Bihar Gramin Bank Barsauni IFSC Code

When you need to send or receive money, especially in a place like Barsauni in the Purnia district of Bihar, understanding bank codes is essential. The Indian Financial System Code, or IFSC, is a unique identifier that makes sure your money goes to the right bank and branch. Whether you are using online banking for NEFT, RTGS, or IMPS, the IFSC code is a crucial piece of information that guarantees secure and accurate fund transfers.

Branch Details

This table provides the specific details for the Bihar Gramin Bank branch in Barsauni.

Bank Name	Bihar Gramin Bank
Branch Name	Barsauni
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108009
Branch Address	Barsauni, PURNIA, 854326, 9297955801
Contact Number	9297955801
City	PURNIA
District	PURNIA
Reason	PURNEA
Pincode	854326
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the merger of two important regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger brought together banking operations across a wider region in Bihar. Following this consolidation, Bihar Gramin Bank is now sponsored by Punjab National Bank (PNB).

As a result of this sponsorship and merger, all branches of Bihar Gramin Bank, including Barsauni, now use IFSC codes that begin with “PUNB”. The specific IFSC code for the Barsauni branch is PUNB0MBGB06. It is important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid for transactions. To ensure your fund transfers are successful, you must only use the new, consolidated IFSC code provided, such as PUNB0MBGB06 for the Barsauni branch. Using an old or incorrect code will cause your transaction to fail.

What is an IFSC Code?

An IFSC code is an 11-character code used to identify all bank branches involved in electronic fund transfers. Think of it as a unique address for each bank branch in India. This code helps the banking system direct your money to the correct location.

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

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank of Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is kept as a control digit for future use.
• The last six characters identify the specific bank branch. For the Barsauni branch, “MBGB06” is its unique branch identifier.

This structure makes sure that every branch has its own distinct code, preventing any mix-ups during transactions.

How to Use an IFSC Code

You will need the IFSC code for various types of electronic fund transfers. Here’s how you typically use it:

• NEFT (National Electronic Funds Transfer): When setting up an NEFT transfer through your bank’s online portal or mobile app, you’ll enter the recipient’s bank name, account number, and the IFSC code of their specific branch. This system handles transfers in batches throughout the day.
• RTGS (Real Time Gross Settlement): For large-value transactions (usually above 2 lakhs), RTGS allows for immediate, one-to-one fund transfers. Similar to NEFT, you’ll need the recipient’s bank name, account number, and their branch’s IFSC code.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking or internet banking. Besides the recipient’s account number, you’ll also provide the IFSC code for their branch to ensure the immediate transfer.

In all these methods, the IFSC code is crucial for the system to correctly identify the destination branch.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for any branch you need to send money to, offers several advantages:

• Accurate Fund Transfers: It ensures your money reaches the right bank and branch without errors.
• Faster Transactions: Correct IFSC codes help speed up NEFT, RTGS, and IMPS processes.
• Prevents Transaction Failures: Using the right code avoids delays or rejections of your fund transfers.
• Facilitates Online Banking: It’s a key piece of information for managing your finances and making payments through digital platforms.
• Receiving Payments: If someone needs to send you money, providing your accurate IFSC code makes it easy for them to transfer funds to your account.

Contact Information

For specific inquiries related to the Barsauni branch or general banking services, you can use the following contact details:

• Barsauni Branch Phone Number: 9297955801
• Barsauni Branch Address: Barsauni, PURNIA, 854326, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank Customer Care, for sponsored banks): 18001807777

FAQs

Q1: Is an IFSC code required for all bank transactions?
A1: An IFSC code is specifically required for electronic fund transfers like NEFT, RTGS, and IMPS. For cash deposits or withdrawals at the branch, or using an ATM, you typically do not need the IFSC code.

Q2: Can I find the IFSC code on my passbook or chequebook?
A2: Yes, the IFSC code for your bank branch is usually printed on the first page of your passbook and on the top left corner of your cheque leaves. You can also find it on your bank’s official website or through online IFSC lookup tools.

Q3: What happens if I enter the wrong IFSC code during a transaction?
A3: If you enter an incorrect IFSC code, your transaction will likely fail or be rejected by the banking system. The funds will usually be returned to your account. It’s crucial to double-check the code before confirming any transfer to avoid delays.

Q4: Is the IFSC code unique for every bank branch in India?
A4: Yes, every bank branch in India that participates in electronic fund transfers has a unique 11-character IFSC code. No two branches share the same code, ensuring accurate routing of funds.

Q5: How do NEFT, RTGS, and IMPS differ in their use of the IFSC code?
A5: While all three require an IFSC code, they differ in processing time and transaction limits. NEFT processes transactions in batches, RTGS offers real-time processing for large amounts, and IMPS provides instant, 24/7 transfers for smaller amounts. The IFSC code’s role is consistent across all: to accurately identify the destination branch.