Bihar Gramin Bank Tikapatti. IFSC Code

The Tikapatti branch of Bihar Gramin Bank, located in Purnia, Bihar, plays a crucial role in the local economy by providing essential banking services. For anyone looking to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is vital. The IFSC code is a unique identifier used in online transactions like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). It ensures that your funds reach the correct bank and branch without error, making financial transfers secure and efficient.

Branch Details

Here are the key details for the Bihar Gramin Bank, Tikapatti branch:

Bank Name	Bihar Gramin Bank
Branch Name	Tikapatti
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100781
Branch Address	Tikapatti., PURNIA, 854101, 9297954172
Contact Number	9297954172
City	PURNIA
District	PURNIA
Reason	PURNEA
Pincode	854101
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank and Madhya Bihar Gramin Bank. Following this merger, a unified banking structure and a new IFSC code system were adopted. All branches of Bihar Gramin Bank now operate under the sponsorship of Punjab National Bank.

Due to this consolidation, the single IFSC code PUNB0MBGB06 is now applicable for the Tikapatti branch and all other Bihar Gramin Bank branches. It is crucial to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Madhya Bihar Gramin Bank are no longer valid for transactions. Always use the current code PUNB0MBGB06 to ensure your electronic fund transfers are processed successfully.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in electronic funds transfers. This code is essential for all online money transfers through systems like NEFT, RTGS, and IMPS.

The 11 characters of an IFSC code are structured in a specific way:

• The first four characters represent the bank name. For Bihar Gramin Bank, the sponsor bank is Punjab National Bank, so the code starts with PUNB.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. For the Tikapatti branch, these are MBGB06.

So, the complete IFSC code for Bihar Gramin Bank, Tikapatti branch, is PUNB0MBGB06.

How to Use an IFSC Code

Using an IFSC code correctly is vital for any electronic fund transfer. Here are the steps involved when you perform an NEFT, RTGS, or IMPS transaction:

1. Log In to Your Bank Account: Access your internet banking portal or mobile banking app.
2. Select Transfer Type: Choose the type of transfer you want to make, such as NEFT, RTGS, or IMPS.
3. Add Beneficiary Details: If you are sending money to someone for the first time, you will need to add them as a beneficiary. You will need the following information:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Beneficiary’s Bank’s IFSC Code (e.g., PUNB0MBGB06 for Tikapatti branch)
   • Beneficiary’s Bank Name
4. Enter Amount: Specify the amount of money you wish to transfer.
5. Confirm Details: Double-check all the entered details, especially the account number and IFSC code, to avoid errors.
6. Authenticate Transaction: Complete the transaction using your password, PIN, or OTP (One-Time Password) as required by your bank.

For example, if you are sending money to an account holder at the Bihar Gramin Bank Tikapatti branch, you would enter “PUNB0MBGB06” in the IFSC code field during the transfer process.

Benefits of Knowing Your IFSC Code

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

• Enables Electronic Transfers: It is mandatory for all online fund transfers like NEFT, RTGS, and IMPS. Without it, electronic transactions cannot be processed.
• Ensures Accuracy: The unique code ensures that funds are routed to the specific bank and branch intended, minimizing the chances of funds going to the wrong account.
• Speeds Up Transactions: By precisely identifying the destination branch, the IFSC code helps in faster processing and settlement of electronic payments.
• Facilitates Interbank Transactions: It allows seamless communication and transfer of funds between different banks and their branches across India.
• Security: The standardized system reduces manual errors and increases the security of your financial transactions.

Contact Information

Should you need to contact the bank or its head office, here are the details:

• Tikapatti Branch Phone Number: 9297954172
• Tikapatti Branch Address: Tikapatti., PURNIA, 854101, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the full form of IFSC?
A1: IFSC stands for Indian Financial System Code.

Q2: Is the Tikapatti branch IFSC different from other Bihar Gramin Bank branches?
A2: The first five characters (PUNB0) are common for all Bihar Gramin Bank branches under Punjab National Bank’s sponsorship. The last six characters (MBGB06) are unique to the Tikapatti branch, distinguishing it from other branches.

Q3: Can I use an old IFSC code for Bihar Gramin Bank after the merger?
A3: No, after the merger that formed Bihar Gramin Bank, all old IFSC codes from the previous Uttar Bihar Gramin Bank or Madhya Bihar Gramin Bank are revoked. You must use the new unified code, PUNB0MBGB06, for the Tikapatti branch.

Q4: What happens if I enter a wrong IFSC code during a transaction?
A4: If you enter an incorrect IFSC code, your transaction will likely fail. The banking system will detect that the code does not match the beneficiary’s bank and branch, and the transfer will not go through. Your funds will generally be returned to your account.

Q5: Is an IFSC code required for cash deposits or withdrawals at the branch?
A5: No, an IFSC code is not typically required for physical cash deposits or withdrawals made directly at a bank branch. It is specifically used for electronic fund transfers between different banks or branches.