Bihar Gramin Bank PARSATHUA IFSC Code

Located in the quiet area of PARSATHUA in Rohtas, Bihar, the Bihar Gramin Bank branch serves as a vital financial hub for local residents and businesses. For any electronic money transfer, such as through NEFT, RTGS, or IMPS, a specific code known as the Indian Financial System Code, or IFSC code, is absolutely essential. This unique code ensures that your funds reach the correct bank and branch without any errors.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	PARSATHUA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7384
Branch Address	PARSATHUA, Rohtas, 821109, 9771464384
Contact Number	9771464384
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	821109
State	Bihar

Merger Update

The Bihar Gramin Bank, under which the PARSATHUA branch operates, was formed through a significant merger. Previously, there were two separate regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two entities merged to create the unified Bihar Gramin Bank. This bank now functions as a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB).

Due to this merger and the sponsorship by Punjab National Bank, all branches of Bihar Gramin Bank, including the PARSATHUA branch, now use a single, standardized IFSC code: PUNB0MBGB06. It is crucial for customers to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked. For any electronic fund transfer, whether NEFT, RTGS, or IMPS, only the new IFSC code, PUNB0MBGB06, is valid and must be used.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code used to identify all bank branches participating in electronic fund transfers across India. It acts like a unique digital address for each bank branch.

The structure of an IFSC code is specific:

• The first four characters represent the bank name. For Bihar Gramin Bank’s new IFSC code, PUNB stands for Punjab National Bank, its sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish bank codes from branch codes.
• The last six characters identify the specific bank branch. In the case of PUNB0MBGB06, MBGB06 points to the PARSATHUA branch within Bihar Gramin Bank.

For example, if you see the IFSC code PUNB0MBGB06 for the PARSATHUA branch:

• PUNB: Identifies Punjab National Bank (the sponsor bank).
• 0: The control character.
• MBGB06: Identifies the PARSATHUA branch of Bihar Gramin Bank.

How to Use an IFSC Code

The IFSC code is vital for various electronic fund transfer systems, ensuring your money goes to the right place. Here’s how you typically use it:

1. For NEFT (National Electronic Funds Transfer): This system processes transfers in batches. When sending money, you’ll need the beneficiary’s name, their bank account number, and the correct IFSC code of their branch (e.g., PUNB0MBGB06 for PARSATHUA). You enter these details into your bank’s online banking portal or a physical NEFT form at the branch.
2. For RTGS (Real Time Gross Settlement): RTGS is for high-value transactions, typically Rs. 2 lakh and above, processed individually in real-time. Similar to NEFT, you provide the beneficiary’s details, including their name, account number, and the specific IFSC code (PUNB0MBGB06) of their PARSATHUA branch.
3. For IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. When performing an IMPS transaction, you will input the beneficiary’s account number and the IFSC code (PUNB0MBGB06), or sometimes just their mobile number and MMID (Mobile Money Identifier).

When you are initiating a transfer through your bank’s mobile app or internet banking portal, after selecting the type of transfer (NEFT, RTGS, IMPS) and adding a new beneficiary, you will be prompted to enter these details. The system often validates the IFSC code to ensure it’s correct before proceeding.

Benefits

Knowing the correct IFSC code for your bank branch, like PUNB0MBGB06 for Bihar Gramin Bank’s PARSATHUA branch, offers several key advantages:

• Ensures Accurate Transfers: It guarantees that your electronic fund transfers reach the intended recipient’s bank and specific branch, preventing misdirected payments.
• Facilitates Online Transactions: It is a mandatory requirement for initiating NEFT, RTGS, and IMPS transactions through internet banking or mobile banking apps.
• Saves Time: With the correct IFSC, transactions are processed smoothly and quickly, avoiding delays caused by incorrect information.
• Reduces Errors: By providing a unique identifier for each branch, the IFSC code minimizes the chances of human error during manual entry.
• Increases Security: It adds an extra layer of verification, making electronic transactions more secure and reliable.
• Access to Financial Services: It allows you to participate in modern banking services that rely on electronic transfers, crucial for daily financial management.

Contact

If you need to get in touch with the Bihar Gramin Bank PARSATHUA branch or the head office, here are the contact details:

• PARSATHUA Branch Phone Number: 9771464384
• PARSATHUA Branch Address: PARSATHUA, Rohtas, 821109
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about Bihar Gramin Bank’s IFSC codes and related services:

Q1: What is the IFSC code for Bihar Gramin Bank PARSATHUA branch?
A1: The IFSC code for Bihar Gramin Bank, PARSATHUA branch, is PUNB0MBGB06. This code is mandatory for all electronic fund transfers.

Q2: Can I use an old IFSC code if I still have it from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A2: No, you cannot. Following the merger, all old IFSC codes from Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new standardized IFSC code, PUNB0MBGB06, for all transactions related to Bihar Gramin Bank branches, including PARSATHUA.

Q3: What if I enter an incorrect IFSC code during a fund transfer?
A3: If you enter an incorrect IFSC code, the transaction will most likely fail immediately. The banking system validates the IFSC code against the beneficiary’s bank and branch. If it doesn’t match, the payment will not go through, and you will receive an error message. It’s crucial to double-check the code before confirming any transfer.

Q4: Is Bihar Gramin Bank a government bank?
A4: Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are government-owned banks that primarily serve rural areas. They are sponsored by a larger public sector bank, which in this case is Punjab National Bank.

Q5: How can I find the IFSC code if I don’t have internet access?
A5: While online searches are common, you can also find the IFSC code on your bank passbook or your bank’s cheque book. Alternatively, you can contact the bank branch directly via their phone number (9771464384 for PARSATHUA) or visit them in person to inquire.