Bihar Gramin Bank KAKHRA IFSC Code

The Bihar Gramin Bank branch in KAKHRA, located in Nalanda district, Bihar, is an important financial touchpoint for the local community. For any electronic fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), knowing the Indian Financial System Code, or IFSC, for this specific branch is crucial. This unique code ensures your money reaches the correct bank and branch without errors, making your transactions smooth and secure.

Branch Details

Here are the key details for the Bihar Gramin Bank KAKHRA branch:

Bank Name	Bihar Gramin Bank
Branch Name	KAKHRA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6898
Branch Address	KAKHRA, Nalanda, 803118, 9523596898
Contact Number	9523596898
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803118
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank is the result of a significant merger of several regional rural banks in Bihar. Previously, there were distinct banks such as Uttar Bihar Gramin Bank (UBGB), Dakshin Bihar Gramin Bank (DBGB), and Madhya Bihar Gramin Bank (MBGB). These banks have now merged to form a single, unified entity: Bihar Gramin Bank. This consolidation was done under the sponsorship of Punjab National Bank (PNB) to streamline operations and offer better services.

As part of this merger, many branches, including those that might have originally belonged to UBGB or DBGB, now use a standardized IFSC code structure. The IFSC code PUNB0MBGB06, for example, is now the valid code for the KAKHRA branch of Bihar Gramin Bank. It is important to note that any old IFSC codes previously associated with branches of Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. For any transactions today, only the new, updated IFSC codes, like PUNB0MBGB06, are valid and must be used to ensure your fund transfers are processed correctly.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code used to identify all bank branches participating in electronic funds transfers. It’s like a unique digital address for each branch. This code is crucial for online money transfers within India.

The structure of an IFSC code is specific:

• The first four characters represent the bank’s name. For instance, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This is reserved for future use and helps maintain the structure.
• The last six characters uniquely identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the Madhya Bihar Gramin Bank (MBGB) series and the specific branch code within that series (06 refers to the KAKHRA branch in this context).

How to Use the IFSC Code

You will need the IFSC code whenever you want to transfer money electronically to or from the Bihar Gramin Bank KAKHRA branch using popular services like NEFT, RTGS, or IMPS. Here’s how it generally works:

1. Log in to your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select Fund Transfer Option: Look for options like “Add Beneficiary” or “Transfer Funds.”
3. Add Beneficiary Details: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. You will typically be asked for:
   • Beneficiary Name (the person’s name)
   • Beneficiary Account Number (their bank account number)
   • Confirm Beneficiary Account Number
   • Bank Name (e.g., Bihar Gramin Bank)
   • IFSC Code (e.g., PUNB0MBGB06 for KAKHRA branch)
4. Enter Transfer Amount: Specify how much money you want to send.
5. Choose Transfer Type: Select NEFT, RTGS, or IMPS based on your urgency and the amount.
   • NEFT: Generally processed in batches, suitable for most transfers, no minimum/maximum limits.
   • RTGS: For large value transfers (usually above Rs. 2 lakh), processed individually and in real-time.
   • IMPS: Instant 24/7 transfer, typically for smaller amounts, but fast and convenient.
6. Confirm and Authorize: Review all details carefully and authorize the transaction, often using an OTP (One-Time Password) or transaction password.

Always double-check the IFSC code and account number before confirming any transaction to prevent misdirected funds.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Accurate Fund Transfers: Ensures your money reaches the intended recipient’s bank and branch without errors.
• Faster Processing: Correct codes streamline the electronic transfer process for NEFT, RTGS, and IMPS.
• Reduced Transaction Failures: Incorrect IFSC codes are a common reason for failed transfers. Knowing the right one avoids this.
• Convenience: Essential for setting up recurring payments, receiving salaries, or making online purchases where bank transfers are involved.
• Security: Helps in authenticating the bank branch, adding a layer of security to your financial transactions.

Contact Information

For any queries related to the KAKHRA branch or general banking services, you can use the following contact details:

• KAKHRA Branch Phone Number: 9523596898
• KAKHRA Branch Address: KAKHRA, Nalanda, 803118, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

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

A1: The IFSC code for the Bihar Gramin Bank, KAKHRA branch, is PUNB0MBGB06.

Q2: Is the KAKHRA branch part of Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?

A2: No, the KAKHRA branch is part of Bihar Gramin Bank. This bank was formed after the merger of Uttar Bihar Gramin Bank, Dakshin Bihar Gramin Bank, and Madhya Bihar Gramin Bank. The IFSC code PUNB0MBGB06 is now applicable to its branches, replacing older codes from the previously separate banks.

Q3: What should I do if I used an old IFSC code for a Bihar Gramin Bank transfer?

A3: If you used an old, revoked IFSC code, your transaction will likely fail and the funds will be returned to your account. Always use the current and valid IFSC code, which for KAKHRA branch is PUNB0MBGB06, to ensure successful transfers.

Q4: Can I find the IFSC code on my passbook or chequebook?

A4: Yes, the IFSC code is usually printed on your bank passbook and on the cheque leaves of your chequebook. You can also confirm it through the bank’s official website or by contacting the branch directly.

Q5: What is the significance of the “PUNB” in the IFSC code PUNB0MBGB06?

A5: “PUNB” indicates that the bank is sponsored by Punjab National Bank. As a Regional Rural Bank (RRB), Bihar Gramin Bank operates under the guidance and sponsorship of a larger public sector bank, in this case, Punjab National Bank.