Bihar Gramin Bank KUSHI BAZAR IFSC Code

The Bihar Gramin Bank branch in KUSHI BAZAR, located in Rohtas, Bihar, is a key financial point for residents in the area. When you need to transfer money electronically, understanding the Indian Financial System Code (IFSC) for this branch is essential. The IFSC code acts as a unique identifier for bank branches across India, making sure your funds go to the correct recipient. It is crucial for electronic payment systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Branch Details

Here are the specific details for the Bihar Gramin Bank branch at KUSHI BAZAR:

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	KUSHI BAZAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6974
Branch Address	KUSHI BAZAR, Rohtas, 802205, 7070196974
Contact Number	7070196974
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	802205
State	Bihar

Merger Update

Bihar Gramin Bank, where the KUSHI BAZAR branch is located, was formed following the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation aimed to create a stronger, more efficient regional rural bank. The merged entity now operates under the sponsorship of Punjab National Bank. As a result, all branches, including KUSHI BAZAR, use a unified IFSC code structure, which begins with “PUNB0”.

It is very important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked and are no longer valid for transactions. For any fund transfers to Bihar Gramin Bank, including the KUSHI BAZAR branch, you must use the new, standardized IFSC code: PUNB0MBGB06. Using an old or incorrect IFSC code will lead to transaction failure and potential delays.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies all bank branches participating in the Reserve Bank of India’s electronic funds settlement systems. Think of it like a digital address for a specific bank branch.

The structure of an IFSC code is standard across all banks:

• The first four characters represent the bank name. For Bihar Gramin Bank, this is PUNB, indicating its sponsorship by Punjab National Bank.
• The fifth character is always zero (0). This character is reserved for future use and helps distinguish bank codes from branch codes.
• The last six characters identify the specific bank branch. For the KUSHI BAZAR branch, these are MBGB06.

So, the IFSC code PUNB0MBGB06 clearly identifies the Bihar Gramin Bank (PUNB) and its KUSHI BAZAR branch (MBGB06), with the fifth character being 0.

How to Use IFSC Code

Using the IFSC code correctly is vital for secure and efficient electronic fund transfers. Here’s how it generally works for common payment methods:

1. NEFT (National Electronic Funds Transfer): This system allows one-to-one transfers between bank accounts. When you initiate an NEFT transfer through your bank’s online portal or a physical branch, you will need to provide the beneficiary’s:

   • Account number
   • Account holder’s name
   • Bank name (Bihar Gramin Bank)
   • Branch name (KUSHI BAZAR)
   • IFSC code (PUNB0MBGB06)

   NEFT transactions are processed in batches during specific hours, so the funds may not reflect instantly.

2. RTGS (Real Time Gross Settlement): RTGS is designed for large-value transactions, typically for amounts of 2 lakh rupees and above. As the name suggests, transfers are processed individually and in real-time. Similar to NEFT, you will need the beneficiary’s:

   • Account number
   • Account holder’s name
   • Bank name
   • Branch name
   • IFSC code (PUNB0MBGB06)

   RTGS ensures immediate finality of payment, which is beneficial for time-sensitive large transfers.

3. IMPS (Immediate Payment Service): IMPS offers instant, 24/7 interbank electronic fund transfers through mobile phones and internet banking. It’s suitable for smaller, urgent transactions. For IMPS, you usually need either:

   • The beneficiary’s mobile number and MMID (Mobile Money Identifier), or
   • The beneficiary’s account number and IFSC code (PUNB0MBGB06)

   IMPS is convenient because it operates even outside regular banking hours.

Always double-check the IFSC code and account details before confirming a transaction to avoid sending money to the wrong account.

Benefits

Knowing the correct IFSC code offers several important benefits:

• Ensures Accuracy: It directs your money to the exact branch, preventing misdirected funds.
• Facilitates Speed: Essential for quick processing of NEFT, RTGS, and IMPS transactions.
• Enables Security: A unique identifier reduces the chances of fraudulent or erroneous transfers.
• Supports Digital Banking: Critical for setting up online banking transfers and using mobile banking apps.
• Mandatory for Transfers: It is a compulsory field for all inter-bank electronic fund transfers within India.

Contact Information

For inquiries related to the KUSHI BAZAR branch of Bihar Gramin Bank, or general assistance, here are the relevant contact details:

• Branch Phone Number (KUSHI BAZAR): 7070196974
• Branch Address (KUSHI BAZAR): KUSHI BAZAR, Rohtas, 802205, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank KUSHI BAZAR IFSC code:

Q1: Is the IFSC code PUNB0MBGB06 valid for all types of electronic transfers?
A: Yes, PUNB0MBGB06 is the correct and valid IFSC code for all electronic fund transfers like NEFT, RTGS, and IMPS to the Bihar Gramin Bank KUSHI BAZAR branch.

Q2: What happens if I use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A: If you use an old, revoked IFSC code, your transaction will likely fail. The funds will not be transferred, and you will receive an error message or the transaction will be reversed. Always use the current code, PUNB0MBGB06.

Q3: Can I find the IFSC code on my bank passbook or cheque book?
A: Yes, the IFSC code is typically printed on the first page of your bank passbook and on individual cheque leaves. However, due to the merger, it’s always best to verify it from official sources or the bank’s website if you have an older passbook/cheque book.

Q4: What is the significance of “SASARAM” mentioned in the branch details?
A: While the branch is in KUSHI BAZAR, Rohtas, SASARAM is a major city and administrative headquarters of the Rohtas district. Its mention often indicates a significant nearby urban center or a reference point for the branch’s location within the region.

Q5: Is there a minimum or maximum amount for transfers using NEFT, RTGS, or IMPS with this IFSC code?
A: IMPS typically has a maximum limit of Rs. 5 Lakhs per transaction. NEFT has no minimum or maximum set by the RBI, though individual banks might set their own limits. RTGS has a minimum transfer amount of Rs. 2 Lakhs, with no upper limit set by the RBI, but bank-specific limits may apply. Always check with Bihar Gramin Bank for their specific transaction limits.