Bihar Gramin Bank Saharsa Main Branch IFSC Code

Welcome to Saharsa, a prominent city in Bihar. If you’re looking to send or receive money digitally through this branch, understanding the Indian Financial System Code, or IFSC, is essential. An IFSC code acts like a unique digital address for every bank branch participating in online transactions. It ensures that your funds, whether sent via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), are routed correctly and safely to the intended bank and specific branch without delays or errors.

Bihar Gramin Bank, Saharsa Main Branch Details

Here are the key details for the Saharsa Main Branch of Bihar Gramin Bank:

Bank Name	Bihar Gramin Bank
Branch Name	Saharsa Main Branch
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100724
Branch Address	Saharsa Main Branch, SAHARSA, 852126, 9297954275
Contact Number	9297954275
City	SAHARSA
District	SAHARSA
Pincode	852126
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed from the amalgamation of several regional rural banks in Bihar, including the erstwhile Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following these mergers, Bihar Gramin Bank now operates under the sponsorship of Punjab National Bank. To streamline operations and maintain consistency across all its branches, a unified IFSC code has been adopted. This means that all branches of Bihar Gramin Bank, including the Saharsa Main Branch, now use the IFSC code PUNB0MBGB06.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) have been revoked. For any electronic fund transfers to or from Bihar Gramin Bank, only the new, unified IFSC code, PUNB0MBGB06, is valid. Using outdated codes will result in failed transactions.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code uniquely identifying every bank branch in India that participates in online money transfers. This code is crucial for ensuring that funds are directed to the correct recipient bank and branch during electronic transactions.

The structure of an IFSC code is specific:

• The first four characters identify the bank itself. For example, in PUNB0MBGB06, “PUNB” stands for 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 and helps differentiate the bank code from the branch code.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the particular branch within the Bihar Gramin Bank system under Punjab National Bank.

This standardized structure makes it easy for banks and customers to verify the authenticity and destination of transactions.

How to Use the IFSC Code

The IFSC code is a mandatory detail for all major electronic fund transfer methods in India: NEFT, RTGS, and IMPS. Here’s how you typically use it:

• NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches at specific timings throughout the day. When you want to send money via NEFT, you need to provide the recipient’s name, account number, the amount, and their bank’s IFSC code. The system uses the IFSC to identify the correct destination branch for the transfer.

• RTGS (Real Time Gross Settlement): Designed for high-value transactions, RTGS processes transfers individually and continuously, meaning funds are settled in real-time. Similar to NEFT, you will need the beneficiary’s account number and the correct IFSC code to ensure the funds reach the intended branch immediately.

• IMPS (Immediate Payment Service): This is a 24/7 instant interbank electronic fund transfer service. Whether you’re using mobile banking or internet banking, the IMPS system requires the beneficiary’s account number and IFSC code to facilitate immediate credit to their account, even on holidays or outside regular banking hours.

In all these cases, you will typically add the recipient as a “beneficiary” in your online banking portal or mobile app. During this setup, you will input their name, account number, and the IFSC code. Once added, you can then proceed to transfer funds.

Benefits of Knowing Your IFSC Code

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

• Accurate Fund Transfers: It ensures that your money reaches the precise bank and branch you intend, minimizing the risk of funds being misdirected.
• Facilitates Digital Transactions: The IFSC code is indispensable for all online money transfers, making banking convenient and accessible from anywhere.
• Essential for Online Banking: Whether you’re setting up a new payee or performing a one-time transfer, the IFSC is a required field in internet and mobile banking platforms.
• Reduces Errors: By uniquely identifying each branch, it helps prevent human errors that could occur with manual routing or less specific identifiers.
• Standardized Identification: It provides a universal and consistent method for identifying bank branches across India for electronic payments.

Contact Information

Should you need to get in touch with Bihar Gramin Bank:

• Branch Phone Number (Saharsa Main Branch): 9297954275
• Branch Address (Saharsa Main Branch): Saharsa Main Branch, SAHARSA, 852126
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is an IFSC code mandatory for all bank transfers?

A: Yes, an IFSC code is mandatory for all electronic fund transfers within India, including NEFT, RTGS, and IMPS. It ensures the funds are routed to the correct destination bank and branch.

Q2: What happens if I enter an incorrect IFSC code?

A: If you enter an incorrect IFSC code, the transaction will most likely fail. The banking system will detect that the code does not match the beneficiary’s bank or branch details, and the transfer will not be processed. In rare cases, if the incorrect IFSC code corresponds to another valid branch, funds could potentially be misdirected, though robust systems are in place to prevent this.

Q3: Where can I find the IFSC code for my bank branch?

A: You can usually find the IFSC code printed on your bank’s chequebook, passbook, or account statement. It is also readily available on the bank’s official website, through mobile banking apps, or by contacting customer service.

Q4: What is the difference between an IFSC code and a MICR code?

A: Both are bank codes, but they serve different purposes. An IFSC code (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS). A MICR code (Magnetic Ink Character Recognition code) is a 9-digit numerical code printed on cheques using special magnetic ink. It is primarily used for processing paper cheques efficiently and securely.

Q5: Does every Bihar Gramin Bank branch have a different IFSC code?

A: No. Following the mergers and the sponsorship by Punjab National Bank, Bihar Gramin Bank has adopted a unified IFSC code: PUNB0MBGB06 for all its branches. This simplifies transactions and ensures consistency across the bank’s network.