Bihar Gramin Bank Sheohar IFSC Code

In the heart of Bihar, specifically in the Sheohar region, banking services are vital for residents and businesses alike. When you need to send or receive money electronically, understanding a few key details about your bank branch is essential. The IFSC code, or Indian Financial System Code, is one such detail. It’s a unique identifier critical for secure and smooth digital fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC code, your money transfer won’t go through, highlighting its importance in today’s digital banking world.

Branch Details

Here are the specific details for the Bihar Gramin Bank branch located in Sheohar:

Bank Name	Bihar Gramin Bank
Branch Name	Sheohar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100110
Branch Address	Sheohar, SHEOHAR, 0, 9297954804
Contact Number	9297954804
City	SHEOHAR
District	SHEOHAR
Region	SITAMARHI
Pincode	0
State	Bihar

Merger Update

The banking landscape for Regional Rural Banks (RRBs) in Bihar has seen significant consolidation. The IFSC code PUNB0MBGB06 is specifically for Madhya Bihar Gramin Bank, which operates under the sponsorship of Punjab National Bank. This indicates that various regional rural banks, including entities that may have previously been known differently in Bihar, have been integrated or merged into larger, unified banks like Madhya Bihar Gramin Bank. This streamlining helps in better service delivery and operational efficiency.

As part of this consolidation, many older, individual IFSC codes belonging to the erstwhile regional rural banks have been revoked. It’s crucial for customers to understand that only the new, consolidated IFSC codes, like PUNB0MBGB06, are valid for all electronic fund transfers. If you previously used an older IFSC code for a regional rural bank in Bihar, you must now use the updated code for successful transactions. Always verify the latest IFSC code to avoid any transaction failures.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies every bank branch participating in electronic funds transfer systems in India. It’s like a digital address for your bank branch.

The code follows 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 a “0” (zero). This is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the specific branch within Madhya Bihar Gramin Bank.

This standardized structure ensures that money is routed to the correct bank and branch, even if there are branches with similar names in different cities.

How to Use an IFSC Code

Using the IFSC code is straightforward when you’re making an online fund transfer. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log in to Your Online Banking: Access your bank’s net banking portal or mobile banking app.
2. Select Funds Transfer: Choose the option for “Funds Transfer” or “Payments.”
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 involves providing their name, account number, account type (savings or current), and critically, their bank’s IFSC code.
4. Enter Transaction Details: Once the beneficiary is added or selected, enter the amount you wish to transfer.
5. Choose Transfer Type: Select the type of transfer you want to make:
   • NEFT (National Electronic Funds Transfer): Suitable for transfers of any amount, processed in batches throughout the day.
   • RTGS (Real Time Gross Settlement): Ideal for large-value transactions (typically Rs. 2 lakh and above) that are processed continuously on a real-time basis.
   • IMPS (Immediate Payment Service): Allows instant, 24/7 fund transfers, even on holidays, for smaller to medium amounts.
6. Confirm and Authorize: Review all details carefully. The system will often auto-populate the bank and branch name once you enter the IFSC. Confirm the transaction using your password or OTP (One Time Password).

Always double-check the IFSC code along with the account number before confirming any transaction to ensure your money reaches the intended recipient.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several practical benefits:

• Enables Electronic Fund Transfers: It’s mandatory for NEFT, RTGS, and IMPS, allowing you to send and receive money digitally.
• Ensures Accuracy: The unique code ensures funds are transferred to the precise bank and branch, minimizing errors.
• Faster Transactions: Contributes to the efficient and timely processing of digital payments.
• Convenience: Facilitates banking from anywhere, without needing to visit a physical branch for transfers.
• Reduces Manual Errors: Automates the routing process, reducing the chances of human error in manual processing.
• Security: Adds an extra layer of verification, making your online transactions more secure.

Contact Information

For any queries related to the Bihar Gramin Bank, Sheohar branch, or general banking services, you can use the following contact details:

• Branch Phone Number: 9297954804
• Branch Address: Sheohar, SHEOHAR, 0, 9297954804
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank): 18001807777 (as Madhya Bihar Gramin Bank is sponsored by PNB)

Frequently Asked Questions

What is the IFSC code for Bihar Gramin Bank, Sheohar branch?

The IFSC code for the Bihar Gramin Bank Sheohar branch is PUNB0MBGB06. This code is specifically for Madhya Bihar Gramin Bank, which now serves the region following bank mergers and is sponsored by Punjab National Bank.

Can I use an old IFSC code for Bihar Gramin Bank?

No, it is strongly advised not to use any old IFSC codes for regional rural banks in Bihar. Due to mergers and consolidations, many previous IFSC codes have been revoked. You must use the current valid code, such as PUNB0MBGB06, for all electronic fund transfers.

Is the IFSC code unique to each branch?

Yes, each bank branch that participates in online fund transfer systems has a unique 11-character IFSC code. This ensures that your money is sent to the correct and intended branch.

What happens if I use a wrong IFSC code during a transaction?

If you enter an incorrect IFSC code, the transaction will likely fail and be rejected by the system. The funds will usually not leave your account or will be returned to you. However, always double-check to avoid delays or potential complications.

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

Yes, the IFSC code is typically printed on the first page of your bank passbook and also on the top leaf of your chequebook. You can also find it on the bank’s official website or through online IFSC finders.