Bihar Gramin Bank KACHNATH IFSC Code

The Bihar Gramin Bank branch in Kachnath is located in the Bhojpur district of Bihar. For anyone looking to send or receive money online through this branch, understanding the Indian Financial System Code (IFSC) is essential. This unique 11-character code is required for all major electronic fund transfer systems in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code ensures that your money is routed correctly to the specific bank branch you intend, preventing errors and delays in transactions.

Branch Details

Here are the specific details for the Bihar Gramin Bank, Kachnath branch.

Important Merger Update

Previously, banking in the region was handled by two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since been merged to form a single entity, now known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).

As a result of this merger, all old IFSC codes, particularly those belonging to the former UBGB and DBGB, have been discontinued. It is crucial to note that only the new IFSC codes, which start with “PUNB” to reflect the sponsorship by Punjab National Bank, are valid. For any online transaction with the Kachnath branch, you must use the new code PUNB0MBGB06. Using an old code will result in a failed transaction.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer network. This code uniquely identifies each branch and is essential for routing money correctly. The structure is consistent across all banks.

Let’s break down the IFSC code for the Kachnath branch, PUNB0MBGB06:

• PUNB: The first four letters represent the bank’s name. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• 0: The fifth character is always a zero. It is reserved for future use by the RBI.
• MBGB06: The last six characters identify the specific branch. For the Kachnath branch, this unique identifier is ‘MBGB06’.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online fund transfer is a straightforward process, whether you are using NEFT, RTGS, or IMPS. The steps are generally the same across all banking platforms.

1. Log in to your net banking portal or mobile banking app.
2. Navigate to the ‘Fund Transfer’ section. Select the payment method you wish to use (NEFT, RTGS, or IMPS).
3. Add a Beneficiary. You will need to add the recipient’s bank account details. This is usually a one-time process.
4. Enter the Beneficiary’s Details. You will be asked for the recipient’s name, account number, account type (savings or current), and the bank’s IFSC code. For the Kachnath branch, you would enter PUNB0MBGB06.
5. Verify and Confirm. Double-check all the details, especially the account number and IFSC code, to ensure accuracy. Enter the transaction amount and proceed. You may need to enter an OTP (One-Time Password) sent to your registered mobile number to authorize the payment.

Benefits of Using the Correct IFSC Code

Knowing and using the correct IFSC code provides several practical benefits:

• Ensures Accuracy: The primary function of the code is to direct your funds to the exact bank and branch, eliminating the risk of money going to the wrong account.
• Prevents Transaction Failures: An incorrect IFSC code is one of the most common reasons for a transaction to be rejected. Using the right code ensures your payment goes through successfully.
• Faster Processing: Correct codes allow for automated, straight-through processing by the banking system, which speeds up credit to the beneficiary’s account.
• Identifies a Specific Branch: It helps in clearly identifying a branch, which is useful for other banking activities like submitting cheques for clearance.

Contact Information

For any direct queries, you can reach out to the branch or the head office.

• Branch Phone Number: 7091596916
• Branch Address: KACHNATH, Bhojpur, Bihar – 802204
• Head Office Address: Bihar Gramin Bank, SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?

The code starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The first four letters of the IFSC code always represent the sponsor or parent bank.

What happens if I use an old IFSC code from before the merger?

If you use an old, discontinued IFSC code (from the former UBGB or DBGB), your transaction will fail. The funds will be reversed and returned to your account, but this can cause delays. Always use the new code, PUNB0MBGB06, for the Kachnath branch.

Is the IFSC code the same for all branches of Bihar Gramin Bank?

No. While the first part of the code (‘PUNB0’) might be common, the last six characters are unique to each branch. For example, the code for the Kachnath branch is PUNB0MBGB06, but another branch in a different town will have a different six-character identifier.

How can I find the IFSC code for a different branch of Bihar Gramin Bank?

You can find the IFSC code for any branch on your bank’s official website, on a cheque leaf from the specific branch, or on your bank passbook. You can also contact the branch directly to confirm the code.

Are NEFT, RTGS, and IMPS services available at the Kachnath branch?

Yes, as a participant in the electronic fund transfer network, the Bihar Gramin Bank branch at Kachnath supports all major online payment methods, including NEFT, RTGS, and IMPS.

Kriti Kumari

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.