Bihar Gramin Bank BENSAGAR IFSC Code

The Bihar Gramin Bank branch located in BENSAGAR, in the Rohtas district of Bihar, serves as a crucial point for various financial activities in the region. When you need to send or receive money electronically, whether through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a specific code called the IFSC (Indian Financial System Code) is essential. This unique code ensures that your funds reach the correct bank and branch without any errors.

Branch Details

Here are the key details for the Bihar Gramin Bank BENSAGAR branch:

Bank Name	Bihar Gramin Bank
Branch Name	BENSAGAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7337
Branch Address	BENSAGAR, Rohtas, 802220
Contact Number	9771464337
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	802220
State	Bihar

Merger Update

The bank currently operating under the name “Bihar Gramin Bank” for this branch now functions as part of Madhya Bihar Gramin Bank. This new entity was formed after the merger of both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). As a result of this merger, all branches, including BENSAGAR, now use a single, unified IFSC code: PUNB0MBGB06. This new code is sponsored by Punjab National Bank.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. For any electronic fund transfers to or from this branch, only the new IFSC code, PUNB0MBGB06, is valid and must be used to ensure your transactions are processed successfully.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online money transfers in India. Think of it as a digital address for each branch. This code is crucial for making sure that electronic payments go to the right place.

The 11 characters of the IFSC code follow a specific pattern:

• The first four characters represent the name of the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters identify the specific branch of the bank. For the BENSAGAR branch, these are “MBGB06”.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are making online fund transfers through NEFT, RTGS, or IMPS. Here are the general steps:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank’s online platform or mobile application.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “Send Money,” or “Payments.”
3. Choose Transfer Type: Select NEFT, RTGS, or IMPS depending on the amount and urgency of your transfer.
4. Add Beneficiary Details: If you haven’t transferred money to this person or entity before, you’ll need to add them as a new beneficiary. This involves providing:
   • Beneficiary Name
   • Beneficiary Account Number
   • Beneficiary Bank Name (Madhya Bihar Gramin Bank)
   • Beneficiary IFSC Code (PUNB0MBGB06)
5. Verify Details: Always double-check the beneficiary’s name, account number, and especially the IFSC code to prevent any errors.
6. Enter Amount and Confirm: Input the amount you wish to transfer and confirm the transaction.

For cash deposits or other in-branch services, you typically do not need the IFSC code as you are physically present at the branch.

Benefits of Knowing the IFSC Code

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

• Accurate Fund Transfers: It ensures your money reaches the intended recipient’s bank and branch without misdirection.
• Faster Transactions: Correct IFSC codes help NEFT, RTGS, and IMPS transactions process smoothly and quickly.
• Error Prevention: Reduces the chances of funds being sent to the wrong account, which can be difficult to recover.
• Convenience: Facilitates easy and hassle-free online banking from anywhere, anytime.
• Security: Adds an extra layer of verification, making electronic transactions more secure.

Contact Information

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

• Branch Phone Number: 9771464337
• Branch Address: BENSAGAR, Rohtas, 802220, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

What is the full name of the bank associated with the IFSC code PUNB0MBGB06?

The IFSC code PUNB0MBGB06 is for Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank (PUNB).

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

Yes, it is generally safe to share your bank’s IFSC code. It is publicly available information and is primarily used to identify your bank branch for receiving funds. It does not provide access to your account.

Can I use an old IFSC code if I have it for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?

No, you cannot. After the merger, all old IFSC codes for Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. You must use the new unified IFSC code, PUNB0MBGB06, for all electronic transactions.

What is the difference between an IFSC code and a MICR code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for online fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheque leaves, used primarily for processing physical cheques.

What should I do if my online transfer fails due to an incorrect IFSC code?

If your transfer fails due to an incorrect IFSC code, the funds are usually returned to your account within a few hours or one business day. You should then re-initiate the transaction using the correct IFSC code, PUNB0MBGB06, for the BENSAGAR branch.