Bihar Gramin Bank Karaila IFSC Code

The Karaila branch of Bihar Gramin Bank is located in the Bhagalpur district of Bihar. For anyone needing to send or receive money through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code acts like a specific address for the bank branch, ensuring that online fund transfers through systems like NEFT, RTGS, and IMPS are routed correctly and securely. Without the right IFSC code, your transaction could be delayed or rejected.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Karaila
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	Karaila, Bhagalpur, 812004, Bihar
Contact Number	8102928366
City	Bhagalpur
District	Bhagalpur
State	Bihar

Important Merger Update

Previously, Bihar had two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since 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 belonging to the former UBGB and DBGB branches are now invalid. For all transactions with any branch of the newly formed Bihar Gramin Bank, you must use the new IFSC codes. Attempting to use an old IFSC code will cause your transaction to fail. The correct IFSC code for the Karaila branch is PUNB0MBGB06.

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 identify every bank branch participating in the electronic funds transfer network. This code is crucial for making sure money goes to the correct destination.

The structure of the IFSC code can be broken down easily. Let’s use the Karaila branch code, PUNB0MBGB06, as an example:

• First 4 Characters (PUNB): These letters represent the bank’s name. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• Fifth Character (0): This is always a zero. It is reserved for future use by the RBI.
• Last 6 Characters (MBGB06): This part is the unique identifier for the specific branch. In this instance, ‘MBGB06’ points directly to the Karaila branch.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a straightforward process. Whether you are using your bank’s mobile app or internet banking website, the steps are generally the same.

1. Log in to your internet banking account or mobile banking app.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select the type of transfer you want to make: NEFT, RTGS, or IMPS.
4. Add a new beneficiary (the person or account you are sending money to).
5. You will be prompted to enter the beneficiary’s details, including their name, account number, and the bank’s IFSC code. For the Karaila branch, you would enter PUNB0MBGB06.
6. Double-check all the details to ensure they are correct, then confirm the transaction, usually with an OTP or transaction password.

Benefits of Using the Correct IFSC Code

• Accuracy: It eliminates errors by ensuring your money is sent to the exact bank and branch you intend.
• Speed: Correct codes allow for faster, automated processing of transactions without manual intervention.
• Security: The code is a key part of the security framework for electronic payments, reducing the risk of misdirected funds.
• Universal Requirement: It is mandatory for all major online payment methods in India, including NEFT for batch transfers, RTGS for high-value real-time transfers, and IMPS for instant 24/7 transfers.

Contact Information

For direct assistance, you can reach out to the branch or the bank’s head office.

• Branch Contact: 8102928366
• Branch Address: Karaila, Bhagalpur, 812004, Bihar
• Head Office Address: Bihar Gramin Bank, SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
The first four letters of the IFSC code represent the sponsor bank. Since Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank after the merger, the code begins with ‘PUNB’.

2. What happens if I use an old IFSC code from Dakshin Bihar Gramin Bank?
If you use an old, discontinued IFSC code, your transaction will be rejected. The funds will eventually be credited back to your account, but it can cause delays. Always use the new, updated IFSC code for successful transfers.

3. Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
No. This IFSC code is specific to the Karaila branch. Each branch of Bihar Gramin Bank has its own unique IFSC code to identify it. You must use the specific code for the branch where the recipient’s account is held.

4. What is the difference between an IFSC code and a MICR code?
The IFSC code is used for electronic fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf and is used for the faster processing of cheques.

5. Where can I find the IFSC code for my bank branch?
You can find the IFSC code printed on your bank-issued chequebook and passbook. It is also available on your bank’s official website and mobile banking application.