Bihar Gramin Bank KARIYADPUR IFSC Code

The Bihar Gramin Bank branch in KARIYADPUR, Gaya, Bihar, serves as an important financial hub for the local community. To handle money transfers electronically, whether sending funds to family, paying bills, or managing business transactions, you need specific bank details. Among these, the Indian Financial System Code, or IFSC code, is essential. It acts like a unique digital address for each bank branch, ensuring that your funds reach the correct recipient quickly and securely through systems like NEFT, RTGS, and IMPS.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	KARIYADPUR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7237
Branch Address	KARIYADPUR, Gaya, 824832, 9771464237
Contact Number	9771464237
City	Gaya
District	Gaya
Reason	GAYA
Pincode	824832
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank operates as a Regional Rural Bank (RRB), sponsored by Punjab National Bank. To streamline banking operations and offer better services, the current Bihar Gramin Bank was formed through a significant merger. This involved the former Madhya Bihar Gramin Bank (MBGB) and the erstwhile Bihar Gramin Bank.

As a result of this merger, all branches under the new Bihar Gramin Bank now use a standardized IFSC code structure. The IFSC code PUNB0MBGB06 for the KARIYADPUR branch reflects this. The ‘PUNB’ part shows its sponsorship by Punjab National Bank, and ‘MBGB’ indicates its lineage from Madhya Bihar Gramin Bank within the merged entity.

It is crucial for all customers to note that any old IFSC codes previously associated with Madhya Bihar Gramin Bank or the original Bihar Gramin Bank are no longer valid for conducting financial transactions. For all NEFT, RTGS, and IMPS transfers, you must use the updated, unified IFSC code, such as PUNB0MBGB06 for the KARIYADPUR branch.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character code. The Reserve Bank of India (RBI) assigns it to every bank branch in the country. This code helps identify specific bank branches during online fund transfers. It makes sure money goes to the right place without mistakes.

The 11 characters of an IFSC code follow a clear pattern:

• The first four characters represent the bank name. For PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters identify the specific branch. In PUNB0MBGB06, ‘MBGB06’ identifies the KARIYADPUR branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using the IFSC code is simple when you need to transfer money electronically. Here’s how it works for common transfer methods:

• For NEFT (National Electronic Funds Transfer):
  1. Log into your bank’s online banking portal or mobile app.
  2. Go to the ‘Fund Transfer’ section.
  3. Select ‘NEFT’ as the transfer type.
  4. Add the beneficiary (the person you’re sending money to) if you haven’t already. You will need their name, account number, account type, and the correct IFSC code (e.g., PUNB0MBGB06 for KARIYADPUR branch).
  5. Enter the amount you wish to transfer and confirm the details.
• For RTGS (Real Time Gross Settlement):
  1. Similar to NEFT, access your online banking or mobile app.
  2. Choose ‘RTGS’ for large-value transfers (typically Rs. 2 lakh and above).
  3. Provide the beneficiary’s details, including their name, account number, and the correct IFSC code like PUNB0MBGB06.
  4. Enter the amount and proceed with the transfer.
• For IMPS (Immediate Payment Service):
  1. Open your mobile banking app.
  2. Select ‘IMPS’ for instant transfers.
  3. You can usually transfer funds using the beneficiary’s mobile number and MMID (Mobile Money Identifier) or directly using their account number and IFSC code (e.g., PUNB0MBGB06).
  4. Input the amount and confirm for an immediate transfer.

Always double-check the IFSC code and other beneficiary details before confirming a transaction to avoid delays or sending money to the wrong account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code offers several advantages for your financial transactions:

• Ensures Accurate Transfers: It guarantees that funds are routed to the specific bank and branch intended, minimizing errors.
• Enables Electronic Transactions: It is a mandatory requirement for popular digital payment methods like NEFT, RTGS, and IMPS.
• Speeds Up Processing: With a correct IFSC, electronic transfers are processed efficiently, often in real-time or within a few hours.
• Reduces Fraud Risk: By clearly identifying the recipient branch, it adds a layer of security to your transactions.
• Convenience: Allows you to send or receive money from anywhere, anytime, without needing to visit a physical bank branch.

Contact Information

If you need to get in touch with the KARIYADPUR branch or the bank’s head office, here are the details:

• KARIYADPUR Branch Phone Number: 9771464237
• KARIYADPUR Branch Address: KARIYADPUR, Gaya, 824832, 9771464237
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?

No, the IFSC code is unique for each individual bank branch. While the first few characters (e.g., ‘PUNB0MBGB’) might be similar across branches of Bihar Gramin Bank, the last six characters will differ to identify each specific branch.

Q2: Where can I find the IFSC code for my branch?

You can find the IFSC code on your bank passbook, checkbook, or the bank’s official website. You can also use reliable online IFSC code lookup tools by providing the bank name, state, district, and branch name.

Q3: What if I use a wrong IFSC code during a transfer?

If you enter an incorrect IFSC code, the transaction will likely fail or be rejected by the banking system. In some rare cases, if the incorrect IFSC code corresponds to another valid branch, the money might be transferred there. Always verify the IFSC code carefully before making a transfer.

Q4: Do I need an IFSC code for cash deposits or withdrawals at the branch?

No, the IFSC code is specifically required for electronic fund transfers like NEFT, RTGS, and IMPS. You do not need an IFSC code for cash deposits or withdrawals made physically at your bank branch.

Q5: Is Bihar Gramin Bank government-owned?

Yes, Bihar Gramin Bank is a Regional Rural Bank (RRB) jointly owned by the Government of India (50%), the sponsoring bank (Punjab National Bank – 35%), and the Government of Bihar (15%). Its primary goal is to serve rural areas.