Bihar Gramin Bank Katoria IFSC Code

The Bihar Gramin Bank branch in Katoria is located in Banka, Bihar. For anyone looking to send or receive money through this branch, understanding the Indian Financial System Code (IFSC) is essential. This unique 11-character code is required for all major online fund transfer systems in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code ensures that funds are routed correctly to the specific branch, preventing errors and delays in transactions.

Branch Details

Merger and New IFSC Code Update

It is important to note that Bihar Gramin Bank was formed by the amalgamation of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, the bank is now sponsored by Punjab National Bank (PNB). As a result, all old IFSC codes belonging to UBGB and DBGB have been revoked and are no longer valid. The new IFSC codes for all Bihar Gramin Bank branches, including Katoria, now begin with ‘PUNB’ to reflect the sponsorship by PNB. For any online transactions, you must use the new and correct IFSC code, PUNB0MBGB06, to ensure successful processing.

What is an IFSC Code?

The IFSC code is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the NEFT system. The code is structured in a specific way to ensure every branch has a distinct identifier.

Let’s break down the Katoria branch IFSC code, PUNB0MBGB06:

• PUNB: The first four characters represent the bank’s name. In this case, it signifies Punjab National Bank, the sponsor bank.
• 0: The fifth character is always a zero. It is reserved for future use by the Reserve Bank of India (RBI).
• MBGB06: The last six characters represent the specific branch code. For the Katoria branch, this is ‘MBGB06’.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a straightforward process. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.

1. Log in to your bank’s net banking or mobile banking platform.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select the payment method: NEFT, RTGS, or IMPS.
4. Add a new beneficiary (payee). You will be asked to provide the recipient’s account details.
5. Enter the beneficiary’s name, account number, and account type (Savings or Current).
6. In the IFSC field, carefully enter the Katoria branch code: PUNB0MBGB06.
7. Verify all the details to ensure accuracy and confirm the addition of the beneficiary.
8. Once the beneficiary is added, you can initiate the fund transfer by entering the amount and your transaction password or OTP.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The primary benefit is that your money goes to the exact bank and branch you intend it to, eliminating transfer errors.
• Prevents Delays: A correct code allows for automated, straight-through processing, which means faster credit to the beneficiary’s account. An incorrect code will result in a failed transaction.
• Mandatory for Online Transfers: It is a mandatory requirement for completing any NEFT, RTGS, or IMPS transaction in India.
• Branch Identification: It serves as a digital address for a specific bank branch, making the national payment system efficient and secure.

Contact Information

For any direct inquiries, you can reach out to the branch or the bank’s head office.

• Branch Contact Number: 8102918771
• Branch Address: Katoria, Banka, 813106, Bihar
• 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’?

It starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB) after the merger of Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank.

2. What happens if I use an old IFSC code for Dakshin or Uttar Bihar Gramin Bank?

The transaction will fail. The old codes are no longer in use, and the payment system will reject any transfer attempts made with them. You must use the new ‘PUNB’ series IFSC code.

3. Is the IFSC code PUNB0MBGB06 the same for all Bihar Gramin Bank branches?

No. This code is unique to the Katoria branch. Every branch of Bihar Gramin Bank has its own specific IFSC code for routing transactions correctly.

4. Where can I find the IFSC code for my branch?

You can find the IFSC code printed on your bank-issued chequebook and passbook. It is also available on the bank’s official website or by contacting the branch directly.

5. What is the difference between an IFSC code and a MICR code?

An IFSC code is used for electronic fund transfers like NEFT and RTGS. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code used primarily for processing physical cheques more efficiently.

Kriti Kumari

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.