Bihar Gramin Bank PARARIYA IFSC Code

This article provides details about the Bihar Gramin Bank branch located in Parariya, Rohtas, Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is crucial for anyone needing to send or receive money electronically. The IFSC code acts like a unique digital address, ensuring that funds transferred through systems like NEFT, RTGS, and IMPS reach the correct bank branch quickly and safely. Without the correct IFSC, your financial transactions cannot be processed.

Bihar Gramin Bank Parariya Branch Details

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

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	PARARIYA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7383
Branch Address	PARARIYA, Rohtas, 802217
Contact Number	9771464383
City	Rohtas
District	Rohtas
Area/Reason	SASARAM
Pincode	802217
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks were sponsored by Punjab National Bank. Following this merger, all branches now operate under the unified Bihar Gramin Bank name, and they use a single series of IFSC codes under Punjab National Bank’s sponsorship. The IFSC code for the Parariya branch is PUNB0MBGB06.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid. For all financial transactions, you must use the new, consolidated IFSC code, PUNB0MBGB06, to ensure your payments are processed correctly.

What is an IFSC Code?

An IFSC code, which stands for Indian Financial System Code, is a unique 11-character alphanumeric code. The Reserve Bank of India (RBI) assigns these codes to identify each bank branch participating in online money transfers. This code helps to accurately route funds to the correct destination branch.

The 11 characters of an IFSC code follow a specific structure:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” signifies Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters uniquely identify the specific bank branch. In this case, “MBGB06” points to the Bihar Gramin Bank’s Parariya branch.

How to Use an IFSC Code

You will need the correct IFSC code when performing various types of electronic fund transfers. Here’s how it generally works for common payment methods:

• NEFT (National Electronic Funds Transfer): When you want to send money using NEFT, you need the beneficiary’s bank name, account number, account holder’s name, and the correct IFSC code for their specific branch. You enter these details into your bank’s online banking portal or a physical NEFT form.
• RTGS (Real Time Gross Settlement): For larger value transactions, RTGS also requires the beneficiary’s bank name, account number, and the correct IFSC code. The process is similar to NEFT, often used for amounts over Rs. 2 lakh.
• IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers. You can use the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their bank account number and IFSC code to make these transfers.

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

Benefits of Knowing Your IFSC Code

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

• It ensures accurate and timely fund transfers to the intended recipient’s account.
• It is mandatory for all online transactions like NEFT, RTGS, and IMPS, making digital banking possible.
• It helps prevent transaction failures or delays that can occur due to incorrect bank details.
• It allows others to easily send money to your account if you provide them with the correct code.
• It simplifies banking processes, acting as a unique identifier for your specific branch within the national banking system.

Contact Information

For inquiries related to the Parariya branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number (Parariya): 9771464383
• Branch Address (Parariya): PARARIYA, Rohtas, 802217, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Here are answers to some common questions about IFSC codes and Bihar Gramin Bank:

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

Q2: Is the old IFSC code for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank still valid?
A2: No, following the merger that formed Bihar Gramin Bank, all old IFSC codes for Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. You must use the new consolidated IFSC codes like PUNB0MBGB06 for all transactions.

Q3: Can I transfer money using just the account number, without the IFSC code?
A3: For electronic fund transfers such as NEFT, RTGS, and IMPS, the IFSC code is a mandatory detail along with the account number. You cannot complete these transfers without it. For specific peer-to-peer apps, alternative identifiers might be used, but the underlying banking system still relies on IFSC codes.

Q4: What should I do if I enter an incorrect IFSC code during a transaction?
A4: If the IFSC code is incorrect, your transaction will likely fail and the money will not be debited from your account. If the transaction somehow goes through with an incorrect but valid IFSC code that belongs to a different branch, you will need to contact your bank immediately to initiate a recall of funds. It’s best to verify the code carefully before confirming.

Q5: Where can I find the IFSC code for my Bihar Gramin Bank branch?
A5: You can find the IFSC code on your bank passbook, cheque book, on the bank’s official website, or through various reliable online financial portals. It is always printed on the cheque leaves as well.