Bihar Gramin Bank RO Samastipur IFSC Code

The Bihar Gramin Bank’s Regional Office (RO) in Samastipur, Bihar, serves a vital role for residents and businesses in the region. Understanding its Indian Financial System Code (IFSC) is crucial for anyone looking to make or receive electronic payments. An IFSC code acts like a digital address for a bank branch. It ensures that money transferred through systems like NEFT, RTGS, and IMPS goes to the correct bank and branch, making your transactions secure and efficient.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	RO Samastipur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3005
Branch Address	RO Samastipur, Samastipur, 848101, 9955997802
Contact Number	9955997802
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848101
State	Bihar

Merger Update for Bihar Gramin Bank

Previously, Bihar had two major regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form the single entity known as Bihar Gramin Bank. This consolidation streamlines banking services across the state.

As a result of this merger, all branches of the former Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank now operate under the unified Bihar Gramin Bank. The bank is sponsored by Punjab National Bank. This means that all transactions for branches like RO Samastipur now use a single, standardized IFSC code: PUNB0MBGB06.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked. They are no longer valid for fund transfers. For any electronic transaction with Bihar Gramin Bank, including the RO Samastipur branch, you must use only the new IFSC code, PUNB0MBGB06, to ensure your funds reach the intended recipient without delay or error.

What is an IFSC Code?

An IFSC, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in the electronic funds transfer system. It’s essential for all online money transfers. Understanding its structure helps in verifying its authenticity:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, it is PUNB, indicating its sponsoring bank, Punjab National Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters uniquely identify the specific branch. For the RO Samastipur branch, these characters are MBGB06.

So, for Bihar Gramin Bank RO Samastipur, the complete IFSC is PUNB0MBGB06. This specific code ensures that your electronic transfers are routed correctly to this particular branch.

How to Use an IFSC Code

The IFSC code is a mandatory detail when you perform electronic fund transfers using services like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS). Here’s how you typically use it:

• Adding a Beneficiary: When you want to send money to a new recipient, you first need to add them as a beneficiary in your online banking portal or mobile app. During this process, you will be asked for the beneficiary’s bank account number, their name, and their bank’s IFSC code.
• During NEFT Transactions: NEFT is typically used for transferring smaller amounts. When initiating an NEFT transaction, after selecting the beneficiary, your bank’s system will require the IFSC code to correctly identify the receiving branch.
• During RTGS Transactions: RTGS is designed for large-value transactions, where funds are transferred in real-time. Similar to NEFT, the IFSC code is a critical piece of information that directs the high-value transfer to the correct branch.
• During IMPS Transactions: IMPS allows for instant, 24/7 fund transfers. When using IMPS via account number and IFSC, you will input the beneficiary’s account number and the precise IFSC code to ensure immediate and accurate delivery of funds.

Always double-check the IFSC code before confirming a transaction to prevent any errors or delays in fund transfers.

Benefits of Knowing Your IFSC Code

Having easy access to your bank’s IFSC code offers several practical benefits for both individuals and businesses:

• Accurate Fund Transfers: It ensures your money reaches the correct recipient and bank branch every time, minimizing transfer errors.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly and smoothly.
• Enhanced Security: The unique identification helps prevent fraudulent transfers by clearly linking transactions to specific, verified branches.
• Convenience: Knowing the code makes it easier and quicker to set up online transfers or receive payments without needing to physically visit the bank.
• Financial Planning: For businesses, having the correct IFSC codes for clients and vendors is vital for timely payment processing and reconciliation.

Contact Information

• Branch Phone Number (RO Samastipur): 9955997802
• Branch Address (RO Samastipur): RO Samastipur, Samastipur, 848101
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions

Q1: What does IFSC stand for?
A: IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used for electronic fund transfers.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A: No, the IFSC code is unique for each specific branch. While the first five characters (PUNB0) are common for all Bihar Gramin Bank branches, the last six characters are different for every individual branch to identify it distinctly. For RO Samastipur, the specific code is PUNB0MBGB06.

Q3: What should I do if I enter a wrong IFSC code during a transfer?
A: If you enter an incorrect IFSC code, the transaction will likely fail and be rejected by the system. The funds would usually be credited back to your account within a few hours or one working day. However, in rare cases, if the incorrect IFSC code corresponds to another valid bank and branch and the account number also matches, the money might be transferred to the wrong account. Always verify the IFSC code carefully before confirming a transaction.

Q4: How can I find the IFSC code for a Bihar Gramin Bank branch?
A: You can find the IFSC code on your bank passbook, on the bank’s official website, through your mobile banking app, or by contacting the bank’s customer service. You can also find it on the cheque leaves issued by the bank.

Q5: Can I still use old IFSC codes from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A: No. Following the merger, all old IFSC codes belonging to Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. You must use the new, unified IFSC code, such as PUNB0MBGB06 for the RO Samastipur branch of Bihar Gramin Bank, for all electronic transactions.