The Bihar Gramin Bank branch located in KARUP, a part of Rohtas district in Bihar, plays a vital role in local banking services. For anyone looking to transfer funds digitally, understanding the Indian Financial System Code, or IFSC, for this branch is essential. This unique code acts like a digital address, ensuring that money sent through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) reaches the correct bank and specific branch without errors. It is a critical piece of information for all your online transactions.
Branch Details
| Detail | Information |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | KARUP |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7364 |
| Branch Address | KARUP, Rohtas, 821115 |
| Contact Number | 9771464364 |
| City | Rohtas |
| District | Rohtas |
| Reason | SASARAM |
| Pincode | 821115 |
| State | Bihar |
Merger Update
Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). The IFSC code PUNB0MBGB06 is used by this branch. The “MBGB” part of the code refers to the former Madhya Bihar Gramin Bank. Madhya Bihar Gramin Bank was amalgamated with other regional rural banks to form the current Bihar Gramin Bank. This means that any older IFSC codes previously associated with branches that are now part of Bihar Gramin Bank under the Madhya Bihar Gramin Bank umbrella have been revoked. For any transactions with the KARUP branch, or any other branch of Bihar Gramin Bank that falls under this structure, only the new, unified IFSC code starting with PUNB0, such as PUNB0MBGB06, is valid. Using outdated codes will lead to failed transactions.
What is an IFSC Code?
The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers. Understanding its structure can help you verify its authenticity:
- First 4 Characters: These represent the bank name. For example, PUNB stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
- Fifth Character: This character is always ‘0’ (zero). It is reserved for future use, possibly for internal bank identification.
- Last 6 Characters: These identify the specific branch. For the KARUP branch, MBGB06 is the unique code. This part often includes an abbreviation of the former bank name (like MBGB for Madhya Bihar Gramin Bank) and a specific branch code.
This systematic structure ensures that each branch has a distinct digital identifier, crucial for accurate money transfers.
How to Use the IFSC Code
Using the IFSC code correctly is vital for successful online fund transfers via NEFT, RTGS, or IMPS. Here’s a general guide:
- Gather Beneficiary Details: Before initiating a transfer, ensure you have the correct beneficiary information. This includes the beneficiary’s full name, their bank account number, the type of account (savings, current, etc.), and the correct IFSC code for their specific branch.
- Log In to Your Net Banking or Mobile Banking App: Access your online banking portal or mobile application.
- Navigate to Fund Transfer: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
- Add Beneficiary: If you’re sending money to this person for the first time, you’ll need to add them as a new beneficiary. This involves entering all the details you gathered, including the IFSC code PUNB0MBGB06 for the KARUP branch.
- Initiate Transfer: Once the beneficiary is added (or if they are already an existing one), select them, enter the amount you wish to transfer, and choose the transfer type (NEFT, RTGS, or IMPS).
- Verify and Confirm: Double-check all the details, especially the account number and the IFSC code, before confirming the transaction. An incorrect IFSC code can cause the transaction to fail or, in rare cases, send money to the wrong account if the account number is also wrong but matches another bank’s valid details.
The system uses the IFSC code to route your money to the correct bank and branch, ensuring it arrives safely in the intended recipient’s account.
Benefits of Knowing Your IFSC Code
- Secure Transactions: It ensures that your funds are transferred to the precise bank and branch you intend, minimizing errors.
- Faster Processing: The unique identification helps in quick routing and processing of NEFT, RTGS, and IMPS transactions, leading to faster credit to the beneficiary’s account.
- Mandatory for Online Banking: For any digital fund transfer, the IFSC code is a compulsory field. You cannot send money electronically without it.
- Avoids Manual Errors: By using a standardized code, the chances of errors that might occur with manual routing or incomplete address details are significantly reduced.
- Facilitates Interbank Transfers: It is the backbone for seamless money movement between different banks across India.
Contact Information
For any banking inquiries related to the KARUP branch of Bihar Gramin Bank, or for general assistance, you can use the following contact details:
- Branch Phone Number: 9771464364
- Branch Address: KARUP, Rohtas, 821115, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number (Punjab National Bank Sponsored RRBs): 18001807777
Frequently Asked Questions (FAQs)
Q: What is the IFSC code for Bihar Gramin Bank KARUP branch?
A: The IFSC code for the Bihar Gramin Bank KARUP branch is PUNB0MBGB06.
Q: Is an IFSC code required for all types of bank transfers?
A: An IFSC code is essential for all electronic fund transfers within India, including NEFT, RTGS, and IMPS transactions. It is not needed for cash deposits or withdrawals directly at the branch.
Q: Can I use an old IFSC code for Bihar Gramin Bank?
A: No. Due to bank mergers and changes, old IFSC codes might have been revoked. For Bihar Gramin Bank, especially for branches that were part of former banks like Madhya Bihar Gramin Bank, only the new IFSC code, such as PUNB0MBGB06, is valid. Using an old code will cause your transaction to fail.
Q: What happens if I enter the wrong IFSC code during a transfer?
A: If you enter an incorrect IFSC code, the bank’s system will usually detect that the code does not match the beneficiary’s account details or the intended branch. This will typically result in the transaction being rejected or failing. It’s crucial to always double-check the code to avoid delays or potential issues.
Q: How can I find the IFSC code for my bank branch?
A: You can find your branch’s IFSC code on your cheque book, bank passbook, or by logging into your bank’s official net banking portal or mobile application. You can also contact your bank’s customer service or visit the branch directly.
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.