Bihar Gramin Bank BARAON IFSC Code

When you need to send or receive money electronically in BARAON, Rohtas, Bihar, understanding the Indian Financial System Code (IFSC) for your bank branch is essential. This unique code acts like a digital address, guiding your funds accurately and quickly to the correct bank and branch. It’s crucial for various online transactions such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service), ensuring your money reaches its destination without delays or errors.

Branch Details

Here are the specific details for the Bihar Gramin Bank branch in BARAON:

Bank Name	Bihar Gramin Bank
Branch Name	BARAON
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7334
Branch Address	BARAON, Rohtas, 802215
Contact Number	9771464334
City	Rohtas
District	Rohtas
Regional Context (Reason)	SASARAM
Pincode	802215
State	Bihar

Merger Update

Bihar Gramin Bank, including its BARAON branch, is an important regional rural bank. It was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) among other regional rural banks. This merged entity operates under the sponsorship of Punjab National Bank (PNB). As a result, all branches, including BARAON, now use a common IFSC code structure that begins with “PUNB”.

For any transactions involving Bihar Gramin Bank, you must use the new IFSC code, which for the BARAON branch is PUNB0MBGB06. It is critical to note that any old IFSC codes previously associated with UBGB or DBGB branches have been revoked and are no longer valid for electronic fund transfers. Always ensure you use the updated code for all your banking needs.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character code assigned by the Reserve Bank of India (RBI) to every bank branch in the country. It helps identify each branch for online money transfers.

The code has a specific structure:

• The first four characters identify the bank. For example, “PUNB” indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In the case of BARAON, “MBGB06” points to this particular branch within Bihar Gramin Bank.

This organized structure ensures that your money goes to the exact bank branch you intend, preventing mistakes in electronic transactions.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you are making online fund transfers. Here’s how you typically use it for NEFT, RTGS, and IMPS transactions:

1. Log In to Your Bank’s Online Platform: Access your internet banking portal or mobile banking app.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary (First Time): If you are sending money to this account for the first time, you will need to add the recipient as a beneficiary. This usually involves providing their name, account number, bank name (Bihar Gramin Bank), and the essential IFSC code (PUNB0MBGB06 for BARAON branch).
4. Enter Transfer Details: Once the beneficiary is added and approved (which might take a few hours for security reasons), select their name. Then, enter the amount you wish to send.
5. Confirm Transaction: Review all details – recipient’s name, account number, IFSC code, and amount – before confirming the transfer. You will usually receive an SMS or email confirmation after the transaction is successful.

Always double-check the IFSC code, as even a single incorrect character can cause your transaction to fail or, in rare cases, send money to the wrong account.

Benefits of Knowing Your IFSC Code

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

• Enables Electronic Fund Transfers: It is mandatory for NEFT, RTGS, and IMPS, allowing for fast and secure money transfers.
• Ensures Accuracy: The unique code precisely identifies the recipient’s bank and branch, minimizing errors in transactions.
• Faster Processing: Correct IFSC codes help banks process your transactions more efficiently.
• Convenience: You can transfer funds from anywhere at any time without needing to visit a bank branch.
• Receive Payments: Others can use your branch’s IFSC code to send money directly to your account.
• No Manual Clearing: It bypasses the slower process of clearing physical cheques.

Contact Information

If you need to get in touch with the bank, here are the relevant contact details:

• BARAON Branch Phone Number: 9771464334
• BARAON Branch Address: BARAON, Rohtas, 802215, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Q1: Is the IFSC code for Bihar Gramin Bank BARAON the same as for other Bihar Gramin Bank branches?
A1: No. While the first five characters (PUNB0) are common for Bihar Gramin Bank branches under Punjab National Bank sponsorship, the last six characters are unique to each specific branch. So, BARAON’s IFSC code PUNB0MBGB06 is distinct from other branches.

Q2: What should I do if my online transfer fails due to an incorrect IFSC code?
A2: If your transfer fails because of a wrong IFSC code, the money is usually reversed to your account within a few hours or a business day. You should re-initiate the transfer using the correct IFSC code.

Q3: Can I find the IFSC code on my cheque book?
A3: Yes, the IFSC code is typically printed on the top left corner of your cheque leaf, next to the bank name and branch address. You can also find it on your passbook or by contacting your branch directly.

Q4: Why is the fifth character of the IFSC code always ‘0’?
A4: The fifth character is reserved as a “control character” and is always zero. This allows for future expansion or changes in the IFSC structure if needed, without altering the entire system.

Q5: Is MICR code the same as IFSC code?
A5: No, they are different. The IFSC code is used for electronic fund transfers. The MICR (Magnetic Ink Character Recognition) code is a 9-digit number used to identify banks and branches involved in cheque processing. For BARAON, the MICR code is 800811002, while the IFSC code is PUNB0MBGB06.