Bihar Gramin Bank Raxaul IFSC Code

Bihar Gramin Bank’s Raxaul branch serves the community in East Champaran, Bihar. Understanding its Indian Financial System Code, or IFSC code, is key for any electronic money transfer. This unique code ensures that your funds reach the correct bank and branch swiftly and securely, whether you are using NEFT, RTGS, or IMPS for your transactions.

Branch Details

Here are the full details for the Bihar Gramin Bank branch in Raxaul:

Bank Name	Bihar Gramin Bank
Branch Name	Raxaul
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100202
Branch Address	Raxaul, EAST CHAMPARAN, 845305
Contact Number	9297954693
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845305
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two important regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger brought these banks under a single identity and a unified banking system sponsored by Punjab National Bank. As a result, all branches of the former UBGB and DBGB, including the Raxaul branch, now use a single, standardized IFSC code. The new and currently valid IFSC code for all Bihar Gramin Bank branches, including Raxaul, is PUNB0MBGB06.

It is very important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid. For any electronic fund transfer, you must use the new IFSC code PUNB0MBGB06. Using an old or incorrect IFSC code will lead to transaction failure or delays.

What is an IFSC Code?

The IFSC Code stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. This code is crucial for directing your money to the correct recipient bank and branch.

The structure of the IFSC code PUNB0MBGB06 can be broken down as follows:

• The first four characters, PUNB, identify the bank. In this case, it signifies Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use and remains constant across all IFSC codes.
• The last six characters, MBGB06, represent the specific branch code. These six characters uniquely identify the Raxaul branch of Bihar Gramin Bank.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are making electronic fund transfers. Here’s how it typically works for NEFT, RTGS, and IMPS:

1. Gather Recipient Details: Before initiating any transfer, you will need the recipient’s full name, their bank account number, and the correct IFSC code of their bank branch.
2. Log In to Banking Service: Access your online banking portal, mobile banking app, or visit your bank branch to fill out a fund transfer form.
3. Select Transfer Type: Choose the type of transfer you wish to make: NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
4. Enter Details: Input the recipient’s bank account number, confirm their name, and most importantly, accurately enter the 11-character IFSC code, such as PUNB0MBGB06 for Bihar Gramin Bank Raxaul.
5. Specify Amount: Enter the amount you wish to transfer.
6. Confirm and Authorize: Review all the details carefully before confirming the transaction. Incorrect IFSC codes can cause transfers to fail or be delayed significantly.

For example, if you are sending money to an account holder at the Bihar Gramin Bank Raxaul branch, you would use their account number along with PUNB0MBGB06 to ensure the funds are routed correctly.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the branch you are sending money to, offers several advantages:

• Facilitates Electronic Transfers: It is essential for all major electronic fund transfer systems like NEFT, RTGS, and IMPS, enabling quick and efficient money movement.
• Ensures Accuracy: The unique code helps prevent errors in transferring funds to the wrong bank or branch, adding a layer of security.
• Speeds Up Transactions: By accurately identifying the destination, the IFSC code helps process your transactions faster, reducing waiting times for fund settlement.
• Required for Online Banking: Most online banking platforms and mobile apps require the IFSC code to set up new beneficiaries or initiate transfers.
• Simplifies Payments: Whether it’s paying bills, transferring salary, or sending money to family, the IFSC code streamlines these common financial activities.

Contact Information

For any inquiries or assistance related to the Raxaul branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954693
• Branch Address: Raxaul, EAST CHAMPARAN, 845305
• 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 Raxaul branch?
A1: The IFSC code for Bihar Gramin Bank, Raxaul branch is PUNB0MBGB06.

Q2: Are the old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC codes still valid?
A2: No, all old IFSC codes belonging to UBGB and DBGB are now revoked. Following the merger, all branches operate under Bihar Gramin Bank with the new standardized IFSC code PUNB0MBGB06.

Q3: What does “IFSC” stand for?
A3: IFSC stands for Indian Financial System Code. It’s a unique identifier for bank branches involved in electronic funds transfer in India.

Q4: Can I find the IFSC code on my bank passbook or cheque book?
A4: Yes, the IFSC code is typically printed on the first page of your bank passbook and on the top left corner of your cheque leaves. You can also find it on your bank’s official website or through online IFSC lookup tools.

Q5: Why is the fifth character of an IFSC code always zero?
A5: The fifth character of an IFSC code is always ‘0’ (zero). This is a standard practice set by the Reserve Bank of India. It acts as a control character and is kept for future use, possibly for expanding the code structure if needed.