Bihar Gramin Bank Kohara IFSC Code

This article provides essential information about the Bihar Gramin Bank branch located in Kohara, Saran District, Bihar. Knowing the Indian Financial System Code (IFSC) is crucial for anyone looking to make electronic fund transfers within India. Whether you’re sending money via National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the correct IFSC code ensures your funds are directed accurately and securely to the intended recipient’s bank and branch. It acts as a unique identifier for every bank branch participating in these interbank transactions.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Kohara
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100600
Branch Address	Kohara, SARAN, 841415, 9297955242
Contact Number	9297955242
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841415
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two significant regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation brought both banks under the sponsorship of Punjab National Bank (PNB). As a result of this merger, all branches of the erstwhile UBGB and DBGB now operate under the unified Bihar Gramin Bank. Consequently, a single, standardized IFSC code system has been adopted for all branches, beginning with PUNB0MBGB.

It is vital to understand that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are *no longer valid* for conducting electronic fund transfers. For any transactions involving a Bihar Gramin Bank branch, including the Kohara branch, you must use the new, consolidated IFSC code, which is PUNB0MBGB06. Using an outdated code will lead to failed transactions.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers in India. It is essential for accurate routing of funds. The structure of the IFSC code is standardized:

• The first four characters represent the bank name. In the case of Bihar Gramin Bank, since it is sponsored by Punjab National Bank, these characters are PUNB.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control character.
• The last six characters uniquely identify the specific bank branch. For the Kohara branch, these characters are MBGB06.

So, for the Kohara branch, PUNB0MBGB06 breaks down as:

• PUNB: Identifies Punjab National Bank (the sponsoring bank).
• 0: The control character.
• MBGB06: Uniquely identifies the Kohara branch of Bihar Gramin Bank.

How to Use IFSC Code

When you need to transfer money electronically using services like NEFT, RTGS, or IMPS, the IFSC code is a mandatory piece of information. Here’s a general guide on how to use it:

1. Add Beneficiary: Before making a transfer, you usually need to add the recipient (beneficiary) to your online banking portal or mobile banking app.
2. Enter Beneficiary Details: You will be asked to provide details such as the beneficiary’s full name, account number, bank name, and the crucial 11-character IFSC code.
3. Verify Details: Double-check all entered information, especially the account number and IFSC code, to prevent errors that could lead to funds being sent to the wrong account.
4. Initiate Transfer: Once the beneficiary is added and verified, you can select the beneficiary, enter the amount you wish to transfer, and choose the transfer method (NEFT, RTGS, or IMPS).

Specifics for transfer methods:

• NEFT (National Electronic Funds Transfer): Processes funds in batches during specific hours. It’s suitable for smaller to medium amounts.
• RTGS (Real Time Gross Settlement): Designed for large value transactions (typically 2 lakh rupees and above). Transfers are processed individually and in real-time.
• IMPS (Immediate Payment Service): Allows instant, 24/7 fund transfers, even on holidays. It’s ideal for immediate, smaller value transfers.

In all these methods, the correct IFSC code ensures that your bank’s system can correctly identify the recipient’s bank and branch, facilitating a smooth and accurate transfer.

Benefits

Knowing the correct IFSC code for Bihar Gramin Bank, Kohara branch, offers several benefits:

• Accurate Fund Transfers: Ensures your money reaches the exact bank branch you intend, minimizing the risk of misdirected funds.
• Mandatory for Online Banking: It’s a required piece of information for all NEFT, RTGS, and IMPS transactions, making online money transfers possible.
• Faster Processing: Helps banks quickly identify the destination branch, leading to quicker processing of electronic transactions.
• Prevents Errors: Using the correct IFSC code, along with the account number, forms a robust system to prevent transfer errors.
• Security: Contributes to the overall security framework of electronic banking by uniquely identifying each branch.

Contact Section

• Bihar Gramin Bank, Kohara Branch Phone Number: 9297955242
• Bihar Gramin Bank, Kohara Branch Address: Kohara, SARAN, 841415, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank Kohara branch IFSC code:

Q1: What is the IFSC code for Bihar Gramin Bank, Kohara branch?

A1: The IFSC code for Bihar Gramin Bank, Kohara branch, is PUNB0MBGB06.

Q2: Is the old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code still valid for transfers?

A2: No. Due to the merger, all old IFSC codes for UBGB and DBGB branches have been revoked. You must use the new consolidated IFSC code, PUNB0MBGB06, for any transactions with Bihar Gramin Bank, Kohara branch.

Q3: Why is the fifth character of the IFSC code always zero?

A3: The fifth character is a control digit, always set to zero. It’s reserved for future use by the Reserve Bank of India (RBI) and helps in standardizing the IFSC code structure.

Q4: Can I use this IFSC code for international money transfers?

A4: No, IFSC codes are for domestic (within India) electronic fund transfers only. For international transfers, you would typically need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code or BIC (Bank Identifier Code).

Q5: What should I do if my online transfer fails due to an incorrect IFSC code?

A5: If your transfer fails, it’s often due to incorrect beneficiary details, including the IFSC code. Double-check the IFSC code, account number, and beneficiary name. You can re-initiate the transfer with the corrected details. If issues persist, contact your bank’s customer service or the Bihar Gramin Bank customer care at the provided toll-free number.