Bihar Gramin Bank SAHAR IFSC Code

The Bihar Gramin Bank branch in SAHAR is located in the Bhojpur district of Bihar. For anyone needing to send money to an account at this branch using online banking, the Indian Financial System Code (IFSC) is essential. This unique 11-character code ensures that your funds are routed correctly, whether you are using National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS). Without the correct IFSC code, your transaction cannot be processed.

Branch Details

Important Merger Update

Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This new entity is sponsored by Punjab National Bank (PNB). As a result of this amalgamation, all old IFSC codes belonging to the former banks have been discontinued. It is critical to note that only the new IFSC code, PUNB0MBGB06, is valid for all transactions to the SAHAR branch. Using an old or incorrect code will lead to transaction failure.

What is an IFSC Code?

The IFSC code is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer system. It acts like a specific address for the branch, ensuring that money is sent to the right place. The structure is always the same.

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

• PUNB: The first four letters represent the bank’s code. In this case, it is ‘PUNB’ for Punjab National Bank, the sponsor bank of 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 code. ‘MBGB06’ uniquely identifies the SAHAR branch.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a straightforward process. You will need it when adding a new payee or beneficiary to your internet banking or mobile banking app. Here are the typical steps:

1. Log in to your bank’s net banking portal or mobile app.
2. Navigate to the “Fund Transfer” section and select “Add Beneficiary” or “Add Payee.”
3. Enter the recipient’s name and account number.
4. You will be asked for the bank and branch details. Here, you must enter the IFSC code: PUNB0MBGB06.
5. The system will automatically verify the code and populate the bank and branch details (Bihar Gramin Bank, SAHAR).
6. After the beneficiary is successfully added, you can transfer funds using NEFT, RTGS, or IMPS.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The primary benefit is that your money goes to the exact bank branch and account you intend it for.
• Prevents Errors: It significantly reduces the risk of failed transactions or funds being sent to the wrong destination.
• Speeds Up Transactions: A correct IFSC code allows for automated, straight-through processing, which makes transfers faster.
• Identifies Specific Branches: It helps distinguish between different branches of the same bank, even if they are in the same city.

Contact Information

For any queries or assistance, you can contact the branch directly or the bank’s head office.

Branch Contact: 9771464074

Branch Address: SAHAR, Bhojpur, Bihar – 802208

Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number: 18001807777

Frequently Asked Questions

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

The code starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank following the merger of regional rural banks. The IFSC system uses the sponsor bank’s code.

Can I still use my old Dakshin Bihar Gramin Bank IFSC code?

No. All old IFSC codes from before the merger are invalid. You must use the new code, PUNB0MBGB06, for all transactions to the SAHAR branch 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 rare cases, if the code corresponds to another branch, the funds could be misdirected, causing delays while the money is reversed and returned to your account.

Is the IFSC code the same for all branches of Bihar Gramin Bank?

No. While the first four characters (‘PUNB’) are the same for all branches, the last six characters are unique to each specific branch. For example, the code for the SAHAR branch is MBGB06, but another branch will have a different six-character identifier.

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

The IFSC code is used for online electronic 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 the physical processing of cheques.

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.