Bihar Gramin Bank KARGAHAR IFSC Code

If you’re looking for banking services in KARGAHAR, a town located in the Rohtas district of Bihar, understanding the Indian Financial System Code (IFSC) for its bank branches is essential. The IFSC is a unique 11-character code used by banks to identify individual branches in India. This code is crucial for all electronic fund transfers, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, you cannot send or receive money electronically from one bank account to another.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	KARGAHAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7362
Branch Address	KARGAHAR, Rohtas, 821107, 9771464362
Contact Number	9771464362
City	Rohtas
District	Rohtas
Pincode	821107
State	Bihar

Merger Update

The KARGAHAR branch, originally part of Bihar Gramin Bank, is now a part of Madhya Bihar Gramin Bank. Madhya Bihar Gramin Bank was formed through the merger of Bihar Gramin Bank and Samastipur Kshetriya Gramin Bank. This new, consolidated entity is sponsored by Punjab National Bank. Because of this merger, all branches of the former Bihar Gramin Bank, including KARGAHAR, now use the IFSC codes designated for Madhya Bihar Gramin Bank, which are sponsored by Punjab National Bank.

The current and valid IFSC code for the KARGAHAR branch is PUNB0MBGB06. It is very important to know that any old IFSC codes previously used by Bihar Gramin Bank are no longer valid for electronic fund transfers. Always use this updated code for NEFT, RTGS, and IMPS transactions to ensure your money reaches the correct recipient without delays.

What is an IFSC Code?

The IFSC Code stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers in India. Understanding its structure can help you verify the code:

• The first four characters represent the bank name. For the KARGAHAR branch, PUNB indicates Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In the case of KARGAHAR, MBGB06 pinpoints this particular branch of Madhya Bihar Gramin Bank.

This unique code ensures that your funds are transferred to the exact branch and account you intend, making electronic transactions secure and reliable.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you want to send money electronically. Here’s how it works for common transfer methods:

• For NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches. When initiating a NEFT transaction, you will need the recipient’s name, their account number, the bank’s name, and the correct IFSC code for their branch.
• For RTGS (Real Time Gross Settlement): RTGS is used for large-value transactions, where funds are transferred individually and in real-time. Like NEFT, you will need the beneficiary’s name, account number, bank name, and the precise IFSC code.
• For IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. For IMPS, you’ll provide similar details: the beneficiary’s name, account number, bank, and its IFSC code. Some IMPS transactions can also be done using a mobile number and MMID (Mobile Money Identifier).

Always double-check the IFSC code and the recipient’s account details before confirming any transfer. A small error can lead to the transaction being delayed or even sent to the wrong account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch or the branch you are sending money to offers several benefits:

• It enables fast and secure electronic fund transfers, ensuring your money reaches its destination quickly.
• It provides a unique identification for each specific bank branch across India, eliminating confusion.
• It significantly reduces the chances of errors in transactions, as the code directs funds precisely.
• It is mandatory for all online transactions like NEFT, RTGS, and IMPS, making it a critical piece of information for modern banking.
• It helps in streamlining the banking process by standardizing branch identification for interbank transfers.

Contact Information

For inquiries related to the KARGAHAR branch or Madhya Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9771464362
• Branch Address: KARGAHAR, Rohtas, 821107, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about the IFSC code for Bihar Gramin Bank’s KARGAHAR branch:

Q1: What is the IFSC code for Bihar Gramin Bank KARGAHAR branch?
A1: The IFSC code for the KARGAHAR branch, which is now part of Madhya Bihar Gramin Bank, is PUNB0MBGB06.

Q2: Why does the IFSC code start with ‘PUNB0’ instead of something related to ‘Bihar Gramin Bank’?
A2: The ‘PUNB0’ prefix indicates that Madhya Bihar Gramin Bank, which the KARGAHAR branch belongs to, is sponsored by Punjab National Bank. The initial four characters always represent the sponsoring bank for regional rural banks.

Q3: Can I still use an old IFSC code for Bihar Gramin Bank KARGAHAR for transfers?
A3: No, you should not use any old IFSC codes. Following the merger that formed Madhya Bihar Gramin Bank, all previous IFSC codes for Bihar Gramin Bank branches are no longer valid. Always use the current code, PUNB0MBGB06.

Q4: What does ‘MBGB’ in the IFSC code PUNB0MBGB06 stand for?
A4: ‘MBGB’ stands for Madhya Bihar Gramin Bank, which is the current name of the bank operating the KARGAHAR branch after the merger.

Q5: Is the KARGAHAR branch directly a part of Punjab National Bank?
A5: No, the KARGAHAR branch is part of Madhya Bihar Gramin Bank. Punjab National Bank is the sponsoring bank for Madhya Bihar Gramin Bank, providing support and oversight, but they are separate entities.