Bihar Gramin Bank Srinagar IFSC Code

The Bihar Gramin Bank branch in Srinagar, located in Purnia district of Bihar, serves as a vital financial hub for the local community. For anyone needing to transfer funds electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code is a unique identifier used in online transactions like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It ensures that your money reaches the correct bank and branch without errors, making digital banking safe and efficient.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Srinagar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100707
Branch Address	Srinagar, PURNIA, 854304, 9297954170
Contact Number	9297954170
City	PURNIA
District	PURNIA
Pincode	854304
State	Bihar

Merger Update

For customers of what were previously Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), it’s important to note a significant change. Both of these regional rural banks have merged to form the new entity, Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank. As a result of this merger, all branches now operate under a unified IFSC code structure. The IFSC code for Bihar Gramin Bank, including the Srinagar branch, is now PUNB0MBGB06. It is critical for all users to understand that any old IFSC codes previously associated with UBGB or DBGB are no longer valid for fund transfers. Only the new, standardized IFSC code starting with “PUNB0” should be used for all NEFT, RTGS, and IMPS transactions to ensure successful processing.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code. It identifies every bank branch participating in online money transfers in India. Understanding its structure can be helpful:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank (as the sponsoring bank).
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters uniquely identify the specific bank branch. In this case, “MBGB06” points to the Srinagar branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you’re setting up an online fund transfer. Here’s a general guide for NEFT, RTGS, and IMPS:

1. Log In to Net Banking or Mobile Banking: Access your bank’s online platform or mobile app.
2. Select Fund Transfer: Navigate to the section for money transfers (e.g., “Funds Transfer,” “Payments”).
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter Beneficiary Details: You will typically be asked for the beneficiary’s name, account number, bank name, and the IFSC code. For the Srinagar branch of Bihar Gramin Bank, you would enter PUNB0MBGB06.
5. Confirm and Transfer: Once the beneficiary is added (which might take a few minutes or hours for activation, depending on your bank), you can initiate the transfer. Enter the amount and confirm the transaction using your password or OTP (One-Time Password).

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages for both individuals and businesses:

• Secure Fund Transfers: It guarantees that money is directed to the precise bank and branch, minimizing the risk of errors.
• Faster Transactions: Essential for quick electronic transfers like NEFT, RTGS, and IMPS.
• Convenience: Eliminates the need to visit a physical bank branch for many types of transfers.
• Pan-India Reach: Facilitates transfers to any bank branch across India that participates in the electronic funds transfer system.
• Essential for Online Banking: A mandatory detail for setting up beneficiaries and executing digital payments.

Contact Information

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

• Srinagar Branch Phone Number: 9297954170
• Srinagar Branch Address: Srinagar, PURNIA, PIN-854304, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

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

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, the first four characters (e.g., PUNB) are the same for the sponsoring bank, and the fifth character is always zero. However, the last six characters are unique to each specific branch. So, while many branches may share the “PUNB0MBGB” prefix, the final digits will differ.

Q2: What happens if I use an incorrect IFSC code for a transfer?
A2: If the IFSC code is incorrect, your transaction will likely fail. The bank’s system will be unable to match the code to a valid branch, and the money will not be debited from your account or will be returned to you. Always double-check the code to avoid delays.

Q3: Can I find the IFSC code on my chequebook?
A3: Yes, the IFSC code is typically printed on your chequebook, usually on the top left corner, next to the branch address or near the MICR code. It’s a reliable source for finding the correct code.

Q4: What is the difference between NEFT and RTGS?
A4: Both are electronic fund transfer systems. NEFT processes transactions in batches at specific times throughout the day, while RTGS processes transactions continuously and individually, ensuring real-time settlement for large-value transfers (typically above 2 lakhs INR). IMPS allows for immediate, 24/7 transfers, even on holidays.

Q5: Is Bihar Gramin Bank a public or private sector bank?
A5: Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are a type of Indian scheduled commercial bank operating at the regional level in different states. They are jointly owned by the Government of India, the state government, and a sponsoring public sector bank (in this case, Punjab National Bank).