Bihar Gramin Bank Garkha IFSC Code

The Bihar Gramin Bank branch in Garkha, located in the Saran district of Bihar, serves as an important financial hub for the local community. When you need to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code acts like a unique digital address for every bank branch in India, making sure that your funds are transferred accurately through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). It prevents errors and ensures your money reaches the right account without delay.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	Garkha
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100614
Branch Address	Garkha, SARAN, 841414, 9297955222
Contact Number	9297955222
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841414
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 were sponsored by Punjab National Bank (PNB). Following this merger, all branches of the former UBGB and DBGB now operate under the name Bihar Gramin Bank. For all electronic fund transfers, a unified IFSC code structure is used. The IFSC code PUNB0MBGB06 is the official and currently valid code for the Garkha branch of Bihar Gramin Bank.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are now revoked. If you try to use an old code for a transaction, it will likely fail. Always use the new, unified IFSC code, such as PUNB0MBGB06, for any NEFT, RTGS, or IMPS transactions to ensure your money reaches the correct recipient without issues.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch in India. This code is essential for electronic fund transfers. It helps the banking system direct funds to the exact branch and account you intend.

The 11 characters of an IFSC code are structured in a specific way:

• The first four characters represent the bank name. For the Garkha branch’s IFSC, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This is a control character reserved for future use.
• The last six characters identify the specific branch. For the Garkha branch, “MBGB06” uniquely points to this particular location of Bihar Gramin Bank.

So, for PUNB0MBGB06:

• PUNB: Punjab National Bank
• 0: Reserved character
• MBGB06: Garkha branch code for Bihar Gramin Bank

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you are making electronic fund transfers. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Gather Recipient Details: Before starting, make sure you have the full name of the recipient, their bank account number, their bank name, their branch name, and the correct IFSC code (e.g., PUNB0MBGB06 for Garkha branch).
2. Log In to Your Banking Platform: Access your bank’s net banking portal or mobile banking app.
3. Navigate to Fund Transfer: Look for options like “Fund Transfer,” “Send Money,” or “Payments.”
4. Select Transfer Type: Choose the type of transfer you want to make:
   • NEFT (National Electronic Funds Transfer): Best for regular transfers where immediate processing isn’t critical. Transactions are processed in batches throughout the day.
   • RTGS (Real Time Gross Settlement): Ideal for large-value transfers (typically Rs. 2 lakh and above) that need to be processed immediately and individually.
   • IMPS (Immediate Payment Service): Perfect for instant transfers of any amount, available 24/7, including holidays.
5. Add Beneficiary (if new): If you haven’t sent money to this person before, you’ll need to add them as a beneficiary. This usually involves entering their name, account number, account type (savings/current), and the IFSC code (PUNB0MBGB06). Your bank might require you to wait for a few minutes or hours for the beneficiary to be activated.
6. Enter Transfer Details: Once the beneficiary is added or selected, enter the amount you wish to send and any remarks for the transaction.
7. Review and Confirm: Double-check all the details, especially the account number and IFSC code, to prevent errors. Confirm the transaction using your PIN or password.

After confirmation, the funds will be transferred according to the chosen method (NEFT, RTGS, or IMPS).

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the branch of someone you’re sending money to, offers several advantages:

• Accurate Fund Transfers: Ensures your money reaches the exact intended recipient and branch without misdirection.
• Seamless Online Transactions: Facilitates smooth NEFT, RTGS, and IMPS transactions via net banking or mobile banking.
• Faster Processing: Reduces the chance of delays caused by incorrect routing information, helping funds reach accounts quicker.
• Security: Adds an extra layer of verification, as the IFSC code must match the branch details for a successful transfer.
• Required for Mandates: Essential for setting up various financial mandates, such as autopay for bills, loan EMIs, or investment payments.

Contact Information

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

• Branch Phone Number: 9297955222
• Branch Address: Garkha, 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: What is the full form of IFSC?
A1: IFSC stands for Indian Financial System Code. It is a unique 11-character alphanumeric code used for electronic fund transfers within India.

Q2: Is PUNB0MBGB06 the correct IFSC code for Bihar Gramin Bank, Garkha branch?
A2: Yes, PUNB0MBGB06 is the officially designated and correct IFSC code for the Bihar Gramin Bank, Garkha branch. You should use this code for all electronic transactions.

Q3: Can I still use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) for a Bihar Gramin Bank branch?
A3: No. Following the merger, all old IFSC codes belonging to UBGB and DBGB have been revoked. You must use the new unified IFSC codes, such as PUNB0MBGB06, for any transactions to Bihar Gramin Bank branches.

Q4: What is the difference between NEFT, RTGS, and IMPS?
A4: NEFT processes transactions in batches, typically taking a few hours. RTGS is for high-value transfers (usually Rs. 2 lakh and above) and processes them in real-time. IMPS allows instant transfers of any amount, 24/7, including holidays.

Q5: How can I find the IFSC code for another Bihar Gramin Bank branch?
A5: You can usually find the IFSC code on your bank passbook or checkbook. It’s also available on the official website of Bihar Gramin Bank, through your bank’s net banking portal, or by contacting customer service.