Bihar Gramin Bank KATHAUTIA IFSC Code

The KATHAUTIA branch of Bihar Gramin Bank is located in Gaya, a historic city in Bihar. When you need to send or receive money electronically, whether through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a specific code is essential. This code is known as the IFSC code. It acts like a unique digital address for each bank branch, ensuring your money reaches the right destination quickly and securely.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	KATHAUTIA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7241
Branch Address	KATHAUTIA, Gaya, 824201
Contact Number	9771464241
City	Gaya
District	Gaya
Pincode	824201
State	Bihar

Merger Update

The KATHAUTIA branch, originally part of Bihar Gramin Bank, has undergone a significant change due to mergers in the regional rural banking sector. Bihar Gramin Bank, along with Magadh Gramin Bank, merged to form Madhya Bihar Gramin Bank (MBGB). This new entity is sponsored by Punjab National Bank (PNB).

As a result of this merger, all branches that were previously under Bihar Gramin Bank or Magadh Gramin Bank now use IFSC codes issued under Madhya Bihar Gramin Bank. These new IFSC codes start with “PUNB0MBGB”. For instance, the KATHAUTIA branch uses PUNB0MBGB06. It’s crucial to understand that any old IFSC codes previously used for Bihar Gramin Bank branches are now revoked and invalid for transactions. Always use the current and valid IFSC code, PUNB0MBGB06, for the KATHAUTIA branch to ensure your fund transfers are successful.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alpha-numeric code that uniquely identifies every bank branch in India participating in the NEFT system. This code is vital for routing electronic fund transfers to the correct bank and branch.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always zero (‘0’). This character is reserved for future use and acts as a separator.
• The last six characters uniquely identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the KATHAUTIA branch of Madhya Bihar Gramin Bank.

How to Use IFSC Code

Using the IFSC code is simple when you’re making an electronic fund transfer. Here are the steps:

1. Log in to your internet banking or mobile banking application.
2. Select the type of transfer you want to make: NEFT, RTGS, or IMPS.
3. Add a new beneficiary (the person or entity receiving the money) or select an existing one.
4. Enter the beneficiary’s details, which typically include:
   • Beneficiary Name
   • Beneficiary Account Number
   • Confirm Beneficiary Account Number
   • Beneficiary Bank Name (e.g., Madhya Bihar Gramin Bank)
   • Beneficiary Branch Name (e.g., KATHAUTIA)
   • Beneficiary IFSC Code (e.g., PUNB0MBGB06)
5. Enter the amount you wish to transfer.
6. Review all the details carefully, then confirm the transaction.

The system uses the IFSC code to correctly identify and send your funds to the intended branch.

Benefits

Knowing and using the correct IFSC code offers several advantages for your banking needs:

• It enables secure and reliable electronic fund transfers across different banks in India.
• It ensures that your money is routed precisely to the intended bank branch, minimizing errors.
• It speeds up transactions. For example, IMPS allows instant transfers, while RTGS provides real-time gross settlement for large amounts.
• It is mandatory for all types of online money transfers, including NEFT, RTGS, and IMPS.
• It helps streamline the banking process, making it more efficient than traditional methods like checks or demand drafts.

Contact

For inquiries regarding the KATHAUTIA branch or Madhya Bihar Gramin Bank, you can use the following contact details:

Branch Contact Number: 9771464241

Branch Address: KATHAUTIA, Gaya, 824201

Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank KATHAUTIA IFSC code:

Q1: What is the IFSC code for Bihar Gramin Bank, KATHAUTIA branch?

A: The current and valid IFSC code for the KATHAUTIA branch is PUNB0MBGB06.

Q2: Is the KATHAUTIA branch still operational under Bihar Gramin Bank?

A: Yes, the KATHAUTIA branch is fully operational. However, due to mergers, it now functions under Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank.

Q3: Can I use an old IFSC code for Bihar Gramin Bank KATHAUTIA for transactions?

A: No, it is critical to use only the new IFSC code, PUNB0MBGB06. Old IFSC codes for the erstwhile Bihar Gramin Bank branches are no longer valid for electronic transfers.

Q4: What other information do I need besides the IFSC code to make an online fund transfer?

A: Besides the IFSC code, you will need the beneficiary’s full name, their account number, and the name of their bank (e.g., Madhya Bihar Gramin Bank).

Q5: Why is the IFSC code so important for online banking transactions?

A: The IFSC code ensures that your funds are accurately directed to the correct bank and specific branch during electronic transfers. Without it, the transaction cannot be processed correctly, and your money might not reach its intended recipient.