Bihar Gramin Bank Rasiyari IFSC Code

The Bihar Gramin Bank branch in Rasiyari, located in the Darbhanga district of Bihar, provides essential banking services to the local community. For anyone looking to send or receive money online through this branch, understanding its Indian Financial System Code (IFSC) is crucial. This unique 11-character code acts like a digital address, ensuring that your funds transferred via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) reach the correct bank account without any errors.

Branch Details

Important Merger Update

Previously, banking in the region was handled by two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since been amalgamated to form a single entity, 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As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB have been discontinued and are no longer valid. All branches of Bihar Gramin Bank, including the Rasiyari branch, now use a new set of IFSC codes starting with ‘PUNB’. For any online transaction, you must use the new code, PUNB0MBGB06, to ensure successful fund transfer.

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 network. It helps identify the specific branch involved in an online transaction, ensuring the money goes to the right place.

The structure of the IFSC code PUNB0MBGB06 can be broken down as follows:

• 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.
• MBGB06: The last six characters represent the specific branch code, in this case, for the Rasiyari 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 an internet banking portal, the steps are generally the same.

1. Log in to your internet banking or mobile banking application.
2. Navigate to the ‘Fund Transfer’ section and select the payment method (NEFT, RTGS, or IMPS).
3. Add the recipient as a ‘beneficiary’. You will need to enter their name, account number, bank name, and the branch’s IFSC code.
4. For the Rasiyari branch, you would enter PUNB0MBGB06 in the IFSC field.
5. After the beneficiary is successfully added, you can initiate the transfer by entering the amount and confirming the transaction.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The primary benefit is that it routes your money to the exact bank branch intended, eliminating the risk of it going to the wrong location.
• Prevents Delays and Failures: An incorrect IFSC code is a common reason for transaction failures or significant delays. Using the correct code ensures a smooth and fast process.
• Enables Automated Processing: The code allows for automated electronic processing of transactions, which makes the entire system efficient and reduces the need for manual intervention.
• Required for All Online Transfers: It is a mandatory requirement for all major online payment systems in India, including NEFT, RTGS, and IMPS.

Contact Information

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

• Branch Phone Number: 9297955149
• Branch Address: Rasiyari, DARBHANGA, 847247, 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, Rasiyari branch?

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

2. Why does the IFSC code start with ‘PUNB’ instead of something related to Bihar Gramin Bank?

The first four letters of an IFSC code for a regional rural bank represent its sponsor bank. Since Bihar Gramin Bank is sponsored by Punjab National Bank (PNB), its IFSC codes start with ‘PUNB’.

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

No. All old IFSC codes from the erstwhile UBGB and DBGB are now invalid. Using an old code will result in a failed transaction.

4. What happens if I enter the wrong IFSC code by mistake?

If the incorrect IFSC code does not exist, the transaction will be rejected immediately. If the code exists but points to a different branch, the funds may be credited to an account at that branch if the account number matches. If not, the money is usually reversed to your account, but this can take a few business days.

5. What is the difference between NEFT, RTGS, and IMPS?

NEFT (National Electronic Funds Transfer) processes transactions in hourly batches. RTGS (Real-Time Gross Settlement) is for high-value transactions (typically above ₹2 lakh) and settles them individually in real-time. IMPS (Immediate Payment Service) is available 24/7 and transfers funds instantly.

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.