Bihar Gramin Bank Tiyan IFSC Code

The Bihar Gramin Bank branch in Tiyan, located in the Siwan district of Bihar, serves as a crucial financial access point for the local community. To facilitate smooth and secure digital money transfers, understanding its Indian Financial System Code (IFSC) is essential. The IFSC is a unique 11-character code used for various online transactions such as National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures that your money reaches the correct bank and branch without errors, making it a cornerstone of modern banking.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Tiyan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100680
Branch Address	Tiyan, SIWAN, 841231, 9297954595
Contact Number	9297954595
City	SIWAN
District	SIWAN
Pincode	841231
State	Bihar

Merger Update

The financial landscape for regional rural banks in Bihar has undergone significant changes. The original Bihar Gramin Bank, along with Patna Kshetriya Gramin Bank and Vaishali Kshetriya Gramin Bank, merged to form Madhya Bihar Gramin Bank. This consolidated entity operates under the sponsorship of Punjab National Bank. As a result of this merger and consolidation, all branches of Madhya Bihar Gramin Bank, including the Tiyan branch, now use a unified IFSC code structure. The IFSC code PUNB0MBGB06 is specific to Madhya Bihar Gramin Bank. It is important to note that any old IFSC codes previously associated with the original Bihar Gramin Bank are no longer valid for fund transfers. For any NEFT, RTGS, or IMPS transactions, you must use the updated IFSC code, PUNB0MBGB06, to ensure your funds are processed correctly.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is a unique alphanumeric identifier assigned to each bank branch in India by the Reserve Bank of India (RBI). It is crucial for electronic fund transfers. This 11-character code helps identify the specific bank and branch where a transaction needs to be directed.

The structure of an IFSC code is standard across all banks:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish bank codes from branch codes.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the Tiyan branch of Madhya Bihar Gramin Bank.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are transferring money online:

1. Initiate the Transaction: Log in to your bank’s net banking portal or mobile banking app. Select the option for fund transfer (NEFT, RTGS, or IMPS).
2. Add Beneficiary Details: If you are sending money to a new recipient, you will first need to add them as a beneficiary. This involves entering their name, account number, account type (savings or current), and the IFSC code of their bank branch.
3. Enter IFSC Code: Carefully type in the IFSC code PUNB0MBGB06 for the Tiyan branch of Madhya Bihar Gramin Bank. Double-check for any typos to prevent transaction failures.
4. Confirm Bank and Branch: After entering the IFSC code, the system usually automatically fetches and displays the bank and branch name associated with that code. Verify that it shows “Madhya Bihar Gramin Bank” and “Tiyan”.
5. Enter Amount and Purpose: Input the amount you wish to transfer and a brief description for the transaction, if required.
6. Review and Confirm: Review all the details one last time before confirming the transaction. This includes the beneficiary’s name, account number, IFSC code, and the transfer amount.

Benefits of Knowing the IFSC Code

Having quick access to the correct IFSC code for the Bihar Gramin Bank, Tiyan branch, offers several advantages:

• Seamless Fund Transfers: It enables quick and error-free electronic transfers like NEFT, RTGS, and IMPS.
• Enhanced Security: The unique code ensures that money is routed to the precise branch and account, minimizing the risk of misdirected funds.
• Convenience: You can transfer money from anywhere at any time, without needing to visit the bank branch in person.
• Online Bill Payments: Many online payment platforms use IFSC codes for linking bank accounts for recurring payments or direct debits.
• Faster Processing: Transactions initiated with the correct IFSC code are processed much faster compared to traditional methods.

Contact Information

For any queries or assistance related to the Tiyan branch of Madhya Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954595
• Branch Address: Tiyan, SIWAN, 841231, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank/MBGB): 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the full name of the bank associated with the Tiyan branch IFSC code PUNB0MBGB06?
A1: The Tiyan branch now belongs to Madhya Bihar Gramin Bank. The IFSC code includes “PUNB” because Punjab National Bank is its sponsoring bank.

Q2: Is the Tiyan branch still called Bihar Gramin Bank?
A2: While it may have been known as Bihar Gramin Bank in the past, it is now officially part of Madhya Bihar Gramin Bank due to a merger. For all official purposes and transactions, it operates under Madhya Bihar Gramin Bank.

Q3: Can I use an old IFSC code for the Tiyan branch for fund transfers?
A3: No, old IFSC codes for the Tiyan branch (if it had a different one before the merger into Madhya Bihar Gramin Bank) are no longer valid. You must use the current IFSC code, PUNB0MBGB06, for all electronic fund transfers.

Q4: What should I do if my online transaction fails due to an incorrect IFSC code?
A4: If your transaction fails, first re-check the IFSC code you entered. Ensure it is exactly PUNB0MBGB06. If the code is correct, verify the beneficiary’s account number and name. If problems persist, contact your bank’s customer service or the Tiyan branch directly.

Q5: Is the MICR code necessary for online transactions?
A5: No, the MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. For online fund transfers like NEFT, RTGS, and IMPS, only the IFSC code is required.