Bihar Gramin Bank Garahi IFSC Code

Located in the Vaishali district of Bihar, the Garahi branch of Bihar Gramin Bank plays an important role for the local community. When you need to send or receive money digitally, understanding the bank’s Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address, ensuring that your funds reach the correct bank and branch without errors. It is essential for various electronic fund transfer systems, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, these modern banking transactions cannot be completed.

Branch Details

Here are the specific details for the Bihar Gramin Bank, Garahi branch:

Bank Name	Bihar Gramin Bank
Branch Name	Garahi
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100131
Branch Address	Garahi, VAISHALI, 844117, 9297954985
Contact Number	9297954985
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844117
State	Bihar

Merger Update

Bihar Gramin Bank, like many regional rural banks (RRBs) in India, has undergone significant structural changes and mergers over time. For branches now operating under the Punjab National Bank (PNB) sponsorship, a standardized IFSC code format has been adopted. Historically, there were separate entities such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) serving different regions of Bihar.

Today, these banks, along with others, have been part of a larger consolidation process. The IFSC code PUNB0MBGB06 for the Garahi branch reflects its current affiliation under the regional rural bank structure sponsored by Punjab National Bank, commonly known as Madhya Bihar Gramin Bank. It is critical to understand that if you previously used IFSC codes associated with older, pre-merger entities like UBGB or DBGB for any financial transactions, those old codes have now been revoked and are no longer valid. For all current and future transactions, only the new IFSC code, such as PUNB0MBGB06, should be used.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alpha-numeric code that uniquely identifies every bank branch in India. It is crucial for electronic fund transfers.

The structure of the IFSC code is specific:

• 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 Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control character.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the Garahi branch.

This standardized format helps ensure that funds are directed to the correct bank and branch without any ambiguity, reducing the chances of errors in financial transactions.

How to Use IFSC Code

Using the IFSC code is straightforward and essential for various digital payment methods:

• For NEFT (National Electronic Funds Transfer): When initiating an NEFT payment, you will need the beneficiary’s name, account number, bank name, and the correct IFSC code for their branch. The system uses the IFSC to route the funds from your bank account to the beneficiary’s account in batches.
• For RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically for amounts of 2 lakh rupees or more. Similar to NEFT, you will need the beneficiary’s name, account number, bank name, and their branch’s IFSC code. RTGS transactions are processed individually and in real-time.
• For IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers. For an IMPS transaction, you can use either the beneficiary’s account number and IFSC code, or their mobile number and MMID (Mobile Money Identifier). The IFSC ensures the funds are credited to the correct bank branch instantly.

Always double-check the IFSC code, along with the account number, before initiating any transfer to avoid delays or misdirected funds.

Benefits of Knowing IFSC Code

Having the correct IFSC code provides several important benefits:

• Ensures Accuracy: It helps prevent errors in online fund transfers, ensuring money reaches the intended recipient’s bank account.
• Enables Digital Transactions: It is a mandatory requirement for NEFT, RTGS, and IMPS, making digital banking possible and convenient.
• Faster Processing: With the correct IFSC, transactions are processed efficiently, reducing delays in fund transfers.
• Security: It adds an extra layer of security by verifying the exact branch where the funds need to be sent.
• Convenience: You can easily send or receive money from anywhere in India without needing to visit a physical bank branch.

Contact Information

For inquiries related to the Garahi branch of Bihar Gramin Bank, you can use the following details:

• Branch Phone Number: 9297954985
• Branch Address: Garahi, VAISHALI, 844117, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

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

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A: No, each branch of Bihar Gramin Bank (or any bank) has a unique IFSC code. While the first four characters might be the same for branches under the same sponsor bank (e.g., PUNB for Punjab National Bank-sponsored RRBs), the last six characters will be different to identify each specific branch.

Q2: What is the MICR code for Garahi branch?
A: The MICR (Magnetic Ink Character Recognition) code for Bihar Gramin Bank, Garahi branch, is 800811002. This code is primarily used for processing physical cheques.

Q3: Can I transfer money using only the account number?
A: No, for NEFT, RTGS, or IMPS transactions, you generally need both the beneficiary’s account number and the correct IFSC code of their bank branch. The IFSC code directs the funds to the specific branch, while the account number ensures it goes to the correct individual account within that branch.

Q4: What should I do if I enter a wrong IFSC code?
A: If you enter an incorrect IFSC code, your transaction will likely fail. The banking system will detect the mismatch and reject the transfer, and the funds will usually be returned to your account. However, in rare cases where the wrong IFSC code points to another valid branch with a matching account number, funds could be sent incorrectly. Always verify the details carefully before confirming a transaction.

Q5: How can I find the IFSC code for other Bihar Gramin Bank branches?
A: You can find IFSC codes on your cheque book, bank passbook, or by visiting the official website of Bihar Gramin Bank (or its sponsor bank, Punjab National Bank). Many reliable financial websites also provide IFSC lookup tools.