Bihar Gramin Bank KENAR IFSC Code

The Bihar Gramin Bank branch in KENAR, located in the Gaya district of Bihar, is an important financial hub for the local community. When you need to send or receive money electronically, understanding its unique identifier, the IFSC code, is crucial. This code allows for smooth and secure fund transfers through systems like NEFT, RTGS, and IMPS, ensuring your money reaches the right account without delays.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	KENAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7242
Branch Address	KENAR, Gaya, 805128, 9771464242
Contact Number	9771464242
City	Gaya
District	Gaya
Reason	GAYA
Pincode	805128
State	Bihar

Merger Update

For many years, various Regional Rural Banks (RRBs) operated across Bihar. A significant development has streamlined these operations. If a branch previously belonged to Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), these banks have now merged. Their operations are consolidated under a new structure, often referred to under the umbrella of Bihar Gramin Bank, which is sponsored by Punjab National Bank. As a result, all branches, including KENAR, now use a single, unified IFSC code: PUNB0MBGB06.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid. For any fund transfers, you must use the new code, PUNB0MBGB06. This change ensures consistency and simplifies transactions across the merged banking network.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. The Reserve Bank of India (RBI) assigns this unique code to every bank branch in India. It is essential for electronic fund transfers.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For example, “PUNB” indicates Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between various bank branches.
• The last six characters identify the specific branch. For the KENAR branch, these are “MBGB06”.

How to Use IFSC Code

Using the IFSC code is simple for various electronic transfer methods:

• NEFT (National Electronic Funds Transfer): This system allows for batch-wise transfer of funds. When initiating an NEFT transaction through your bank’s online portal or a physical form, you will need the beneficiary’s IFSC code, account number, account holder’s name, and bank name.
• RTGS (Real Time Gross Settlement): RTGS is for high-value transfers (typically 2 lakh rupees or more) that need to be processed immediately. Like NEFT, it requires the beneficiary’s IFSC code, account number, and name.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking apps or internet banking. You will need the beneficiary’s IFSC code and account number, or their mobile number and MMID (Mobile Money Identifier).

Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong recipient.

Benefits

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Accuracy in Fund Transfers: It ensures your money goes to the correct branch and account, reducing errors.
• Faster Transactions: With the right code, electronic transfers are processed quickly and efficiently.
• Security: The unique code adds a layer of security by properly routing funds through the banking network.
• Convenience: It simplifies online banking, mobile banking, and digital payment processes.
• Required for Major Services: Essential for setting up various financial services, including online bill payments, loan applications, and investments.

Contact Section

If you need to get in touch with the Bihar Gramin Bank KENAR branch or the head office, here are the details:

• Branch Phone Number: 9771464242
• Branch Address: KENAR, Gaya, 805128, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are answers to some common questions about IFSC codes and Bihar Gramin Bank:

Q1: Is the IFSC code for Bihar Gramin Bank KENAR branch always PUNB0MBGB06?
A: Yes, for the KENAR branch of Bihar Gramin Bank, the IFSC code is consistently PUNB0MBGB06. It is crucial to use this specific code for all your electronic fund transfers.

Q2: What should I do if my old IFSC code for a merged bank is no longer working?
A: If you were using an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, it is now invalid. You must use the new consolidated IFSC code, PUNB0MBGB06, for all transactions. Contact your branch if you have any doubts.

Q3: Can I use the IFSC code to find the bank branch address?
A: Yes, the last six characters of the IFSC code specifically identify the branch. While the code itself does not directly spell out the address, it helps confirm the correct branch for the bank. You can then use the bank’s website or contact details to find the exact address.

Q4: Is the MICR code also important for bank transfers?
A: The MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. It helps in faster processing and clearing of cheques. While not directly needed for NEFT, RTGS, or IMPS, it’s an important identifier for cheque-based transactions.

Q5: What is the minimum amount for an RTGS transaction?
A: RTGS transactions typically have a minimum limit of 2 lakh rupees (200,000 INR). There is no maximum limit for RTGS transactions, but it’s best to confirm with your bank for very large transfers.