Bihar Gramin Bank Hat Saraiya IFSC Code

The Bihar Gramin Bank branch in Hat Saraiya, located in the West Champaran district of Bihar, serves as an important hub for local financial activities. Understanding its Indian Financial System Code (IFSC) is crucial for anyone looking to transfer money electronically. The IFSC code is like a unique address for a bank branch. It is essential for facilitating secure and efficient online fund transfers through systems such as National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, these digital transactions cannot be processed.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Hat Saraiya
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100278
Branch Address	Hat Saraiya, Bettiah, WEST CHAMPARAN, Bihar – 845438
Contact Number	9297954049
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Pincode	845438
State	Bihar

Merger Update

Bihar Gramin Bank operates under the sponsorship of Punjab National Bank. The bank itself was formed through the merger of various regional rural banks, including Madhya Bihar Gramin Bank. This integration means that the bank’s IFSC codes, such as PUNB0MBGB06, begin with “PUNB” to signify its sponsoring bank, Punjab National Bank, and “MBGB” for Madhya Bihar Gramin Bank, reflecting its heritage within the current merged entity. This code is the standard for all electronic transactions.

It is important to note that any older IFSC codes associated with previously independent entities that merged to form Bihar Gramin Bank are no longer valid. For instance, if you had an IFSC code from Madhya Bihar Gramin Bank before the merger, it would have been revoked. Only the new, consolidated IFSC code, like PUNB0MBGB06, is now valid for all fund transfers involving the Hat Saraiya branch.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers within India. Think of it as a specific digital address for a bank branch, making sure your money goes to the right place. Here’s how it is structured:

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank.
• The fifth character is always a zero (0). This character is kept as a placeholder for future use.
• The last six characters identify the specific branch. For the Hat Saraiya branch, “MBGB06” is its unique branch identifier within the Bihar Gramin Bank system, under the Punjab National Bank sponsorship.

So, for Hat Saraiya branch, the code PUNB0MBGB06 precisely points to this particular location.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you are making online fund transfers. Here are the steps for different types of transactions:

• For NEFT (National Electronic Funds Transfer):
  1. Log in to your internet banking portal or mobile banking app.
  2. Go to the “Fund Transfer” section.
  3. Select “NEFT.”
  4. Add the beneficiary’s details: their name, account number, bank name (Bihar Gramin Bank), and the branch’s IFSC code (PUNB0MBGB06).
  5. Enter the amount you wish to transfer and confirm the transaction.
• For RTGS (Real Time Gross Settlement):
  1. Access your online banking platform.
  2. Choose “Fund Transfer” and then “RTGS.”
  3. Provide the beneficiary’s name, account number, Bihar Gramin Bank as the receiving bank, and the Hat Saraiya branch’s IFSC code (PUNB0MBGB06).
  4. Input the transfer amount. RTGS is typically used for larger value transactions, often above Rs. 2 lakhs.
  5. Review the details and confirm the transfer.
• For IMPS (Immediate Payment Service):
  1. Open your mobile banking app or internet banking site.
  2. Select the “IMPS” option under fund transfers.
  3. You will need either the beneficiary’s account number and IFSC code (PUNB0MBGB06), or their Mobile Money Identifier (MMID) and mobile number.
  4. Enter the amount you want to send.
  5. Confirm the transaction for instant credit.

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

Benefits of Knowing Your IFSC Code

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

• Enables Digital Transfers: It is mandatory for all NEFT, RTGS, and IMPS transactions, allowing for quick and paperless money movement.
• Ensures Accuracy: The unique code helps route funds to the exact bank and branch, minimizing the risk of errors in transfers.
• Saves Time: It eliminates the need for physical visits to the bank for deposits or withdrawals for beneficiaries, saving valuable time.
• Facilitates Bill Payments: Many online bill payment services and merchant transactions require an IFSC code for direct bank transfers.
• Boosts Security: By precisely identifying the destination, it adds an extra layer of security to financial transactions.

Contact Information

For any queries or assistance related to the Hat Saraiya branch or general banking services, you can use the following contact details:

• Hat Saraiya Branch Phone Number: 9297954049
• Hat Saraiya Branch Address: Hat Saraiya, Bettiah, WEST CHAMPARAN, Bihar – 845438
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Customer Care Number: 18001807777

FAQs

Here are some common questions about IFSC codes and their use:

Q1: Why is the Hat Saraiya branch’s IFSC code starting with “PUNB”?

A1: The “PUNB” prefix indicates that Bihar Gramin Bank operates under the sponsorship of Punjab National Bank. This is a common practice for regional rural banks.

Q2: Can I use an old IFSC code for Bihar Gramin Bank?

A2: No, you should always use the current and valid IFSC code. Old codes, especially from banks that merged to form Bihar Gramin Bank, are no longer active and will result in failed transactions.

Q3: What if I enter the wrong IFSC code during a transfer?

A3: If you enter an incorrect IFSC code, your transaction will likely fail and the money will not be transferred. In some cases, if the code is for another valid branch, the funds might go to the wrong account. Always verify the IFSC code carefully.

Q4: Do I need an IFSC code for cash deposits at the branch?

A4: No, an IFSC code is specifically for electronic fund transfers. For cash deposits or withdrawals directly at the branch counter, you only need the account number and your identification.

Q5: Is the IFSC code the same as the MICR code?

A5: No, they are different. The IFSC code (Indian Financial System Code) is used for online fund transfers. The MICR code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing cheques. While both identify a bank branch, their purposes are distinct.