Bihar Gramin Bank Sehan IFSC Code

Bihar Gramin Bank Sehan IFSC Code

When you need to send money through bank transfers, understanding the Indian Financial System Code (IFSC) is crucial. For anyone dealing with Bihar Gramin Bank’s Sehan branch in Vaishali, Bihar, knowing the correct IFSC code ensures your transactions go smoothly. This code is essential for electronic fund transfers like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, your money transfer cannot be processed, making it a vital piece of information for financial transactions.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Sehan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100125
Branch Address	Sehan, VAISHALI, 844112, 9297955041
Contact Number	9297955041
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844112
State	Bihar

Merger Update

The banking landscape in Bihar saw a significant change with the merger of two prominent regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two entities have now merged to form a single, stronger bank known as Bihar Gramin Bank. This newly formed bank is sponsored by Punjab National Bank (PNB).

As a result of this merger, all branches under the erstwhile UBGB and DBGB now operate under the Bihar Gramin Bank. Importantly, their old IFSC codes have been revoked and are no longer valid for any transactions. For any fund transfers to branches of Bihar Gramin Bank, including the Sehan branch, you must use the new, standardized IFSC code: PUNB0MBGB06. This ensures consistency and proper routing of your electronic payments.

What is an IFSC Code?

An IFSC code stands for Indian Financial System Code. It is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify each bank branch participating in electronic funds transfer systems in India. This code acts like a digital address for every bank branch.

The structure of an IFSC code is specific:

• The first four characters represent the bank name. For Bihar Gramin Bank, which is sponsored by Punjab National Bank, these characters are “PUNB”.
• The fifth character is always a “0” (zero). This character is reserved for future use and remains constant across all IFSC codes.
• The last six characters uniquely identify the specific branch. For the Sehan branch, these characters are “MBGB06”.

So, for the Sehan branch of Bihar Gramin Bank, the complete IFSC code PUNB0MBGB06 clearly identifies it for secure and accurate money transfers.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are making an electronic fund transfer. Here are the steps involved for common transfer methods:

• For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement):
  1. Log in to your internet banking portal or mobile banking app, or visit your bank branch.
  2. Select the option for NEFT or RTGS transfer.
  3. Enter the beneficiary’s (receiver’s) account number.
  4. Enter the beneficiary’s name.
  5. Carefully input the IFSC code of the beneficiary’s branch, which is PUNB0MBGB06 for Bihar Gramin Bank, Sehan.
  6. Enter the amount you wish to transfer.
  7. Confirm the transaction details before finalizing the transfer.
• For IMPS (Immediate Payment Service):
  1. Log in to your mobile banking app.
  2. Select the IMPS option.
  3. You will typically have options to transfer using the beneficiary’s Mobile Number and MMID, or using their Account Number and IFSC. Choose the latter.
  4. Enter the beneficiary’s account number.
  5. Enter the IFSC code (PUNB0MBGB06).
  6. Enter the amount.
  7. Review and confirm the payment.

Always double-check the IFSC code and account number before initiating any transaction to avoid errors and ensure your money reaches the correct recipient.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch, or the branch of someone you need to pay, offers several important benefits:

• Accurate Fund Transfers: Ensures your money is sent to the precise bank and branch, preventing delays or misdirected funds.
• Faster Processing: Correct IFSC codes facilitate quick processing of NEFT, RTGS, and IMPS transactions.
• Error Prevention: Reduces the chances of transaction failures or returns due to incorrect bank details.
• Required for Online Banking: It’s a mandatory field for setting up beneficiaries and executing online transfers.
• Identity of Branch: Uniquely identifies a specific bank branch within the vast Indian banking network.
• Security: Helps maintain the integrity and security of the electronic payment system.

Contact Information

• Sehan Branch Phone Number: 9297955041
• Sehan Branch Address: Sehan, VAISHALI, 844112, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Q1: Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank branches now?
A1: Yes, after the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, PUNB0MBGB06 is the standardized and only valid IFSC code for all branches of Bihar Gramin Bank, including the Sehan branch, for electronic fund transfers. Any old IFSC codes of the predecessor banks are no longer in use.

Q2: What happens if I use an old IFSC code from UBGB or DBGB by mistake?
A2: If you use an old, revoked IFSC code, your transaction will likely fail. The banking system will not recognize the code, and the transfer will not go through. You will receive an error message, and the funds will not be debited from your account.

Q3: Can I find the IFSC code on my passbook or cheque book?
A3: Yes, the IFSC code is typically printed on your bank passbook and cheque book. However, it’s always a good practice to verify the latest code, especially for regional rural banks that have undergone mergers, to ensure you have the most current and valid one.

Q4: Is the MICR code the same as the IFSC code?
A4: No, the MICR (Magnetic Ink Character Recognition) code and IFSC code are different. The IFSC code is an 11-character alphanumeric code used for online transfers (NEFT, RTGS, IMPS). The MICR code is a 9-digit numerical code primarily used for processing cheques. While both are unique identifiers, they serve different purposes in the banking system.

Q5: What should I do if my online transfer fails due to an incorrect IFSC code?
A5: If your transfer fails because of an incorrect IFSC code, the funds will usually not leave your account. You should re-check the IFSC code, correct it to PUNB0MBGB06 for the Sehan branch, and attempt the transaction again. If you encounter persistent issues, contact your bank’s customer service or visit your branch for assistance.