Bihar Gramin Bank Samhutibazar IFSC Code

The Samhutibazar branch of Bihar Gramin Bank is located in the Sheohar district of Bihar. When you need to send money digitally to or from this branch using services like NEFT, RTGS, or IMPS, an Indian Financial System Code (IFSC) is essential. This unique 11-character code acts like a digital address, making sure your funds go to the exact bank and branch you intend. It’s a crucial detail for any online money transfer.

Branch Details

Here are the specific details for the Bihar Gramin Bank, Samhutibazar branch:

Bank Name	Bihar Gramin Bank
Branch Name	Samhutibazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100123
Branch Address	Samhutibazar, SHEOHAR, 0, 9297954800
Contact Number	9297954800
City	SHEOHAR
District	SHEOHAR
Region	SITAMARHI
Pincode	0
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. Historically, there were other RRBs in Bihar, such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Through various mergers, these banks have consolidated. As a result, Bihar Gramin Bank now operates with a unified structure, and all its branches, including Samhutibazar, use IFSC codes under the Punjab National Bank sponsorship. This means all IFSC codes for Bihar Gramin Bank branches begin with the four letters `PUNB`.

It is very important to note that any old IFSC codes previously associated with banks like Uttar Bihar Gramin Bank (UBGB) are no longer valid for fund transfers. For any transaction to the Samhutibazar branch of Bihar Gramin Bank, you must use the current and valid IFSC code: PUNB0MBGB06.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code. It’s assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in online fund transfers. Understanding its structure can be helpful:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, since it’s sponsored by Punjab National Bank, these characters are `PUNB`.
• The fifth character is always `0` (zero). This character is reserved for future use by the RBI.
• The last six characters identify the specific branch. For the Samhutibazar branch, these characters are `MBGB06`. Each branch has a unique identifier to ensure accuracy in transactions.

How to Use an IFSC Code

The IFSC code is crucial for initiating various types of online fund transfers. Here’s how you typically use it for NEFT, RTGS, and IMPS:

1. Add Beneficiary: Before sending money to a new recipient, you usually need to add them as a beneficiary in your banking application or website.
2. Enter Details: During the beneficiary addition process, you will be asked for specific details, including the beneficiary’s name, their account number, the type of account (savings, current), and the bank’s IFSC code. For Samhutibazar branch, you would enter PUNB0MBGB06.
3. Verify Information: Always double-check all the entered details, especially the account number and IFSC code, to prevent errors in transferring funds.
4. Initiate Transfer: Once the beneficiary is added and verified, you can select them from your list and proceed with the transfer.

Remember:

• NEFT (National Electronic Funds Transfer): Used for smaller to medium-sized transfers, processed in batches throughout the day.
• RTGS (Real Time Gross Settlement): Typically for large-value transfers, processed individually and continuously in real-time.
• IMPS (Immediate Payment Service): Allows instant, 24/7 fund transfers, suitable for immediate payments.

Benefits of Knowing the IFSC Code

Having the correct IFSC code for a bank branch offers several key advantages:

• It ensures that your online fund transfers reach the exact intended bank and branch, preventing misdirection of money.
• It is a mandatory requirement for all major digital payment systems in India, including NEFT, RTGS, and IMPS.
• It facilitates faster and more secure electronic transactions by standardizing the identification process for bank branches.
• It helps in quickly identifying the originating or destination branch for any financial transaction.
• It reduces the chances of errors and delays that can occur with manual processing or incorrect bank details.

Contact Information

For inquiries related to the Samhutibazar branch or Bihar Gramin Bank:

• Samhutibazar Branch Phone Number: 9297954800
• Samhutibazar Branch Address: Samhutibazar, SHEOHAR, 0
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number for Bihar Gramin Bank: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, Samhutibazar branch?

A1: The IFSC code for Bihar Gramin Bank, Samhutibazar branch, is PUNB0MBGB06.

Q2: Is Bihar Gramin Bank part of Punjab National Bank?

A2: Bihar Gramin Bank is a Regional Rural Bank (RRB) that is sponsored by Punjab National Bank. This means PNB oversees its operations, and the bank’s IFSC codes reflect this sponsorship by starting with `PUNB`.

Q3: Can I still use an old Uttar Bihar Gramin Bank (UBGB) IFSC code for a transfer?

A3: No, old IFSC codes from former banks like Uttar Bihar Gramin Bank (UBGB) are no longer valid. Due to mergers, all transactions for Bihar Gramin Bank branches must now use the current IFSC codes, which begin with `PUNB`.

Q4: Why is the fifth character of the IFSC code always ‘0’ (zero)?

A4: The fifth character in an IFSC code is reserved as ‘0’ by the Reserve Bank of India (RBI). This ‘0’ acts as a placeholder and allows for future expansion or modifications to the IFSC structure if needed.

Q5: What other details are required along with the IFSC code to send money online?

A5: Besides the IFSC code, you will need the beneficiary’s full name, their bank account number, and the type of account they hold (e.g., savings or current account). Ensuring all these details are accurate is critical for a successful transfer.