Bihar Gramin Bank Sattar IFSC Code

You are looking for information about the Bihar Gramin Bank branch located in Sattar, Saharsa, Bihar. This article will help you understand the bank’s details, especially its IFSC code. The IFSC (Indian Financial System Code) is essential for safely and accurately transferring money electronically within India. Whether you’re sending funds via NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service), knowing the correct IFSC code ensures your money reaches the right account without delays.

Branch Details

Here are the key details for the Bihar Gramin Bank, Sattar branch:

Bank Name	Bihar Gramin Bank
Branch Name	Sattar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100798
Branch Address	Sattar, SAHARSA, 852132, 9297954296
Contact Number	9297954296
City	SAHARSA
District	SAHARSA
Region	SAHARSA
Pincode	852132
State	Bihar

Merger Update

In a significant development for regional rural banking in Bihar, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form a unified entity, now operating under the sponsorship of Punjab National Bank (PNB). As a result of these mergers, a single, standardized IFSC code structure has been adopted for the unified Bihar Gramin Bank branches.

The IFSC code PUNB0MBGB06 for the Sattar branch reflects this change. The prefix “PUNB0” indicates that the bank is sponsored by Punjab National Bank. All older IFSC codes previously used by UBGB or DBGB branches have been revoked and are no longer valid for transactions. It is crucial to use only the new, updated IFSC codes, such as PUNB0MBGB06, for any electronic fund transfers to ensure your transactions are processed correctly.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch in India. It is used primarily for electronic fund transfers. Understanding its structure can be helpful:

• The first four characters represent the bank name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always “0” (zero). This character is reserved for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” refers to the Sattar branch of Bihar Gramin Bank within the unified structure.

This unique code ensures that when you send money, it goes directly to the intended branch and account, preventing errors in the vast Indian banking system.

How to Use an IFSC Code

Using an IFSC code is straightforward when initiating an electronic fund transfer. Here’s a general guide for NEFT, RTGS, and IMPS:

1. Gather Beneficiary Details: You will need the recipient’s bank account number, account holder’s name, and the correct IFSC code for their specific branch (e.g., PUNB0MBGB06 for Bihar Gramin Bank, Sattar).
2. Log In to Your Net Banking or Mobile Banking App: Access your bank’s online platform.
3. Navigate to Fund Transfer: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
4. Add a New Beneficiary (if not already added):
   • Enter the recipient’s bank account number.
   • Re-enter the account number to confirm.
   • Enter the recipient’s bank name (Bihar Gramin Bank).
   • Enter the IFSC code (PUNB0MBGB06). Your bank’s system might automatically fill in the branch name (Sattar) once the IFSC is entered correctly.
   • Enter the beneficiary’s name.
5. Initiate Transfer: Once the beneficiary is added or selected, enter the amount you wish to send and confirm the transaction.

Always double-check all details, especially the account number and IFSC code, before confirming a transfer to avoid sending money to the wrong person or bank.

Benefits of Knowing Your IFSC Code

Having easy access to your bank branch’s IFSC code offers several practical advantages:

• Facilitates Electronic Transfers: It is mandatory for all major electronic fund transfer systems like NEFT, RTGS, and IMPS.
• Ensures Accuracy: The unique code helps your bank route the money to the correct branch, minimizing transfer errors.
• Faster Processing: Correct IFSC codes help banks process transactions more quickly and efficiently.
• Required for Various Forms: You’ll often need to provide your IFSC code when filling out forms for salary, loan applications, or other financial services.
• Verification Tool: It helps verify the authenticity of a bank branch when dealing with new beneficiaries or services.

Contact Information

For inquiries related to the Bihar Gramin Bank, Sattar branch, or the head office, you can use the following details:

• Sattar Branch Phone Number: 9297954296
• Sattar Branch Address: Sattar, SAHARSA, 852132
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about IFSC codes and Bihar Gramin Bank:

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?

A1: No, the IFSC code PUNB0MBGB06 is specific to the Sattar branch. Every individual branch of Bihar Gramin Bank (or any bank) has its own unique IFSC code. You must always use the correct IFSC for the specific branch where the beneficiary holds an account.

Q2: What happens if I use an old IFSC code for a merged bank?

A2: If you use an old, revoked IFSC code for a merged bank like Bihar Gramin Bank, your transaction will likely fail. The banking system will not recognize the old code, and the funds will not be transferred. It’s crucial to always use the updated IFSC code, such as PUNB0MBGB06, for accurate transfers.

Q3: Can I find the IFSC code on my passbook or chequebook?

A3: Yes, the IFSC code is typically printed on your bank passbook and on the top left corner of your cheque leaves. It’s a standard practice for banks to include this information for customer convenience.

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

A4: Both are bank codes, but they serve different purposes. The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheque leaves, primarily used for processing cheques. For the Sattar branch, the IFSC is PUNB0MBGB06 and the MICR is 800811002.

Q5: Is it safe to share my bank’s IFSC code?

A5: Yes, it is generally safe to share your bank’s IFSC code. It is publicly available information, necessary for others to send money to your account. However, you should never share your account password, PIN, or OTP (One Time Password) with anyone.