Bihar Gramin Bank Samastipur IFSC Code

If you need to send or receive money to an account at Bihar Gramin Bank in Samastipur, you’ll need a special code called the IFSC code. This code is crucial for all electronic fund transfers, whether you’re using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service). The Samastipur branch, located in Samastipur, Bihar, uses a specific IFSC code to ensure your funds reach the correct destination quickly and securely.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Samastipur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3901
Branch Address	Samastipur, Samastipur, 848101, 9955997810
Contact Number	9955997810
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848101
State	Bihar

Merger Update

Bihar Gramin Bank, which includes the Samastipur branch, was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidated entity operates under the sponsorship of Punjab National Bank. Because of this merger, all previous IFSC codes belonging to the former UBGB and DBGB are no longer valid. For any transactions with Bihar Gramin Bank, including the Samastipur branch, you must use the unified IFSC code PUNB0MBGB06. This new code ensures that your transactions are processed correctly through the Punjab National Bank system.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers in India. Think of it like a unique address for a bank branch that helps direct your funds accurately.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank’s name. For example, “PUNB” indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific bank branch. In this case, “MBGB06” uniquely points to the Samastipur branch of Bihar Gramin Bank.

How to Use the IFSC Code

Using the IFSC code is a key part of electronic fund transfers. Here’s how it works for common transfer methods:

• For NEFT (National Electronic Funds Transfer): This method allows you to transfer money from one bank account to another across India. When initiating an NEFT transaction through your bank’s online portal or at a branch, you’ll need to provide the beneficiary’s name, account number, bank name (Bihar Gramin Bank), and the correct IFSC code (PUNB0MBGB06). Transactions are processed in batches during specific hours.
• For RTGS (Real Time Gross Settlement): RTGS is for large value transactions, typically Rs. 2 lakhs and above. Funds are transferred individually and in real-time. Similar to NEFT, you’ll provide the beneficiary’s details, including their account number, bank name, and the IFSC code PUNB0MBGB06.
• For IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. You can use your mobile banking app or internet banking to initiate an IMPS transfer. You will need the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code (PUNB0MBGB06).

Always double-check the IFSC code and the beneficiary’s account number before confirming any transaction to avoid sending money to the wrong account.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Accurate Fund Transfers: It ensures that your money is sent to the precise bank and branch you intend, minimizing errors.
• Faster Processing: Correct IFSC codes help banks route your electronic transactions efficiently, leading to quicker transfers.
• Secure Transactions: By uniquely identifying each branch, the IFSC code adds a layer of security to your financial transactions.
• Convenience: It simplifies the process of sending and receiving money digitally, making banking more accessible from anywhere.
• Essential for Online Banking: Whether you’re setting up a new payee or making a one-time transfer, the IFSC code is a mandatory field for all online banking platforms.

Contact Information

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

• Branch Phone Number: 9955997810
• Branch Address: Samastipur, Samastipur, 848101
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some common questions about the Bihar Gramin Bank Samastipur IFSC code:

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

Q2: Is Bihar Gramin Bank still operating as a separate entity, or is it part of another bank?
A2: Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. It operates under the sponsorship of Punjab National Bank, which is reflected in its IFSC code starting with “PUNB”.

Q3: Can I use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) for transfers?
A3: No, all old IFSC codes for UBGB and DBGB have been revoked following their merger into Bihar Gramin Bank. You must use the new, unified IFSC code PUNB0MBGB06 for all transactions.

Q4: Why is the fifth character of the IFSC code always ‘0’ (zero)?
A4: The fifth character in the IFSC code is reserved as a ‘0’ (zero) for future use. This allows for potential expansion or changes in the banking system without needing to restructure the entire code format.

Q5: What should I do if my online transfer fails due to an incorrect IFSC code?
A5: If your transfer fails, first verify that you have entered the correct IFSC code (PUNB0MBGB06) and the beneficiary’s account number. If the details are correct, contact your bank’s customer service or the Bihar Gramin Bank branch at Samastipur for assistance. Using the correct code is vital for successful transactions.