Bihar Gramin Bank Latrahiya IFSC Code

The Bihar Gramin Bank has a branch located in Latrahiya, which is in the Saran district of Bihar. When you need to send money to someone who banks at this specific branch, or if you receive money from them, knowing the correct Indian Financial System Code (IFSC) is crucial. This unique code ensures that your funds are transferred accurately and securely through various electronic payment systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Bihar Gramin Bank, Latrahiya Branch Details

Here are the key details for the Bihar Gramin Bank branch in Latrahiya:

Bank Name	Bihar Gramin Bank
Branch Name	Latrahiya
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108046
Branch Address	Latrahiya, SARAN, 841219
Contact Number	9297955248
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841219
State	Bihar

Merger Update for Bihar Gramin Bank

It’s important to understand the background of Bihar Gramin Bank. This bank was formed as a result of a significant merger. Previously, there were two separate Regional Rural Banks (RRBs) in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks merged to become the single entity known today as Bihar Gramin Bank.

Following this merger, all branches of the former UBGB and DBGB now operate under the unified Bihar Gramin Bank. The sponsorship for this merged bank comes from Punjab National Bank. This means that all financial transactions for Bihar Gramin Bank branches, including Latrahiya, use an IFSC code that starts with PUNB, representing Punjab National Bank.

Crucially, any old IFSC codes associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now invalid. For any fund transfers to or from the Latrahiya branch or any other Bihar Gramin Bank branch, you must use the new, consolidated IFSC code, which is PUNB0MBGB06 for the Latrahiya branch. Using an old, revoked code will result in your transaction being rejected.

What is an IFSC Code?

The IFSC Code is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in the NEFT and RTGS systems. It’s a standard format set by the Reserve Bank of India (RBI) to streamline inter-bank transactions.

The structure of the IFSC code PUNB0MBGB06 for Bihar Gramin Bank, Latrahiya branch breaks down like this:

• The first four characters (PUNB) represent the sponsor bank, which in this case is 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 (MBGB06) specifically identify the bank and the particular branch. Here, “MBGB” signifies Bihar Gramin Bank, and “06” is the unique branch code for Latrahiya.

How to Use an IFSC Code for Fund Transfers

Using an IFSC code is straightforward when you’re making electronic fund transfers. Here’s a step-by-step guide for NEFT, RTGS, and IMPS:

1. Gather Beneficiary Details: You will need the full name of the person or entity you are sending money to (the beneficiary), their bank account number, their bank name (Bihar Gramin Bank), and the correct IFSC code for their specific branch (PUNB0MBGB06 for Latrahiya).
2. Log In to Your Banking Service: Access your online banking portal or mobile banking app. If you prefer, you can also visit your bank branch to fill out a transfer form.
3. Select Transfer Type: Choose the type of transfer you want to make: NEFT, RTGS, or IMPS.
   • NEFT: Transfers are processed in batches throughout the day. It’s suitable for non-urgent transfers of any amount.
   • RTGS: Transfers are processed in real-time on a gross basis. This is ideal for large-value and urgent transfers, typically above Rs. 2 lakhs.
   • IMPS: Allows for instant, 24/7 transfers, even on holidays, for relatively smaller amounts.
4. Add Beneficiary: If you haven’t transferred to this person before, you’ll need to add them as a new beneficiary. You’ll input their account number, name, and the IFSC code (PUNB0MBGB06). Some banks have a cooling-off period before you can transfer to a new beneficiary.
5. Enter Amount and Confirm: Specify the amount you wish to transfer. Review all the entered details carefully, especially the account number and IFSC code, to ensure accuracy before confirming the transaction.

Always double-check the IFSC code, as a single incorrect digit can lead to delays or the transfer going to the wrong account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank or the beneficiary’s bank offers several important advantages:

• Secure Fund Transfers: It ensures that your money reaches the intended recipient’s account at the correct branch, minimizing errors and fraud.
• Faster Processing: Correct IFSC codes enable quick processing of electronic transfers like NEFT, RTGS, and IMPS, especially for urgent transactions.
• Unique Branch Identification: Each bank branch has a unique IFSC, which helps in precise routing of funds across the vast Indian banking network.
• Facilitates Inter-Bank Transactions: It is essential for any transfer of funds between different banks. Without it, such transfers would not be possible electronically.
• Reduces Manual Errors: By standardizing the identification process, it significantly reduces the chances of human error that can occur with manual checks or paperwork.

Contact Information

Should you need to contact the Latrahiya branch or the Bihar Gramin Bank head office, here are the details:

• Latrahiya Branch Phone Number: 9297955248
• Latrahiya Branch Address: Latrahiya, SARAN, 841219
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC Code for Bihar Gramin Bank’s Latrahiya branch?

A1: The IFSC Code for Bihar Gramin Bank, Latrahiya branch, is PUNB0MBGB06.

Q2: Is the Latrahiya branch part of a merged bank?

A2: Yes, Bihar Gramin Bank was formed by the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). The Latrahiya branch now operates under the unified Bihar Gramin Bank.

Q3: Can I still use old IFSC codes for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?

A3: No, all old IFSC codes belonging to the former UBGB and DBGB have been revoked. You must use the new, consolidated IFSC code, PUNB0MBGB06, for any transactions related to the Latrahiya branch of Bihar Gramin Bank.

Q4: What details are required for a fund transfer using an IFSC code?

A4: For a successful fund transfer, you will need the beneficiary’s full name, their bank account number, their bank name (Bihar Gramin Bank), and the correct IFSC code for their specific branch (PUNB0MBGB06 for Latrahiya).

Q5: What is the MICR Code for the Bihar Gramin Bank Latrahiya branch?

A5: The MICR (Magnetic Ink Character Recognition) Code for the Bihar Gramin Bank Latrahiya branch is 800811002. This code is primarily used for processing physical cheques.