Bihar Gramin Bank Saraiya IFSC Code

The Bihar Gramin Bank branch in Saraiya, located in the Saran district of Bihar, is an important banking hub for the local community. For anyone needing to transfer funds electronically, understanding the Indian Financial System Code, or IFSC, is essential. This unique code is crucial for secure and efficient transactions through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Branch Details

Here are the key details for the Bihar Gramin Bank Saraiya branch:

Bank Name	Bihar Gramin Bank
Branch Name	Saraiya
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100584
Branch Address	Saraiya, SARAN, 841403, 9297955277
Contact Number	9297955277
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841403
State	Bihar

Merger Update

It is important to note a significant change regarding the Bihar Gramin Bank. This bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, Bihar Gramin Bank is now sponsored by Punjab National Bank (PNB). All branches, including Saraiya, now operate under a unified system. As a result, all old IFSC codes belonging to UBGB and DBGB have been revoked and are no longer valid for transactions. For any fund transfers, only the new IFSC code, PUNB0MBGB06, is to be used. Using an old or incorrect IFSC code will lead to transaction failure.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. This code helps the Reserve Bank of India (RBI) direct funds to the correct bank and branch. Here’s how it’s structured:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In this case, “MBGB06” identifies a particular branch of Bihar Gramin Bank.

How to Use the IFSC Code

Using the IFSC code is simple when you are making an electronic fund transfer. Whether you are using online banking, a mobile app, or visiting a bank branch, the process generally involves these steps:

1. Log in: Access your internet banking portal or mobile banking application.
2. Select Transfer Option: Choose options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary: If you are sending money to someone for the first time, you will need to add them as a beneficiary. This usually requires their name, account number, account type (savings or current), and the bank’s IFSC code.
4. Enter IFSC Code: Input the correct IFSC code, which is PUNB0MBGB06 for the Bihar Gramin Bank Saraiya branch.
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm Details: Double-check all the details, especially the account number and IFSC code, to ensure accuracy before confirming the transaction.

For transfers like NEFT and RTGS, banks process transactions in batches or at specific intervals. IMPS transfers are immediate.

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 intended recipient’s bank account safely and without delay.
• Faster Transactions: Correct IFSC codes facilitate quick processing of NEFT, RTGS, and IMPS transactions.
• Prevents Errors: Using the right code avoids transaction failures or funds being sent to an incorrect account.
• Online Banking Convenience: It is essential for setting up beneficiaries and performing online transfers from the comfort of your home.
• Security: The unique identification helps maintain the integrity and security of the banking system.

Contact Information

For inquiries related to the Saraiya branch or Bihar Gramin Bank, you can use the following contact details:

• Saraiya Branch Phone Number: 9297955277
• Saraiya Branch Address: Saraiya, SARAN, 841403, BIHAR
• Bihar Gramin Bank 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 IFSC code for Bihar Gramin Bank?
A1: If you use an old or revoked IFSC code (from UBGB or DBGB), your transaction will likely fail. The funds will not be transferred, and you will receive an error message or the transaction will be reversed to your account.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A2: No, each branch of Bihar Gramin Bank has a unique IFSC code. While the first five characters (PUNB0) are common, the last six characters are specific to each individual branch.

Q3: Can I find the IFSC code on my passbook or cheque book?
A3: Yes, the IFSC code is typically printed on your bank passbook and on the top part of your cheque book leaf. You can also find it on the bank’s official website or by contacting your branch.

Q4: Is the IFSC code required for all types of bank transactions?
A4: The IFSC code is specifically required for electronic fund transfers like NEFT, RTGS, and IMPS. It is not needed for cash deposits, withdrawals, or transfers within the same bank using only an account number.

Q5: What is the difference between an IFSC code and a MICR code?
A5: An IFSC code is an 11-character alphanumeric code used for electronic fund transfers across different banks. A MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code, usually found at the bottom of a cheque leaf. It helps in processing paper cheques faster.