Bihar Gramin Bank OSAWAN IFSC Code

In the quiet town of Osawan, located within the Rohtas district of Bihar, seamless banking operations are crucial for residents and businesses. Whether you are sending money to a family member, making a payment for goods, or managing your finances, understanding the Indian Financial System Code (IFSC) for your bank branch is essential. The IFSC acts as a unique identifier for bank branches across India, making it possible for electronic fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) to reach the correct recipient reliably and quickly. Without the correct IFSC, these digital transactions cannot be completed.

Bihar Gramin Bank, OSAWAN Branch Details

Here are the key details for the Bihar Gramin Bank branch located in Osawan:

Bank Name	Bihar Gramin Bank
Branch Name	OSAWAN
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6892
Branch Address	OSAWAN, Rohtas, 821309
Contact Number	9523596892
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	821309
State	Bihar

Merger Update for Bihar Gramin Bank

It is important to note a significant change regarding Bihar Gramin Bank. This bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both banks have now merged into a single entity known as Bihar Gramin Bank, sponsored by Punjab National Bank. As a result of this merger, all banking operations for the former UBGB and DBGB branches, including the Osawan branch, now operate under the single IFSC code PUNB0MBGB06.

This means that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are now revoked and are no longer valid for transactions. For any fund transfers to or from any Bihar Gramin Bank branch, including Osawan, you must use the updated IFSC code PUNB0MBGB06 to ensure your transactions are successful.

What is an IFSC Code?

The IFSC, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in the NEFT and RTGS systems within India. This code is crucial for ensuring that electronic fund transfers are directed to the correct bank and branch.

The structure of the IFSC code is specific:

• The first four characters represent the bank name. For Bihar Gramin Bank, these are “PUNB” because it is sponsored by Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain the standard 11-character length.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, these last six characters “MBGB06” identify the Bihar Gramin Bank.

This standardized format helps in quickly and accurately routing funds to the intended branch, reducing errors in transactions.

How to Use an IFSC Code

Using an IFSC code is a straightforward process when you are making an electronic fund transfer. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log In to Your Bank’s Online Banking or Mobile App: Access your internet banking portal or mobile application.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary (If New): If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves providing their name, account number, bank name, and the critical IFSC code of their bank branch. For the Bihar Gramin Bank Osawan branch, you would enter PUNB0MBGB06.
4. Enter Transfer Details: Once the beneficiary is added (or if they’re already on your list), select them. Then, enter the amount you wish to transfer and any remarks you want to include.
5. Review and Confirm: Double-check all the details, especially the account number and IFSC code, to ensure accuracy before confirming the transaction. An incorrect IFSC or account number can lead to funds being transferred to the wrong person or getting stuck.

For transfers via ATM or visiting the bank branch, the bank staff will guide you on where to provide the IFSC code for your transaction.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the recipient’s branch, offers several important benefits:

• Facilitates Electronic Transfers: It is mandatory for all electronic fund transfers (NEFT, RTGS, IMPS), ensuring your money reaches the right place quickly.
• Ensures Accuracy: The unique code helps prevent errors in money transfers, significantly reducing the chances of funds going to an incorrect account.
• Speeds Up Transactions: Automated systems use the IFSC to route funds efficiently, making transfers faster than traditional methods.
• Convenience: With the IFSC, you can conduct banking transactions from anywhere using online banking or mobile apps, without needing to visit a physical branch.
• Security: The robust system built around IFSC codes adds a layer of security to your financial transactions.

Contact Information

For any queries or assistance regarding your Bihar Gramin Bank account or the Osawan branch, you can use the following contact details:

• Bihar Gramin Bank, Osawan Branch Phone Number: 9523596892
• Bihar Gramin Bank, Osawan Branch Address: OSAWAN, Rohtas, 821309, 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 Osawan IFSC Code:

Q1: Is PUNB0MBGB06 the correct IFSC for all Bihar Gramin Bank branches?
A: No, PUNB0MBGB06 is the specific IFSC code for the Bihar Gramin Bank, Osawan branch. While many Bihar Gramin Bank branches start with “PUNB0MBGB”, the last six characters will differ for each specific branch. Always verify the exact IFSC for the intended branch.

Q2: What happens if I use an old UBGB or DBGB IFSC code for a transfer?
A: If you use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), your transaction will likely fail. Since these banks merged to form Bihar Gramin Bank, only the new IFSC codes assigned to Bihar Gramin Bank branches are valid. Always use the current IFSC code, like PUNB0MBGB06 for Osawan.

Q3: Can I find the IFSC code on my bank passbook or chequebook?
A: Yes, the IFSC code is typically printed on the first page of your bank passbook and on the top left corner of your cheque leaves. You can also find it on your bank’s official website or through reliable online IFSC lookup tools.

Q4: Is the MICR code also important for bank transfers?
A: The MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. While it’s important for cheque clearing, it is generally not required for electronic fund transfers like NEFT, RTGS, or IMPS, which rely on the IFSC code.

Q5: How long does it take for money to be transferred using NEFT, RTGS, or IMPS with an IFSC code?
A: IMPS transfers are typically instant, meaning the funds are credited almost immediately. NEFT transfers are processed in batches and usually take a few hours during banking hours. RTGS transfers are for large amounts and are processed in real-time on a gross settlement basis, meaning funds are credited very quickly, often within minutes.