Bihar Gramin Bank Bairo IFSC Code

When you need to send money electronically to someone in Bairo, Supaul, Bihar, understanding the Indian Financial System Code (IFSC) for Bihar Gramin Bank’s Bairo branch is essential. This code acts like a unique address for the bank branch, ensuring that your funds reach the correct account quickly and securely. Whether you’re making a transfer through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC code is a mandatory detail you’ll need to provide. It helps the banking system direct your money to the right place without error, making online fund transfers smooth and reliable.

Bihar Gramin Bank, Bairo Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Bairo
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108100
Branch Address	Bairo, SUPAUL, 854339, 8825293153
Contact Number	8825293153
City	Supaul
District	Supaul
Reason	Saharsa
Pincode	854339
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed by the merger of several regional rural banks, including Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank. As a result of these mergers, and being sponsored by Punjab National Bank, the bank now uses a standardized IFSC code structure. The IFSC code PUNB0MBGB06 is the unified code used for Bihar Gramin Bank branches, including the Bairo branch. It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or other erstwhile regional rural banks that are now part of Bihar Gramin Bank have been revoked. For any electronic fund transfers to Bihar Gramin Bank accounts, only the new IFSC code PUNB0MBGB06 is valid and must be used for successful transactions.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code that uniquely identifies every bank branch participating in the NEFT, RTGS, and IMPS systems in India. It’s crucial for directing money to the exact branch and account you intend. The structure of the IFSC code is specific:

• The first four characters represent the bank name. For example, “PUNB” stands for 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 helps distinguish between older and newer financial transaction systems.
• The last six characters identify the specific branch of the bank. In the case of PUNB0MBGB06, “MBGB06” is the unique identifier for the specific branch within the Bihar Gramin Bank network.

How to Use the IFSC Code

Using the IFSC code for your electronic fund transfers is a straightforward process. Here’s how you’ll typically use it for NEFT, RTGS, and IMPS transactions:

1. Log in to your banking platform: Access your online banking portal or mobile banking app.
2. Select the transfer type: Choose the option for “Fund Transfer” or “Payments.” You will then select whether you want to perform an NEFT, RTGS, or IMPS transaction.
3. Add a new beneficiary: If you haven’t sent money to this recipient before, you’ll need to add them as a new beneficiary.
4. Enter beneficiary details: Provide the recipient’s name, their account number, the bank’s name (Bihar Gramin Bank), and the branch name (Bairo).
5. Input the IFSC code: This is where you’ll accurately enter PUNB0MBGB06. Double-check that you’ve typed it correctly.
6. Confirm and transfer: After reviewing all the details, enter the amount you wish to transfer and confirm the transaction. The system will use the IFSC code to route your funds to the correct branch.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for a bank branch offers several advantages for secure and efficient financial transactions:

• Accurate Fund Transfers: Ensures that money is sent to the precise bank and branch, preventing delays or misdirection of funds.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions more quickly.
• Prevents Errors: Reduces the risk of errors that could occur if relying on less specific information like just the bank and branch name.
• Security: Adds an extra layer of verification, making your electronic transactions safer.
• Required for Online Banking: It’s a mandatory detail for setting up beneficiaries and initiating most online electronic fund transfers.

Contact Information

If you need to get in touch with Bihar Gramin Bank or its Bairo branch, you can use the following details:

• Bairo Branch Contact Number: 8825293153
• Bairo Branch Address: Bairo, SUPAUL, 854339, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code for Bihar Gramin Bank’s Bairo branch the same as other Bihar Gramin Bank branches?
A1: No, while the first five characters (PUNB0) are typically common for Bihar Gramin Bank branches under Punjab National Bank sponsorship, the last six characters are unique to each specific branch. So, PUNB0MBGB06 is only for the Bairo branch.

Q2: What happens if I use an incorrect or old IFSC code?
A2: If you use an incorrect or revoked IFSC code, your transaction will likely fail. The banking system will not be able to locate the intended branch, and the funds will not be transferred. You will usually receive a notification about the failed transaction.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on your bank’s passbook and on the top left corner of a cheque leaf issued by the bank.

Q4: Are there any charges for using NEFT/RTGS/IMPS with an IFSC code?
A4: While the use of the IFSC code itself doesn’t incur a charge, banks may levy transaction fees for NEFT, RTGS, or IMPS services, depending on the amount transferred and the bank’s policies. However, many banks offer NEFT and IMPS services free of charge for online transactions, especially for smaller amounts.

Q5: What is the MICR code used for?
A5: The MICR (Magnetic Ink Character Recognition) code is a 9-digit code primarily used for processing physical cheques. It helps in the quick and error-free clearance of cheques. The Bairo branch’s MICR code is 800811002.