Bihar Gramin Bank Sidhaw IFSC Code

The Bihar Gramin Bank branch located in Sidhaw, West Champaran, Bihar, plays a key role in serving the local community. For any electronic money transfer within India, like through NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) is absolutely essential. This code acts like a digital address, ensuring your funds reach the right bank and branch quickly and securely. Without it, these digital transactions cannot be processed.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Sidhaw
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100302
Branch Address	Sidhaw, WEST CHAMPARAN, 845105
Contact Number	9297954096
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845105
State	Bihar

Merger Update

Many regional rural banks (RRBs) in India have undergone mergers to create stronger, more efficient banking networks. The Bihar Gramin Bank, like other RRBs, operates under the sponsorship of a larger public sector bank, in this case, Punjab National Bank (PNB).

It is important to note that if a branch previously belonged to banks like Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) and has since been consolidated under the Punjab National Bank’s sponsored regional rural bank structure, then a unified IFSC code might be in use. For such merged entities, the single IFSC code PUNB0MBGB06 is now the standard for all transactions under the Punjab National Bank’s umbrella for this specific RRB structure. Old IFSC codes that were used by UBGB or DBGB for their respective branches before any such merger or consolidation are no longer valid. For the Bihar Gramin Bank, Sidhaw branch, the valid and operational IFSC code for all financial transactions is PUNB0MBGB06.

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 this code to every bank branch that participates in online money transfers.

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank.
• The fifth character is always a “0” (zero). This is kept as a control character for future use.
• The last six characters uniquely identify the specific branch. In PUNB0MBGB06, “MBGB06” is the unique code for the Sidhaw branch.

This structure ensures that money is routed correctly and safely to the intended recipient’s bank account, even when transacting across different banks and cities.

How to Use IFSC Code

You will need the IFSC code for various electronic fund transfer methods:

• NEFT (National Electronic Funds Transfer):
  1. Log in to your net banking account or visit your bank branch.
  2. Go to the “Funds Transfer” section and select “NEFT.”
  3. Add the beneficiary by providing their name, account number, account type, and the correct IFSC Code (e.g., PUNB0MBGB06).
  4. Enter the amount you wish to transfer and confirm the transaction.
• RTGS (Real Time Gross Settlement):
  1. Access your net banking portal or visit a bank branch.
  2. Choose “RTGS” for high-value transfers (typically 2 lakh rupees and above).
  3. Provide the beneficiary’s details, including their name, account number, and the correct IFSC Code.
  4. Specify the amount. Funds are transferred in real-time.
• IMPS (Immediate Payment Service):
  1. Open your mobile banking app or use internet banking.
  2. Select “IMPS” for instant transfers.
  3. You can usually send money using the beneficiary’s Mobile Number and MMID (Mobile Money Identifier) or by using their Account Number and IFSC Code (PUNB0MBGB06).
  4. Enter the amount and authorize the payment.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages for your banking needs:

• It enables secure and accurate fund transfers to the right bank and branch.
• It facilitates faster processing of NEFT, RTGS, and IMPS transactions, ensuring timely money movement.
• The unique code provides clear identification for each bank branch, reducing the chances of errors.
• It is essential for setting up online bill payments, loan EMIs, and other recurring digital transactions.
• It supports the growth of digital banking by simplifying electronic transactions.

Contact Section

For any queries or assistance related to the Bihar Gramin Bank, Sidhaw branch, you can use the following contact information:

• Branch Phone Number: 9297954096
• Branch Address: Sidhaw, WEST CHAMPARAN, 845105, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

What is the IFSC code for Bihar Gramin Bank Sidhaw branch?

The IFSC code for Bihar Gramin Bank, Sidhaw branch, located in West Champaran, Bihar, is PUNB0MBGB06.

Why is the 5th character of the IFSC code always zero?

The fifth character of an IFSC code is always ‘0’ (zero). This character is reserved by the Reserve Bank of India (RBI) for future use. It acts as a control character, allowing for potential expansion or changes in the IFSC structure without affecting existing codes.

Can I use an old IFSC code if my bank merged?

No, if your bank branch has undergone a merger or consolidation, old IFSC codes become invalid. It is crucial to always use the new, updated IFSC code for any transactions to ensure your funds reach the correct destination. For Bihar Gramin Bank branches under the Punjab National Bank sponsorship, codes like PUNB0MBGB06 are the correct ones.

Is the IFSC code different from the SWIFT code?

Yes, the IFSC code and SWIFT (Society for Worldwide Interbank Financial Telecommunication) code are different. The IFSC code is used for domestic electronic fund transfers within India, while the SWIFT code is used for international wire transfers to send money to banks outside India. You will typically only need the IFSC code for transactions within India.

How can I verify the IFSC code before making a transfer?

You can verify an IFSC code through several methods: check your bank’s official website, use the RBI’s official website, look at your bank passbook or checkbook, or contact your bank’s customer service. Always double-check the code to avoid transaction errors.