The Sakarpura branch of Bihar Gramin Bank is located in the Begusarai district of Bihar. For anyone looking to send or receive money online to an account at 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 electronic fund transfers through services like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) are routed correctly and securely.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Sakarpura |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3837 |
| Branch Address | Sakarpura, Begusarai, 848201 |
| Contact Number | 8102926328 |
| City | Begusarai |
| District | Begusarai |
| Region | BEGUSARAI |
| Pincode | 848201 |
| State | Bihar |
Important Merger Update
Previously, Bihar had two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have now been merged into a single entity, known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).
As a result of this merger, all old IFSC codes belonging to UBGB and DBGB branches have been revoked and are no longer valid. For all transactions, customers must use the new IFSC code structure. Following the amalgamation, all branches of Bihar Gramin Bank use the single IFSC code PUNB0MBGB06 for fund transfers. Using an old code will result in a failed transaction.
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 electronic funds transfer system. It has a specific structure that helps route payments accurately.
Let’s break down the IFSC code for this branch, PUNB0MBGB06:
- PUNB: The first four letters represent the bank’s name. In this case, it is for Punjab National Bank, the sponsor bank.
- 0: The fifth character is always a zero. It is a control character reserved for future use.
- MBGB06: The last six characters uniquely identify the specific bank 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 an internet banking portal, the steps are generally the same.
- Log in to your net banking or mobile banking application.
- Navigate to the “Fund Transfer” section and select the payment method (NEFT, RTGS, or IMPS).
- Add a new beneficiary or payee. You will be asked to provide their name, bank account number, and the IFSC code of their bank branch.
- Enter PUNB0MBGB06 in the IFSC code field for a transfer to any Bihar Gramin Bank branch, including Sakarpura.
- Double-check all the details to ensure accuracy and confirm the transaction.
Benefits of Using the IFSC Code
- Accuracy: It eliminates confusion between branches with similar names, ensuring your money reaches the intended recipient.
- Error Prevention: The system verifies the code, which helps prevent transactions from being sent to the wrong branch or bank.
- Speed: Correct IFSC codes enable automated processing, making NEFT, RTGS, and IMPS transactions faster and more efficient.
- Security: It adds a layer of verification to the fund transfer process, contributing to the security of digital banking.
Contact Information
For direct assistance or inquiries, you can contact the branch or the head office.
- Branch Phone Number: 8102926328
- Branch Address: Sakarpura, Begusarai, Bihar – 848201
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
What is the IFSC code for Bihar Gramin Bank, Sakarpura branch?
The IFSC code for the Sakarpura branch, and all other branches of Bihar Gramin Bank, is PUNB0MBGB06.
Can I still use my old Uttar Bihar Gramin Bank (UBGB) IFSC code?
No. After the merger of UBGB and DBGB into Bihar Gramin Bank, all old IFSC codes were deactivated. You must use the new code, PUNB0MBGB06, for all transactions to be successful.
What happens if I enter the wrong IFSC code?
If the IFSC code you enter does not exist, the transaction will likely be rejected immediately. If you enter a valid but incorrect IFSC code (for a different branch), the transaction may fail during processing or, in rare cases, be credited to an unintended account if other details match. It’s always best to verify the code before confirming a payment.
Is the IFSC code the same as a MICR code?
No. The IFSC code is used for online fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf and is used for processing physical cheques.
Why does the IFSC code start with ‘PUNB’?
The code starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The first four letters of an IFSC code identify the primary or sponsor bank in the national payment system.
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.