Madhya bihar gramin bank Ifsc code

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Madhya Bihar Gramin Bank Kab (kab) Branch is situated at Patna, Patna locale of the Bihar state. The location of Madhya Bihar Gramin Bank Kab (kab) branch according to bank office and RBI is .

The IFSC Code of Madhya Bihar Gramin Bank Kab (kab) branch is PUNB0MBGB06. Track down total data of Madhya Bihar Gramin Bank Kab (kab) branch with IFSC Code beneath. Assuming you wish Madhya Bihar Gramin Bank Ifsc Code Search,

IFSC Code: PUNB0MBGB06 (used for RTGS, NEFT and IMPS transactions)
Bank Name: Madhya Bihar Gramin Bank
Branch: Kab (kab)
Branch Code: Mbgb06
Mode Of Payment: Cash, Cheque, Demand Draft & Net banking
Website: Www.mgbpatna.com
Headquarter: Patna
Timing: Monday to Friday: 10 AM to 4 PM, Saturday – 10 AM to 4 PM (Except 2nd and 4th Saturday)
Remittance: NEFT
City: Patna
District: Patna
State: Bihar
Address:
Country: IN

FAQs for IFSC (Indian Financial System Code)

1. What is IFSC code?

IFSC, or Indian Financial System Code, is an alphanumeric code that uniquely identifies a bank branch in India. It is used for electronic funds transfer, such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

2. Why is the IFSC code important?

The IFSC code is crucial for ensuring accurate and secure fund transfers within the Indian banking system. It helps identify the specific branch of a bank to which the funds need to be transferred.

3. Where can I find my bank’s IFSC code?

You can find your bank’s IFSC code on various documents, including your bank passbook, cheque book, or by contacting your bank’s customer service. Additionally, you can search for it online on your bank’s official website or the Reserve Bank of India’s website.

4. How is an IFSC code structured?

An IFSC code consists of 11 characters. The first four characters represent the bank code, the fifth character is always ‘0,’ and the last six characters represent the specific branch of the bank.

5. Can two branches of the same bank have the same IFSC code?

No, each branch of a bank has a unique IFSC code. Even if two branches belong to the same bank, they will have different IFSC codes to distinguish between them.

6. Can I use any bank’s IFSC code for fund transfers?

No, you should use the IFSC code of the recipient bank’s branch to which you want to transfer funds. Using the correct IFSC code is essential to ensure the money reaches the intended account.

7. Is it necessary to use the IFSC code for all types of electronic fund transfers?

Yes, the IFSC code is required for NEFT, RTGS, and IMPS transactions. It ensures that the money is credited to the correct account.

8. Can I find the IFSC code of a branch by its name or location?

Yes, there are online tools and websites that allow you to search for the IFSC code of a particular bank branch by providing its name or location. You can also inquire with your bank or check on the Reserve Bank of India’s official website.

9. What should I do if I provide the wrong IFSC code for a transaction?

If you provide the wrong IFSC code, the transaction may be rejected, or the funds may be credited to the wrong account. In such cases, you should contact your bank’s customer service to rectify the issue and recover the funds.

10. Can I find the IFSC code for international banks operating in India?

Yes, you can find the IFSC code for branches of international banks operating in India. These banks have IFSC codes just like any other Indian bank, which can be obtained from their official sources or the RBI website.

11. Is the IFSC code the same as the MICR code?

No, the IFSC code and MICR (Magnetic Ink Character Recognition) code are different. The IFSC code is used for electronic fund transfers, while the MICR code is used for processing paper-based transactions, such as cheques.

12. How do I verify the accuracy of an IFSC code before making a transaction?

You can verify the accuracy of an IFSC code by double-checking it with your bank, referring to the RBI’s official website, or using online tools and applications that validate IFSC codes.

Remember that using the correct IFSC code is crucial for error-free and secure fund transfers within the Indian banking system. If you have any doubts or concerns, it’s always a good idea to seek assistance from your bank or a reliable source.

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