The Bihar Gramin Bank branch in Kaler is located in the Arwal district of Bihar. For anyone looking to send or receive money online through this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code acts like a specific address for the bank branch, ensuring that funds transferred via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) reach the correct account without any errors.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | KALER |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | KALER, Arwal, 824127, Bihar |
| Contact Number | 9771464106 |
| City | Arwal |
| District | Arwal |
| Region | AURANGABAD |
| Pincode | 824127 |
| State | Bihar |
Merger and IFSC Update
It is important to note that two regional rural banks, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), have been amalgamated. The new entity is known as Bihar Gramin Bank, and it is sponsored by Punjab National Bank (PNB). As a result of this merger, all old IFSC codes belonging to the former DBGB and UBGB have been discontinued. All branches, including Kaler, now use a new, unified IFSC code structure that starts with ‘PUNB’. For any online transaction, you must use the new IFSC code, PUNB0MBGB06, as the old codes are no longer valid and will cause transactions to fail.
What is an IFSC Code?
An IFSC code is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the country’s electronic funds transfer network. The code has a specific structure that helps route payments correctly.
Let’s break down the Kaler branch IFSC, PUNB0MBGB06:
- PUNB: The first four alphabetic characters represent the bank’s name. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
- 0: The fifth character is always a zero. It is reserved for future use.
- MBGB06: The last six characters represent the specific branch. This part of the code is unique to the Kaler branch.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code is a straightforward part of any online money transfer. Whether you are using a mobile banking app or internet banking, the steps are generally the same.
- Add a Beneficiary: Log in to your net banking portal or mobile app and navigate to the ‘Fund Transfer’ section. You will need to add the recipient (beneficiary) by providing their name, bank account number, and their bank’s IFSC code.
- Enter the Details: Carefully input the beneficiary’s account number and the Kaler branch IFSC code: PUNB0MBGB06.
- Initiate the Transfer: Once the beneficiary is added, you can select them from your list, enter the amount you wish to send, and choose the transfer method (NEFT, RTGS, or IMPS).
- Confirm the Transaction: Review the details one last time and confirm the payment, usually with an OTP or transaction password.
Benefits of Using the Correct IFSC Code
- Transaction Accuracy: The primary benefit is ensuring your money goes to the exact bank and branch you intend. It minimizes the risk of funds being misdirected.
- Error Prevention: The banking system uses the IFSC to validate the branch details before processing a payment. An incorrect code will usually result in a failed transaction, preventing the money from going to the wrong place.
- Enables Digital Banking: IFSC codes are the backbone of digital payment systems in India, making services like NEFT, RTGS, and IMPS possible, fast, and secure.
- Systematic Routing: It provides a standardized method for electronically routing payments between different banks and branches, creating an efficient and reliable network.
Contact Information
For any direct queries, you can reach out to the branch or the head office.
- Branch Contact Number: 9771464106
- Branch Address: KALER, Arwal, 824127, Bihar
- Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna-800030, Bihar
- Toll-Free Number: 18001807777
Frequently Asked Questions
What is the bank for IFSC code PUNB0MBGB06?
This IFSC code belongs to the Bihar Gramin Bank, Kaler branch, located in Arwal, Bihar. The code begins with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank.
Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. Following the merger of Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank, all old IFSC codes have been revoked. You must use the new codes, like PUNB0MBGB06 for the Kaler branch, for all transactions to be successful.
What happens if I enter the wrong IFSC code?
If you enter an incorrect IFSC code, the transaction will most likely be rejected by the banking system. In the rare event that the incorrect code matches another valid branch, the funds could be sent there. It is always critical to double-check the IFSC code before confirming a payment.
What is the difference between an IFSC code and a MICR code?
An IFSC code is used for electronic fund transfers like NEFT and RTGS. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf, used for the faster processing of cheques.
Do I need this IFSC code for international money transfers?
No, IFSC codes are only for domestic fund transfers within India. For receiving money from another country, you will need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code provided by the 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.