Bihar Gramin Bank KARAKAT IFSC Code

The Bihar Gramin Bank branch located in KARAKAT, a village in the Rohtas district of Bihar, serves as a crucial financial hub for the local community. For anyone wishing to conduct digital fund transfers such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service) to or from this specific branch, knowing its Indian Financial System Code (IFSC) is essential. This unique code ensures that your money reaches the correct bank and branch swiftly and securely, preventing delays or misdirection of funds.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	KARAKAT
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7440
Branch Address	KARAKAT, Rohtas, 802235, 9771464440
Contact Number	9771464440
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	802235
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) that operates under the sponsorship of Punjab National Bank (PNB). It was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank (MBGB). The KARAKAT branch, along with all other branches of Bihar Gramin Bank, now uses an IFSC code that reflects this sponsorship, starting with “PUNB”. The specific IFSC code for this branch is PUNB0MBGB06. The “MBGB” part of the code likely represents its origin from the Madhya Bihar Gramin Bank entity, which is now part of the larger Bihar Gramin Bank structure. It is very important to note that any older IFSC codes previously associated with branches that are now part of Bihar Gramin Bank, including those from UBGB or DBGB, have been revoked. For any fund transfers or banking transactions, only the new, updated IFSC code PUNB0MBGB06 is valid and must be used.

What is IFSC Code?

An IFSC code, which stands for Indian Financial System Code, is an 11-character alphanumeric code. It acts like a unique digital address for every bank branch in India. This code helps to accurately identify the specific bank and branch for electronic fund transfers. The 11 characters of an IFSC code are structured in a specific way:

• The first four characters identify the bank. For example, in the code PUNB0MBGB06, “PUNB” clearly indicates Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use by the Reserve Bank of India and helps separate the bank code from the branch code.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, “MBGB06” is the unique identifier for the KARAKAT branch of Bihar Gramin Bank.

Understanding this structure helps you verify that you have the correct code for your transaction.

How to Use IFSC Code

Using an IFSC code is straightforward when you’re making an online fund transfer via NEFT, RTGS, or IMPS. Here are the typical steps:

1. Log in to your banking platform: Access your net banking portal or mobile banking application.
2. Select transfer option: Choose the option for fund transfer, then specify if you want to use NEFT, RTGS, or IMPS.
3. Add beneficiary details: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. You will typically be asked for:
   • Beneficiary’s full name
   • Beneficiary’s account number
   • Beneficiary’s account type (e.g., Savings, Current)
   • The correct IFSC code for the beneficiary’s bank branch. For the Bihar Gramin Bank KARAKAT branch, this is PUNB0MBGB06.
4. Enter amount and confirm: Input the amount you wish to transfer and then carefully review all the details before confirming the transaction. The IFSC code plays a critical role here in ensuring the funds go to the exact intended destination.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for a bank branch offers several important benefits:

• Accurate Transfers: It ensures that your money is transferred to the correct bank and branch, minimizing the risk of errors.
• Security: The unique identification helps prevent fraudulent transactions and ensures funds are routed through authorized channels.
• Speed: It facilitates faster processing of electronic fund transfers like NEFT, RTGS, and IMPS, leading to quicker receipt of funds.
• Convenience: Essential for all digital banking activities, allowing you to send and receive money from anywhere, anytime.
• Compliance: It meets the regulatory requirements set by the Reserve Bank of India for interbank transfers.

Contact Section

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

• Branch Phone Number: 9771464440
• Branch Address: KARAKAT, Rohtas, 802235, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What is the IFSC code for Bihar Gramin Bank KARAKAT branch?
A1: The IFSC code for the Bihar Gramin Bank KARAKAT branch is PUNB0MBGB06.

Q2: What happens if I use an old or incorrect IFSC code for a transfer?
A2: If you use an old or incorrect IFSC code, your transaction will most likely fail and the funds will not be transferred. In some cases, the transaction might be delayed significantly, or the funds could be returned to your account after some time. It’s always best to double-check the code.

Q3: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A3: No, each individual branch of Bihar Gramin Bank has its own unique IFSC code. While the first few characters (PUNB0) might be similar across branches due to the sponsoring bank, the last six characters will differ to identify that specific branch.

Q4: Where can I find the IFSC code for my bank account?
A4: You can typically find the IFSC code printed on your bank’s passbook, cheque book, or on your bank’s official website. It is also available on the official website of the Reserve Bank of India (RBI).

Q5: Is an IFSC code mandatory for all types of bank transfers?
A5: An IFSC code is mandatory for electronic fund transfers like NEFT, RTGS, and IMPS when sending money between different banks. For transfers within the same bank, or for certain digital payment methods like UPI, an IFSC might not always be directly required by the user, but the underlying system still uses it for routing.