Bihar Gramin Bank Sakardih IFSC Code

The Sakardih branch of Bihar Gramin Bank is located in the SARAN district of Bihar, with Pincode 841414. When you need to send or receive money electronically, especially through services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a unique code called the IFSC (Indian Financial System Code) becomes essential. This code ensures your money reaches the correct bank and branch without any errors, making your financial transactions smooth and secure.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Sakardih
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100605
Branch Address	Sakardih, SARAN, 841414, 9297955281
Contact Number	9297955281
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841414
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank, under which the Sakardih branch operates, is the result of a significant merger. Previously, there were two distinct regional rural banks in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have now merged to form a single entity, Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank, which is reflected in its IFSC codes.

Due to this merger, all previous IFSC codes belonging to Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. They are no longer valid for any electronic fund transfers. For any transaction to or from the Sakardih branch of Bihar Gramin Bank, or any other branch of this merged entity, you must use the new, consolidated IFSC code: PUNB0MBGB06. Using an old or incorrect IFSC code will lead to transaction failures.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify all bank branches participating in electronic funds transfer systems in India. It’s crucial for online banking transactions like NEFT, RTGS, and IMPS. Think of it as a unique digital address for a specific bank branch.

The 11 characters of the IFSC code follow a specific structure:

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

How to Use the IFSC Code

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

1. For NEFT (National Electronic Funds Transfer): This system allows you to transfer money from one bank account to another across India.
   • Log in to your bank’s online banking portal or mobile app.
   • Go to the ‘Fund Transfer’ or ‘Payments’ section.
   • Select ‘NEFT’ as the transfer type.
   • Add the beneficiary (the person you’re sending money to) if you haven’t already. You’ll need their bank name (Bihar Gramin Bank), branch name (Sakardih), account number, account holder’s name, and the IFSC code (PUNB0MBGB06).
   • Enter the amount and confirm the transaction.
2. For RTGS (Real Time Gross Settlement): RTGS is for high-value transactions, typically above ₹2,00,000, processed in real-time. The steps are similar to NEFT.
   • Access your online banking or mobile app.
   • Choose ‘RTGS’ for the fund transfer.
   • Provide the beneficiary’s details, including their bank name, branch name, account number, name, and the correct IFSC code (PUNB0MBGB06).
   • Input the amount (minimum ₹2,00,000) and complete the transfer.
3. For IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays.
   • Log in to your bank’s mobile banking app or internet banking.
   • Select ‘IMPS’ as the transfer option.
   • Enter the beneficiary’s details: their bank name, account number, and the IFSC code (PUNB0MBGB06). Sometimes, you might use their mobile number and MMID instead.
   • Specify the amount and finalize the transaction.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code for the Sakardih branch of Bihar Gramin Bank offers several key advantages:

• Seamless Fund Transfers: It ensures that money sent through NEFT, RTGS, or IMPS reaches the intended recipient’s account at the specific Sakardih branch without delays.
• Error Prevention: Using the precise IFSC code minimizes the risk of transferring funds to the wrong bank or branch, preventing potential financial losses and the hassle of recovering misplaced funds.
• Security: The unique code adds a layer of security to electronic transactions by accurately identifying the destination branch.
• Faster Processing: Correct IFSC details allow automated systems to process transfers quickly, especially for real-time services like IMPS and RTGS.
• Convenience: It simplifies the process of receiving payments from others, as you can easily provide them with the necessary information for direct deposits into your Sakardih account.

Contact Information

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

• Branch Phone Number: 9297955281
• Branch Address: Sakardih, SARAN, 841414, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all branches of Bihar Gramin Bank?

A1: No, the IFSC code PUNB0MBGB06 is specific to the Sakardih branch. While the first four characters “PUNB” and the fifth character “0” are common across Bihar Gramin Bank branches, the last six characters (MBGB06) identify the Sakardih branch uniquely. Each branch of Bihar Gramin Bank will have a different last six characters in its IFSC code.

Q2: What should I do if my online transaction fails due to an incorrect IFSC code?

A2: If your transaction fails because of an incorrect IFSC code, the money is typically reversed to your account within a few hours or, in some cases, up to 2-3 business days. You should recheck the beneficiary’s IFSC code and account details carefully and try the transaction again. If the issue persists, contact your bank’s customer support.

Q3: Can I find the IFSC code on my passbook or chequebook?

A3: Yes, the IFSC code is usually printed on the first page of your bank passbook and on individual cheque leaves. It’s often found near the bank name and branch address. Always cross-verify with reliable sources if you have doubts.

Q4: What is the difference between IFSC and MICR code?

A4: The IFSC (Indian Financial System Code) is an 11-character code used for online fund transfers like NEFT, RTGS, and IMPS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code primarily used for processing cheques. It identifies the bank, city, and branch for cheque clearing purposes. For the Sakardih branch, the MICR code is 800811002.

Q5: What if I need to transfer funds to a Bihar Gramin Bank branch that was formerly Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?

A5: Following the merger, all old IFSC codes of UBGB and DBGB are invalid. For any branch that was formerly part of these banks, you must use the new IFSC code assigned under Bihar Gramin Bank, which will start with “PUNB0” followed by six characters specific to that branch. Always confirm the new IFSC code with the branch or the bank’s official website before making a transfer.