Bihar Gramin Bank Gadai Sarai IFSC Code

The Bihar Gramin Bank branch in Gadai Sarai, located in the Vaishali district of Bihar, serves as an important hub for local banking needs. When you need to send or receive money digitally, understanding specific bank codes is crucial. The IFSC code, or Indian Financial System Code, acts like a unique digital address for bank branches. It’s essential for carrying out secure and fast fund transfers through systems like NEFT, RTGS, and IMPS, ensuring your money reaches the correct recipient without delays or errors.

Bihar Gramin Bank, Gadai Sarai Branch Details

Here are the key details for the Bihar Gramin Bank branch in Gadai Sarai:

Bank Name	Bihar Gramin Bank
Branch Name	Gadai Sarai
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100170
Branch Address	Gadai Sarai, VAISHALI, 844101, 9297954984
Contact Number	9297954984
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844101
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed through the merger of various regional rural banks, including what was previously known as Uttar Bihar Gramin Bank (UBGB) and Madhya Bihar Gramin Bank (MBGB). All branches operating under Bihar Gramin Bank now use a unified IFSC code structure. The Gadai Sarai branch, like others, uses the IFSC code PUNB0MBGB06. This code signifies its sponsorship by Punjab National Bank (PUNB) and its identity as a Regional Rural Bank (MBGB – representing the merged entity Bihar Gramin Bank).

It is very important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank, Dakshin Bihar Gramin Bank (if applicable to a merged entity), or other predecessor banks are now revoked. For any financial transactions, only the new, standardized IFSC code, such as PUNB0MBGB06, is valid. Using an outdated IFSC code will lead to transaction failures and delays.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online funds transfers. Think of it as a specific address for a bank branch within the Indian banking system.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For Gadai Sarai’s code, PUNB stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, MBGB06 is the unique identifier for this particular branch.

This organized structure ensures that every digital payment goes directly to the intended branch, making transactions both efficient and secure.

How to Use the IFSC Code

You will need the IFSC code for various types of electronic fund transfers. Here’s how it is typically used for NEFT, RTGS, and IMPS transactions:

• For NEFT (National Electronic Funds Transfer): This system allows for batch-wise transfer of funds. When initiating an NEFT transfer through your bank’s online portal or mobile app, you will input the recipient’s bank account number, their name, and the branch’s IFSC code (PUNB0MBGB06 for Gadai Sarai). The funds are processed in hourly batches and usually credited within a few hours.

• For RTGS (Real Time Gross Settlement): RTGS is for large value transactions, typically Rs. 2 lakh and above. Transfers are processed individually and in real-time. Similar to NEFT, you will need the recipient’s account number, name, and the correct IFSC code (PUNB0MBGB06). RTGS transactions are faster for larger amounts.

• For IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. It is available through mobile banking or internet banking. You will require the recipient’s mobile number and MMID (Mobile Money Identifier) or their bank account number and the IFSC code (PUNB0MBGB06). IMPS is widely used for quick, smaller value transfers.

Always double-check the IFSC code, account number, and recipient name before confirming any transaction to avoid errors.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code for your bank branch, and for any recipient, offers several key advantages:

• It ensures that online fund transfers (NEFT, RTGS, IMPS) are directed to the correct bank branch without mistakes.
• It allows for quick and efficient processing of digital payments, saving time compared to traditional methods.
• The unique nature of the code adds a layer of security, reducing the risk of funds being sent to the wrong account.
• It is necessary for receiving payments from other banks, whether from individuals or businesses.
• Knowing the IFSC code helps in various banking activities beyond direct transfers, such as linking accounts or applying for services where branch identification is needed.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank, Gadai Sarai branch, or general banking inquiries, you can use the following contact details:

• Branch Phone Number: 9297954984
• Branch Address: Gadai Sarai, VAISHALI, 844101, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

What is the IFSC code for Bihar Gramin Bank, Gadai Sarai branch?

The IFSC code for Bihar Gramin Bank, Gadai Sarai branch is PUNB0MBGB06.

Is the IFSC code for Bihar Gramin Bank branches consistent across the state?

No, the IFSC code is unique for each bank branch. While the first four characters (PUNB) and the fifth character (0) might be consistent for all Bihar Gramin Bank branches under Punjab National Bank sponsorship, the last six characters will differ for every individual branch.

What should I do if I use the wrong IFSC code for a transaction?

If you enter an incorrect IFSC code, the transaction will likely fail and the funds will not be debited from your account or will be returned. If the funds are debited and sent to a wrong but valid account, you should immediately contact your bank to report the error and seek assistance in recovering the funds.

Can I find the IFSC code on my passbook or chequebook?

Yes, the IFSC code for your specific branch is typically printed on your bank’s passbook and on the top portion of your chequebook leaves. It’s an easy way to verify the correct code.

Is the IFSC code required for cash deposits or withdrawals at the branch?

No, the IFSC code is generally not required for basic cash deposits or withdrawals made directly at your bank branch counter. It is primarily used for electronic fund transfers between different banks or branches.