When you need to transfer money to or from the Bihar Gramin Bank branch in Shekhopursarai, understanding the IFSC code is essential. This branch is located in Sheikhpura, Bihar, with the Pincode 811103. The Indian Financial System Code (IFSC) acts like a unique digital address for every bank branch across India. It is vital for all electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service), ensuring your money reaches the correct recipient quickly and securely.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Shekhopursarai |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3312 |
| Branch Address | Shekhopursarai, Sheikhpura, 811103, 8102918601 |
| Contact Number | 8102918601 |
| City | Sheikhpura |
| District | Sheikhpura |
| Reason | NAWADA |
| Pincode | 811103 |
| State | Bihar |
Merger Update
Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. This current structure is a result of past mergers involving various regional rural banks in Bihar. For instance, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have undergone mergers that led to the current unified banking structure, or their services have been streamlined under the broader umbrella that Bihar Gramin Bank now represents under its sponsor, Punjab National Bank.
As part of these consolidations, all branches, including Shekhopursarai, now use a unified IFSC code structure under Punjab National Bank. The specific IFSC code for Bihar Gramin Bank branches is PUNB0MBGB06. It is critical to note that any old IFSC codes previously associated with entities like UBGB or DBGB have been revoked. For any electronic fund transfer to or from a Bihar Gramin Bank branch, only the new IFSC code PUNB0MBGB06 is valid and must be used.
What is IFSC Code?
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers in India. Think of it as a specific address for banking transactions.
The code has a clear structure:
- The first four characters represent the bank’s name. For Bihar Gramin Bank, this is “PUNB” because it is sponsored by Punjab National Bank.
- The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between the bank code and the branch code.
- The last six characters identify the specific branch. In the case of PUNB0MBGB06, “MBGB06” represents the specific branch or a cluster of branches under the Bihar Gramin Bank’s system.
How to Use IFSC Code
Using the IFSC code is a straightforward process when you’re making electronic payments. Here’s how it works for different types of transfers:
- For NEFT (National Electronic Funds Transfer): This service allows you to transfer money from one bank account to another across India. When initiating an NEFT transaction online or at a bank branch, you will need the beneficiary’s name, account number, bank name, and the correct IFSC code for their branch (PUNB0MBGB06 for Shekhopursarai). NEFT processes transactions in batches, usually within a few hours during banking hours.
- For RTGS (Real Time Gross Settlement): RTGS is used for large-value transactions, typically for amounts of 2 lakh rupees and above. As the name suggests, transactions are processed individually and continuously throughout the day. Similar to NEFT, you’ll need the beneficiary’s details, including their IFSC code (PUNB0MBGB06).
- For IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent transfers. To send money via IMPS, you’ll need the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and the IFSC code (PUNB0MBGB06).
Always double-check the IFSC code before confirming any transaction to ensure your money goes to the intended recipient.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for your bank branch or the branch you are transferring money to offers several advantages:
- Secure Transfers: It ensures that your money is routed to the exact bank and branch, reducing errors in transactions.
- Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly and efficiently.
- Fraud Prevention: Using the right code helps prevent funds from being misdirected, adding a layer of security to your financial dealings.
- Online Banking Convenience: It is a mandatory detail for all online banking fund transfers, making digital transactions possible and seamless.
- Account Reconciliation: Helps banks correctly identify the origin and destination of funds, aiding in accurate account management.
Contact Information
Should you need to get in touch with Bihar Gramin Bank, Shekhopursarai branch, or its head office, here are the details:
- Shekhopursarai Branch Phone Number: 8102918601
- Shekhopursarai Branch Address: Shekhopursarai, Sheikhpura, 811103, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
FAQs
What is the IFSC code for Bihar Gramin Bank, Shekhopursarai branch?
The IFSC code for Bihar Gramin Bank, Shekhopursarai branch is PUNB0MBGB06.
Is PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
Yes, PUNB0MBGB06 is the unified IFSC code used for all branches of Bihar Gramin Bank. This reflects its sponsorship by Punjab National Bank and the consolidation of regional rural banks.
What happens if I use an old or incorrect IFSC code?
If you use an old or incorrect IFSC code, your electronic fund transfer will likely fail. The transaction will be rejected by the banking system, and the funds will not reach the intended beneficiary. You would then need to initiate a new transfer with the correct code.
Can I find the IFSC code on my passbook or chequebook?
Yes, the IFSC code is usually printed on your bank passbook and chequebook. It is often found on the first page of the passbook or on a cheque leaf, near the account number.
Why does Bihar Gramin Bank’s IFSC code start with “PUNB”?
Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. The “PUNB” prefix in the IFSC code signifies this sponsorship and indicates that the bank operates under the financial and technical guidance of Punjab National Bank.
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.