Bihar Gramin Bank Kasraaur IFSC Code

This article provides details for the Bihar Gramin Bank branch located in Kasraaur, Darbhanga district, Bihar. Understanding your bank branch’s Indian Financial System Code (IFSC) is essential for modern banking. This unique code is required for all electronic fund transfers, including transactions made through NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). It ensures that your money reaches the correct recipient bank and branch quickly and securely.

Branch Details

Here are the key details for the Bihar Gramin Bank Kasraaur branch:

Bank Name	Bihar Gramin Bank
Branch Name	Kasraaur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100480
Branch Address	Kasraaur, DARBHANGA, 847427, 9297955111
Contact Number	9297955111
City	DARBHANGA
District	DARBHANGA
Region	DARBHANGA
Pincode	847427
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank that operates under the sponsorship of Punjab National Bank. Previously, there were two separate banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have merged to form the current Bihar Gramin Bank. As a result of this merger, all branches now use a unified IFSC code structure under Punjab National Bank’s sponsorship. The old IFSC codes previously used by UBGB or DBGB are no longer valid for transactions. You must use the new, consolidated IFSC code, PUNB0MBGB06, for all electronic fund transfers involving Bihar Gramin Bank branches, including the Kasraaur branch.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify all bank branches participating in electronic funds transfers in India. This code is crucial for ensuring that money is transferred to the correct bank and branch.

The structure of the IFSC code is specific:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, this is “PUNB” because it is sponsored by Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters uniquely identify the specific bank branch. For the Kasraaur branch, these are “MBGB06”.

So, for Bihar Gramin Bank Kasraaur, the complete IFSC is PUNB0MBGB06.

How to Use the IFSC Code

You will need the IFSC code when initiating various types of electronic fund transfers. Here’s how it’s used for common transaction methods:

• NEFT (National Electronic Funds Transfer): When you send money via NEFT, you provide the beneficiary’s bank account number, account holder’s name, and the IFSC code of their bank branch. The NEFT system processes transactions in batches, typically clearing funds within a few hours during banking hours.
• RTGS (Real-Time Gross Settlement): For large-value transfers (typically Rs. 2 lakh and above), RTGS offers real-time processing. Similar to NEFT, you must provide the beneficiary’s account details and their branch’s IFSC code. Funds are credited almost instantly.
• IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. You can use IMPS through mobile banking apps or internet banking. You will need the beneficiary’s account number and the IFSC code, or sometimes just their mobile number and MMID (Mobile Money Identifier).

Always double-check the IFSC code, account number, and beneficiary name before confirming any transaction to avoid errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Seamless Fund Transfers: It enables quick and accurate electronic transfers to and from your account.
• Error Prevention: The unique code helps prevent misdirection of funds to the wrong bank or branch.
• Faster Transactions: Essential for real-time and near-real-time payment systems like RTGS and IMPS.
• Accessibility: Required for setting up online payments, recurring deposits, and other digital banking services.
• Enhanced Security: Part of the robust system designed to secure your financial transactions.

Contact Information

If you need to contact the bank, here are the relevant details:

• Kasraaur Branch Phone Number: 9297955111
• Kasraaur Branch Address: Kasraaur, DARBHANGA, 847427, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

What is the IFSC code for Bihar Gramin Bank Kasraaur branch?

The IFSC code for Bihar Gramin Bank Kasraaur branch is PUNB0MBGB06.

Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank Kasraaur?

Yes, after the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, PUNB0MBGB06 is the valid and unified IFSC code. Any old IFSC codes from prior entities are no longer in use for transactions.

Why do I need the IFSC code for online transactions?

The IFSC code acts as a unique identifier for each bank branch in India. It ensures that when you send money electronically (via NEFT, RTGS, or IMPS), the funds are correctly routed to the intended recipient’s bank and specific branch, preventing errors and ensuring security.

Can I find the IFSC code on my passbook or chequebook?

Yes, the IFSC code is typically printed on your bank passbook and cheque leaves. You can usually find it on the front page of your passbook or at the top of a cheque leaf, next to the MICR code.

What should I do if I enter an incorrect IFSC code during a transfer?

If you enter an incorrect IFSC code, the transaction may fail, and the funds might not be debited from your account. If the transaction goes through with an incorrect but valid IFSC (for a different branch), the funds could be sent to the wrong account. In such cases, you should immediately contact your bank’s customer service or visit your branch for assistance. Always verify the IFSC code carefully before confirming a transfer.