBGB06 is valid. Using an outdated IFSC code could lead to transaction failure or delays.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is a unique 11-character code assigned by the Reserve Bank of India (RBI) to every bank branch participating in electronic funds settlement systems. It follows a specific structure:

• The first four characters represent the bank name. For instance, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between different bank branches.
• The last six characters identify the specific branch. For the Rangpura branch, these characters are “MBGB06,” which uniquely points to this particular location within the Bihar Gramin Bank network.

This standardized structure ensures that each branch has a distinct identifier, preventing errors in money transfers.

How to Use an IFSC Code

Using an IFSC code is a straightforward process when you’re sending money electronically. Here’s how it generally works for different types of transfers:

• NEFT (National Electronic Funds Transfer): This system allows for nationwide electronic fund transfers. When initiating an NEFT transaction, whether online or through your bank, you will need to provide the beneficiary’s bank account number, account holder’s name, and the Rangpura branch’s IFSC code (PUNB0MBGB06). Transactions are processed in batches throughout the day.
• RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically for amounts of 2 lakh rupees or more. Funds are transferred individually and in real time. Similar to NEFT, you’ll need the beneficiary’s account number, name, and the correct IFSC code (PUNB0MBGB06) to ensure the immediate transfer of funds.
• IMPS (Immediate Payment Service): IMPS offers instant 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent payments via mobile banking or internet banking. When using IMPS, you’ll typically enter the beneficiary’s account number and the IFSC code (PUNB0MBGB06) to complete the transaction instantly.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transfer to avoid issues.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, Rangpura branch, offers several advantages:

• Ensures Accuracy: It helps route your funds to the exact bank and branch, minimizing the risk of errors or transfers to unintended accounts.
• Facilitates Electronic Transfers: It is a mandatory requirement for all major electronic fund transfer systems like NEFT, RTGS, and IMPS, enabling quick and reliable transactions.
• Saves Time: With the correct IFSC, your transactions are processed smoothly, avoiding delays that can occur due to incorrect or missing information.
• Enhances Security: The unique code adds a layer of security by verifying the destination of the funds.
• Mandatory for Online Banking: If you’re setting up a new beneficiary for online transfers, the IFSC code is a required field.

Contact Information

• Branch Phone Number: 9297954167
• Branch Address: Rangpura, PURNIA, 854301, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, Rangpura branch?
A1: The IFSC code for the Bihar Gramin Bank, Rangpura branch, is PUNB0MBGB06.

Q2: Is the old IFSC code still valid for the Rangpura branch after the merger?
A2: No, old IFSC codes associated with Uttar Bihar Gramin Bank (UBGB) or Madhya Bihar Gramin Bank (MBGB) are no longer valid. You must use the new, unified IFSC code PUNB0MBGB06 for all electronic transactions to the Rangpura branch.

Q3: What types of transactions require an IFSC code?
A3: An IFSC code is essential for all electronic fund transfers such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Q4: Can I find the IFSC code on my passbook or cheque book?
A4: Yes, the IFSC code is typically printed on the first page of your bank passbook and on cheque leaves issued by the bank. However, always verify it, especially after mergers, to ensure you have the most current code.

Q5: What happens if I use an incorrect IFSC code during a transaction?
A5: If you use an incorrect IFSC code, your electronic fund transfer will most likely fail or be rejected by the bank. The funds will usually be returned to your account within a few hours or a business day, but it will delay your transaction. Always double-check the code to avoid such issues.