The Bihar Gramin Bank branch in Katsa, located in the Saran district of Bihar, plays a key role in serving the financial needs of the local community. For anyone looking to transfer funds electronically, understanding and using the Indian Financial System Code (IFSC) is crucial. This unique 11-character code is essential for processing online transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures your money reaches the correct bank and branch without delays, making your financial dealings secure and efficient.
Bihar Gramin Bank, Katsa Branch Details
Here are the complete details for the Bihar Gramin Bank branch located in Katsa, Saran:
| Bank Name | Bihar Gramin Bank |
| Branch Name | Katsa |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100570 |
| Branch Address | Katsa, SARAN, 841311 |
| Contact Number | 6204595165 |
| City | SARAN |
| District | SARAN |
| Reason (for location) | CHAPRA |
| Pincode | 841311 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
Bihar Gramin Bank, the entity to which the Katsa branch belongs, is a result of several consolidations of regional rural banks in Bihar. If this branch was previously part of or associated with former entities like Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it’s important to understand that these banks have been merged and unified. All their operations now fall under the larger Bihar Gramin Bank, which is sponsored by Punjab National Bank.
For all financial transactions, including those for the Katsa branch, the only valid IFSC code to use is PUNB0MBGB06. Any older IFSC codes that might have been associated with former entities like UBGB or DBGB are no longer valid. Using an outdated code will cause your fund transfers to fail or be delayed, so always ensure you use the current, correct IFSC code for secure transactions.
What is an IFSC Code?
The IFSC, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online fund transfers within India. It’s designed to streamline the process of electronic money movement, ensuring that funds are directed to the correct recipient bank and branch.
The structure of the IFSC code is straightforward:
- The first four characters represent the bank’s name. For PUNB0MBGB06, “PUNB” signifies Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
- The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between various types of transactions.
- The last six characters uniquely identify the specific bank branch. In our example, “MBGB06” points directly to the Katsa branch of Bihar Gramin Bank.
Understanding this structure helps you verify the code’s authenticity and ensures you’re sending money to the intended destination.
How to Use the IFSC Code
Using the IFSC code is a simple but critical step in various online fund transfer methods. Here’s how it generally works for common services:
- For NEFT (National Electronic Funds Transfer): When you initiate an NEFT transaction, you will need to add the beneficiary’s details. This includes their account number, account holder’s name, and the correct IFSC code of their bank branch. The bank uses this code to route the funds to the specific branch.
- For RTGS (Real Time Gross Settlement): Similar to NEFT, RTGS transactions also require the beneficiary’s IFSC code. RTGS is used for high-value transfers that need to be settled in real-time, and the IFSC ensures the immediate and accurate delivery of funds to the correct branch.
- For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers. When using IMPS via mobile banking or internet banking, you’ll enter the beneficiary’s account number and the IFSC code, or sometimes just their mobile number and MMID (Mobile Money Identifier). The IFSC acts as a crucial identifier for the beneficiary’s bank branch.
Always double-check the IFSC code before confirming a transaction to prevent any errors or delays in your fund transfer.
Benefits of Knowing Your IFSC Code
Knowing and using the correct IFSC code offers several important advantages for financial transactions:
- Ensures Accuracy: The unique nature of each IFSC code ensures that your funds are directed precisely to the intended bank and specific branch, minimizing the risk of errors.
- Facilitates Faster Transfers: By clearly identifying the destination branch, the IFSC code helps in the quick processing of electronic fund transfers like NEFT, RTGS, and IMPS.
- Enhances Security: It adds a layer of security to online transactions by ensuring funds are routed through the official banking system to a verified branch.
- Simplifies Interbank Transactions: For transferring money between different banks, the IFSC code is essential for the seamless communication and routing of funds.
- Supports Digital Banking: As more transactions move online, the IFSC code is a fundamental requirement for most digital banking services, including mobile banking and internet banking.
Contact Information
For any queries or assistance related to the Bihar Gramin Bank Katsa branch or general banking services, you can use the following contact details:
- Katsa Branch Phone Number: 6204595165
- Katsa Branch Address: Katsa, SARAN, 841311, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Customer Service Number: 18001807777
Frequently Asked Questions (FAQs)
Q1: What does PUNB in the IFSC code PUNB0MBGB06 stand for?
A: “PUNB” in the IFSC code PUNB0MBGB06 stands for Punjab National Bank. This indicates that Bihar Gramin Bank is sponsored by Punjab National Bank, which oversees its operations and financial stability.
Q2: Can I still use an old IFSC code for Bihar Gramin Bank if I have it from a previous passbook?
A: No, it’s crucial to use only the current IFSC code. Due to mergers and consolidations of regional rural banks, old IFSC codes, especially those from former entities like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, are no longer valid. Using an outdated code will lead to transaction failures.
Q3: What types of financial transactions require an IFSC code?
A: An IFSC code is essential for all major electronic fund transfer methods in India. This includes National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) when you’re sending money to another bank account.
Q4: How can I verify the correct IFSC code for a Bihar Gramin Bank branch?
A: You can verify the correct IFSC code through several reliable sources. The most accurate way is to check your bank’s official website, your chequebook, or your passbook. You can also contact the branch directly using the provided contact number or call the bank’s toll-free customer service line.
Q5: Is Bihar Gramin Bank a government bank?
A: Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are government-owned scheduled commercial banks that primarily serve rural areas. They are jointly owned by the Government of India, the state government, and a sponsor bank (in this case, Punjab National Bank).
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.