Bihar Gramin Bank Jarang IFSC Code

In Jarang, a community within the Vaishali district of Bihar, accessing reliable banking services is crucial for daily life and economic activity. When it comes to transferring funds electronically, whether through NEFT, RTGS, or IMPS, a specific code is always needed. This code, known as the IFSC, ensures that your money reaches the correct bank and branch without error. It acts like a unique digital address for each bank branch, making your transactions secure and efficient.

Branch Details

Here are the key details for the Bihar Gramin Bank Jarang branch:

Bank Name	Bihar Gramin Bank
Branch Name	Jarang
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100128
Branch Address	Jarang, VAISHALI, 844123, 9297954998
Contact Number	9297954998
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844123
State	Bihar

Merger Update

For customers of the Jarang branch, it is important to understand a key change regarding the bank’s structure and its IFSC codes. Previously, there were two distinct regional rural banks in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form a single entity, now known as Bihar Gramin Bank.

As a result of this merger, all branches under the newly formed Bihar Gramin Bank, including the Jarang branch, now operate under a unified IFSC code structure. The specific IFSC code for all these merged branches, sponsored by Punjab National Bank, is PUNB0MBGB06.

This means that any old IFSC codes belonging to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for fund transfers. If you attempt to use an old code for an NEFT, RTGS, or IMPS transaction, it will likely be rejected. Always use the new and valid IFSC code, PUNB0MBGB06, for any electronic fund transfers to or from Bihar Gramin Bank branches, including Jarang.

What is IFSC Code?

The IFSC, or Indian Financial System Code, is an 11-character alphanumeric code. It is designed by the Reserve Bank of India (RBI) to uniquely identify every bank branch participating in electronic funds transfers within India. This code is crucial for ensuring that money is transferred to the correct destination bank and branch.

The 11 characters of an IFSC code follow a specific pattern:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, sponsored by Punjab National Bank, these characters are "PUNB".
• The fifth character is always a "0" (zero). This character is reserved for future use by the RBI.
• The last six characters identify the specific bank branch. In the case of Bihar Gramin Bank Jarang, "MBGB06" identifies this particular branch.

So, the full IFSC code PUNB0MBGB06 precisely identifies the Jarang branch of Bihar Gramin Bank under the Punjab National Bank sponsorship.

How to Use IFSC Code

Using an IFSC code is straightforward when you want to transfer money electronically. Here’s a general guide for NEFT, RTGS, and IMPS transactions:

1. Log In to Your Banking Platform: Access your online banking account through your bank’s website or mobile app.
2. Select Transfer Type: Choose the type of transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): Suitable for transfers of various amounts, processed in batches throughout the day.
   • RTGS (Real Time Gross Settlement): Ideal for larger value transfers, processed individually and immediately.
   • IMPS (Immediate Payment Service): Provides instant, 24/7 transfers, often used for mobile banking.
3. Add Beneficiary Details: If you haven’t transferred to this person or entity before, you’ll need to add them as a beneficiary. This usually involves providing:
   • The beneficiary’s full name.
   • Their bank account number.
   • The beneficiary’s bank name (e.g., Bihar Gramin Bank).
   • The beneficiary’s IFSC code (e.g., PUNB0MBGB06 for Jarang branch).
4. Enter Amount: Specify the amount of money you wish to transfer.
5. Review and Confirm: Double-check all the details, especially the account number and IFSC code, to ensure accuracy. Confirm the transaction using your PIN or password.

Once confirmed, the funds will be transferred according to the chosen service (NEFT, RTGS, or IMPS).

Benefits

Knowing and using the correct IFSC code offers several important benefits for secure and efficient banking:

• Ensures Accuracy: The IFSC code directs your funds to the exact bank and branch, minimizing the risk of errors or misdirected transfers.
• Facilitates Electronic Transfers: It is essential for all electronic fund transfer systems like NEFT, RTGS, and IMPS, enabling quick digital transactions.
• Enhances Security: By precisely identifying the destination, the IFSC code adds a layer of security to your financial transactions.
• Simplifies Inter-Bank Transfers: It makes it easy to send or receive money from accounts in different banks across India.
• Supports Online Banking: An IFSC code is a fundamental requirement for most online and mobile banking platforms when initiating a transfer to another bank.

Contact

If you need to get in touch with Bihar Gramin Bank, here are the relevant contact details:

Jarang Branch Phone Number: 9297954998

Jarang Branch Address: Jarang, VAISHALI, 844123

Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX ASOCHAK, PATNA-800030, BIHAR

Toll-Free Number (General Enquiries): 18001807777

FAQs

Here are some frequently asked questions about Bihar Gramin Bank and its IFSC code:

Q1: What is the IFSC code for Bihar Gramin Bank, Jarang branch?
A1: The IFSC code for Bihar Gramin Bank, Jarang branch, is PUNB0MBGB06.

Q2: Why did the IFSC code change for Bihar Gramin Bank branches?
A2: The IFSC code changed due to the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks merged to form the new entity, Bihar Gramin Bank. As part of this merger, all branches now use a single, unified IFSC code under the sponsorship of Punjab National Bank.

Q3: Can I still use an old UBGB or DBGB IFSC code for a transfer to a Bihar Gramin Bank branch?
A3: No, you cannot. All old IFSC codes associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. You must use the new and valid IFSC code, PUNB0MBGB06, for any electronic fund transfers to Bihar Gramin Bank branches, including Jarang.

Q4: What is the main difference between NEFT, RTGS, and IMPS?
A4: NEFT (National Electronic Funds Transfer) processes transactions in batches, typically clearing funds within a few hours. RTGS (Real Time Gross Settlement) settles transactions individually and immediately, making it suitable for high-value transfers. IMPS (Immediate Payment Service) offers instant, 24/7 fund transfers, often used via mobile banking platforms for quick payments.

Q5: Is the IFSC code unique to each bank branch?
A5: Yes, absolutely. The last six characters of the 11-digit IFSC code are unique to each specific bank branch. This uniqueness is what allows electronic fund transfer systems to direct money to the precise branch intended by the sender, ensuring accuracy and security in transactions.