Bihar Gramin Bank Baruari IFSC Code

The Bihar Gramin Bank branch located in Baruari, within the Supaul district of Bihar, serves a vital role for residents and businesses in the region. Understanding its Indian Financial System Code (IFSC) is crucial for anyone looking to transfer money electronically. Whether you are sending funds via National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the correct IFSC ensures your money reaches the intended recipient’s account without errors. It acts as a unique identifier for the specific bank and branch, making digital transactions safe and efficient.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Baruari
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100793
Branch Address	Baruari, SUPAUL, 852130, 9297954289
Contact Number	9297954289
City	SUPAUL
District	SUPAUL
Region	SAHARSA
Pincode	852130
State	Bihar

Merger Update

Bihar Gramin Bank was formed on January 1, 2019, through the merger of two regional rural banks: the former Madhya Bihar Gramin Bank and the old Bihar Gramin Bank. This new entity operates under the sponsorship of Punjab National Bank. As a result of this merger, all branches, including Baruari, now operate under a unified IFSC structure.

The IFSC code for Bihar Gramin Bank’s Baruari branch is PUNB0MBGB06. It is important to note that any old IFSC codes previously associated with Madhya Bihar Gramin Bank or the old Bihar Gramin Bank are no longer valid for transactions. For any fund transfers to or from this branch, you must use the updated and currently valid IFSC code PUNB0MBGB06.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online financial transactions in India. The Reserve Bank of India (RBI) assigns these codes to ensure accuracy and prevent errors during electronic fund transfers.

The structure of an IFSC code can be broken down as follows:

• The first four characters represent the bank name. For instance, in PUNB0MBGB06, “PUNB” signifies Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a separator between the bank code and the branch code.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely points to the Baruari branch of Bihar Gramin Bank.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you need to send or receive money electronically. Here are the steps involved when initiating a fund transfer via NEFT, RTGS, or IMPS:

1. Gather Recipient Details: You will need the recipient’s full name, their bank name (Bihar Gramin Bank), their specific branch name (Baruari), their account number, and critically, their IFSC code (PUNB0MBGB06).
2. Log In to Your Banking Portal: Access your net banking account or mobile banking app.
3. Select Transfer Type: Choose the type of fund transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): This system processes transactions in batches, typically every half hour during banking hours.
   • RTGS (Real Time Gross Settlement): Designed for large-value transactions (usually 2 lakh rupees and above), it processes payments individually and in real time.
   • IMPS (Immediate Payment Service): This allows for instant, 24/7 fund transfers, even on holidays.
4. Enter Recipient Information: Carefully input all the details you gathered, including the IFSC code. Double-check the account number and IFSC code to avoid sending money to the wrong account.
5. Confirm and Authorize: Review all the entered information before confirming the transaction. You may need to authorize the payment using a One Time Password (OTP) or transaction PIN.

Always verify the IFSC code with the recipient or their bank to ensure accuracy, especially for your first transaction to a new beneficiary.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code for your bank branch, or for any recipient, offers several important benefits:

• Accurate Fund Transfers: It ensures that your money is transferred to the precise bank and branch account you intend, significantly reducing the risk of errors.
• Faster Processing: The unique identification provided by the IFSC code helps in quicker processing of NEFT, RTGS, and IMPS transactions.
• Facilitates Online Transactions: It is essential for all forms of digital banking, including online shopping payments, bill payments, and inter-bank transfers.
• Reduces Manual Intervention: By automating the identification of banks and branches, it minimizes the need for manual processing, leading to greater efficiency.
• Enhanced Security: The standardized and unique nature of the IFSC code adds a layer of security to electronic financial transactions.

Contact Section

For inquiries regarding the Bihar Gramin Bank Baruari branch or general banking services, you can use the following contact details:

• Branch Phone Number: 9297954289
• Branch Address: Baruari, SUPAUL, 852130
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Customer Care): 18001807777

FAQs

Q1: Is PUNB0MBGB06 the correct IFSC for Bihar Gramin Bank, Baruari branch?
A1: Yes, PUNB0MBGB06 is the correct and currently valid IFSC code for the Bihar Gramin Bank branch located in Baruari, Supaul.

Q2: What does IFSC stand for?
A2: IFSC stands for Indian Financial System Code. It’s a unique 11-character code used for electronic fund transfers in India.

Q3: Can I still use an old IFSC code for Bihar Gramin Bank after the merger?
A3: No, after the merger that formed Bihar Gramin Bank, old IFSC codes from the pre-merged entities (Madhya Bihar Gramin Bank or the old Bihar Gramin Bank) are no longer valid. You must use the new consolidated IFSC code, which is PUNB0MBGB06 for the Baruari branch.

Q4: What is the difference between NEFT, RTGS, and IMPS?
A4: NEFT processes transactions in batches during specific hours. RTGS is for large-value, real-time transfers. IMPS allows for instant, 24/7 transfers for smaller amounts.

Q5: Is Bihar Gramin Bank a government bank?
A5: Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are jointly owned by the Central Government (50%), the State Government (15%), and a Sponsor Bank (35%). In this case, Punjab National Bank is the sponsor bank.