The Bihar Gramin Bank branch located at SALIMPUR(BAKHTIYARPUR) in Patna, Bihar, serves as an important financial hub for the local community. For anyone needing to transfer money electronically, especially through methods like NEFT, RTGS, or IMPS, understanding the Indian Financial System Code (IFSC) is critical. This unique 11-character code ensures that your funds are directed precisely to the correct bank and branch, making digital transactions both secure and reliable.
Branch Details
Here are the specific details for the Bihar Gramin Bank, SALIMPUR(BAKHTIYARPUR) branch:
| Bank Name | Bihar Gramin Bank |
| Branch Name | SALIMPUR(BAKHTIYARPUR) |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7324 |
| Branch Address | SALIMPUR(BAKHTIYARPUR), Patna, 803202 |
| Contact Number | 9771464324 |
| City | Patna |
| District | Patna |
| Reason | PATNA |
| Pincode | 803202 |
| State | Bihar |
Merger Update
In Bihar, several regional rural banks have undergone restructuring to streamline operations under the sponsorship of Punjab National Bank. Specifically, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged. As a result, all branches of these combined entities, including those now under the umbrella that uses the same banking structure, now operate with a unified IFSC code: PUNB0MBGB06.
This means that any older IFSC codes previously assigned to branches of UBGB or DBGB have been revoked. For the Bihar Gramin Bank, SALIMPUR(BAKHTIYARPUR) branch, PUNB0MBGB06 is the only valid IFSC code for all electronic fund transfers. It is crucial to use this updated code to ensure your transactions are processed correctly and without delays.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India that participates in online fund transfer systems. Understanding its structure can help you verify its authenticity:
- First 4 Characters: These represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
- Fifth Character: This character is always ‘0’ (zero). It is reserved for future use and acts as a control character.
- Last 6 Characters: These represent the specific branch code. For the SALIMPUR(BAKHTIYARPUR) branch, “MBGB06” identifies this particular location within the regional rural bank structure.
This detailed structure ensures that each transaction is routed to the exact bank and branch intended by the sender.
How to Use an IFSC Code
Using an IFSC code for online fund transfers like NEFT, RTGS, or IMPS is straightforward. Here’s a general guide:
- Log In: Access your online banking portal or mobile banking app.
- Select Transfer Option: Choose the option for fund transfer, usually labeled “NEFT,” “RTGS,” or “IMPS.”
- Add Beneficiary: If you’re sending money to a new recipient, you will need to add them as a beneficiary first.
- Enter Details: Provide the required beneficiary details, which typically include:
- Beneficiary Name
- Beneficiary Account Number
- Confirm Beneficiary Account Number
- Beneficiary Bank Name (e.g., Bihar Gramin Bank)
- Beneficiary Branch Name (e.g., SALIMPUR(BAKHTIYARPUR))
- Beneficiary IFSC Code (PUNB0MBGB06)
- Enter Amount: Specify the amount you wish to transfer.
- Review and Confirm: Double-check all entered details, especially the IFSC code and account number, before confirming the transaction.
- Authenticate: Complete the transaction by entering your password or OTP (One-Time Password).
Always verify the IFSC code with the beneficiary to avoid transferring funds to the wrong account.
Benefits of Knowing Your IFSC Code
Having easy access to the correct IFSC code offers several practical advantages:
- Accurate Fund Transfers: It ensures that money reaches the specific bank branch you intend, preventing misdirection of funds.
- Faster Processing: Correct IFSC codes allow for quick and efficient processing of NEFT, RTGS, and IMPS transactions.
- Enhanced Security: The unique identification helps in tracking transactions and adds a layer of security to electronic transfers.
- Required for Online Transactions: It is a mandatory detail for almost all inter-bank online money transfers within India.
- Avoids Delays: Using the correct code helps prevent transaction failures or delays that can occur due to incorrect banking details.
Contact Information
For any queries or assistance related to the Bihar Gramin Bank, SALIMPUR(BAKHTIYARPUR) branch, you can use the following contact details:
- Branch Phone Number: 9771464324
- Branch Address: SALIMPUR(BAKHTIYARPUR), Patna, 803202
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
What is the IFSC code for Bihar Gramin Bank, SALIMPUR(BAKHTIYARPUR) branch?
The IFSC code for the Bihar Gramin Bank, SALIMPUR(BAKHTIYARPUR) branch, is PUNB0MBGB06.
Why is the 5th character of the IFSC code always ‘0’?
The fifth character in an IFSC code is always ‘0’ (zero). It is a control character reserved for future use by the Reserve Bank of India, ensuring consistency and potential expansion of the code’s structure.
Can I use an old IFSC code if I have it for a Bihar Gramin Bank branch?
No, you should always use the most current IFSC code. Due to bank mergers and restructuring, old IFSC codes for many regional rural bank branches, including those previously part of UBGB or DBGB, are no longer valid. Using an outdated code will likely result in transaction failure or rejection.
What is the main difference between NEFT and RTGS?
NEFT (National Electronic Funds Transfer) processes transactions in batches at specific intervals throughout the day, making it suitable for smaller, non-urgent transfers. RTGS (Real Time Gross Settlement) processes transactions individually and continuously, meaning funds are transferred almost instantly. RTGS is typically used for high-value transactions, usually above Rs. 2 lakh.
Is the MICR code also needed for online fund transfers?
No, the MICR (Magnetic Ink Character Recognition) code is not typically required for online fund transfers like NEFT, RTGS, or IMPS. The MICR code is primarily used for clearing physical cheques. For online transfers, the IFSC code and the beneficiary’s account number are the essential details.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.