Bihar Gramin Bank KORAN SARAI IFSC Code

Bihar Gramin Bank’s KORAN SARAI branch is located in Koran Sarai village, Buxar district, Bihar (PIN 802226). This branch serves local residents and businesses in Buxar and nearby areas. The IFSC code is essential when sending or receiving electronic fund transfers such as NEFT, RTGS and IMPS. Banks use the IFSC to route payments to the exact branch and account, so using the correct IFSC prevents delays or failed transfers.

Branch Details

Merger Update

Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been reorganized and now operate under a consolidated structure. All branches that previously used UBGB or DBGB IFSC codes now use a single IFSC code under Punjab National Bank: PUNB0MBGB06. Old UBGB and DBGB IFSC codes have been revoked. For any electronic transfer to this branch, use only the new IFSC PUNB0MBGB06; transactions attempted with the old codes may fail or be rejected.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies a bank branch in India for electronic payments. The structure is:

• First 4 characters — bank identifier (for example PUNB = Punjab National Bank).
• 5th character — always 0 (reserved for future use).
• Last 6 characters — branch identifier (specific to the branch; in this case MBGB06).

Example: PUNB0MBGB06 — PUNB = bank, 0 = reserved, MBGB06 = this branch’s code within the bank network.

How to Use the IFSC Code (NEFT, RTGS, IMPS)

• Open your bank’s internet banking, mobile app, or visit the branch.
• Choose the fund transfer option and select the transfer type: NEFT, RTGS or IMPS. (IMPS is immediate and available 24×7; RTGS is for high-value real-time transfers; NEFT is batch or scheduled settlement depending on bank rules.)
• Add a beneficiary/payee by entering: beneficiary name, full account number, and the IFSC code PUNB0MBGB06. Double-check all characters — IFSC is not case-sensitive but must match exactly.
• Complete beneficiary registration. Some banks may hold the beneficiary for a short verification period before allowing transfers.
• Initiate the transfer: choose the registered beneficiary, enter the amount, and confirm. Note the applicable charges and cut-off times for NEFT/RTGS if any (varies by bank).
• Save the transaction reference or UTR for tracking. If a transaction fails due to wrong IFSC, inform your bank and provide the UTR to trace settlement or refund.

Benefits of Knowing the IFSC Code

• Ensures accurate routing of electronic payments to the exact branch and account.
• Prevents transfer rejections and avoids delays in receiving funds.
• Required to add beneficiaries in netbanking and mobile apps.
• Useful for vendors, employers or agencies making bulk or recurring payments.
• Helps bank staff and customers verify branch identity when reconciling transactions.

Contact

Branch Phone: 9771464435
Branch Address: KORAN SARAI, Buxar, 802226
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll Free: 18001807777

FAQs

• Q: Can I use the old UBGB or DBGB IFSC codes for transfers to this branch?
  A: No. Old UBGB/DBGB IFSC codes have been revoked. Use only PUNB0MBGB06 for transfers to the KORAN SARAI branch.
• Q: What is the difference between IFSC and MICR?
  A: IFSC is used for electronic fund transfers (NEFT/RTGS/IMPS). MICR (Magnetic Ink Character Recognition) is a 9-digit code used mainly for processing physical cheques through the clearing system. For electronic transfers, IFSC is mandatory.
• Q: What should I do if I entered a wrong IFSC during a transfer?
  A: Contact your bank immediately with the transaction reference (UTR). If the wrong IFSC maps to a valid branch/account, funds may be credited elsewhere and recovery will require bank intervention. If the IFSC is invalid, the transfer will typically be rejected and refunded.
• Q: Is IFSC case-sensitive?
  A: No. IFSC is not case-sensitive, but you should still enter the exact characters to avoid typographical errors.
• Q: Where can I confirm the IFSC for this branch before sending money?
  A: Confirm with the branch using the phone number 9771464435 or check printed bank documents (cheque leaf or passbook). Also verify the head office toll-free number 18001807777 if you need confirmation.

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.