Bihar Gramin Bank Kusumkawa IFSC Code

Welcome to a detailed guide about the Bihar Gramin Bank, Kusumkawa branch. This branch is located in the East Champaran district of Bihar. When you need to transfer money electronically, understanding the Indian Financial System Code (IFSC) for this branch is very important. The IFSC code is like a unique address for a bank branch. It ensures your money goes to the right place quickly and securely through systems like NEFT, RTGS, and IMPS.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Kusumkawa
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100273
Branch Address	Kusumkawa, EAST CHAMPARAN, 845304, 9297954661
Contact Number	9297954661
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845304
State	Bihar

Merger Update

In a move to streamline banking services, regional rural banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have undergone significant consolidation. Their operations are now unified, and for transactions, they utilize a common IFSC code: PUNB0MBGB06. This code operates under the sponsorship of Punjab National Bank.

It is important to note that all older IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) have been officially revoked. For any fund transfers, including NEFT, RTGS, or IMPS, only the new consolidated IFSC code, PUNB0MBGB06, is valid. Using an outdated code will result in transaction failures and delays.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in electronic fund transfers. It helps direct money to the correct recipient bank and branch.

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for this regional rural bank.
• The fifth character is always a ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the particular branch within the regional rural bank network.

Understanding this structure helps you verify that you are using the correct code for your transactions.

How to Use an IFSC Code

Using an IFSC code is a straightforward process for various electronic fund transfers:

• For NEFT (National Electronic Funds Transfer):
  1. Log in to your online banking portal or mobile banking app.
  2. Select the “Fund Transfer” option and then “NEFT.”
  3. Add a new beneficiary (recipient) or select an existing one.
  4. Enter the beneficiary’s name, account number, account type, and the correct IFSC code (e.g., PUNB0MBGB06).
  5. Specify the amount you wish to transfer and confirm the transaction.
• For RTGS (Real Time Gross Settlement):
  1. Access your online banking or mobile banking service.
  2. Choose “Fund Transfer” and then “RTGS.”
  3. Provide the beneficiary’s details, including their name, account number, and the IFSC code.
  4. Enter the transfer amount. RTGS is typically used for larger value transactions.
  5. Review all details carefully and confirm the transfer.
• For IMPS (Immediate Payment Service):
  1. Open your banking app or use the UPI interface.
  2. Select the IMPS option.
  3. You can transfer funds using the beneficiary’s account number and IFSC code, or sometimes just their mobile number and MMID (Mobile Money Identifier).
  4. Input the amount and finalize the payment. IMPS allows for instant transfers, even on holidays.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transaction to avoid delays or incorrect transfers.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code for your bank branch, and for anyone you send money to, offers several key advantages:

• Accurate Transfers: It ensures your funds are directed precisely to the intended bank and branch, minimizing errors.
• Faster Processing: IFSC codes streamline the electronic transfer process, allowing NEFT, RTGS, and IMPS transactions to be processed efficiently.
• Enhanced Security: By uniquely identifying each branch, IFSC codes add a layer of security, reducing the risk of fraudulent transactions.
• Seamless Access to Services: It is a mandatory requirement for initiating various online banking services and payments, making digital transactions possible.
• Standardization: The IFSC system provides a standardized method for all inter-bank electronic transactions across India.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank, Kusumkawa branch, you can use the following contact details:

• Branch Phone Number: 9297954661
• Branch Address: Kusumkawa, EAST CHAMPARAN, 845304
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and their use:

Q1: What is the IFSC code for Bihar Gramin Bank, Kusumkawa branch?
A1: The IFSC code for Bihar Gramin Bank, Kusumkawa branch, is PUNB0MBGB06.

Q2: Why is the 5th digit of an IFSC code always zero?
A2: The fifth digit of an IFSC code is always ‘0’ (zero) as a control character. It is reserved for future use, allowing for potential expansion or modifications to the IFSC system if needed, without changing the existing structure significantly.

Q3: Can I use an old IFSC code after a bank merger?
A3: No, it is crucial to use only the new, updated IFSC code after a bank merger. As stated in the merger update, old IFSC codes become invalid and using them will cause your transactions to fail. Always confirm the current IFSC code before initiating any transfer.

Q4: Is the IFSC code necessary for all online transactions?
A4: Yes, the IFSC code is essential for all inter-bank electronic fund transfers within India, including NEFT, RTGS, and IMPS, when transferring money to a beneficiary’s account. It helps ensure the funds reach the correct bank branch.

Q5: What is the main difference between NEFT and RTGS?
A5: Both NEFT and RTGS are electronic fund transfer systems. The main difference lies in their processing time and transaction limits. NEFT transactions are processed in batches, meaning there might be a slight delay, and typically have no minimum or maximum amount. RTGS, on the other hand, processes transactions individually and in real-time, making it faster, especially for high-value transfers, which usually have a minimum limit of ₹2 lakh.