The Bihar Gramin Bank branch located in KOATH, Rohtas district, Bihar, plays an important role in the local financial landscape. For anyone looking to transfer funds electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code acts like a digital address, uniquely identifying each bank branch across India. It is absolutely necessary for all major online and electronic money transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, your money transfer simply cannot go through to the intended recipient.
Branch Details
Here are the key details for the Bihar Gramin Bank branch at KOATH:
| Bank Name | Bihar Gramin Bank |
| Branch Name | KOATH |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7368 |
| Branch Address | KOATH, Rohtas, 802216, 9771464368 |
| Contact Number | 9771464368 |
| City | Rohtas |
| District | Rohtas |
| Reason | SASARAM |
| Pincode | 802216 |
| State | Bihar |
Merger Update
It’s important to understand the history behind Bihar Gramin Bank’s IFSC code. Previously, there were separate regional rural banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These banks have since merged to form a single entity, Bihar Gramin Bank. As part of this merger and operational standardization, all branches of the newly formed Bihar Gramin Bank now use a unified IFSC code series, sponsored by Punjab National Bank.
This means that any old IFSC codes previously used for UBGB or DBGB branches are now revoked and are no longer valid for transactions. For any electronic fund transfers to or from the KOATH branch of Bihar Gramin Bank, you must use the updated IFSC code: PUNB0MBGB06. Using an old or incorrect code will cause your transaction to fail.
What is an IFSC Code?
The IFSC, or Indian Financial System Code, is an 11-character alphanumeric code. It’s designed to uniquely identify every bank branch participating in electronic funds transfers within India. Think of it as a specific address for each branch in the digital banking world. The structure of the IFSC code is standardized:
- The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
- The fifth character is always a “0” (zero). This character is kept as a control measure for future use.
- The last six characters uniquely identify the specific bank branch. In the case of PUNB0MBGB06, “MBGB06” identifies the KOATH branch of Bihar Gramin Bank.
This systematic structure ensures that every transaction is routed to the exact branch intended, minimizing errors and enhancing security.
How to Use the IFSC Code
Using the IFSC code is a straightforward process when you are making electronic fund transfers. Whether you are using NEFT, RTGS, or IMPS, the steps are quite similar:
- Log In to Your Net Banking or Mobile Banking: Access your online banking portal or mobile app.
- Select Fund Transfer Option: Look for options like “Fund Transfer,” “Send Money,” or “Payments.”
- Add Beneficiary (If New): If you are sending money to a new recipient, you will first need to add them as a beneficiary. This involves providing details such as:
- Beneficiary Name
- Beneficiary Account Number
- Confirm Beneficiary Account Number
- Beneficiary Bank’s IFSC Code (PUNB0MBGB06 for KOATH branch)
- Bank Name (Bihar Gramin Bank)
You might also need to specify the bank branch, which is KOATH in this case.
- Select Beneficiary and Amount: Once the beneficiary is added (or if they are already in your list), select their name. Enter the amount you wish to transfer and a purpose for the transaction (e.g., “Family support,” “Bill payment”).
- Choose Transfer Type:
- For NEFT (National Electronic Funds Transfer): Used for transfers where immediate settlement isn’t critical. Transactions are processed in batches during specific hours.
- For RTGS (Real Time Gross Settlement): Ideal for large value transfers that require immediate, individual settlement.
- For IMPS (Immediate Payment Service): This is a 24/7 service that allows instant transfers even on holidays. It’s often used for smaller, quick transfers.
- Review and Confirm: Always double-check all the details, especially the account number and IFSC code, before confirming the transfer. An incorrect IFSC code can lead to delays or the funds being sent to the wrong account.
The IFSC code acts as the routing number, ensuring your money reaches the correct branch of the correct bank, regardless of the transfer method chosen.
Benefits of Knowing the IFSC Code
Having the correct IFSC code for the Bihar Gramin Bank KOATH branch offers several significant advantages:
- Accurate Fund Transfers: Ensures your money reaches the intended beneficiary’s specific bank branch without errors.
- Faster Processing: Correct IFSC codes enable quicker processing of NEFT, RTGS, and IMPS transactions, reducing delays.
- Enhanced Security: By precisely identifying the destination branch, the IFSC code adds a layer of security to electronic transactions, preventing misdirection of funds.
- Mandatory for Online Banking: It’s a non-negotiable requirement for setting up and executing any electronic fund transfer via internet banking or mobile apps.
- Unique Branch Identification: Each IFSC code uniquely identifies a specific bank branch, making it easy to distinguish between multiple branches of the same bank.
- Streamlined Financial Operations: Helps both individuals and businesses manage their financial transactions more efficiently across different banks and locations.
Contact Information
If you need to get in touch with the bank, here are the relevant contact details:
- Branch Phone Number (KOATH): 9771464368
- Branch Address (KOATH): KOATH, Rohtas, 802216
- Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number (Bihar Gramin Bank): 18001807777
Frequently Asked Questions
What is the IFSC code for Bihar Gramin Bank KOATH branch?
The IFSC code for Bihar Gramin Bank, KOATH branch, is PUNB0MBGB06. This code is essential for all electronic fund transfers to this specific branch.
Why does the IFSC code start with “PUNB” if it’s Bihar Gramin Bank?
Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). According to banking regulations, the IFSC codes for such RRBs often start with the prefix of their sponsor bank, followed by characters identifying the RRB itself and then the specific branch.
Can I use an old IFSC code for Bihar Gramin Bank for transactions?
No, you should not use any old IFSC codes for previous entities like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank. Following the merger, only the new, unified IFSC codes under the Punjab National Bank series, such as PUNB0MBGB06, are valid for transactions with Bihar Gramin Bank branches.
Is the IFSC code the same for NEFT, RTGS, and IMPS transactions?
Yes, the IFSC code PUNB0MBGB06 is the single identifier used for all types of electronic fund transfers, including NEFT, RTGS, and IMPS, when sending money to or from the Bihar Gramin Bank KOATH branch.
Where can I find the IFSC code for my bank branch?
You can typically find the IFSC code on your bank’s cheque book, passbook, or account statement. It is also prominently displayed on the bank’s official website and can be looked up through various online banking tools.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.