Bihar Gramin Bank KORI IFSC Code

The Kori branch of Bihar Gramin Bank is located in the Bhojpur district of Bihar. To transfer money to an account at this branch, you need a specific code called the Indian Financial System Code (IFSC). This 11-character code is essential for ensuring your funds are routed correctly through online payment systems like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, electronic transactions cannot be processed.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Kori
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	KORI, Bhojpur, 802164
Contact Number	9771464053
City	Bhojpur
District	Bhojpur
Region	Ara
Pincode	802164
State	Bihar

Important Merger Information

Bihar Gramin Bank was formed through the merger of two other regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). The new entity is sponsored by Punjab National Bank (PNB). As a result of this merger, all old IFSC codes belonging to the former banks are now invalid and have been revoked.

All branches of the newly formed Bihar Gramin Bank, including the Kori branch, now use a unified IFSC code structure that begins with ‘PUNB’. It is critical to use only the new IFSC code, PUNB0MBGB06, for all transactions to avoid failures or delays.

What is an IFSC Code?

The IFSC is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the NEFT system. The structure is designed to prevent errors in fund transfers.

Let’s break down the Kori branch IFSC code, PUNB0MBGB06:

• PUNB: The first four characters represent the bank. In this case, it signifies 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 are the branch identifier. This part of the code uniquely points to the Kori branch.

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 a mobile banking app or a desktop website, the steps are generally the same.

1. Log in to your internet banking portal or mobile application.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section. Common options include NEFT, RTGS, or IMPS.
3. Add a new beneficiary (the person you want to send money to).
4. You will be asked to provide the beneficiary’s name, account number, and the bank’s IFSC code.
5. Enter PUNB0MBGB06 in the IFSC field for the Kori branch.
6. Double-check all the details and confirm the transaction.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The primary benefit is that your money goes to the exact branch and account intended, eliminating transfer errors.
• Enables Fast Processing: Correct codes allow automated systems to process your NEFT, RTGS, and IMPS transactions without manual intervention, making them faster.
• Access to All Payment Methods: The IFSC code is mandatory for participating in India’s primary electronic payment networks.
• Reduces Transaction Failures: Using the right code significantly reduces the chances of a transaction being rejected or reversed.

Contact Information

Kori Branch

Phone: 9771464053

Address: Kori, Bhojpur, Bihar – 802164

Bihar Gramin Bank Head Office

Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar

Toll-Free Number: 18001807777

Frequently Asked Questions

1. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?

No. All old IFSC codes from the pre-merger banks (DBGB and UBGB) are discontinued. You must use the new IFSC code starting with ‘PUNB’ for all transactions to be successful.

2. Is the IFSC code PUNB0MBGB06 the same for all Bihar Gramin Bank branches?

No. While the first four letters ‘PUNB’ are common for all branches due to the sponsorship by Punjab National Bank, the last six characters are unique to each specific branch. PUNB0MBGB06 is only for the Kori branch.

3. 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 is a 9-digit code found at the bottom of a cheque leaf and is used for faster processing of cheques.

4. What happens if I enter the wrong IFSC code during a transfer?

If the IFSC code you entered does not exist, the transaction will be rejected. If it corresponds to another branch of the same bank, the funds might be credited to an account at that wrong branch if the account number happens to match. It is always best to verify the code before confirming a transaction.

5. Does the Kori branch support all types of online payments?

Yes, by having a valid IFSC code, the Kori branch is enabled for NEFT, RTGS, and IMPS, allowing you to send and receive money electronically through all major platforms.