Bihar Gramin Bank KASAP IFSC Code

The Kasap branch of Bihar Gramin Bank is located in the Bhojpur district of Bihar. For anyone looking to send or receive money electronically to an account at this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code identifies the specific bank branch involved in online transactions, ensuring that funds transferred through systems like NEFT, RTGS, and IMPS reach the correct destination without errors.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	KASAP
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7049
Branch Address	KASAP, Bhojpur, 802206, 9771464049
Contact Number	9771464049
City	Bhojpur
District	Bhojpur
Region	ARA
Pincode	802206
State	Bihar

Merger and IFSC Update

Bihar Gramin Bank was formed by the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). As a result of this consolidation under the sponsorship of Punjab National Bank (PNB), a new, unified IFSC code was issued. All previous IFSC codes belonging to UBGB and DBGB have been revoked and are no longer valid for any transactions.

For all branches of the newly formed Bihar Gramin Bank, including Kasap, the single valid IFSC code is PUNB0MBGB06. It is critical to use only this code to avoid transaction failures or delays.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer network. The code has a specific structure that helps route transactions correctly.

Let’s break down the IFSC code for Bihar Gramin Bank, PUNB0MBGB06:

• PUNB: The first four alphabetic characters represent the name of the sponsor bank, which is Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters identify the specific bank entity. After the merger, this part of the code is used to represent the unified Madhya Bihar Gramin Bank network (now part of the larger Bihar Gramin Bank), and this specific code is used across all its branches.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online fund transfer is a straightforward process. Whether you are using NEFT for standard transfers, RTGS for high-value transactions, or IMPS for instant payments, the steps are nearly identical.

1. Log in to your bank’s mobile banking app or internet banking portal.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Choose the option to add a new beneficiary or payee.
4. Enter the recipient’s details: their name, bank account number, and account type (savings or current).
5. In the IFSC field, carefully enter PUNB0MBGB06.
6. After adding the beneficiary, you can proceed to transfer funds by entering the amount and confirming the transaction.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The primary benefit is that it directs your money to the exact intended bank branch, eliminating guesswork and reducing the risk of errors.
• Enables Electronic Payments: Without a valid IFSC code, you cannot perform online transactions like NEFT, RTGS, or IMPS.
• Prevents Failed Transactions: Using an outdated or incorrect code will cause the transaction to be rejected, and the funds will be returned to your account after a delay.
• Speeds Up Processing: A correct IFSC allows for automated, straight-through processing, making fund transfers faster and more efficient.

Contact Information

For direct assistance, you can contact the branch or the bank’s head office.

• Branch Contact Number: 9771464049
• Branch Address: KASAP, Bhojpur, Bihar – 802206
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
The code starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank. The first four letters of an IFSC always represent the parent or sponsor bank.

2. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. Following the merger, all old IFSC codes for both Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are invalid. You must use the new code, PUNB0MBGB06, for all transactions.

3. Is the IFSC code PUNB0MBGB06 the same for all branches of Bihar Gramin Bank?
Yes, after the merger and system integration, Bihar Gramin Bank uses the single IFSC code PUNB0MBGB06 for all its branches to simplify electronic fund transfers across its network.

4. What happens if I enter the wrong IFSC code during a transfer?
If the IFSC code you enter does not exist, the transaction will be rejected, and the money will be credited back to your account, usually within a few hours or by the end of the business day. If the code exists but belongs to a different branch, the transaction might fail or, in rare cases, get credited to a wrong account if other details also match.

5. Can I use this IFSC code for receiving international payments?
No, an IFSC code is used only for domestic fund transfers within India. For international wire transfers, you would need a SWIFT code, which you should obtain directly from the bank.