Bihar Gramin Bank Sathi IFSC Code

The Sathi branch of Bihar Gramin Bank is located in West Champaran, Bihar, with the pincode 845449. When you need to send or receive money electronically, such as through NEFT, RTGS, or IMPS, having the correct IFSC code is essential. This unique code helps ensure your funds go to the right bank and branch without any issues, making your transactions smooth and secure.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Sathi
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100208
Branch Address	Sathi, WEST CHAMPARAN, 845449, 9297954091
Contact Number	9297954091
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845449
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the merger of various regional rural banks in Bihar. This includes banks like the former Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). As part of this consolidation and its sponsorship by Punjab National Bank, a single, unified IFSC code structure has been adopted. For the Sathi branch of Bihar Gramin Bank, the valid IFSC code is PUNB0MBGB06.

It is important to note that any old IFSC codes previously used by these merged banks are now revoked. For all electronic fund transfers, you must use only the new, updated IFSC code PUNB0MBGB06.

What is an IFSC Code?

The IFSC code, which stands for Indian Financial System Code, is a unique 11-character identifier. It helps identify every bank branch participating in online money transfers. This code is crucial for ensuring your funds reach the exact branch you intend. The 11 characters are structured in a specific way:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific bank branch. In this case, ‘MBGB06’ points to the Sathi branch within Bihar Gramin Bank.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you’re making online money transfers through NEFT, RTGS, or IMPS. Here’s how you generally use it:

1. Log in to Net Banking or Mobile Banking: Access your bank’s online platform or mobile app.
2. Select Transfer Type: Choose the type of transfer you want to make – NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary: If you haven’t transferred to this person before, you’ll need to add them as a beneficiary. This usually requires their name, account number, account type, and the IFSC code of their bank branch.
4. Enter IFSC Code: Carefully type in the correct IFSC code, which is PUNB0MBGB06 for the Sathi branch.
5. Enter Amount and Confirm: Input the amount you wish to transfer and then review all the details before confirming the transaction. This includes the beneficiary’s name, account number, and the IFSC code.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code provides several key advantages for your banking transactions:

• Accurate Fund Transfers: It ensures that your money is sent to the precise bank and branch, avoiding errors.
• Faster Processing: Correct IFSC codes help speed up the processing of NEFT, RTGS, and IMPS transactions.
• Security: It adds a layer of security by making sure funds are routed through recognized financial channels.
• Convenience: You can easily send money to any bank account across India from your home or office.

Contact Details

For any inquiries related to the Bihar Gramin Bank Sathi branch, you can use the following contact information:

• Branch Phone Number: 9297954091
• Branch Address: Sathi, WEST CHAMPARAN, 845449
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about IFSC codes and the Bihar Gramin Bank Sathi branch:

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is specific to the Sathi branch of Bihar Gramin Bank. Each branch has its own unique IFSC code. You should always confirm the correct code for the specific branch you are transacting with.

Q2: What should I do if I use an incorrect IFSC code for a transfer?
A2: If you use an incorrect IFSC code, the transaction will most likely fail, and the funds will be returned to your account. However, if the incorrect code belongs to an actual bank branch and account number, the funds might be credited to the wrong account. In such cases, contact your bank immediately for assistance.

Q3: Can I find the IFSC code on my bank passbook?
A3: Yes, the IFSC code is typically printed on the first page of your bank passbook or on your cheque book. You can also find it on your bank’s official website or through online banking portals.

Q4: What is the difference between NEFT, RTGS, and IMPS?
A4: NEFT (National Electronic Funds Transfer) processes transactions in batches, usually within a few hours. RTGS (Real Time Gross Settlement) processes transactions individually and in real-time, making it faster, especially for larger amounts. IMPS (Immediate Payment Service) is an instant payment system available 24/7, suitable for smaller, immediate transfers.

Q5: Is the MICR code also important for online transfers?
A5: While the IFSC code is crucial for NEFT, RTGS, and IMPS, the MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. It helps identify the bank and branch for cheque processing, but it’s not required for online electronic transfers.