Bihar Gramin Bank Karanpura IFSC Code

You’re looking for information about the Karanpura branch of Bihar Gramin Bank, specifically its IFSC code. This code is crucial for anyone needing to transfer money electronically within India, whether through NEFT, RTGS, or IMPS. It acts as a unique identifier for bank branches, ensuring your funds reach the correct destination quickly and securely. Knowing the correct IFSC code for the Karanpura branch ensures smooth and error-free transactions.

Branch Details Table

Here are the key details for the Bihar Gramin Bank, Karanpura branch:

Bank Name	Bihar Gramin Bank
Branch Name	Karanpura
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100607
Branch Address	Karanpura, SARAN, 841417, 9297955241
Contact Number	9297955241
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841417
State	Bihar

Merger Update

It’s important to understand the background of Bihar Gramin Bank. Previously, there were two regional rural banks in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged and are now known as Bihar Gramin Bank. This new entity operates under the sponsorship of Punjab National Bank.

As a result of this merger, all older IFSC codes belonging to UBGB and DBGB have been revoked. For any transaction to the Karanpura branch of Bihar Gramin Bank, or any other branch of this merged entity, you must use the new, consolidated IFSC code. The correct and only valid IFSC code for the Karanpura branch is PUNB0MBGB06. Using any old IFSC code will result in your transaction being rejected.

What is IFSC Code?

The IFSC, or Indian Financial System Code, is an 11-character alphanumeric code. It’s unique to each bank branch and is essential for all electronic fund transfers in India. Let’s break down its structure using our example, PUNB0MBGB06:

• The first four characters identify the bank. In this case, PUNB stands for Punjab National Bank, the sponsor bank of 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 identify the specific branch. Here, MBGB06 is the unique code for the Karanpura branch.

Understanding this structure helps you verify the code and ensure it matches the correct bank and branch.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you’re making an electronic fund transfer. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log in to your banking platform: Access your net banking portal or mobile banking app.
2. Select fund transfer option: Choose whether you want to initiate an NEFT, RTGS, or IMPS transaction.
3. Add beneficiary details: If you haven’t already, you’ll need to add the recipient (beneficiary) details. This usually includes:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary’s Branch Name (e.g., Karanpura)
   • The crucial IFSC Code (PUNB0MBGB06 for Karanpura branch)
4. Verify details: Double-check all entered information, especially the account number and IFSC code, to prevent any transfer errors.
5. Enter amount and confirm: Input the amount you wish to transfer and confirm the transaction.

The system uses the IFSC code to route your money to the correct branch of the recipient’s bank. For NEFT and RTGS, the Reserve Bank of India processes these transfers in batches or in real-time, respectively. IMPS offers instant transfers 24/7.

Benefits

Knowing the correct IFSC code offers several important benefits:

• Facilitates Electronic Transfers: It’s mandatory for all NEFT, RTGS, and IMPS transactions, enabling fast and secure digital money movement.
• Ensures Accuracy: The unique code directs funds to the exact intended branch, reducing the risk of money being sent to the wrong account.
• Saves Time: Electronic transfers using IFSC are much faster than traditional methods like cheques, often processing within minutes or a few hours.
• Convenience: You can send money from anywhere, anytime, using your banking app or website, without needing to visit a physical bank branch.
• Improved Security: The system relies on precise codes, adding a layer of security to your financial transactions.

Contact Section

If you need to get in touch with the bank, here are the relevant contact details:

• Karanpura Branch Phone Number: 9297955241
• Karanpura Branch Address: Karanpura, SARAN, 841417
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Customer Care): 18001807777

FAQs

Here are some frequently asked questions about IFSC codes and Bihar Gramin Bank:

Q1: Is PUNB0MBGB06 the only valid IFSC for Karanpura branch of Bihar Gramin Bank?
A1: Yes, following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, PUNB0MBGB06 is the official and only valid IFSC code for the Karanpura branch for all electronic fund transfers. Old IFSC codes are no longer active.

Q2: What is the purpose of the ‘0’ in the IFSC code?
A2: The fifth character, always a ‘0’, is kept blank for future use. It helps distinguish the bank code (first four characters) from the specific branch code (last six characters) within the 11-character structure.

Q3: Can I transfer money without an IFSC code?
A3: No, an IFSC code is mandatory for all electronic fund transfers in India, including NEFT, RTGS, and IMPS. Without it, the banking system cannot correctly route your transaction to the recipient’s branch.

Q4: What should I do if my electronic transfer fails using the IFSC code?
A4: First, double-check that you have entered the correct IFSC code (PUNB0MBGB06 for Karanpura) and the beneficiary’s account number. If the details are correct and the transfer still fails, contact your bank’s customer service or visit your branch for assistance. There might be other issues like daily transaction limits or network problems.

Q5: How can I find the IFSC code for other branches of Bihar Gramin Bank?
A5: You can typically find IFSC codes on the bank’s official website, your chequebook, your passbook, or by contacting the bank directly. Many third-party financial websites also provide IFSC code lookup tools, but it’s always best to verify with official bank sources.