The Bihar Gramin Bank branch in Shankarpur Khawas is located in the Bhagalpur district of Bihar. For anyone needing to send money online to an account at this branch, using the correct Indian Financial System Code (IFSC) is essential. This 11-character code acts as a unique address for the branch, ensuring that transfers made through National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) reach their destination accurately and without delay.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Shankarpur Khawas |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | Shankarpur Khawas, Bhagalpur, 813205, Bihar |
| Contact Number | 8102928364 |
| City | Bhagalpur |
| District | Bhagalpur |
| State | Bihar |
Important Merger Update
Previously, Bihar had two separate regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form a single entity, now known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).
As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB branches are now invalid. For any online transaction, you must use the new IFSC code format, which starts with ‘PUNB’. The correct and only valid IFSC code for the Shankarpur Khawas branch is PUNB0MBGB06. Using an old code will result in a failed transaction.
What is an IFSC Code?
An IFSC code is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the electronic funds transfer system. It ensures that money is routed to the correct location. The structure is always the same:
- First 4 Characters: These represent the bank’s name. For Bihar Gramin Bank, this is PUNB, which stands for its sponsor bank, Punjab National Bank.
- Fifth Character: This is always a zero (0). It is reserved for future use.
- Last 6 Characters: This part identifies the specific branch. For Shankarpur Khawas, the branch code is MBGB06.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code to send money is a straightforward process. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.
- Log in to your internet or mobile banking account.
- Navigate to the ‘Fund Transfer’ section and select the payment method (NEFT, RTGS, or IMPS).
- Add a new beneficiary or payee. You will be asked to provide their details.
- Enter the beneficiary’s name, account number, and bank.
- In the IFSC code field, carefully enter PUNB0MBGB06.
- Verify the details and confirm the transaction. The funds will be transferred to the Shankarpur Khawas branch account.
Benefits of Using the Correct IFSC Code
- Ensures Accuracy: The code directs your money to the exact branch, eliminating the risk of it going to the wrong place.
- Prevents Delays: A correct IFSC code helps process transactions quickly. An incorrect code will cause the transfer to be rejected, leading to delays.
- Enables Digital Banking: Without the IFSC code, you cannot perform essential online transactions like NEFT, RTGS, and IMPS.
- Reduces Errors: The unique code for each branch minimizes manual errors during the transfer process.
Contact Information
For any direct queries, you can reach out to the branch or the head office.
Shankarpur Khawas Branch
- Phone: 8102928364
- Address: Shankarpur Khawas, Bhagalpur, Bihar – 813205
Bihar Gramin Bank Head Office
- Toll-Free Number: 18001807777
- Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Frequently Asked Questions
What is the new IFSC code for Bihar Gramin Bank, Shankarpur Khawas branch?
The new and correct IFSC code is PUNB0MBGB06. All older codes are no longer in use.
Why does the IFSC code for Bihar Gramin Bank start with ‘PUNB’?
It starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). PNB manages the technical infrastructure for fund transfers, so its identifier is used in the IFSC code.
Can I still use an old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. Following the merger of DBGB and UBGB, all old IFSC codes have been revoked. You must use the new ‘PUNB’ series codes for all transactions to be successful.
What is the difference between NEFT, RTGS, and IMPS?
NEFT (National Electronic Funds Transfer) processes transactions in batches and is suitable for smaller amounts. RTGS (Real-Time Gross Settlement) is for large-value transactions (typically over ₹2 lakh) that are settled instantly. IMPS (Immediate Payment Service) is a 24/7 service for instant transfers of smaller amounts, even on holidays.
What happens if I enter the wrong IFSC code?
If the IFSC code you entered does not exist, the transaction will be rejected, and the money will be credited back to your account. If the code exists but belongs to a different branch, the funds might be sent to that branch, which could cause significant delays in getting your money back.
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.