The Bihar Gramin Bank branch in Kasar, located in Sheikhpura, Bihar, plays an important role in the local economy. When you need to transfer funds electronically, whether for personal or business reasons, understanding its Indian Financial System Code (IFSC) is crucial. This unique code is essential for conducting secure and efficient online transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures your money reaches the correct bank and branch without delays or errors.
Branch Details
Here are the key details for the Bihar Gramin Bank Kasar branch:
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Kasar |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3313 |
| Branch Address | Kasar, Sheikhpura, 811105, 8102609028 |
| Contact Number | 8102609028 |
| City | Sheikhpura |
| District | Sheikhpura |
| Reason | NAWADA |
| Pincode | 811105 |
| State | Bihar |
Merger Update
Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). Following a series of mergers aimed at streamlining banking services in the region, several RRBs, including what were formerly known as Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank, have been consolidated. As a result, Bihar Gramin Bank and other PNB-sponsored gramin banks now operate under a unified structure for interbank transactions.
For this reason, the Bihar Gramin Bank Kasar branch uses the standardized IFSC code PUNB0MBGB06. It is important to note that any old IFSC codes previously associated with institutions like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank (if they were part of the PNB-sponsored merger chain now represented by this code) have been revoked. For any electronic fund transfers to this branch, only the new, unified IFSC code PUNB0MBGB06 is valid and must be used.
What is IFSC Code?
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify all bank branches participating in online money transfer systems like NEFT, RTGS, and IMPS. This code helps the Reserve Bank of India (RBI) track and process these transactions accurately.
The structure of an IFSC code is specific:
- The first four characters represent the bank name. For PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
- The fifth character is always ‘0’ (zero). This character is reserved for future use and acts as a control digit.
- The last six characters uniquely identify the specific bank branch. In this case, ‘MBGB06’ identifies the Bihar Gramin Bank Kasar branch within the larger PNB-sponsored Regional Rural Bank network.
Using the correct IFSC ensures that your money transfer goes to the exact recipient branch, even if there are multiple branches of the same bank.
How to Use IFSC Code
Using the IFSC code is a straightforward process when you are making an online fund transfer. Here’s a general guide for NEFT, RTGS, and IMPS:
- Log in to Net Banking/Mobile Banking: Access your bank’s online platform or mobile application.
- Select Fund Transfer: Choose the option for transferring funds to another bank account.
- 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:
- Beneficiary Name
- Beneficiary Account Number
- Confirm Beneficiary Account Number
- Bank Name (e.g., Bihar Gramin Bank)
- Branch Name (e.g., Kasar)
- IFSC Code (PUNB0MBGB06)
- Initiate Transfer: Once the beneficiary is added (or if they are already saved), select their account, enter the amount you wish to send, and choose the transfer type (NEFT, RTGS, or IMPS).
- Review and Confirm: Double-check all details, especially the account number and IFSC code, before confirming the transaction.
- Enter OTP: You will likely receive a One-Time Password (OTP) to your registered mobile number for final authorization. Enter it to complete the transfer.
Always verify the IFSC code with the beneficiary or from official bank sources before initiating a transfer to avoid sending money to the wrong account.
Benefits of Knowing IFSC Code
Having the correct IFSC code provides several important benefits for banking and financial transactions:
- Accurate Fund Transfers: Ensures your money goes to the precise bank and branch, minimizing errors.
- Speed and Efficiency: Facilitates quick processing of electronic transfers (NEFT, RTGS, IMPS), allowing funds to move rapidly between banks.
- Security: Adds an extra layer of security by uniquely identifying the destination branch, reducing the risk of fraud or misdirection.
- Interbank Operations: It is mandatory for all interbank electronic transactions, enabling seamless money movement across different banking institutions.
- Digital Banking Essential: A core requirement for all digital banking services involving fund transfers, making online banking convenient and reliable.
- Avoid Transaction Failures: Using the correct code prevents transactions from being rejected or delayed due to incorrect branch identification.
Contact Information
For any inquiries or assistance related to the Bihar Gramin Bank Kasar branch, you can use the following contact details:
- Branch Phone Number: 8102609028
- Branch Address: Kasar, Sheikhpura, 811105
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
Here are some common questions about IFSC codes:
Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It is an 11-character code used to identify bank branches for electronic fund transfers in India.
Q2: Is the IFSC code unique for every bank branch?
A2: Yes, each bank branch participating in online fund transfers has a unique IFSC code. Even if two branches belong to the same bank, their IFSC codes will be different in the last six characters that identify the branch.
Q3: What happens if I use an incorrect IFSC code?
A3: If you use an incorrect IFSC code, your fund transfer will likely fail or be delayed. In some cases, if the incorrect code belongs to an existing branch and the account number matches, the funds might go to the wrong account. Always verify the IFSC code carefully.
Q4: Can I find the IFSC code on my passbook or cheque book?
A4: Yes, the IFSC code is typically printed on the first page of your bank passbook and on cheque leaves (usually at the top or bottom). You can also find it on the bank’s official website or through online IFSC lookup tools.
Q5: Is the MICR code the same as the IFSC code?
A5: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit numerical code used mainly for processing cheques, typically found at the bottom of a cheque leaf. The IFSC code is an 11-character alphanumeric code for electronic fund transfers.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.