Bihar Gramin Bank Satuan IFSC Code

If you’re looking to send or receive funds digitally in Satuan, Saran, Bihar, understanding your bank’s IFSC code is crucial. For the Bihar Gramin Bank branch located in Satuan, this unique code makes sure your money goes to the right place quickly and securely. It’s essential for modern banking methods like NEFT, RTGS, and IMPS, allowing for smooth electronic transfers.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Satuan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100596
Branch Address	Satuan, SARAN, 841206, 9297955280
Contact Number	9297955280
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841206
State	Bihar

Merger Update

The Bihar Gramin Bank, under which the Satuan branch operates, is part of a network of Regional Rural Banks (RRBs) sponsored by Punjab National Bank. The specific IFSC code, PUNB0MBGB06, indicates that this branch functions under the system of Madhya Bihar Gramin Bank, which is also a prominent RRB sponsored by Punjab National Bank. This reflects a broader initiative to consolidate and standardize the IFSC codes for various regional rural banks under their sponsoring national banks.

For instance, previously separate entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have undergone mergers. These consolidations have led to the adoption of unified IFSC codes under the umbrella of their sponsoring banks, such as Punjab National Bank. This means that if any older codes for previous regional banks were in use, they are now revoked. For any transactions involving the Satuan branch of Bihar Gramin Bank, PUNB0MBGB06 is the only valid IFSC code. Always use this code to ensure your electronic fund transfers are processed correctly.

What is IFSC Code?

The IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code. It’s unique to each bank branch in India. This code acts like a digital address, helping to identify the exact bank and branch for online money transfers. Here’s how the 11 characters are structured:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always ‘0’ (zero). This is a control character reserved for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” points to the specific branch within the Madhya Bihar Gramin Bank system.

This precise structure ensures that every digital transaction reaches its intended destination without errors.

How to Use IFSC Code

You’ll need the IFSC code whenever you perform an online fund transfer. Here’s how it’s used for different transaction types:

• NEFT (National Electronic Funds Transfer): This system allows you to transfer money from one bank account to another across India. When initiating an NEFT transaction, you’ll enter the beneficiary’s bank name, account number, account holder’s name, and the critical IFSC code. The funds are usually processed in batches, making it a reliable option for non-urgent transfers.
• RTGS (Real Time Gross Settlement): RTGS is for large value transactions, typically Rs. 2 lakh and above. As the name suggests, funds are transferred in real-time, meaning the transaction is processed individually and immediately. Similar to NEFT, you will need the beneficiary’s bank name, account details, and the correct IFSC code to complete an RTGS transfer.
• IMPS (Immediate Payment Service): IMPS offers instant 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent payments and can be done through mobile banking apps or internet banking. For an IMPS transaction, you’ll input the beneficiary’s mobile number (if linked to their bank account) or their account number, along with the IFSC code, to ensure immediate credit.

In all these methods, the IFSC code is a mandatory field that ensures your money reaches the precise branch you intend.

Benefits of Knowing Your IFSC Code

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

• Facilitates Online Transfers: It’s essential for sending and receiving money digitally through NEFT, RTGS, and IMPS.
• Ensures Accuracy: The unique code prevents errors by directing funds to the exact bank and branch.
• Speeds Up Transactions: Correct IFSC codes help process electronic transfers quickly and efficiently.
• Required for Bill Payments: Many online bill payment services and e-commerce platforms ask for IFSC for direct bank transfers.
• Safe and Secure: It adds a layer of security by making sure funds are routed through verified banking channels.

Contact Section

If you need to get in touch with the Bihar Gramin Bank Satuan branch or the head office, here are the details:

• Branch Phone Number: 9297955280
• Branch Address: Satuan, SARAN, 841206
• Head Office Address (Madhya Bihar Gramin Bank – sponsoring bank system): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank – sponsoring bank): 18001807777

FAQs

Q1: Why is the IFSC code PUNB0MBGB06 used for Bihar Gramin Bank Satuan?
A1: The Satuan branch of Bihar Gramin Bank operates under the system of Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank. The IFSC code PUNB0MBGB06 signifies this alignment, ensuring standardized and efficient electronic transactions across this network of regional rural banks.

Q2: Can I use an old IFSC code if I still have it for a previous regional rural bank?
A2: No, it is crucial to use only the current and valid IFSC code. Due to mergers and consolidations among regional rural banks, old IFSC codes from predecessor banks are typically revoked and will not work for transactions. Always use PUNB0MBGB06 for the Satuan branch.

Q3: What happens if I enter the wrong IFSC code during a transaction?
A3: If you enter an incorrect IFSC code, your transaction will likely fail. The banking system relies on this code to route funds correctly. If by chance a wrong but valid code is used, your money could be transferred to a different account or branch, causing significant delays and complications to retrieve it.

Q4: Is the fifth character of an IFSC code always ‘0’ (zero)?
A4: Yes, the fifth character in any Indian Financial System Code (IFSC) is always ‘0’ (zero). This character is reserved for future use and helps maintain the standard structure of the code.

Q5: How can I verify the correct IFSC code for a bank branch?
A5: You can verify an IFSC code through several reliable methods: check the bank’s official website, consult your passbook or cheque book (it’s usually printed there), or use online IFSC lookup tools provided by reputable financial websites. It’s always best to cross-check before making any significant transfers.