Bihar Gramin Bank Shyampur IFSC Code

In the quiet town of Shyampur, located in the Samastipur district of Bihar, reliable banking services are essential for residents and businesses. When you need to send or receive money electronically, especially through systems like NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address, ensuring your funds reach the right bank and branch quickly and safely. Without it, these modern transfer methods simply wouldn’t work.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	Shyampur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3954
Branch Address	Shyampur, Samastipur, 848209, 9955997861
Contact Number	9955997861
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848209
State	Bihar

Merger Update for Regional Rural Banks

You might be aware that several regional rural banks in Bihar have undergone mergers to streamline their operations and provide better services. Specifically, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), along with other regional rural banks, have been consolidated. As part of this process, the Bihar Gramin Bank now operates under a unified structure with Punjab National Bank (PNB) as its sponsor bank.

This means that for the Shyampur branch, and many others, a new, single IFSC code PUNB0MBGB06 has been issued. It is crucial to understand that any old IFSC codes previously used for Uttar Bihar Gramin Bank, Dakshin Bihar Gramin Bank, or other predecessor regional rural banks are now revoked and no longer valid. For all your digital fund transfers, including NEFT, RTGS, and IMPS, you must use the new code PUNB0MBGB06 to ensure your transactions are successful.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code used to identify bank branches participating in electronic fund transfers. Think of it as a unique digital fingerprint for each branch. This code helps the banking system direct your money to the exact branch you intend.

The structure of the IFSC code is straightforward:

• The first four characters identify the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” points to the Shyampur branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using an IFSC code for electronic fund transfers is a standard part of modern banking. Here’s how it generally works for different types of transactions:

• For NEFT (National Electronic Funds Transfer):

  NEFT is used for transferring funds between banks on a deferred net settlement basis, meaning transactions are processed in batches. When initiating an NEFT transfer through online banking or a mobile app, you will typically need to provide:

  • The beneficiary’s bank name (e.g., Bihar Gramin Bank)
  • The beneficiary’s branch name (e.g., Shyampur)
  • The beneficiary’s account number
  • The beneficiary’s account type (e.g., Savings, Current)
  • The beneficiary’s name
  • The IFSC code of the beneficiary’s branch (PUNB0MBGB06 for Shyampur)

  The system uses the IFSC code to correctly route your payment.

• For RTGS (Real Time Gross Settlement):

  RTGS is designed for large-value transactions that need to be processed immediately on a “real-time” and “gross” basis. This means each transaction is settled individually as it happens. The information required is similar to NEFT:

  • Beneficiary’s bank and branch details
  • Beneficiary’s account number and type
  • Beneficiary’s name
  • The IFSC code of the beneficiary’s branch (PUNB0MBGB06)

  The IFSC is vital for direct, instant routing of these high-value transfers.

• For IMPS (Immediate Payment Service):

  IMPS allows for instant, 24/7 interbank electronic fund transfers. It’s often used for smaller, quick payments. You can use IMPS with either the beneficiary’s account number and IFSC, or their mobile number and MMID (Mobile Money Identifier). If you opt for the account number method:

  • Beneficiary’s account number
  • The IFSC code of the beneficiary’s branch (PUNB0MBGB06)
  • Beneficiary’s name

  The IFSC ensures the immediate transfer reaches the correct bank and branch.

Benefits of Knowing the IFSC Code

Having the correct IFSC code handy offers several advantages:

• Fast Transfers: It enables quick and efficient electronic fund transfers via NEFT, RTGS, and IMPS.
• Accuracy: Ensures your money goes to the correct bank branch, preventing delays or misdirected funds.
• Convenience: Makes online and mobile banking transactions seamless and hassle-free.
• Security: Adds an extra layer of verification, making your financial transactions more secure.
• Mandatory for Digital Payments: It is a compulsory detail for setting up most digital payment methods, like linking bank accounts to UPI.

Contact Information

For any queries or assistance related to the Shyampur branch or Bihar Gramin Bank services, you can use the following contact details:

• Branch Phone Number: 9955997861
• Branch Address: Shyampur, Samastipur, 848209, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

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

Q1: Is the IFSC code PUNB0MBGB06 valid for all transactions at Bihar Gramin Bank, Shyampur?
A1: Yes, PUNB0MBGB06 is the current and only valid IFSC code for the Bihar Gramin Bank, Shyampur branch, for all electronic fund transfers like NEFT, RTGS, and IMPS.

Q2: What should I do if I used an old IFSC code for a transaction?
A2: If you used an old, invalid IFSC code, your transaction will likely fail and the funds will be returned to your account. You will need to initiate the transaction again using the correct, current IFSC code: PUNB0MBGB06.

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 chequebook. However, always double-check against official bank sources, especially after mergers or changes, to ensure you have the most current code.

Q4: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A4: No, each branch of Bihar Gramin Bank has a unique IFSC code. While the first few characters (PUNB0MBG) might be common to branches under the same regional entity, the last six characters will be different for each specific branch.

Q5: Why is the IFSC code starting with “PUNB”?
A5: The IFSC code starts with “PUNB” because Punjab National Bank is the sponsor bank for Bihar Gramin Bank after the merger and consolidation of regional rural banks in Bihar. This indicates the primary bank through which these transactions are routed.