Bihar Gramin Bank KARATH IFSC Code

The Karath branch of Bihar Gramin Bank is located in the Bhojpur district of Bihar. For anyone needing to send money to an account at this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code acts like a specific address for the bank branch, ensuring that electronic fund transfers through systems like NEFT, RTGS, and IMPS are routed correctly and securely to the intended recipient’s account.

Branch Details

Important Merger Update

Bihar Gramin Bank was formed by the merger of two regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). Following this amalgamation, the banking operations were sponsored by Punjab National Bank (PNB). As a result, a single, centralized IFSC code, PUNB0MBGB06, is now used for all branches of the newly formed Bihar Gramin Bank.

Please note that all old IFSC codes belonging to the former DBGB and UBGB are now invalid and have been revoked. Using an old code will result in a failed transaction. For any fund transfer to the Karath branch or any other Bihar Gramin Bank branch, you must use the new, valid IFSC code: PUNB0MBGB06.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is a unique 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 helps identify the specific branch in a transaction.

The structure of the IFSC code PUNB0MBGB06 can be broken down as follows:

• PUNB: The first four alphabetic characters represent the name of the sponsor bank, which is Punjab National Bank.
• 0: The fifth character is always a zero. It is a control character reserved for future use.
• MBGB06: The last six characters represent the branch identifier. In this case, it is a unified code used for Bihar Gramin Bank post-merger.

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 NEFT, RTGS, or IMPS, the steps are generally the same.

1. Log in to your bank’s internet banking portal or mobile banking application.
2. Navigate to the “Fund Transfer” section and choose the payment method (NEFT, RTGS, or IMPS).
3. Add the recipient as a “beneficiary.” You will need to provide their name, bank account number, and account type (savings or current).
4. Enter the Bihar Gramin Bank IFSC Code: PUNB0MBGB06.
5. After the beneficiary is added, you can initiate the transfer by entering the amount and confirming the transaction with your password or OTP.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The code routes your money to the exact bank and branch, eliminating the risk of it going to the wrong place.
• Prevents Delays: A correct IFSC code ensures that your transaction is processed smoothly and without unnecessary delays or rejections.
• Enables Automation: It allows the entire fund transfer process to be automated, making it fast and efficient.
• Required for All Transfers: It is a mandatory requirement for all major online payment systems in India, including NEFT, RTGS, and IMPS.

Contact Information

For any specific queries or assistance, you can contact the branch or the bank’s head office directly.

• Branch Contact Number: 9771464047
• Branch Address: KARATH, Bhojpur, Bihar – 802205
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. What is the current IFSC code for the Bihar Gramin Bank Karath branch?

The correct and current IFSC code for the Karath branch, and all other branches of Bihar Gramin Bank, is PUNB0MBGB06.

2. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?

No. All old IFSC codes associated with Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are now invalid after the merger. Using them will cause your transaction to fail.

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

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

4. What happens if I enter the wrong IFSC code during a transfer?

If the IFSC code you enter does not exist, the transaction will be rejected by your bank. If the code exists but belongs to a different branch, the funds might be credited to an unintended account or get stuck in the system, leading to delays and a lengthy reversal process.

5. Is PUNB0MBGB06 used for both NEFT and RTGS transactions?

Yes, this single IFSC code is used for all types of electronic fund transfers, including NEFT, RTGS, and IMPS, to any branch of Bihar Gramin Bank.

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.