Bihar Gramin Bank KONAR IFSC Code

The Bihar Gramin Bank branch located in KONAR, Rohtas, Bihar, plays a key role in serving the local community. To make any online money transfers to or from this branch, you need a unique eleven-character code called the IFSC code. This code is crucial for digital transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It helps ensure your money goes to the correct bank and branch without errors.

Branch Details

Here are the essential details for the Bihar Gramin Bank KONAR branch:

Bank Name	Bihar Gramin Bank
Branch Name	KONAR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7370
Branch Address	KONAR, Rohtas, 821113
Contact Number	9771464370
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	821113
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of various Regional Rural Banks (RRBs) in Bihar, including what were previously known as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These banks have now merged and operate under the sponsorship of Punjab National Bank (PNB). As a result, all branches, including KONAR, now use a unified IFSC code structure, which begins with “PUNB”. The specific IFSC code for this branch is PUNB0MBGB06. It is important to know that any old IFSC codes belonging to the former UBGB or DBGB entities are no longer valid. For all financial transactions, you must use the current, valid IFSC code starting with PUNB.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers. This code is crucial for directing funds to the correct destination.

The IFSC code has a specific structure:

• The first four characters represent the bank’s name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch. In the code PUNB0MBGB06, “MBGB06” represents the KONAR branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using the IFSC code is straightforward when you want to transfer money online. Here are the general steps for NEFT, RTGS, or IMPS:

1. Log in to your net banking account or mobile banking app.
2. Select the type of transfer you wish to make (NEFT, RTGS, or IMPS).
3. Add the beneficiary details. If you haven’t transferred money to this person or entity before, you’ll need to add them as a new beneficiary.
4. Enter the beneficiary’s details carefully:
   • Beneficiary Name (e.g., John Doe)
   • Beneficiary Account Number (e.g., 1234567890)
   • Confirm Beneficiary Account Number
   • Beneficiary Bank Name (Bihar Gramin Bank)
   • Beneficiary IFSC Code (PUNB0MBGB06 for KONAR branch)
5. Enter the amount you wish to transfer.
6. Review all the details to ensure they are correct.
7. Confirm the transaction. You might need to enter an OTP (One-Time Password) for verification.

Always double-check the IFSC code and account number before making a transfer to avoid sending money to the wrong account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several important benefits:

• It enables secure and swift online fund transfers through NEFT, RTGS, and IMPS.
• It ensures that money is accurately routed to the intended recipient’s bank and branch, preventing errors.
• It is a standardized system, making inter-bank transactions efficient across India.
• It simplifies the process of sending and receiving money digitally, saving time and effort.
• It is a fundamental requirement for many online financial services and applications.

Contact Information

For any inquiries or assistance related to the KONAR branch of Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9771464370
• Branch Address: KONAR, Rohtas, 821113
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It is a unique 11-character code used for online fund transfers in India.

Q2: Is the 5th character in an IFSC code always zero?
A2: Yes, the fifth character in every IFSC code is always a zero (0). It is reserved for future use by the Reserve Bank of India.

Q3: What happens if I use a wrong IFSC code during a transaction?
A3: If you use an incorrect IFSC code, your transaction will likely fail and the money will be returned to your account. In some rare cases, if the incorrect IFSC code corresponds to a valid branch and the account number is also valid for that branch, the money might be transferred to the wrong recipient. Always verify the IFSC code carefully before confirming a transfer.

Q4: Can I find the IFSC code on my bank passbook or chequebook?
A4: Yes, the IFSC code is typically printed on the first page of your bank passbook and on individual cheque leaves in your chequebook. You can also find it on your bank’s official website or through online banking portals.

Q5: Is the MICR code the same as the IFSC code?
A5: No, the MICR code and IFSC code are different. The MICR (Magnetic Ink Character Recognition) code is a 9-digit numeric code primarily used for processing cheques. The IFSC code is an 11-character alphanumeric code used for online electronic fund transfers (NEFT, RTGS, IMPS).