Bihar Gramin Bank Shitalpur I IFSC Code

In Shitalpur I, a vibrant locality within the SARAN district of Bihar, reliable banking services are crucial for daily life and business. The Bihar Gramin Bank branch here serves many residents and businesses. When you need to transfer funds electronically, whether for family support, business payments, or online purchases, an Indian Financial System Code (IFSC) is always required. This unique code ensures your money reaches the correct bank and branch quickly and securely through systems like NEFT, RTGS, and IMPS.

Branch Details

Here are the essential details for the Bihar Gramin Bank branch in Shitalpur I:

Bank Name	Bihar Gramin Bank
Branch Name	Shitalpur I
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100579
Branch Address	Shitalpur I, SARAN, 841208, 9297955283
Contact Number	9297955283
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841208
State	Bihar

Merger Update for Bihar Gramin Bank

It is important to understand the history behind the current IFSC code. Previously, there were two separate regional rural banks in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form a single entity: Bihar Gramin Bank.

This merger means that all banking operations, including the IFSC codes, have been streamlined under the new identity. Bihar Gramin Bank is sponsored by Punjab National Bank. Because of this sponsorship, all new IFSC codes for Bihar Gramin Bank branches, including Shitalpur I, now begin with PUNB0. The current IFSC code for Shitalpur I branch is PUNB0MBGB06.

If you previously used an IFSC code belonging to Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), please note that these old codes are no longer valid for transactions. You must use only the new IFSC code PUNB0MBGB06 for any fund transfers to or from the Bihar Gramin Bank, Shitalpur I branch. Using an outdated code will result in transaction failure.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code. It’s like a unique digital address for every bank branch in India. The structure is always the same:

• The first four characters represent the bank name. For Bihar Gramin Bank, since it is sponsored by Punjab National Bank, these characters are ‘PUNB’.
• The fifth character is always ‘0’ (zero). This is a control character kept for future use.
• The last six characters identify the specific branch. For the Shitalpur I branch, these are ‘MBGB06’.

So, PUNB0MBGB06 breaks down as: Punjab National Bank (PUNB), zero (0), and Shitalpur I branch (MBGB06) under the Bihar Gramin Bank network.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re setting up an online money transfer. Here’s how it generally works for different types of transactions:

For NEFT (National Electronic Funds Transfer)

NEFT is a popular system for transferring money between banks. It processes transactions in batches throughout the day.

1. Log in to your net banking or mobile banking app.
2. Select the ‘Funds Transfer’ option.
3. Choose ‘NEFT’.
4. Add a new beneficiary (the person you’re sending money to) if you haven’t already. You’ll need their bank account number, account holder’s name, and the IFSC code (PUNB0MBGB06 for Shitalpur I).
5. Enter the amount you wish to transfer.
6. Confirm the details and complete the transaction.

For RTGS (Real-Time Gross Settlement)

RTGS is designed for large-value transactions, where funds are transferred individually and in real time.

1. Access your net banking portal.
2. Go to the ‘Funds Transfer’ section.
3. Select ‘RTGS’.
4. Provide the beneficiary’s details: name, bank account number, and the correct IFSC code (PUNB0MBGB06).
5. Input the transfer amount. RTGS usually has a minimum transfer limit, often ₹2,00,000.
6. Verify all information carefully and authorize the transfer.

For IMPS (Immediate Payment Service)

IMPS allows for instant, 24/7 fund transfers, even on holidays, using mobile phones or internet banking.

1. Open your mobile banking app or net banking platform.
2. Select ‘IMPS’ as the transfer method.
3. Enter the beneficiary’s account number and the IFSC code (PUNB0MBGB06). Alternatively, you might use their mobile number and MMID (Mobile Money Identifier).
4. Specify the amount to be sent.
5. Review the details for accuracy and confirm the payment. The money will typically be credited to the recipient’s account within seconds.

Benefits of Knowing Your IFSC Code

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

• Accuracy in Transfers: It ensures your funds are directed to the exact intended branch, preventing misdirection or delays.
• Faster Processing: Correct IFSC codes help electronic fund transfer systems (NEFT, RTGS, IMPS) process transactions quickly and efficiently.
• Security: The unique code adds a layer of security, as it precisely identifies the destination bank and branch, reducing errors in financial transactions.
• Convenience: With the IFSC, you can easily set up beneficiaries for online transfers and manage your banking from anywhere.
• Essential for Online Banking: It’s a mandatory piece of information for almost all online banking transactions involving fund transfers to other banks.

Contact Information

Should you need to reach out to the Bihar Gramin Bank Shitalpur I branch or the head office, here are the contact details:

• Branch Phone Number: 9297955283
• Branch Address: Shitalpur I, SARAN, 841208, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What happens if I use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code for a transaction to Shitalpur I?

A1: If you use an old or revoked IFSC code, your transaction will fail. The banking system will not recognize the code as valid for the current Bihar Gramin Bank, Shitalpur I branch. It is essential to always use the new and correct IFSC code, PUNB0MBGB06.

Q2: Is Bihar Gramin Bank a government bank?

A2: Bihar Gramin Bank is a Regional Rural Bank (RRB). These banks are financial institutions established by the Government of India to provide banking and financial services in rural areas. They are sponsored by public sector banks, in this case, Punjab National Bank. So, while it serves a specific rural purpose, it operates under government regulations and sponsorship.

Q3: Where can I find the IFSC code for my Bihar Gramin Bank branch?

A3: You can typically find your branch’s IFSC code on your bank passbook or cheque book. It is also available on the bank’s official website, through your net banking portal, or by contacting the branch directly. For Shitalpur I, it’s PUNB0MBGB06.

Q4: What is the main difference between NEFT and RTGS?

A4: The primary differences lie in the processing time and minimum transaction amount. NEFT processes transactions in batches during specific hours and has no minimum limit. RTGS, on the other hand, processes individual transactions in real-time and is typically used for larger amounts, usually with a minimum transfer of ₹2,00,000.

Q5: Is it safe to share my IFSC code with others?

A5: Yes, it is generally safe to share your IFSC code. It is publicly available information that identifies your bank and branch for fund transfers. An IFSC code alone cannot be used to access your bank account or withdraw money. However, you should always be cautious about sharing your bank account number and other personal details, especially with unverified sources.