Bihar Gramin Bank Kachnar IFSC Code

When you need to send or receive money electronically in India, especially to or from the Bihar Gramin Bank’s Kachnar branch, understanding the IFSC code is essential. This code is a unique identifier for bank branches and is crucial for transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The Kachnar branch is located in SIWAN, Bihar, serving the local community with banking services.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Kachnar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100651
Branch Address	Kachnar, SIWAN, 841210
Contact Number	9297954439
City	SIWAN
District	SIWAN
Pincode	841210
State	Bihar

Merger Update

The IFSC code PUNB0MBGB06 indicates a significant consolidation of regional rural banks in Bihar. Many such banks, including those that were part of the Madhya Bihar Gramin Bank structure, have been brought under the sponsorship of Punjab National Bank (PNB) to form larger, more efficient entities. While Bihar Gramin Bank itself is a distinct regional rural bank sponsored by PNB, this IFSC format reflects the broader merger and integration process in the region’s rural banking sector.

For branches like Kachnar that now operate under this consolidated framework, all previous or old IFSC codes are no longer valid for electronic transactions. It is critical to use only the current and correct IFSC code, PUNB0MBGB06, for any fund transfers to ensure your money reaches the intended account without delays or issues.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in the NEFT, RTGS, and IMPS systems. This code is essential for processing electronic fund transfers within India.

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

• The first four characters represent the bank name. For example, in PUNB0MBGB06, PUNB refers to Punjab National Bank, the sponsoring bank.
• The fifth character is always a zero (‘0’). This is reserved for future use and acts as a control character.
• The last six characters identify the specific branch. In PUNB0MBGB06, MBGB06 pinpoints the Kachnar branch within the larger structure.

How to Use an IFSC Code

Using the IFSC code is straightforward when you’re making an electronic fund transfer. Here are the steps for NEFT, RTGS, and IMPS:

1. Log in to your Net Banking or Mobile Banking App: Access your online banking platform.
2. Select Fund Transfer: Choose the option to transfer funds, usually labeled “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary or payee.
4. Enter Beneficiary Details: You will be asked for the following information:
   • Beneficiary Name (the account holder’s full name)
   • Beneficiary Account Number (and confirm it by entering it twice)
   • IFSC Code (PUNB0MBGB06 for Kachnar branch)
   • Bank Name (Bihar Gramin Bank)
   • Branch Name (Kachnar)
5. Enter Amount and Confirm: Specify the amount you wish to transfer. Review all details carefully before confirming the transaction.

Remember that NEFT transactions are processed in batches, RTGS is for large-value, real-time transfers, and IMPS allows instant transfers 24/7, even on holidays.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, like the Bihar Gramin Bank, Kachnar branch, offers several important benefits:

• Accurate Fund Transfers: It ensures your money goes to the correct bank and branch, preventing misdirection of funds.
• Faster Processing: Correct IFSC codes enable quicker processing of NEFT, RTGS, and IMPS transactions.
• Enhanced Security: The unique identification helps in tracking transactions and adds a layer of security to digital payments.
• Unique Branch Identification: It provides a standard, national system for identifying any bank branch across India.
• Mandatory for Digital Payments: It is a compulsory detail for almost all forms of electronic fund transfers, including online shopping refunds, salary transfers, and bill payments.

Contact Information

For any banking inquiries related to the Bihar Gramin Bank, Kachnar branch, you can use the following contact details:

• Kachnar Branch Phone Number: 9297954439
• Kachnar Branch Address: Kachnar, SIWAN, 841210, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

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

The IFSC code for the Bihar Gramin Bank, Kachnar branch, is PUNB0MBGB06.

Q2: Is the IFSC code the same for all Bihar Gramin Bank branches?

No, the first four characters (PUNB) are the same for all branches under Punjab National Bank’s sponsorship, and the fifth character is always ‘0’. However, the last six characters are unique to each branch, meaning every branch will have a different IFSC code.

Q3: What should I do if I enter 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 be returned to your account. However, always double-check the IFSC code before initiating a transfer to avoid any delays or potential issues.

Q4: Where can I find the IFSC code for a bank branch?

You can find the IFSC code on your bank’s chequebook, passbook, or statement. It is also available on the bank’s official website or through online IFSC finders. You can also contact the bank branch directly for verification.

Q5: Is the MICR code also necessary for online fund transfers?

No, the MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. For online electronic fund transfers like NEFT, RTGS, and IMPS, only the IFSC code is required along with the beneficiary’s account number and name.