Bihar Gramin Bank Kedrabad IFSC Code

The Kedrabad branch of Bihar Gramin Bank is located in the Begusarai district of Bihar. For anyone looking to send or receive money online through this branch, understanding its IFSC code is essential. The Indian Financial System Code (IFSC) is a unique 11-character code assigned by the Reserve Bank of India (RBI) to every bank branch. It acts like a digital address, ensuring that your funds transferred via NEFT, RTGS, or IMPS reach the correct bank and branch without any errors.

Branch Details

Important Merger Update

Bihar Gramin Bank was formed through the amalgamation of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, all branches now operate under the Bihar Gramin Bank name, sponsored by Punjab National Bank (PNB).

As a result, all old IFSC codes belonging to the former UBGB and DBGB branches have been revoked and are no longer valid. For any online transaction to the Kedrabad branch or any other Bihar Gramin Bank branch, you must use the new IFSC code, which starts with ‘PUNB’. Using an old code will lead to transaction failure.

What is an IFSC Code?

The IFSC code is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the electronic funds transfer system. Let’s break down the IFSC code for the Kedrabad branch, PUNB0MBGB06:

• PUNB: The first four letters represent the name of the sponsor bank, which is Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use by the RBI.
• MBGB06: The last six characters represent the specific branch code, in this case, for the Kedrabad branch of Bihar Gramin Bank.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a straightforward process. Whether you are using NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service), the steps are generally the same.

1. Log in to your internet banking portal or mobile banking app.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select the option to add a new beneficiary or payee.
4. Enter the beneficiary’s name, bank account number, and account type.
5. In the designated field, carefully enter the IFSC code: PUNB0MBGB06.
6. After verifying all the details, confirm the addition of the beneficiary. You can now initiate the fund transfer.

Benefits of Using the Correct IFSC Code

• Accuracy: It ensures that your money is routed to the exact bank branch intended, eliminating the risk of funds being sent to the wrong location.
• Speed: A correct IFSC code helps in the automated processing of transactions, making fund transfers faster and more efficient.
• Reduced Errors: It minimizes the chances of transaction failures or delays, which can occur if the code is incorrect or outdated.
• Security: The code is a key component of the secure electronic payment systems managed by the RBI.

Contact Information

For any direct queries or assistance, you can reach out to the branch or the head office.

Branch Contact
Phone: 8102926317
Address: Kedrabad, Begusarai, 851111, Bihar

Head Office
Address: Shri Vishnu Commercial Complex, Asochak, Patna-800030, Bihar
Toll-Free Number: 18001807777

Frequently Asked Questions

1. What is the new IFSC Code for Bihar Gramin Bank, Kedrabad branch?

The correct and current IFSC code for the Kedrabad branch is PUNB0MBGB06.

2. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?

It starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank. The first four letters of an IFSC code always identify the parent or sponsor bank.

3. Can I still use my old Uttar Bihar Gramin Bank (UBGB) IFSC code?

No. All old IFSC codes from the pre-merger era of UBGB and DBGB are now invalid. You must use the new IFSC code for all transactions to avoid failure.

4. What is the difference between an IFSC code and a MICR code?

The IFSC code is used for online fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code, which is 800811002 for this branch, is a 9-digit code primarily used for processing cheques more quickly.

5. What happens if I enter the wrong IFSC code during a transaction?

If the entered IFSC code does not exist, the transaction will be rejected immediately. If the code exists but points to a different branch, the funds might be credited to an account at that wrong branch, making recovery difficult. It is crucial to double-check the code before confirming any transfer.

Kriti Kumari

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.