Bihar Gramin Bank Purab Bazar IFSC Code

If you’re looking to transfer money to or from the Purab Bazar branch of Bihar Gramin Bank in Saharsa, Bihar, understanding its Indian Financial System Code (IFSC) is crucial. This unique 11-character code acts like a digital address, ensuring that your funds reach the correct bank and branch without any errors. It’s essential for all major electronic fund transfer methods, including NEFT, RTGS, and IMPS, making banking safe and efficient.

Branch Details

Here are the key details for the Purab Bazar branch of Bihar Gramin Bank:

Bank Name	Bihar Gramin Bank
Branch Name	Purab Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108004
Branch Address	Purab Bazar, SAHARSA, 852116, 9297954286
Contact Number	9297954286
City	SAHARSA
District	SAHARSA
Region	SAHARSA
Pincode	852116
State	Bihar

Merger Update

Previously, regional rural banks in Bihar operated under names like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). However, these banks have undergone a significant merger. Both Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have now merged into a single entity: Bihar Gramin Bank.

As part of this consolidation, all branches, including Purab Bazar, now operate under the sponsorship of Punjab National Bank (PNB). This means that all transactions for Bihar Gramin Bank branches use a unified IFSC code structure, which begins with “PUNB0.” The specific IFSC code for the Purab Bazar branch is PUNB0MBGB06.

It is important to note that any old IFSC codes associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are no longer valid. For any fund transfers to or from the Purab Bazar branch of Bihar Gramin Bank, you must use the new, consolidated IFSC code: PUNB0MBGB06. Using an outdated code will result in transaction failure.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify every bank branch in India participating in electronic funds transfer systems. It’s designed to ensure that money transfers are directed to the correct destination. The structure of an IFSC code is specific:

• The first four characters identify the bank. For Bihar Gramin Bank, under the sponsorship of Punjab National Bank, these are “PUNB”.
• The fifth character is always ‘0’ (zero). This is a control character reserved for future use.
• The last six characters identify the specific branch. For the Purab Bazar branch, these are “MBGB06”.

So, for PUNB0MBGB06:

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

How to Use IFSC Code

Using the IFSC code is a straightforward process when you’re performing an electronic fund transfer. Whether you’re sending money via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the steps are generally similar:

1. Log in to your banking portal or app: Access your net banking account or mobile banking application.
2. Select the fund transfer option: Look for “Fund Transfer,” “NEFT,” “RTGS,” “IMPS,” or “Send Money.”
3. Add a new beneficiary: If you haven’t sent money to this account before, you’ll need to add a new beneficiary.
4. Enter beneficiary details: You’ll be asked for the beneficiary’s name, account number, and bank name.
5. Input the IFSC Code: This is where you enter the specific code for the recipient’s branch, in this case, PUNB0MBGB06. Make sure to enter it accurately.
6. Confirm details: Double-check all the entered information, especially the account number and IFSC code, to avoid errors.
7. Enter the amount: Specify the amount you wish to transfer.
8. Initiate the transfer: Follow the prompts to complete the transaction.

For NEFT and RTGS, transfers are processed in batches or on a real-time gross basis during specific banking hours. IMPS offers instant transfers 24/7, even on holidays.

Benefits of Knowing IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Accurate Fund Transfers: Ensures that money is sent to the precise bank and branch, minimizing the risk of funds going to the wrong account.
• Faster Transactions: Facilitates quick processing of electronic transfers like NEFT, RTGS, and IMPS, as the system can instantly identify the destination.
• Essential for Online Banking: It’s a mandatory piece of information for almost all digital banking transactions involving other banks.
• Avoids Delays and Failures: Using the correct IFSC prevents transaction failures, reversals, or significant delays that can occur with incorrect information.
• Convenience: Allows you to initiate transfers from anywhere, anytime, without needing to visit the bank branch in person.

Contact

For direct inquiries or assistance related to the Purab Bazar branch, you can use the following details:

• Branch Phone Number: 9297954286
• Branch Address: Purab Bazar, SAHARSA, 852116, BIHAR
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank sponsor): 18001807777

FAQs

Here are some common questions about IFSC codes and Bihar Gramin Bank:

Q1: Is the IFSC code mandatory for all types of bank transactions?
A1: The IFSC code is mandatory for all electronic fund transfers within India, such as NEFT, RTGS, and IMPS. For cash deposits or withdrawals directly at the branch, or for internal transfers within the same bank using only an account number, it might not be explicitly required, but it’s always good to have.

Q2: What happens if I use an incorrect IFSC code?
A2: If you use an incorrect IFSC code, your transaction will likely fail and be rejected by the banking system. The funds will typically be reversed to your account. However, if the incorrect IFSC code corresponds to a different valid branch and the account number also matches an existing account at that branch, the funds might go to the wrong recipient. Always double-check both the IFSC and account number.

Q3: How can I find the IFSC code for other Bihar Gramin Bank branches?
A3: You can find IFSC codes on your bank passbook, cheque book, or by visiting the official website of Bihar Gramin Bank or Punjab National Bank. Many reliable third-party financial websites also provide IFSC search tools. You will need to know the bank name, state, district, and branch name.

Q4: Can the IFSC code change over time?
A4: Yes, an IFSC code can change, primarily due to bank mergers, acquisitions, or branch relocations. As seen with the merger of UBGB and DBGB into Bihar Gramin Bank, old IFSC codes were replaced with new ones. It’s always advisable to verify the latest IFSC code, especially if you haven’t transacted with a particular branch in a long time.

Q5: What is the difference between an IFSC code and a MICR code?
A5: Both are identification codes, but they serve different purposes. The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed at the bottom of cheque leaves, primarily used for processing cheques. The MICR code for Purab Bazar branch is 800811002.