Bihar Gramin Bank Patilar IFSC Code

If you’re looking to send money to or from the Bihar Gramin Bank, Patilar branch in West Champaran, Bihar, you’ll need a specific code called the IFSC. This code is crucial for any online fund transfer. It ensures your money reaches the correct branch and account, whether you’re using services like NEFT, RTGS, or IMPS. Think of it as a unique digital address for this particular bank location.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Patilar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100237
Branch Address	Patilar, WEST CHAMPARAN, 845101, 9297955731
Contact Number	9297955731
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845101
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank is a result of the consolidation of various Regional Rural Banks (RRBs) in Bihar. This includes banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), among others, which merged to form the new entity. Now, Bihar Gramin Bank operates under the sponsorship of Punjab National Bank (PNB).

Due to this merger, the IFSC codes for branches that previously belonged to UBGB, DBGB, or other merged entities have changed. For the Patilar branch, and indeed for all branches under Bihar Gramin Bank, the single unified IFSC code PUNB0MBGB06 is now used. It is very important to note that any old IFSC codes previously associated with UBGB or DBGB are no longer valid for transactions. Always use the new code, PUNB0MBGB06, for all your fund transfers to ensure they are processed correctly.

What is an IFSC Code?

An IFSC code, which stands for Indian Financial System Code, is an 11-character alphanumeric code. It’s unique to each bank branch and is essential for electronic fund transfers within India. Let’s break down its structure using our example, PUNB0MBGB06:

• First 4 characters: These represent the bank. In our example, PUNB stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• Fifth character: This character is always a zero (0). It’s a control character reserved for future use.
• Last 6 characters: These identify the specific bank branch. For the Patilar branch, this part is MBGB06.

So, the code PUNB0MBGB06 clearly identifies that the transaction is for a Bihar Gramin Bank branch (sponsored by PNB) and directs it specifically to the Patilar location.

How to Use an IFSC Code

Using an IFSC code is straightforward when you want to transfer money electronically. Here’s a general guide for NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) transactions:

1. Log In: Access your bank’s internet banking portal or mobile banking app. If you prefer, you can also visit your nearest bank branch to initiate a transfer.
2. Select Transfer Option: Look for “Fund Transfer,” “Send Money,” or “Remittance” options.
3. Add Beneficiary: If you haven’t transferred money to this person before, you’ll need to add them as a new beneficiary. You will typically be asked for:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Confirm Beneficiary’s Account Number
   • Beneficiary’s Bank Name (Bihar Gramin Bank)
   • Beneficiary’s Branch Name (Patilar)
   • The IFSC Code (PUNB0MBGB06)
4. Enter Amount: Specify the amount of money you wish to transfer.
5. Confirm and Transact: Review all the details carefully, especially the account number and IFSC code, then confirm the transaction.

Accuracy is key; even a single incorrect digit in the IFSC or account number can lead to a failed transaction or, worse, funds being sent to the wrong recipient.

Benefits of Knowing Your IFSC Code

Understanding and using the correct IFSC code offers several advantages for your banking needs:

• It ensures your funds are transferred to the exact bank branch you intend, preventing errors in online transactions.
• It facilitates fast and secure electronic fund transfers through NEFT, RTGS, and IMPS, making banking more efficient.
• The code is a mandatory requirement for setting up various online payments and financial services, including bill payments and online shopping.
• It helps in streamlining banking operations, reducing the need for physical visits to bank branches for transfers.
• It acts as a unique identifier, adding an extra layer of security and verification to your financial transactions.

Contact Information

If you need to get in touch with the Patilar branch or the bank’s head office, here are the details:

• Patilar Branch Contact Number: 9297955731
• Patilar Branch Address: Patilar, WEST CHAMPARAN, 845101
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: What does IFSC stand for?
A: IFSC stands for Indian Financial System Code. It is a unique eleven-character code used to identify bank branches for electronic fund transfers.

Q2: Is the IFSC code the same as the MICR code?
A: No, they are different. The IFSC code is used for online fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code, typically found on cheque leaves, is a 9-digit code used primarily for processing cheques.

Q3: Can I transfer money without an IFSC code?
A: For NEFT, RTGS, and IMPS transactions, the IFSC code is a mandatory requirement. Without it, you cannot initiate these types of electronic fund transfers to another bank’s branch.

Q4: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A: No, only the first five characters (the bank and the ‘0’ placeholder) remain the same. The last six characters are unique to each individual branch of Bihar Gramin Bank, ensuring that money is directed to the correct location.

Q5: Why does the IFSC code for Bihar Gramin Bank start with “PUNB”?
A: Bihar Gramin Bank is a Regional Rural Bank (RRB) that is sponsored by Punjab National Bank (PNB). The “PUNB” in the IFSC code signifies this sponsorship, indicating the parent bank responsible for its operations and regulatory oversight.