Bihar Gramin Bank Baraharia IFSC Code

The Bihar Gramin Bank branch in Baraharia, located in the SIWAN district of Bihar, plays an important role in the local financial ecosystem. For any digital money transfers, such as those made through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a specific code called the IFSC (Indian Financial System Code) is absolutely essential. This unique code acts like a digital address, ensuring your funds are routed correctly to the intended bank and branch, preventing errors and delays in your transactions.

Branch Details

Here are the key details for the Bihar Gramin Bank, Baraharia branch:

Bank Name	Bihar Gramin Bank
Branch Name	Baraharia
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100660
Branch Address	Baraharia, SIWAN, 841232, 9297954480
Contact Number	9297954480
City	SIWAN
District	SIWAN
Pincode	841232
State	Bihar

Merger Update for Regional Rural Banks

Regional Rural Banks (RRBs) often undergo mergers and restructuring to enhance their operational efficiency and reach. While this specific branch is identified as Bihar Gramin Bank, which is sponsored by Punjab National Bank, the IFSC code PUNB0MBGB06 provided is associated with Madhya Bihar Gramin Bank, another significant Regional Rural Bank also sponsored by Punjab National Bank.

It is crucial for customers to be aware of such changes. For instance, if you previously held an account or transacted with branches of Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), those banks have merged. They now operate under new, unified structures. As a result, all old IFSC codes belonging to UBGB or DBGB have been revoked and are no longer valid for any financial transactions. To ensure your funds are transferred successfully, it is imperative to use only the most current and updated IFSC code. The code PUNB0MBGB06 serves as an example of how such unified IFSC codes are structured under Punjab National Bank’s sponsorship for regional rural banks following such consolidations.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code used to identify all bank branches participating in online money transfers in India. It is unique to each bank branch.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” identifies the Baraharia branch under Madhya Bihar Gramin Bank, specifically.

This systematic structure helps the Reserve Bank of India (RBI) efficiently route funds to the correct bank and branch without manual intervention, making electronic transactions secure and fast.

How to Use the IFSC Code

Using the IFSC code for electronic fund transfers like NEFT, RTGS, or IMPS is a simple process. Here’s a general guide:

1. Log In: Access your bank’s internet banking portal or mobile banking application using your credentials.
2. Select Transfer Type: Choose the type of transfer you wish to make: NEFT, RTGS, or IMPS.
3. Add Beneficiary: If you are sending money to a new recipient, you will need to add them as a beneficiary. This usually involves entering their name, account number, account type (savings or current), and the crucial IFSC code of their bank branch.
4. Enter Amount and Purpose: Input the amount you wish to transfer and a brief description for the transaction, such as “Family Support” or “Payment for Services.”
5. Review and Confirm: Double-check all the details you’ve entered, especially the account number and IFSC code, to ensure accuracy. Confirm the transaction using your banking password or PIN.

Once confirmed, the funds will be transferred electronically. For NEFT, transfers happen in batches during banking hours. RTGS transactions are processed individually and almost instantly for large sums, while IMPS offers immediate transfers 24/7 for smaller amounts.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code at hand offers several advantages:

• Accuracy in Transfers: The primary benefit is ensuring that your money reaches the exact intended beneficiary account and branch, minimizing the risk of funds being sent to the wrong place.
• Faster Transactions: With the correct IFSC, electronic fund transfers are processed quickly and efficiently, often within minutes for IMPS and RTGS.
• Secure Payments: The unique identification provided by the IFSC adds a layer of security to online transactions, as funds are directed through a verified banking channel.
• Nationwide Connectivity: It facilitates seamless inter-bank and inter-branch money transfers across India, allowing you to send or receive money from any part of the country.
• Essential for Digital Banking: IFSC is a mandatory requirement for almost all types of electronic fund transfers, making it indispensable for modern digital banking.

Contact Information

For inquiries related to the Baraharia branch or general bank services, you can use the following contact details:

• Branch Phone Number: 9297954480
• Branch Address: Baraharia, SIWAN, 841232, BIHAR
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: What happens if I use an incorrect IFSC code during a transfer?

A1: If you enter an incorrect IFSC code, your transaction will likely fail. The banking system relies on this code to identify the correct destination branch. If the code doesn’t match the beneficiary’s bank and account number, the transfer will be rejected, and the funds will be returned to your account, often within a few hours to a few days depending on the bank.

Q2: Is the IFSC code needed for all types of bank transfers?

A2: The IFSC code is specifically required for inter-bank electronic fund transfers, such as NEFT, RTGS, and IMPS. If you are transferring money between two accounts within the same bank, you typically only need the beneficiary’s account number, though some banks may still ask for IFSC for internal tracking.

Q3: How can I verify the IFSC code for a branch?

A3: You can verify an IFSC code in several ways: check the bank’s official website, look for it on your cheque book or passbook, use the Reserve Bank of India (RBI) website, or consult reliable third-party financial aggregators that list IFSC codes.

Q4: What is the difference between an IFSC code and a MICR code?

A4: An IFSC code is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS) between different banks. A MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheques, primarily used for processing physical cheques efficiently. Both codes serve different, but equally important, functions in the banking system.

Q5: Is Bihar Gramin Bank directly a part of Punjab National Bank?

A5: No, Bihar Gramin Bank is not directly a part of Punjab National Bank. It is a Regional Rural Bank (RRB) that is *sponsored* by Punjab National Bank. RRBs operate under the regulatory framework of the RBI and NABARD, but a sponsor bank like PNB provides capital, management support, and technological assistance. This means they are separate entities but closely linked.