Bihar Gramin Bank Karchui IFSC Code

This article will guide you through the details of the Bihar Gramin Bank branch located in Karchui, Siwan, Bihar. Understanding the Indian Financial System Code (IFSC) is crucial for secure and efficient money transfers. This unique 11-character code is essential for making online transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It helps identify your bank branch correctly, ensuring your funds reach the right recipient without delays or errors.

Branch Details

Here are the key details for the Bihar Gramin Bank branch in Karchui:

Bank Name	Bihar Gramin Bank
Branch Name	Karchui
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100684
Branch Address	Karchui, SIWAN, 841239, 9297955852
Contact Number	9297955852
City	SIWAN
District	SIWAN
Reason	SIWAN
Pincode	841239
State	Bihar

Merger Update

The banking landscape in rural areas often sees consolidations to improve services. While the branch name is Bihar Gramin Bank, the provided IFSC code PUNB0MBGB06 indicates that its operations, for transaction purposes, fall under the umbrella of Madhya Bihar Gramin Bank. This regional rural bank is sponsored by Punjab National Bank (PNB).

It is important to note that many regional rural banks in Bihar have undergone mergers or come under the sponsorship of larger public sector banks. As a result, older or different IFSC codes that might have been used by this branch or its predecessor entities are no longer valid. For all financial transactions involving the Karchui branch of Bihar Gramin Bank, you must use the updated and currently valid IFSC code: PUNB0MBGB06. Using any revoked or incorrect IFSC codes will lead to transaction failures.

What is an IFSC Code?

An IFSC code stands for Indian Financial System Code. It is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify each bank branch participating in online funds transfers. This code is crucial for directing your money to the correct branch across India.

The structure of an IFSC code is standard:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank (the sponsoring 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. In PUNB0MBGB06, “MBGB06” identifies the Karchui branch under Madhya Bihar Gramin Bank.

How to Use an IFSC Code

Using an IFSC code correctly is simple but vital for online fund transfers. Here’s how you typically use it for NEFT, RTGS, and IMPS:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select the Transfer Type: Choose the type of transfer you want to make – NEFT, RTGS, or IMPS.
3. Add a New Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter Beneficiary Details:
   • Beneficiary Name (the name of the person or entity you are sending money to).
   • Beneficiary Account Number (the account where the money will be deposited).
   • Confirm Beneficiary Account Number.
   • Bank Name (e.g., Madhya Bihar Gramin Bank).
   • IFSC Code (PUNB0MBGB06 for Karchui branch).
5. Verify Details: Double-check all entered information, especially the account number and IFSC code, to avoid mistakes.
6. Enter Amount and Confirm: Specify the amount you wish to transfer and confirm the transaction using your password or PIN.

The bank system uses the IFSC code to route your payment directly to the Karchui branch of Madhya Bihar Gramin Bank, where it is then credited to the beneficiary’s account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several advantages:

• Facilitates Online Transfers: It is mandatory for all NEFT, RTGS, and IMPS transactions, allowing you to send or receive money electronically.
• Ensures Accuracy: The unique code ensures your funds are directed to the specific branch and account you intend, reducing errors.
• Speeds Up Transactions: Automated routing via IFSC codes makes online transfers much faster than traditional methods like cheques.
• Reduces Manual Work: It minimizes the need for manual processing, making banking more efficient.
• Provides Security: The system is designed to be secure, with each code acting as a precise address for financial transactions.

Contact Information

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

• Branch Phone Number: 9297955852
• Branch Address: Karchui, SIWAN, 841239, 9297955852
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank customer care, for general queries related to sponsored RRBs): 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 only for the Karchui branch?
A1: Yes, the last six characters of the IFSC code are unique to a specific branch. So, PUNB0MBGB06 is specifically for the Bihar Gramin Bank, Karchui branch, operating under Madhya Bihar Gramin Bank.

Q2: What happens if I use an incorrect IFSC code during a transfer?
A2: If you use an incorrect IFSC code, your transaction will likely fail and be returned to your account. In some rare cases, if the incorrect code points to another valid branch or bank, your money might go to the wrong account, which can be difficult to recover. 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. It’s usually found near the branch address or account number section.

Q4: Why does the IFSC code start with “PUNB” if the bank name is Bihar Gramin Bank?
A4: The “PUNB” in the IFSC code indicates that Madhya Bihar Gramin Bank (under which this branch operates for transaction purposes) is sponsored by Punjab National Bank. The first four characters always identify the sponsoring or main bank responsible for the transactions.

Q5: Is the MICR code also important for online transfers?
A5: The MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. While it’s part of the branch details, it is generally not required for NEFT, RTGS, or IMPS online fund transfers.