Bihar Gramin Bank Bankerwa IFSC Code

When you need to send or receive money electronically from the Bihar Gramin Bank branch in Bankerwa, Saran, Bihar, an Indian Financial System Code, or IFSC, is absolutely essential. This unique code acts like a digital address, ensuring your funds reach the correct bank and branch without any issues. Whether you’re making a transfer through NEFT, RTGS, or IMPS, having the right IFSC code for the Bankerwa branch is the first step to a smooth transaction.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	Bankerwa
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100566
Branch Address	Bankerwa, SARAN, 841215, 9973599893
Contact Number	9973599893
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841215
State	Bihar

Merger Update

For customers of what was formerly Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it’s important to note a significant change. Both banks have merged to form the single entity now known as Bihar Gramin Bank. Following this merger, all branches operate under a unified IFSC structure, sponsored by Punjab National Bank.

This means that any old IFSC codes previously associated with UBGB or DBGB branches are now revoked and are no longer valid for any electronic transactions. For the Bankerwa branch, and indeed for all Bihar Gramin Bank branches, the only valid IFSC code to use for transfers is PUNB0MBGB06. Always use this new code to ensure your transactions are processed correctly and without delays.

What is an IFSC Code?

An IFSC Code is an 11-character alphanumeric code used to identify all bank branches participating in online money transfers in India. It’s crucial for the Reserve Bank of India (RBI) to process NEFT, RTGS, and IMPS transactions correctly. Here’s how the code is structured:

• The first four characters represent the bank name. For Bihar Gramin Bank, it is “PUNB” because it is sponsored by Punjab National Bank.
• The fifth character is always “0” (zero). This is a control character reserved for future use.
• The last six characters identify the specific branch. For the Bankerwa branch, these are “MBGB06”.

So, PUNB0MBGB06 breaks down into: PUNB (Bank Code) + 0 (Control Digit) + MBGB06 (Branch Code).

How to Use the IFSC Code

Knowing the IFSC code is key for various electronic fund transfer methods. Here’s how you’ll typically use it:

• NEFT (National Electronic Funds Transfer): This system processes transfers in batches. When initiating an NEFT transaction, you will need the beneficiary’s name, account number, account type, and the correct IFSC code (PUNB0MBGB06 for Bankerwa branch). The funds are usually credited within a few hours during banking hours.
• RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically Rs. 2 lakh and above, offering immediate settlement. Similar to NEFT, you will provide the beneficiary’s details, including their name, account number, and the Bankerwa branch’s IFSC code (PUNB0MBGB06). The transfer happens in real-time.
• IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. When using IMPS through mobile banking or internet banking, you’ll enter the beneficiary’s mobile number, MMID (Mobile Money Identifier), or account number and IFSC code (PUNB0MBGB06).

Always double-check the IFSC code and other beneficiary details before confirming a transaction to avoid delays or incorrect transfers.

Benefits of Knowing the IFSC Code

Understanding and using the correct IFSC code offers several advantages for financial transactions:

• Accurate Fund Transfers: Ensures your money reaches the intended beneficiary’s specific bank branch without error.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions more quickly and efficiently.
• Avoids Rejections: Transactions are less likely to be rejected due to incorrect branch identification.
• Secure Transactions: Adds an extra layer of verification, reducing the chances of fraud.
• Convenience: Makes online banking and mobile banking transfers straightforward and hassle-free.

Contact Information

If you need to get in touch with the Bihar Gramin Bank for the Bankerwa branch or its head office, here are the contact details:

• Bankerwa Branch Phone Number: 9973599893
• Bankerwa Branch Address: Bankerwa, SARAN, 841215, Bihar
• 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 Bankerwa IFSC Code:

Q1: Is PUNB0MBGB06 the only IFSC code for Bihar Gramin Bank, Bankerwa branch?
A1: Yes, following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, PUNB0MBGB06 is the unified and only valid IFSC code for the Bankerwa branch.

Q2: What should I do if I used an old UBGB or DBGB IFSC code by mistake?
A2: If you used an old, revoked IFSC code, your transaction is likely to be rejected by the system. The money should be credited back to your account within a few business days. Always verify the IFSC code before initiating a transfer.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is usually printed on the first page of your bank passbook and on the top left corner of your cheque leaves. However, ensure it’s the updated code, especially after a merger.

Q4: Is the MICR code also important for online transfers?
A4: While the IFSC code is crucial for online fund transfers (NEFT, RTGS, IMPS), the MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. It helps in speeding up the clearance of cheques.

Q5: How can I confirm the IFSC code if I’m unsure?
A5: You can confirm the IFSC code by checking the official Bihar Gramin Bank website, contacting your branch directly at 9973599893, or by using the official RBI website’s bank directory.