Bihar Gramin Bank Karjain Bazar IFSC Code

You’re looking for details about the Bihar Gramin Bank branch at Karjain Bazar. This specific branch is located in Supaul, Bihar. Knowing its Indian Financial System Code (IFSC) is crucial for any electronic fund transfers. Whether you’re sending money through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC acts like a unique address for the bank branch, ensuring your money reaches the right place quickly and securely.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Karjain Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100776
Branch Address	Karjain Bazar, SUPAUL, 852210, 9297954248
Contact Number	9297954248
City	Supaul
District	Supaul
Region	Saharsa
Pincode	852210
State	Bihar

Merger Update

For branches that were part of Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it’s important to know about recent changes. These banks have merged. They now operate under the single IFSC code PUNB0MBGB06, sponsored by Punjab National Bank. This means any old IFSC codes previously used for UBGB or DBGB branches have been revoked. For any transactions, only the new, updated IFSC code is valid. Always ensure you are using the current IFSC to avoid transaction failures.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code used to identify bank branches in India. It’s essential for electronic fund transfers. Each part of the code has a specific meaning:

• The first four characters identify the bank. For example, ‘PUNB’ stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This is a control character reserved for future use.
• The last six characters uniquely identify the specific bank branch. For the Karjain Bazar branch, these are ‘MBGB06’.

This structure helps the banking system direct funds accurately to the correct bank and branch.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re making an electronic fund transfer. Here’s how it works for common services:

1. For NEFT (National Electronic Funds Transfer): When you initiate an NEFT transaction, you’ll need the recipient’s bank account number, account holder’s name, and the correct IFSC code for their branch. The system uses the IFSC to route the payment to the recipient’s bank and specific branch.
2. For RTGS (Real Time Gross Settlement): Similar to NEFT, RTGS requires the recipient’s account number, name, and IFSC code. RTGS is used for high-value transactions and processes payments in real-time. The IFSC ensures the large sum reaches the intended branch without delay.
3. For IMPS (Immediate Payment Service): IMPS allows for instant fund transfers 24/7. When using IMPS, you’ll input the recipient’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code. The IFSC here also serves as the precise address for the funds.

Always double-check the IFSC code and other recipient details before confirming a transaction to prevent errors.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code for your bank or the recipient’s bank branch offers several key advantages:

• Accurate Fund Transfers: It ensures that money goes to the exact bank and branch you intend, minimizing the risk of funds being sent to the wrong account.
• Faster Processing: Correct IFSC codes enable electronic transactions to be processed quickly, especially for services like IMPS and RTGS.
• Transaction Security: The unique identification provided by the IFSC adds a layer of security to your financial transactions.
• Essential for Online Banking: For anyone using internet banking or mobile banking apps, the IFSC is a mandatory field for setting up beneficiaries and making transfers.
• Reduces Errors: Using the correct IFSC helps avoid transaction failures, processing delays, and the hassle of recovering mistakenly transferred funds.

Contact Information

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

• Karjain Bazar Branch Phone Number: 9297954248
• Karjain Bazar Branch Address: Karjain Bazar, Supaul, Pincode 852210, Bihar
• Bihar Gramin Bank Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna-800030, Bihar
• Toll-Free Number (Punjab National Bank, sponsoring bank): 18001807777

FAQs

Q1: Is an IFSC code required for all types of bank transactions?

A: It’s primarily required for electronic fund transfers like NEFT, RTGS, and IMPS. For cash deposits or withdrawals directly at a branch, an IFSC code is not typically needed.

Q2: What should I do if I enter a wrong IFSC code?

A: If you enter a wrong IFSC code, the transaction will usually fail. If by chance the incorrect code points to another valid branch and bank, and the account number matches, your funds might be transferred incorrectly. Always verify the IFSC and account details carefully before confirming.

Q3: Can an IFSC code change?

A: Yes, an IFSC code can change, especially in cases of bank mergers, acquisitions, or restructuring of branches. It’s always best to confirm the latest IFSC, especially for banks that have undergone recent changes.

Q4: Where can I find the IFSC code for my branch?

A: You can usually find the IFSC code printed on your bank’s cheque book. It’s also available on the bank’s official website, your bank passbook, or by using online IFSC finder tools.

Q5: Is the MICR code also important for fund transfers?

A: While the IFSC code is crucial for electronic fund transfers, the MICR (Magnetic Ink Character Recognition) code is mainly used for processing paper-based cheque transactions. It helps in speeding up the clearing process for cheques.