Bihar Gramin Bank Sikarpur IFSC Code

The Sikarpur branch of Bihar Gramin Bank, located in WEST CHAMPARAN, Bihar, is a crucial financial hub for the local community. When you need to transfer funds electronically, whether through NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) for this branch is essential. This unique code ensures your money reaches the right bank and branch quickly and securely.

Branch Details Table

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

Bank Name	Bihar Gramin Bank
Branch Name	Sikarpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100298
Branch Address	Sikarpur, WEST CHAMPARAN, 845455, 9297954094
Contact Number	9297954094
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845455
State	Bihar

Merger Update

Bihar Gramin Bank, including its Sikarpur branch, operates under the sponsorship of Punjab National Bank. This bank itself was formed through the amalgamation of several regional rural banks, such as Madhya Bihar Gramin Bank. As a result of these mergers, all branches of Bihar Gramin Bank now use a unified IFSC code structure. The specific IFSC code for the Sikarpur branch, PUNB0MBGB06, reflects this change.

It’s important to understand that any older IFSC codes previously used by the constituent banks that merged to form Bihar Gramin Bank are now invalid. For all electronic fund transfers to or from the Sikarpur branch, or any other Bihar Gramin Bank branch, you must use the new, unified IFSC code PUNB0MBGB06. Using an old or incorrect code will lead to transaction failure.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code. The Reserve Bank of India (RBI) assigns these codes to identify every bank branch participating in electronic funds transfer systems in India. This code acts like a digital address for a specific bank branch.

The 11 characters of an IFSC code are structured in a particular way:

• The first four characters represent the bank’s name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use and remains constant across all IFSC codes.
• The last six characters identify the specific branch. In our example, “MBGB06” refers to the Sikarpur branch within the Bihar Gramin Bank system under PNB’s sponsorship.

This standardized format ensures that each branch has a distinct identifier, preventing errors in financial transactions.

How to Use IFSC Code

You will need the IFSC code when initiating electronic fund transfers through services like NEFT, RTGS, or IMPS. Here’s a general guide on how to use it:

1. Log In: Access your net banking portal or mobile banking app. Alternatively, visit your bank branch to fill out a physical NEFT/RTGS form.
2. Select Transfer Type: Choose the type of fund transfer you wish to make (e.g., NEFT, RTGS, or IMPS).
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This typically requires their bank account number, account holder’s name, and the branch’s IFSC code.
4. Enter IFSC Code: Input the correct IFSC code for the Bihar Gramin Bank Sikarpur branch, which is PUNB0MBGB06, into the designated field.
5. Enter Details: Provide the beneficiary’s account number, account holder’s name, the amount you wish to transfer, and any remarks.
6. Confirm and Transact: Review all the entered details carefully. Once confirmed, authorize the transaction using your password, PIN, or OTP.

Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong recipient.

Benefits of Knowing IFSC Code

Knowing the correct IFSC code offers several advantages for your banking needs:

• Enables Electronic Transfers: It is mandatory for NEFT, RTGS, and IMPS, allowing for quick and efficient money transfers across different banks.
• Ensures Accuracy: The unique code precisely identifies the recipient’s bank and branch, minimizing errors in transactions.
• Facilitates Inter-Bank Transactions: Makes it possible to send or receive money from any bank account in India to another, regardless of the bank.
• Saves Time: Electronic transfers are much faster than traditional methods like cheques, especially for urgent payments.
• Improves Security: The system is designed to be secure, with each transaction linked to specific identifiers, reducing the risk of fraud.

Contact Information

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

• Branch Phone Number: 9297954094
• Branch Address: Sikarpur, WEST CHAMPARAN, 845455

For general queries or to reach the head office of Bihar Gramin Bank:

• 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 Sikarpur IFSC code:

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?

A1: No, while the first seven characters (PUNB0MBGB) are common, the last six characters are specific to each branch. So, PUNB0MBGB06 is specifically for the Sikarpur branch. Other branches will have different last six characters.

Q2: What is the difference between an IFSC code and a MICR code?

A2: The IFSC code (Indian Financial System Code) is used for electronic fund transfers (NEFT, RTGS, IMPS). The MICR code (Magnetic Ink Character Recognition) is an 9-digit code primarily used for processing cheques. While both identify bank branches, their uses are different.

Q3: Can I find the IFSC code on my chequebook?

A3: Yes, the IFSC code is typically printed on the top left corner of your cheque leaves. You can also find it on your bank passbook, bank statements, or by contacting your bank directly.

Q4: What happens if I use an incorrect IFSC code for a transfer?

A4: If you use an incorrect IFSC code, your electronic fund transfer will most likely fail. The system will detect that the code does not match the beneficiary’s bank and branch details, and the transaction will not go through. The funds will typically be returned to your account.

Q5: Is Bihar Gramin Bank a public sector bank?

A5: Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are government-owned banks that primarily cater to rural and agricultural sectors. They are sponsored by larger public sector banks, in this case, Punjab National Bank.