Bihar Gramin Bank Sargatia IFSC Code

In the vibrant rural heartland of Bihar, specifically in the Sargatia area of West Champaran district, banking services play a crucial role for local residents and businesses. To ensure smooth and secure electronic money transfers, such as through NEFT, RTGS, and IMPS, understanding your bank’s IFSC code is essential. This unique code acts like a digital address, ensuring your funds reach the correct branch without any hitches. It’s a fundamental piece of information for modern banking convenience.

Branch Details

Here are the key details for the Bihar Gramin Bank, Sargatia branch:

Bank Name	Bihar Gramin Bank
Branch Name	Sargatia
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108036
Branch Address	Sargatia, WEST CHAMPARAN, 845307, 9297954088
Contact Number	9297954088
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845307
State	Bihar

Merger Update

For those familiar with banking in Bihar, it’s important to note a significant change. Previously, there were two distinct regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). To strengthen the rural banking network and offer more streamlined services, these two banks formally merged on July 1, 2019.

The result of this merger is the creation of the unified Bihar Gramin Bank. This new entity is sponsored by Punjab National Bank. As part of this consolidation, all branches that once belonged to UBGB or DBGB now operate under Bihar Gramin Bank. Critically, a new, unified IFSC code structure was introduced for all its branches. The IFSC code for Sargatia branch, PUNB0MBGB06, is part of this new system.

This means that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are now revoked and no longer valid for financial transactions. To ensure your funds are transferred correctly to any Bihar Gramin Bank branch, including Sargatia, you must use the new and valid IFSC code, PUNB0MBGB06.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is a unique 11-character alphanumeric code. It’s used by the Reserve Bank of India (RBI) to identify individual bank branches participating in electronic funds transfer systems like NEFT, RTGS, and IMPS. Think of it as a specific postal code for financial transactions.

Let’s break down the structure of an IFSC code using PUNB0MBGB06 as an example:

• First 4 characters: These represent the bank name. In our example, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• Fifth character: This character is always ‘0’ (zero). It’s kept as a control character for future use by the RBI.
• Last 6 characters: These uniquely identify the specific bank branch. For Sargatia, “MBGB06” points directly to this particular location within Bihar Gramin Bank.

This systematic structure ensures that every branch involved in electronic transfers has its own distinct identity.

How to Use an IFSC Code

Using an IFSC code for online fund transfers is straightforward. Here are the steps you’ll typically follow:

1. Log in to your online banking: Access your bank’s net banking portal or mobile banking app.
2. Select fund transfer option: Choose services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add beneficiary: If you’re sending money to a new recipient, you’ll need to add them as a beneficiary. This usually involves providing their name, account number, account type (savings, current, etc.), and the IFSC code of their bank branch. For the Sargatia branch, this would be PUNB0MBGB06.
4. Verify details: Double-check all the information you’ve entered, especially the account number and IFSC code, to prevent errors.
5. Enter amount and confirm: Specify the amount you wish to transfer and confirm the transaction.

The IFSC code is crucial in step 3, as it directs your money to the correct bank and specific branch, ensuring the transfer is successful.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several important benefits:

• Enables online transfers: It is mandatory for all electronic fund transfers like NEFT, RTGS, and IMPS, making digital banking possible.
• Ensures accuracy: The unique code guarantees that money is sent to the precise bank branch, reducing the chances of misdirected funds.
• Speeds up transactions: By identifying the exact branch, the processing time for interbank transfers is significantly reduced.
• Adds security: It acts as an additional layer of verification, ensuring legitimate transfers between banking institutions.
• Easy bill payments: Many online bill payment services and e-commerce platforms require the beneficiary’s IFSC code for direct bank transfers.

Contact Information

For any inquiries or assistance regarding Bihar Gramin Bank Sargatia branch, you can use the following contact details:

• Branch Phone Number: 9297954088
• Branch Address: Sargatia, WEST CHAMPARAN, 845307, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are answers to some common questions about the Bihar Gramin Bank Sargatia branch and its IFSC code:

Q1: Can I still use the old IFSC code for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank for Sargatia branch?
A: No. Following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, all old IFSC codes are revoked. You must use the new and unified IFSC code PUNB0MBGB06 for all transactions to the Sargatia branch.

Q2: What should I do if I enter the wrong IFSC code during a transaction?
A: If you enter an incorrect IFSC code, the transaction will likely fail and the funds will not be debited from your account. If the funds are debited but sent to a wrong account due to an incorrect IFSC code and account number combination, it can be very difficult to recover. Always double-check both the account number and IFSC code before confirming any transfer.

Q3: Is Bihar Gramin Bank a government bank?
A: Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are government-sponsored banks operating at the regional level in various states of India. They are jointly owned by the Government of India, the state government, and a sponsor bank. In this case, Punjab National Bank is the sponsor bank.

Q4: Where can I find the IFSC code for my Bihar Gramin Bank account?
A: You can usually find your branch’s IFSC code on your bank passbook, chequebook, or on the bank’s official website. You can also find it on the official RBI website or by using reliable online banking tools.

Q5: What is the purpose of the ‘0’ (zero) as the fifth character in the IFSC code?
A: The fifth character, which is always ‘0’ (zero), acts as a control character. The Reserve Bank of India (RBI) reserves this digit for future use. It helps maintain the unique structure and allows for potential expansion or changes in the IFSC system without altering existing codes too drastically.