Bihar Gramin Bank KOCHAS IFSC Code

If you need to send or receive money at the Bihar Gramin Bank branch in KOCHAS, Rohtas, understanding the IFSC code is crucial. This unique code is essential for all electronic fund transfers like NEFT, RTGS, and IMPS, ensuring your money reaches the right account quickly and securely.

Branch Details

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). Both of these entities now operate under the unified identity of Bihar Gramin Bank.

As a result of this merger, all branches of the former DBGB and UBGB now use a standardized IFSC code structure linked to their sponsor bank, Punjab National Bank. The specific IFSC code for all Bihar Gramin Bank branches, including the KOCHAS branch, is PUNB0MBGB06.

It’s very important to note that any old IFSC codes previously used by Dakshin Bihar Gramin Bank or Uttar Bihar Gramin Bank branches are no longer valid. For any electronic fund transfer, you must use the new and current IFSC code, PUNB0MBGB06, to ensure your transaction is processed correctly and without delays.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is an 11-character alphanumeric code used to identify all bank branches participating in electronic fund transfers in India. Think of it as a unique address for each bank branch that helps direct money accurately.

The 11 characters are broken down into three main parts:

1. The first four characters represent the bank. For example, in PUNB0MBGB06, ‘PUNB‘ stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
2. The fifth character is always ‘0’ (zero). This is kept as a control character for future use by the Reserve Bank of India.
3. The last six characters identify the specific branch. In our example, ‘MBGB06‘ is the unique code for the KOCHAS branch of Bihar Gramin Bank.

How to Use the IFSC Code

Using the IFSC code correctly is vital for any electronic fund transfer. Here’s how it works for common transaction types:

• For NEFT (National Electronic Funds Transfer): This system allows for batch-based transfers. When you set up a beneficiary for NEFT, you will need their bank account number, the bank name (Bihar Gramin Bank), and the correct IFSC code (PUNB0MBGB06). The funds are processed in hourly batches throughout the banking day.
• For RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, typically ₹2 lakh and above, processed individually in real-time. Similar to NEFT, you’ll need the beneficiary’s name, account number, bank name, and the IFSC code. The immediate processing makes it suitable for urgent, high-value transfers.
• For IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking or internet banking. To send money through IMPS, you’ll typically enter the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and the IFSC code (PUNB0MBGB06). The funds are credited to the recipient’s account immediately.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code offers several benefits for your financial transactions:

• Ensures Accuracy: It directs your funds to the exact branch of the beneficiary bank, minimizing errors in transfers.
• Speeds Up Transfers: The IFSC code is essential for the quick processing of NEFT, RTGS, and IMPS transactions, allowing for faster credit to the recipient.
• Enhances Security: The unique identification provided by the IFSC code helps in tracking transactions and prevents misdirection of funds.
• Facilitates Interbank Transfers: It is a mandatory requirement for transferring money between accounts held in different banks across India.
• Convenience: It allows you to perform various banking transactions from anywhere using internet banking or mobile apps, without needing to visit a physical branch for transfers.

Contact Information

For any queries or assistance regarding the Bihar Gramin Bank KOCHAS branch or general banking services, here are the relevant contact details:

• Branch Phone Number: 9771464369
• Branch Address: KOCHAS, Rohtas, 821112
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

What if I use an old IFSC code for Bihar Gramin Bank?

If you use an old IFSC code from Dakshin Bihar Gramin Bank or Uttar Bihar Gramin Bank, your transaction will likely fail and the funds will not be transferred. It’s crucial to always use the new unified code, PUNB0MBGB06, for all electronic transfers to Bihar Gramin Bank branches.

Is the IFSC code different for NEFT, RTGS, and IMPS?

No, the IFSC code remains the same regardless of whether you are performing an NEFT, RTGS, or IMPS transaction. The code identifies the specific bank branch for any electronic fund transfer method.

How can I confirm the correct IFSC code for another branch of Bihar Gramin Bank?

You can usually find the IFSC code on your bank’s official website, your cheque book, your passbook, or by contacting the bank’s customer service. For Bihar Gramin Bank, the first four characters will always be ‘PUNB‘ followed by ‘0‘ and then the unique branch code.

What is the MICR code used for?

The MICR (Magnetic Ink Character Recognition) code, like 800811002 for the KOCHAS branch, is primarily used for processing cheques. It helps in faster and error-free clearance of paper-based instruments at clearing houses.

Can I find the IFSC code for the KOCHAS branch on my passbook?

Yes, the IFSC code is typically printed on your bank passbook and chequebook. It is also readily available on the bank’s official website and through their customer service channels.

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.