The Bihar Gramin Bank branch located in KARAH, within the Nalanda district of Bihar, serves as an important hub for financial services in the region. When you need to transfer money electronically, whether it’s for paying bills, sending funds to family, or making online purchases, an IFSC (Indian Financial System Code) is absolutely essential. This unique code ensures that your money reaches the correct bank and branch without any errors through systems like NEFT, RTGS, and IMPS.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | KARAH |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7170 |
| Branch Address | KARAH, Nalanda, 803117, 9771464170 |
| Contact Number | 9771464170 |
| City | Nalanda |
| District | Nalanda |
| Reason | BIHARSHARIF |
| Pincode | 803117 |
| State | Bihar |
Merger Update
Over time, some regional rural banks in Bihar have gone through restructuring. For example, entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged. This has led to a more streamlined banking structure. For branches that now operate under this unified framework, the common IFSC code is PUNB0MBGB06. This code falls under the sponsorship of Punjab National Bank. It’s very important to know that any old IFSC codes previously used by UBGB or DBGB branches are no longer valid. All electronic transactions must now use the new unified IFSC code, PUNB0MBGB06, to ensure funds are transferred correctly.
What is an IFSC Code?
An IFSC code is an 11-character alphanumeric code that uniquely identifies every bank branch in India. It’s like a specific address for a bank branch in the digital world. Let’s break down its structure using PUNB0MBGB06 as an example:
- The first four characters represent the bank. In our example, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
- The fifth character is always a “0” (zero). This is kept as a control character for future use.
- The last six characters identify the specific branch. For the KARAH branch of Bihar Gramin Bank, these are “MBGB06”.
This unique combination ensures that your money is sent to the exact branch you intend, preventing mistakes in financial transfers.
How to Use an IFSC Code
You’ll need the IFSC code for various types of electronic fund transfers. Here’s how it typically works for common methods:
NEFT (National Electronic Funds Transfer)
NEFT is used for transferring money from one bank account to another across India. It usually processes transactions in batches during banking hours. To use NEFT:
- Log in to your bank’s online banking portal or mobile app.
- Select “NEFT” as the transfer type.
- Add the beneficiary’s (recipient’s) details: their name, account number, bank name, and the correct IFSC code (PUNB0MBGB06 for KARAH branch).
- Enter the amount you wish to transfer.
- Confirm the details and complete the transaction.
RTGS (Real-Time Gross Settlement)
RTGS is for large-value transactions, typically for amounts of 2 lakh rupees or more. It processes transfers individually and in real-time, meaning the money moves instantly. To use RTGS:
- Access your online banking or visit your bank branch.
- Choose “RTGS” as the transfer method.
- Provide the beneficiary’s name, account number, bank name, and the correct IFSC code (PUNB0MBGB06).
- Specify the amount (minimum 2 lakh rupees).
- Review all information carefully before authorizing the transfer.
IMPS (Immediate Payment Service)
IMPS allows for instant, 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent transfers. To use IMPS:
- Open your bank’s mobile banking app or internet banking.
- Select “IMPS” for transfer.
- Enter the beneficiary’s mobile number and MMID (Mobile Money Identifier), or their account number and IFSC code (PUNB0MBGB06).
- Input the amount to send.
- Verify the details and proceed with the payment.
Benefits of Knowing Your IFSC Code
Having the correct IFSC code is crucial for several reasons:
- Accuracy: It ensures your money goes to the exact intended bank branch, reducing the risk of transfer errors.
- Speed: It enables quick processing of electronic fund transfers, getting money where it needs to be faster.
- Security: By uniquely identifying branches, it adds a layer of security to online transactions.
- Mandatory for Digital Transfers: It is a required field for all NEFT, RTGS, and IMPS transactions.
- Convenience: Knowing the code makes setting up new payees in your online banking simple and fast.
Contact
If you need to get in touch with the Bihar Gramin Bank KARAH branch or its head office, here are the details:
- Branch Phone Number: 9771464170
- Branch Address: KARAH, Nalanda, 803117, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
FAQs
Q1: Is the IFSC code for Bihar Gramin Bank KARAH branch the same for all types of transactions?
A1: Yes, the IFSC code PUNB0MBGB06 is used for all electronic fund transfers like NEFT, RTGS, and IMPS to the Bihar Gramin Bank KARAH branch.
Q2: What should I do if I enter a wrong IFSC code during a transfer?
A2: If you enter an incorrect IFSC code, the transaction will likely fail and the funds will be returned to your account. However, if the incorrect code leads to another valid account, recovering the money can be difficult. Always double-check the IFSC code before confirming any transfer.
Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on the first page of your bank passbook and on cheque leaves issued by the bank.
Q4: Does the IFSC code change if the bank undergoes a merger?
A4: Yes, as explained in the Merger Update section, if banks merge or restructure, their old IFSC codes might become invalid. A new unified IFSC code, like PUNB0MBGB06, is then issued for the merged entity, and all transactions must use this new code.
Q5: What is the difference between an IFSC code and a MICR code?
A5: An IFSC code (Indian Financial System Code) is an 11-character code used for online fund transfers (NEFT, RTGS, IMPS). A MICR code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing cheques. Both identify bank branches but serve different purposes in the banking system.
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.