The Bihar Gramin Bank branch in Bansohi, located in the Saran district of Bihar, plays a crucial role for local residents needing banking services. When you need to send or receive money electronically, such as through National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the Indian Financial System Code (IFSC) for this branch is essential. This unique code ensures that your funds reach the correct bank and branch without any issues, making transactions smooth and secure.
Branch Details Table
| Bank Name | Bihar Gramin Bank |
| Branch Name | Bansohi |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100573 |
| Branch Address | Bansohi, SARAN, 841217, 9297955229 |
| Contact Number | 9297955229 |
| City | SARAN |
| District | SARAN |
| Reason | CHAPRA |
| Pincode | 841217 |
| State | Bihar |
Merger Update
Bihar Gramin Bank is a Regional Rural Bank sponsored by Punjab National Bank (PNB). It was formed from the merger of Madhya Bihar Gramin Bank and the original Bihar Gramin Bank. This consolidation aimed to streamline operations and provide better banking services across the region.
It is important to note that if a branch previously belonged to other regional rural banks, such as Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), and has now been brought under a unified structure or a sponsoring bank like Punjab National Bank, their old IFSC codes would have been revoked. For the Bansohi branch of Bihar Gramin Bank, the valid IFSC code for all financial transactions is PUNB0MBGB06. Always use this new code for any fund transfers to ensure your money reaches its intended destination correctly.
What is IFSC Code?
The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers. This code is crucial for ensuring that electronic transactions like NEFT, RTGS, and IMPS are routed to the correct destination branch across India.
The structure of an IFSC code is divided into three main parts:
- The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
- The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
- The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” refers to the Bansohi branch of Bihar Gramin Bank.
This systematic structure helps in preventing errors during financial transactions, making the entire process efficient and reliable.
How to Use IFSC Code
Using the IFSC code correctly is vital for any online fund transfer. Here’s a step-by-step guide for NEFT, RTGS, and IMPS:
- Log In to Net Banking or Mobile Banking: Access your bank’s online platform or mobile application using your credentials.
- Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
- Add Beneficiary (If New): If you’re sending money to a new recipient, you’ll need to add them as a beneficiary. This usually requires their name, account number, account type (savings, current), and the IFSC code of their bank branch.
- Enter Transfer Details:
- Beneficiary Account Number: Input the recipient’s bank account number.
- Beneficiary Name: Enter the recipient’s full name as per their bank records.
- IFSC Code: Carefully enter PUNB0MBGB06 for the Bansohi branch. Double-check for any typos.
- Amount: Specify the amount you wish to transfer.
- Remarks: Optionally, add a note for the transaction.
- Confirm and Authenticate: Review all the details, especially the IFSC code and account number. Confirm the transaction, usually by entering an OTP (One-Time Password) sent to your registered mobile number or using a transaction password.
After successful authentication, the funds will be transferred. NEFT transactions are processed in batches, RTGS transactions are processed in real-time for large amounts, and IMPS provides instant transfers 24/7.
Benefits of Knowing IFSC Code
Knowing the correct IFSC code for your bank branch, or for any recipient’s branch, offers several key benefits:
- Accurate Fund Transfers: Ensures that money is routed to the exact bank and branch, minimizing the risk of funds going to the wrong account.
- Faster Transactions: Facilitates quick processing of NEFT, RTGS, and IMPS transfers, reducing waiting times for both sender and receiver.
- Enhanced Security: The unique identification helps in tracking transactions and adds a layer of security to electronic banking.
- Convenience: Allows for seamless online banking operations from anywhere, at any time, without needing to visit a physical bank branch for transfers.
- Bill Payments and Online Shopping: Many online services and merchants require an IFSC code for direct bank transfers as a payment method.
Contact Section
If you need to contact the Bansohi branch of Bihar Gramin Bank or its head office, here are the details:
- Bansohi Branch Phone Number: 9297955229
- Bansohi Branch Address: Bansohi, SARAN, 841217, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number (Punjab National Bank Sponsored RRBs): 18001807777
FAQs
What is the IFSC code for Bihar Gramin Bank Bansohi branch?
The IFSC code for Bihar Gramin Bank, Bansohi branch, is PUNB0MBGB06.
Is the MICR code necessary for all online transactions?
No, the MICR code is primarily used for clearing physical cheques. For online fund transfers like NEFT, RTGS, or IMPS, only the IFSC code is required.
What does “PUNB” signify in the IFSC code PUNB0MBGB06?
“PUNB” signifies Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
Can I use an old IFSC code if the bank has merged or changed its code?
No, it is crucial to always use the most current and valid IFSC code. If a bank has merged or its codes have changed, old IFSC codes will not work and may lead to transaction failures or funds being stuck.
What is the difference between NEFT, RTGS, and IMPS for fund transfers?
NEFT (National Electronic Funds Transfer) processes transactions in batches, typically clearing funds within a few hours. RTGS (Real Time Gross Settlement) is for large-value transfers (minimum Rs. 2 lakh) and processes transactions individually in real-time. IMPS (Immediate Payment Service) allows instant, 24/7 transfers for smaller amounts, typically up to Rs. 5 lakh.
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.