Bihar Gramin Bank Shivnagar Ghat IFSC Code

When you need to send or receive money electronically in India, having the correct bank details is crucial. For the Bihar Gramin Bank branch located in Shivnagar Ghat, Darbhanga, understanding its Indian Financial System Code (IFSC) is key. This code acts like a unique digital address for the branch, making sure your money transfers through systems like NEFT, RTGS, and IMPS go to the right place quickly and securely. Without the correct IFSC, your transaction could be delayed or even fail.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	Shivnagar Ghat
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100487
Branch Address	Shivnagar Ghat, DARBHANGA, 847103
Contact Number	9297955165
City	DARBHANGA
District	DARBHANGA
State	Bihar
Pincode	847103

Merger Update for Regional Rural Banks

For the Shivnagar Ghat branch, the current IFSC is PUNB0MBGB06. This code structure indicates its link to Punjab National Bank as the sponsoring bank for a Regional Rural Bank, specifically Madhyanchal Gramin Bank (MBGB). It’s important to understand that over time, many Regional Rural Banks have undergone mergers and consolidations to streamline operations and provide better services. For instance, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged into larger entities. They now operate under unified IFSC codes, often sponsored by a larger public sector bank like Punjab National Bank. If a branch previously belonged to UBGB or DBGB, its old IFSC codes are now revoked. Only the new, consolidated IFSC code, such as PUNB0MBGB06, is valid for all transactions.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify all bank branches participating in online money transfers in India. Think of it as a unique digital fingerprint for each branch. It ensures that money sent through online channels reaches the correct recipient’s branch.

The IFSC code has a specific structure:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the specific branch under the Madhyanchal Gramin Bank.

How to Use an IFSC Code

Using the IFSC code for electronic fund transfers is straightforward. Whether you’re making a transfer via NEFT, RTGS, or IMPS, you’ll need the following information:

1. Recipient’s Account Number: The bank account number of the person or entity you are sending money to. Double-check this carefully.
2. Recipient’s Account Holder Name: The full name of the person or entity who owns the account. This helps confirm you have the right account.
3. Recipient’s IFSC Code: The 11-character code for the specific branch where the recipient holds their account. For this branch, it’s PUNB0MBGB06.
4. Amount to Transfer: The exact sum of money you wish to send.

After entering these details into your online banking portal or mobile app, the system uses the IFSC code to correctly route your transaction to the recipient’s bank and branch.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, and for the branches of those you transact with, offers several important benefits:

• Accuracy in Transfers: It ensures your money goes to the exact intended branch, reducing the chances of errors.
• Speedy Transactions: With the correct IFSC, electronic transfers like NEFT, RTGS, and IMPS are processed quickly, often within minutes or a few hours.
• Enhanced Security: The unique identification helps prevent fraudulent transactions by linking transfers to specific, verified bank branches.
• Nationwide Connectivity: It facilitates seamless money transfers to any bank branch across India that participates in electronic payment systems.
• Unique Identification: Each branch has a distinct code, making it easy to identify specific locations even if multiple branches share similar names.

Contact Information

Should you need to get in touch with the bank, here are the relevant contact details:

Shivnagar Ghat Branch:

• Phone Number: 9297955165
• Address: Shivnagar Ghat, DARBHANGA, 847103, Bihar

Head Office of Bihar Gramin Bank:

• Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number for Punjab National Bank (Sponsor Bank for this IFSC):

• Toll-Free: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, Shivnagar Ghat branch?

A1: The IFSC code for the Bihar Gramin Bank, Shivnagar Ghat branch is PUNB0MBGB06.

Q2: Is the MICR code important for bank transactions?

A2: Yes, the MICR (Magnetic Ink Character Recognition) code is important. It is mainly used for processing paper-based transactions like cheques. It helps in the quick and accurate clearing of cheques.

Q3: What should I do if my bank branch merged with another bank and its IFSC code changed?

A3: If your bank branch merged and its IFSC code changed, you must always use the new, updated IFSC code for all future electronic transactions. Old IFSC codes for merged branches are typically revoked and will not work. Always confirm the latest IFSC code from your bank or official sources.

Q4: What is the main difference between NEFT and RTGS?

A4: NEFT (National Electronic Funds Transfer) processes transactions in batches at specific times throughout the day, often with no minimum or maximum transfer limits. RTGS (Real Time Gross Settlement) processes transactions individually and in real-time, meaning the money is transferred almost instantly. RTGS is generally used for large-value transactions, typically above Rs 2 lakh (200,000).

Q5: Where can I find the IFSC code for my bank branch?

A5: You can usually find your bank’s IFSC code on your chequebook, bank passbook, or on your bank’s official website or mobile banking application. Reputable third-party financial websites also list these codes, but it’s always best to verify with official bank sources.