Bihar Gramin Bank Barka Bania IFSC Code

The Bihar Gramin Bank branch in Barka Bania, located in the Saran district of Bihar, plays a vital role in the financial lives of local residents. When you need to send or receive money electronically, especially through systems like NEFT, RTGS, or IMPS, an IFSC code is essential. This unique code makes sure your funds reach the correct bank and branch without any errors. It acts like a digital address for the specific bank branch involved in your transaction.

Branch Details

Here are the key details for the Barka Bania branch of Bihar Gramin Bank:

Bank Name	Bihar Gramin Bank
Branch Name	Barka Bania
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100564
Branch Address	Barka Bania, SARAN, 841219
Contact Number	9297955198
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841219
State	Bihar

Merger Update

The banking landscape for Regional Rural Banks in Bihar has seen significant changes. The Bihar Gramin Bank, under which the Barka Bania branch operates, is sponsored by Punjab National Bank. For branches that were previously part of entities like Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) – which have since undergone mergers – the unified system now applies.

This means that all such branches now operate under a single, standardized IFSC code structure. The IFSC code for Barka Bania branch, PUNB0MBGB06, reflects this change. It begins with “PUNB0” because Punjab National Bank is the sponsoring bank. It is important to know that any old IFSC codes, particularly those associated with the former UBGB, have been revoked and are no longer valid for transactions. Always use the current IFSC code, PUNB0MBGB06, for all your financial transfers involving this branch.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character code assigned by the Reserve Bank of India (RBI) to identify individual bank branches participating in electronic funds transfer systems. It is unique for each branch and helps route transactions correctly.

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank (the sponsoring bank for Bihar Gramin Bank).
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between older and newer IFSC formats.
• The last six characters identify the specific branch. For the Barka Bania branch, these are “MBGB06”.

How to Use an IFSC Code

Using an IFSC code correctly is vital for successful electronic fund transfers. Here’s how you typically use it for NEFT, RTGS, and IMPS:

1. Gather Recipient Details: You will need the recipient’s full name, account number, bank name, branch name, and the correct IFSC code.
2. Log In: Access your online banking portal or mobile banking app.
3. Select Transfer Type: Choose the type of transfer you want to make:
   • NEFT (National Electronic Funds Transfer): This system processes transfers in batches at specific times. It’s suitable for non-urgent transfers.
   • RTGS (Real Time Gross Settlement): This is for large-value, immediate transfers. Funds are processed individually and in real time.
   • IMPS (Immediate Payment Service): This allows instant, 24/7 transfers, even on holidays, for smaller amounts.
4. Add Beneficiary (if new): If you haven’t sent money to this account before, you will need to add them as a new beneficiary. This usually involves entering their name, account number, and the IFSC code. Some banks might have a waiting period for new beneficiaries.
5. Initiate Transfer: Select the beneficiary, enter the amount you wish to send, and confirm the details. The system will use the IFSC code to direct the funds to the correct bank and branch.
6. Verify and Confirm: Always double-check all details, especially the account number and IFSC code, before confirming the transaction. An incorrect IFSC or account number can lead to funds being sent to the wrong person, or the transaction failing.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code readily available offers several advantages:

• Accurate Fund Transfers: It ensures your money reaches the intended recipient’s specific bank branch without any routing issues.
• Faster Processing: Correct IFSC codes help speed up the electronic transfer process, whether it’s NEFT, RTGS, or IMPS.
• Error Prevention: Reduces the chances of failed transactions or funds being sent to an incorrect destination.
• Convenience: Essential for setting up recurring payments, receiving salaries, or performing any online financial transaction.
• Security: Helps maintain the integrity of the banking system by uniquely identifying each branch involved in a transaction.

Contact Information

If you need to get in touch with the Barka Bania branch or the bank’s main office, here are the details:

• Branch Phone Number: 9297955198
• Branch Address: Barka Bania, SARAN, 841219, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and banking:

Q1: Is an IFSC code required for all types of fund transfers?
A1: Yes, an IFSC code is mandatory for all electronic fund transfers within India, including NEFT, RTGS, and IMPS. It is not usually needed for cash deposits or withdrawals directly at a branch.

Q2: What happens if I use an incorrect IFSC code during a transfer?
A2: If the IFSC code is incorrect, the transaction will likely fail and the funds will not be debited from your account or will be reversed within a short period. In some rare cases, if the incorrect IFSC code corresponds to another active branch and the account number also matches a valid account there, funds could be misdirected. Always verify the code carefully.

Q3: How can I find the IFSC code for any bank branch?
A3: You can find an IFSC code on your bank’s chequebook, passbook, or statement. It’s also available on the bank’s official website, through mobile banking apps, or on the Reserve Bank of India (RBI) website.

Q4: Is the Barka Bania branch of Bihar Gramin Bank active and fully operational?
A4: Yes, the Barka Bania branch of Bihar Gramin Bank, identified by its IFSC code PUNB0MBGB06, is an active and operational branch. It offers all standard banking services, including electronic fund transfers.

Q5: What does “MBGB” in the IFSC code PUNB0MBGB06 stand for?
A5: The “MBGB” typically refers to “Madhya Bihar Gramin Bank.” After mergers, Bihar Gramin Bank, sponsored by Punjab National Bank, now uses this structure for many of its branches to reflect its origins and the sponsoring bank.