Bihar Gramin Bank SAMAI IFSC Code

For residents and businesses in SAMAI, Nawada, Bihar, understanding your bank’s IFSC code is key for smooth money transfers. This unique code is essential for sending or receiving funds through modern banking methods like NEFT, RTGS, and IMPS, ensuring your money reaches the correct bank and branch without issues.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	SAMAI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7299
Branch Address	SAMAI, Nawada, 805124
Contact Number	9771464299
City	Nawada
District	Nawada
Pincode	805124
State	Bihar

Merger Update

Bihar Gramin Bank has undergone significant changes due to a merger. Previously, the regional rural banking landscape in Bihar included separate entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks have now merged to form a single entity, known as Bihar Gramin Bank. This reorganization streamlined operations and unified banking services across the region.

As part of this merger, all transactions for Bihar Gramin Bank branches now use a single, unified IFSC code: PUNB0MBGB06. This code is issued under the sponsorship of Punjab National Bank, which plays a pivotal role in the functioning of Bihar Gramin Bank. It is very important for all customers to understand that any old IFSC codes previously associated with branches of Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for electronic fund transfers. For the SAMAI branch, PUNB0MBGB06 is the only correct and active code you should use for all your digital banking transactions, including NEFT, RTGS, and IMPS.

What is IFSC Code?

An IFSC, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch that participates in India’s online money transfer systems. Think of it like a unique digital address for a specific bank branch.

The structure of an IFSC code is standard across all banks:

• The first four characters identify the bank itself. For instance, ‘PUNB’ in PUNB0MBGB06 stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use and acts as a control digit.
• The last six characters specifically identify the individual bank branch. For the SAMAI branch, ‘MBGB06’ is the unique identifier within Bihar Gramin Bank under Punjab National Bank.

This detailed structure helps ensure that when you send money, it reaches the exact intended bank branch, minimizing errors in the complex financial network.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you need to send money electronically. Whether you are using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the steps are generally similar:

1. Log In: Access your bank’s online banking portal or mobile application using your credentials.
2. Select Fund Transfer: Look for options like ‘Fund Transfer’, ‘Payments’, or ‘Send Money’.
3. Choose Transfer Type: Select the type of transfer you wish to make (NEFT, RTGS, or IMPS). Each has different processing times and limits.
4. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a ‘beneficiary’ or ‘payee’. You will be asked to provide:
   • The recipient’s full name.
   • Their bank account number (often twice for confirmation).
   • The IFSC code of their bank branch. For the Bihar Gramin Bank SAMAI branch, this would be PUNB0MBGB06.
5. Verify Beneficiary: Your bank may require an OTP (One-Time Password) or a cooling-off period to activate the new beneficiary for security reasons.
6. Initiate Transfer: Once the beneficiary is added and active, you can select them from your list, enter the amount you wish to transfer, and add any remarks if necessary.
7. Confirm: Review all the details carefully, including the amount, recipient’s name, account number, and IFSC code. Confirm the transaction to complete it.

Always double-check the IFSC code and account number to prevent any delays or misdirection of funds. A wrong IFSC code might cause your transaction to fail or be reversed.

Benefits of Knowing IFSC Code

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

• It ensures the accurate routing of electronic fund transfers (NEFT, RTGS, IMPS) to the correct bank and specific branch.
• It helps prevent transaction failures or delays that can occur due to incorrect bank details.
• It is mandatory for setting up standing instructions or recurring payments to other bank accounts.
• It is often required when linking your bank account to various digital payment platforms or services.
• It provides a unique identity for your branch, distinguishing it from other branches of the same bank, even in the same city.
• It contributes to the security and efficiency of the Indian financial system by standardizing branch identification.

Contact Section

Should you need to reach out for assistance or information regarding the SAMAI branch of Bihar Gramin Bank, here are the relevant contact details:

• Branch Phone Number: 9771464299
• Branch Address: SAMAI, Nawada, 805124, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Service Number: 18001807777

FAQs

What is the correct IFSC code for Bihar Gramin Bank, SAMAI branch?

The correct and currently valid IFSC code for the Bihar Gramin Bank, SAMAI branch is PUNB0MBGB06.

Can I still use an old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) branches?

No. Following the merger, all old IFSC codes for UBGB and DBGB branches have been revoked. You must use the new unified IFSC code, PUNB0MBGB06, for all digital transactions.

What happens if I enter an incorrect IFSC code during a fund transfer?

If an incorrect IFSC code is entered, the transaction will likely fail or be rejected by the banking system. In some cases, if the account number matches another branch with the incorrect IFSC, the funds could be misdirected. Always double-check the IFSC code.

Is the IFSC code the same as the MICR code?

No, IFSC and MICR codes serve different purposes. The IFSC code is used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR (Magnetic Ink Character Recognition) code, like 800811002 for SAMAI branch, is primarily used for processing physical cheques.

Where can I find the IFSC code for my bank account?

You can typically find the IFSC code on your bank passbook, cheque book (usually printed on the cheque leaf), or by logging into your bank’s official website or mobile banking application. For Bihar Gramin Bank SAMAI branch, it is also listed in the branch details above.