Bihar Gramin Bank GHOSIYA KHURD IFSC Code

The Bihar Gramin Bank branch located in GHOSIYA KHURD, a village in the Rohtas district of Bihar, serves as a crucial financial hub for the local community. For any electronic money transfers, such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), knowing the correct IFSC (Indian Financial System Code) is essential. This unique 11-character code ensures that your funds reach the intended recipient’s bank account accurately and without delay, acting like a digital address for the branch.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	GHOSIYA KHURD
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6884
Branch Address	GHOSIYA KHURD, Rohtas, 802212, Bihar
Contact Number	9523596884
City	Rohtas
District	Rohtas
Region (Reason)	SASARAM
Pincode	802212
State	Bihar

Merger Update

Bihar Gramin Bank, like many regional rural banks (RRBs) in India, has undergone significant consolidation as part of the broader financial sector reforms. This particular branch, located in GHOSIYA KHURD, now operates under the umbrella of Madhya Bihar Gramin Bank. Madhya Bihar Gramin Bank is sponsored by Punjab National Bank (PNB).

Due to this consolidation, the IFSC code for this branch has been standardized. The current and only valid IFSC code for the GHOSIYA KHURD branch is PUNB0MBGB06. It is crucial to note that any old IFSC codes previously associated with Bihar Gramin Bank or Madhya Bihar Gramin Bank that do not begin with “PUNB0MBGB” are no longer valid for electronic fund transfers. Always use the updated code PUNB0MBGB06 to ensure your transactions are processed successfully.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code. It’s used to identify every bank branch in India participating in the NEFT, RTGS, and IMPS systems. Think of it as a specific digital address for a bank branch. The code is structured in a precise way:

• The first four characters identify the bank. For example, “PUNB” stands for Punjab National Bank, the sponsor bank for Madhya 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 uniquely identify the specific bank branch. In our case, “GB06” identifies the GHOSIYA KHURD branch within the Madhya Bihar Gramin Bank system.

How to Use an IFSC Code

You need the IFSC code when you’re sending money electronically through NEFT, RTGS, or IMPS. Here’s how it generally works:

1. Gather Recipient Details: Before initiating a transfer, make sure you have the beneficiary’s full name, account number, bank name, and the correct IFSC code. For this branch, the IFSC is PUNB0MBGB06.
2. Log in to Net Banking or Mobile Banking: Access your bank’s online platform or mobile application.
3. Select Fund Transfer Option: Choose between NEFT, RTGS, or IMPS, depending on the amount and urgency of your transfer.
4. Add Beneficiary: If you haven’t transferred money to this person before, you’ll need to add them as a new beneficiary. This involves entering their name, account number, account type (savings or current), and the IFSC code (PUNB0MBGB06).
5. Verify Details: Double-check all the entered information, especially the account number and IFSC code, to prevent errors. A wrong IFSC code could delay or misdirect your payment.
6. Confirm Transfer: Enter the amount you wish to send and confirm the transaction. You might receive an OTP (One Time Password) to authorize the payment.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several practical advantages:

• Accurate Fund Transfers: Ensures your money goes to the right recipient and bank branch without errors.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly.
• Avoid Transaction Failures: Incorrect or outdated IFSC codes are a common reason for failed electronic fund transfers.
• Essential for Online Transactions: Many online payment platforms and services require an IFSC for adding bank accounts or setting up direct debits.
• Easy Identification: Helps clearly identify a specific branch among thousands of bank branches across the country.

Contact Information

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

• Branch Phone Number: 9523596884
• Branch Address: GHOSIYA KHURD, Rohtas, 802212, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the old IFSC code for Bihar Gramin Bank still valid for the GHOSIYA KHURD branch?
A1: No, following the merger and consolidation, any old IFSC codes not starting with “PUNB0MBGB” are no longer valid. You must use the new and current IFSC code, PUNB0MBGB06, for all electronic fund transfers.

Q2: What is the significance of the “PUNB” prefix in the IFSC code PUNB0MBGB06?
A2: The “PUNB” prefix indicates that Punjab National Bank is the sponsor bank for Madhya Bihar Gramin Bank, under which the GHOSIYA KHURD branch now operates. This shows the regulatory and operational linkage.

Q3: Can I use the IFSC code for cash deposits or withdrawals at the branch?
A3: No, the IFSC code is specifically for electronic fund transfers (NEFT, RTGS, IMPS). For cash deposits or withdrawals, you simply need your account number and visit the branch in person or use an ATM.

Q4: How can I verify that PUNB0MBGB06 is the correct IFSC code for the GHOSIYA KHURD branch?
A4: You can verify the IFSC code by checking your bank passbook, official bank statements, the bank’s website, or by contacting the GHOSIYA KHURD branch directly at 9523596884 or the bank’s toll-free number 18001807777.

Q5: What happens if I use an incorrect IFSC code for an NEFT transfer?
A5: If you use an incorrect IFSC code, the transfer will likely fail and the funds will be returned to your account. In some rare cases, if the incorrect code belongs to another valid branch, the funds might be misdirected, causing significant delays and complications. Always double-check the IFSC.