Bihar Gramin Bank Inai IFSC Code

If you’re looking to transfer funds to or from the Bihar Gramin Bank branch in Inai, Saran, Bihar, understanding its Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address, ensuring your money goes to the correct bank and branch. Whether you’re using National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the IFSC code is a required piece of information that makes these transactions smooth and secure.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	Inai
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100594
Branch Address	Inai, SARAN, 841209
Contact Number	9297955230
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841209
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). Historically, there were other Gramin Banks in the region like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These banks have undergone mergers and reorganizations over time. Currently, Bihar Gramin Bank operates with a unified structure, and its IFSC codes, like PUNB0MBGB06 for the Inai branch, reflect its sponsorship by Punjab National Bank.

It is very important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now invalid. For any transactions with Bihar Gramin Bank, including the Inai branch, you must use the updated IFSC code starting with PUNB0MBGB06. Using an old or incorrect code will cause your transaction to fail.

What is an IFSC Code?

An IFSC code is an 11-character alpha-numeric code used to identify all bank branches participating in electronic funds transfers. Think of it as a unique identifier for each specific branch.

The code structure is straightforward:

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific bank branch. In our case, “MBGB06” uniquely points to the Inai branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using the IFSC code is a standard part of initiating electronic fund transfers:

1. Gather Details: Before you start, you’ll need the recipient’s full name, account number, bank name (Bihar Gramin Bank), branch name (Inai), and the correct IFSC code (PUNB0MBGB06).
2. Log In: Access your internet banking portal or mobile banking app.
3. Select Transfer Type: Choose the type of transfer you want to make – NEFT, RTGS, or IMPS.
4. Add Beneficiary: If you haven’t transferred to this person before, you’ll need to add them as a new beneficiary. This involves entering their account number, name, and the IFSC code. The system will often auto-fill the bank and branch name once you enter the IFSC.
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm: Review all the details carefully, especially the account number and IFSC code, before confirming the transaction. A small error can lead to funds being sent to the wrong account or the transaction being rejected.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, Inai, offers several key advantages:

• Ensures Accuracy: It directs your money to the exact branch, preventing misdirection of funds.
• Facilitates Fast Transfers: Essential for quick NEFT, RTGS, and IMPS transactions, which rely heavily on this code.
• Required for Online Banking: You cannot perform online fund transfers without a valid IFSC code.
• Saves Time: Avoids delays or failed transactions that result from incorrect branch identification.
• Supports Different Platforms: Used across various banking apps, UPI platforms, and internet banking portals.

Contact Information

If you need to get in touch with the bank, here are the relevant contact details:

• Inai Branch Phone Number: 9297955230
• Inai Branch Address: Inai, SARAN, 841209, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank Customer Care, for Bihar Gramin Bank related queries): 18001807777

FAQs

Here are some common questions about IFSC codes:

Q1: What happens if I use an old or incorrect IFSC code?
A1: If you use an old or incorrect IFSC code, your transaction will likely fail. The funds will either not be debited from your account or will be reversed within a few hours or days. It’s always best to verify the IFSC code before initiating a transfer to avoid delays.

Q2: Is the IFSC code the same as the MICR code?
A2: No, they are different. The IFSC code (Indian Financial System Code) is used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR code (Magnetic Ink Character Recognition) is an 9-digit code primarily used for processing physical cheques. While both identify a bank branch, their purposes are distinct.

Q3: Can I find the IFSC code offline?
A3: Yes, you can usually find the IFSC code printed on your cheque book. It is often located near the bank’s address or on the top left corner of the cheque leaf. You can also visit the bank branch directly and ask for the code.

Q4: How long does it take for a fund transfer using an IFSC code?
A4: The transfer time depends on the service used. IMPS transfers are almost instant, 24/7. NEFT transactions are processed in batches, typically clearing within a few hours during banking hours. RTGS transfers are for large amounts and are usually processed in real-time within banking hours.

Q5: Do I need the IFSC code for cash deposits?
A5: No, you do not need the IFSC code for cash deposits made directly at the bank counter. The IFSC code is specifically required for electronic fund transfers to identify the beneficiary’s bank and branch digitally.