Bihar Gramin Bank Turki Panapur IFSC Code

This article will help you understand the Indian Financial System Code (IFSC) for the Bihar Gramin Bank branch located in Turki Panapur, Saran district, Bihar. Knowing the correct IFSC code is essential for smoothly transferring funds through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It ensures your money reaches the right bank and branch account quickly and securely.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	Turki Panapur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100609
Branch Address	Turki Panapur, SARAN, 841216
Contact Number	9297955289
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841216
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks are now sponsored by Punjab National Bank (PNB). This means that all IFSC codes for Bihar Gramin Bank branches, including Turki Panapur, now begin with “PUNB0” to reflect PNB’s sponsorship.

For the Turki Panapur branch, the current and valid IFSC code is PUNB0MBGB06. It is important to know that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. Always use the new code, PUNB0MBGB06, for all your fund transfers to ensure they are processed correctly.

What is an IFSC Code?

The IFSC Code stands for Indian Financial System Code. It is an 11-character code assigned by the Reserve Bank of India (RBI) to uniquely identify each bank branch participating in online fund transfers. This code is crucial for directing your money to the correct destination during electronic transactions.

The 11 characters in an IFSC code follow a specific pattern:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the Turki Panapur branch of Bihar Gramin Bank.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you want to transfer money electronically. Here’s how you typically use it for NEFT, RTGS, and IMPS transactions:

1. Log In to Your Net Banking or Mobile Banking App: Access your online banking platform or mobile application.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary (If New): If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves providing their name, account number, account type, and the recipient bank’s IFSC code.
4. Enter Beneficiary Details:
   • Beneficiary Name
   • Beneficiary Account Number (and confirm it)
   • Bank Name (e.g., Bihar Gramin Bank)
   • Branch Name (e.g., Turki Panapur)
   • The correct IFSC Code (e.g., PUNB0MBGB06)
5. Enter Amount and Purpose: Specify the amount you wish to transfer and a brief description or purpose for the transaction.
6. Confirm and Authorize: Review all the details carefully, especially the account number and IFSC code. Once confirmed, authorize the transaction, often with an OTP (One Time Password) sent to your registered mobile number.

For example, if you are sending money to an account in the Bihar Gramin Bank, Turki Panapur branch, you would enter PUNB0MBGB06 in the IFSC field during the transaction setup.

Benefits of Knowing Your IFSC Code

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

• Accurate Fund Transfers: Ensures that money is sent to the precise bank and branch, preventing delays or misdirection of funds.
• Faster Transactions: Facilitates quick processing of NEFT, RTGS, and IMPS payments, which are vital for urgent transfers.
• Enhanced Security: The unique identification helps in tracking transactions and adds a layer of security to electronic transfers.
• Convenience: Makes it easy to set up online payments, bill payments, and transfers without needing to visit a bank branch.
• Compliance: It’s a mandatory requirement by the RBI for all interbank electronic fund transfers, ensuring compliance with banking regulations.

Contact Information

If you need to contact the Bihar Gramin Bank for the Turki Panapur branch or their head office, here are the details:

• Turki Panapur Branch Phone Number: 9297955289
• Turki Panapur Branch Address: Turki Panapur, SARAN, 841216
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank, for Bihar Gramin Bank queries): 18001807777

FAQs

Here are some frequently asked questions about IFSC codes:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, the IFSC code is unique for each specific branch of Bihar Gramin Bank. While the first five characters (PUNB0) are common across all branches under Punjab National Bank’s sponsorship, the last six characters are different for every branch, identifying it uniquely.

Q2: What happens if I use a wrong IFSC code during a fund transfer?
A2: If you enter an incorrect IFSC code, the transaction will likely fail. Your bank’s system will typically detect that the IFSC code does not match the beneficiary’s bank and branch details, and the transfer will not go through. The funds will either not leave your account or will be returned to you. It’s always best to double-check the code.

Q3: Where can I find the IFSC code for my bank branch?
A3: You can usually find the IFSC code printed on your bank passbook, on your chequebook leaf, or through your bank’s official website. Online banking platforms and mobile apps also display the IFSC code for your account. You can also use the RBI’s official website or reliable third-party financial portals to look up IFSC codes.

Q4: Is the fifth character of an IFSC code always zero?
A4: Yes, the fifth character of any IFSC code is always zero (0). It is a control digit reserved for future use by the Reserve Bank of India.

Q5: Can I transfer funds to a different bank branch using only the account number, without an IFSC code?
A5: For electronic fund transfers like NEFT, RTGS, or IMPS, the IFSC code is a mandatory requirement. It acts as a unique identifier for the destination branch, ensuring the money goes to the correct location. Without it, these types of transfers cannot be processed.