The Bihar Gramin Bank branch in Siwaisingpur, located in the Samastipur district of Bihar, serves as an important financial hub for the local community. When you need to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is essential. The IFSC is a unique code that identifies each bank branch in India. It is critical for smooth and accurate fund transfers through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Siwaisingpur |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3916 |
| Branch Address | Siwaisingpur, Samastipur, 848502, 9955997820 |
| Contact Number | 9955997820 |
| City | Samastipur |
| District | Samastipur |
| Reason | SAMASTIPUR |
| Pincode | 848502 |
| State | Bihar |
Merger Update
For customers of what were previously Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it is important to note a significant change. Both banks have merged to form the Bihar Gramin Bank. As a result of this merger and its sponsorship by Punjab National Bank (PNB), all branches, including Siwaisingpur, now operate under a unified IFSC code series beginning with PUNB0MBGB. Specifically, the IFSC code for Bihar Gramin Bank Siwaisingpur is PUNB0MBGB06. It is crucial to understand that any old IFSC codes previously used by UBGB or DBGB are no longer valid for transactions. You must use the new PUNB0MBGB06 code for all your fund transfers to this branch.
What is an IFSC Code?
An IFSC code is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in electronic funds transfers within India. Think of it as a specific address for a bank branch in the digital world. The structure of the IFSC code is straightforward:
- The first four characters represent the name of the bank. For example, ‘PUNB’ stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
- The fifth character is always ‘0’ (zero). This is reserved for future use and helps distinguish bank codes from branch codes.
- The last six characters identify the specific branch. In the case of PUNB0MBGB06, ‘MBGB06’ points to the particular Bihar Gramin Bank branch.
How to Use IFSC Code
Using the IFSC code is simple once you understand the process for different types of electronic fund transfers:
For NEFT (National Electronic Funds Transfer):
- Log in to your bank’s online banking portal or mobile app.
- Go to the ‘Fund Transfer’ or ‘Payments’ section.
- Select ‘NEFT’ as the transfer mode.
- Add the beneficiary (the person you are sending money to). You will need their name, account number, account type, and the IFSC code (PUNB0MBGB06 for Siwaisingpur branch).
- Enter the amount you wish to send.
- Confirm the transaction details.
For RTGS (Real Time Gross Settlement):
- RTGS is for high-value transactions, typically Rs 2 lakh and above. The steps are similar to NEFT.
- Log in to your bank’s online banking or mobile app.
- Select ‘RTGS’ as the transfer mode.
- Enter the beneficiary details, including their name, account number, account type, and the IFSC code (PUNB0MBGB06).
- Enter the amount.
- Review and confirm the transfer. RTGS transactions are processed continuously in real-time.
For IMPS (Immediate Payment Service):
- IMPS allows instant, 24/7 fund transfers.
- Access your bank’s mobile banking app or internet banking.
- Choose ‘IMPS’ for fund transfer.
- Provide the beneficiary’s mobile number, MMID (Mobile Money Identifier, if applicable), or their bank account number and the IFSC code (PUNB0MBGB06).
- Input the amount.
- Verify the details and proceed with the payment. The funds are usually credited immediately.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for your bank branch, or for the beneficiary’s bank branch, offers several important benefits:
- Accurate Fund Transfers: It ensures your money goes to the correct bank and specific branch, preventing errors.
- Faster Transactions: Correct IFSC codes enable quicker processing of NEFT, RTGS, and IMPS payments.
- Enhanced Security: By identifying the precise branch, the IFSC code adds a layer of security to electronic transactions.
- Convenience: It simplifies the process of online banking and mobile banking transfers.
- Prevents Reversals: Using the right code reduces the chances of transactions being returned due to incorrect branch identification.
Contact Information
If you need to get in touch with the Bihar Gramin Bank or its Siwaisingpur branch, here are the relevant contact details:
- Branch Phone Number (Siwaisingpur): 9955997820
- Branch Address (Siwaisingpur): Siwaisingpur, Samastipur, 848502, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Bihar Gramin Bank Toll-Free Number: 18001807777
Frequently Asked Questions
Here are answers to some common questions about IFSC codes and Bihar Gramin Bank:
Q1: What happens if I use an old IFSC code for a Bihar Gramin Bank transaction?
A1: If you use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, your transaction will likely fail or be rejected. It is crucial to use the current and valid IFSC code, PUNB0MBGB06, for the Siwaisingpur branch.
Q2: Is the IFSC code the same as the MICR code?
A2: No, IFSC and MICR codes are different. The IFSC code (PUNB0MBGB06) is used for electronic fund transfers. The MICR code (Magnetic Ink Character Recognition – 800811002 for Siwaisingpur) is a 9-digit code primarily used for processing paper-based cheque payments.
Q3: Can I find the IFSC code online?
A3: Yes, you can typically find the IFSC code on your bank’s official website, your cheque book, bank passbook, or through various reliable online financial portals. Always double-check to ensure the information is current.
Q4: Is it safe to share my IFSC code with others?
A4: Yes, it is generally safe to share your bank’s IFSC code. The IFSC code only helps identify the bank and branch for receiving funds. It does not provide access to your account or sensitive personal information.
Q5: What is the full form of BGB?
A5: BGB stands for Bihar Gramin Bank.
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.