The Santghat branch of Bihar Gramin Bank, located in the West Champaran district of Bihar, serves as a vital financial hub for the local community. For anyone needing to transfer funds, whether to family, friends, or businesses, understanding the Indian Financial System Code (IFSC) for this branch is crucial. This unique code is essential for all electronic money transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, these digital transactions cannot be completed.
Branch Details
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Santghat |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100253 |
| Branch Address | Santghat, WEST CHAMPARAN, 845438, 9297954087 |
| Contact Number | 9297954087 |
| City | WEST CHAMPARAN |
| District | WEST CHAMPARAN |
| Reason | BETTIAH |
| Pincode | 845438 |
| State | Bihar |
Merger Update for Bihar Gramin Bank Branches
For customers of what was formerly Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), it’s important to be aware of a significant change. These two regional rural banks have merged to form a unified entity, Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank. This merger means that all branches, including the Santghat branch, now operate under a single, standardized IFSC code. The new common IFSC code is PUNB0MBGB06.
Any old IFSC codes previously used for UBGB or DBGB branches have been revoked and are no longer valid for fund transfers. To ensure your transactions go through smoothly, you must use only the new IFSC code, PUNB0MBGB06, for all future NEFT, RTGS, and IMPS transfers to or from the Santghat branch or any other branch under Madhya Bihar Gramin Bank.
What is an IFSC Code?
An IFSC, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch in India that participates in electronic fund transfer systems like NEFT, RTGS, and IMPS. Think of it as a specific address for a bank branch in the digital banking world.
The structure of the IFSC code is standardized:
- The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
- The fifth character is always ‘0’ (zero). This is kept as a control character for future use, possibly for expansion or new features.
- The last six characters identify the specific branch. In our example, “MBGB06” identifies the specific branch within the Madhya Bihar Gramin Bank network.
This structure ensures that each branch has a distinct code, making sure your money goes to the correct destination branch.
How to Use an IFSC Code
Using an IFSC code is straightforward when you’re making an electronic fund transfer. Here’s a step-by-step guide for NEFT, RTGS, and IMPS:
- Log In: Access your net banking portal or mobile banking app using your credentials.
- Select Transfer Type: Choose the type of transfer you want to make: NEFT, RTGS, or IMPS.
- Add Beneficiary: If you haven’t transferred to this account before, you’ll need to add the beneficiary. This usually involves providing:
- Beneficiary Account Number (e.g., the recipient’s bank account number)
- Beneficiary Account Holder Name (e.g., the name on the recipient’s bank account)
- Beneficiary Bank Name (e.g., Bihar Gramin Bank)
- Beneficiary Branch Name (e.g., Santghat)
- Beneficiary IFSC Code (e.g., PUNB0MBGB06)
- Confirm Account Number (enter it twice to prevent errors)
You might need to wait a short period for the beneficiary to be activated, especially for net banking.
- Initiate Transfer: Once the beneficiary is added and activated, select them from your list.
- Enter Details: Input the amount you wish to transfer and, if required, a remark or purpose for the transfer (e.g., “Monthly Rent,” “Family Support”).
- Review and Confirm: Double-check all the details, especially the account number and IFSC code, to avoid any mistakes. Confirm the transaction.
- OTP/PIN: You will likely receive an OTP (One-Time Password) on your registered mobile number or need to enter your transaction PIN to authorize the payment.
Always verify the IFSC code directly from your recipient or their bank statement to ensure accuracy. Even a single digit error can cause delays or misdirection of funds.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for your bank branch offers several key advantages:
- Enables Electronic Transfers: It’s absolutely necessary for sending or receiving money via NEFT, RTGS, and IMPS, making financial transactions quick and efficient.
- Ensures Accuracy: The unique code helps route your funds to the precise branch and account, reducing the risk of errors or misdirected payments.
- Speeds Up Transactions: Automated processing using IFSC codes allows for faster settlement of funds compared to traditional methods.
- Facilitates Interbank Transfers: It connects different banks across India, allowing seamless transfers between various financial institutions.
- Reduces Manual Errors: By standardizing the identification process, it minimizes the chance of human error during fund routing.
- Required for Online Banking: Most online banking platforms and mobile apps will prompt you to enter the IFSC code for any new beneficiary you add.
Contact Information
If you need to get in touch with the Bihar Gramin Bank, Santghat branch, or the head office, here are the details:
- Santghat Branch Phone Number: 9297954087
- Santghat Branch Address: Santghat, WEST CHAMPARAN, 845438, BIHAR
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
Q1: Is the IFSC code PUNB0MBGB06 only for the Santghat branch?
A1: No, PUNB0MBGB06 is the unified IFSC code for all branches of Madhya Bihar Gramin Bank, which was formed from the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. So, it’s not specific to just Santghat, but covers the entire merged bank network under Punjab National Bank sponsorship.
Q2: What is the difference between NEFT, RTGS, and IMPS?
A2: All three are electronic fund transfer systems. NEFT processes transactions in batches at specific times, usually for smaller amounts. RTGS handles large-value transactions on a real-time, gross basis, meaning each transaction is settled individually as it happens. IMPS is an instant, 24/7 service that can be used for smaller amounts, typically through mobile banking.
Q3: What should I do if I enter a wrong IFSC code during a transfer?
A3: If the IFSC code is incorrect but the account number is valid for another branch, your money might go to the wrong account. If the IFSC code and account number combination does not exist, the transaction will usually fail, and the money will be returned to your account within a few hours or business days. Always double-check before confirming a transaction.
Q4: Can I find the IFSC code on my passbook or chequebook?
A4: Yes, the IFSC code is typically printed on your bank passbook and on the top left corner of your chequebook leaf. It’s also readily available on the bank’s official website or through online IFSC finder tools.
Q5: Is an IFSC code required for cash deposits at the branch counter?
A5: No, an IFSC code is not required for cash deposits made directly at the bank branch counter. It is only needed for electronic fund transfers like NEFT, RTGS, and IMPS where funds are moved between different bank accounts electronically.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.