Bihar Gramin Bank AKORHA IFSC Code

When you need to send money electronically to the Bihar Gramin Bank branch in AKORHA, Rohtas, Bihar, understanding its Indian Financial System Code (IFSC) is essential. This code acts like a unique digital address for the branch, making sure your funds go to the correct bank and branch without any issues. Whether you’re using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service) for your transactions, the IFSC code is a crucial piece of information that guarantees a smooth and secure transfer.

Bihar Gramin Bank AKORHA Branch Details

Here are the complete details for the Bihar Gramin Bank branch located in AKORHA:

Bank Name	Bihar Gramin Bank
Branch Name	AKORHA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6955
Branch Address	AKORHA, Rohtas, 802213, 7091596955
Contact Number	7091596955
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	802213
State	Bihar

Merger Update for Bihar Gramin Bank

For those familiar with the regional rural banking landscape in Bihar, it’s important to note a significant change. Previously, there were Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two entities have merged to form the current Bihar Gramin Bank.

As part of this consolidation, Bihar Gramin Bank now operates under the sponsorship of Punjab National Bank (PNB). This means that all its branches, including AKORHA, use IFSC codes that begin with “PUNB0”. The IFSC code for AKORHA branch, PUNB0MBGB06, reflects this change. It is crucial to understand that any old IFSC codes previously used by UBGB or DBGB branches are no longer valid for transactions. Always use the new, unified IFSC code, such as PUNB0MBGB06, for all your fund transfers to Bihar Gramin Bank.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies every bank branch in India. It’s designed to streamline electronic fund transfers.

The structure of an IFSC code is specific:

• The first four characters represent the bank name. For Bihar Gramin Bank’s AKORHA branch, these are PUNB, indicating Punjab National Bank, its sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, MBGB06 identifies the AKORHA branch within Bihar Gramin Bank.

This unique combination ensures that your money is routed correctly to the intended recipient’s bank and branch, preventing errors in electronic transactions.

How to Use an IFSC Code for Fund Transfers

Using the IFSC code is a straightforward process when you’re making electronic fund transfers. Here’s how it typically works for NEFT, RTGS, and IMPS:

1. Log in to your Net Banking or Mobile Banking App: Access your bank account online or through your smartphone application.
2. Select Fund Transfer Option: Look for options like “Transfer Funds,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary: If you haven’t transferred money to this person before, you’ll need to add them as a new beneficiary.
4. Enter Beneficiary Details: You’ll be prompted to enter information such as:
   • Beneficiary’s Name
   • Beneficiary’s Account Number (confirm this carefully)
   • Beneficiary’s Bank IFSC Code (PUNB0MBGB06 for AKORHA branch)
   • Beneficiary’s Bank Name (Bihar Gramin Bank)
   • Beneficiary’s Branch Name (AKORHA)
5. Verify and Confirm: Double-check all the entered details, especially the account number and IFSC code, to avoid any transfer errors.
6. Enter Amount and Complete Transfer: Specify the amount you wish to transfer and authorize the transaction using your PIN or password.

For NEFT and RTGS, transfers are processed in batches or continuously during specific banking hours, while IMPS offers instant transfers 24/7.

Benefits of Knowing the IFSC Code

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

• Accurate Fund Transfers: It ensures that your money reaches the correct branch and account, minimizing the risk of funds being misdirected.
• Enables Electronic Transactions: It is mandatory for all major electronic fund transfer systems like NEFT, RTGS, and IMPS.
• Faster Processing: The unique identification helps banks process transactions more efficiently.
• Enhanced Security: By precisely identifying the destination, it adds a layer of security to your financial transactions.
• Convenience: Allows you to send money from anywhere to anywhere within India without needing to visit a physical bank branch.

Contact Information

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

AKORHA Branch Contact:

• Phone Number: 7091596955
• Branch Address: AKORHA, Rohtas, Pincode- 802213, State- Bihar

Bihar Gramin Bank Head Office:

• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?

No, PUNB0MBGB06 is specifically the IFSC code for the AKORHA branch of Bihar Gramin Bank. Each branch has its own unique IFSC code. While many Bihar Gramin Bank IFSC codes start with PUNB0, the last six characters will differ for each branch.

Q2: What should I do if I use an old IFSC code for a merged bank?

If you use an old IFSC code (e.g., from pre-merger UBGB or DBGB) for a transaction to Bihar Gramin Bank, the transaction will likely fail. The bank’s system will not recognize the old code as valid, and your funds will not be transferred. Always ensure you are using the current IFSC code, like PUNB0MBGB06, for the correct branch.

Q3: Can I find the IFSC code on my passbook or chequebook?

Yes, most banks print the IFSC code prominently on the front page of their passbooks and on individual cheque leaves. This is a reliable way to confirm the correct code for your branch.

Q4: What is the difference between IFSC and MICR code?

The IFSC (Indian Financial System Code) is an 11-character code used for electronic fund transfers (NEFT, RTGS, IMPS) across different banks and branches. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code, typically found at the bottom of cheque leaves. It’s primarily used for processing cheques and clearing purposes. For electronic transfers, the IFSC code is what you need.

Q5: Is it safe to share my bank’s IFSC code?

Yes, it is perfectly safe to share your bank’s IFSC code. It is publicly available information and only helps in identifying your bank branch for receiving funds. Sharing your IFSC code does not compromise your account security, unlike sharing your account number or PIN.