Bihar Gramin Bank Rosera IFSC Code

Rosera, a vibrant town in the Samastipur district of Bihar, relies on efficient banking services for its residents and businesses. When you need to send money electronically to or from this location, understanding the Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address for bank branches, ensuring your funds reach the correct destination quickly and securely through systems like NEFT, RTGS, and IMPS.

Bihar Gramin Bank Rosera Branch Details

Here are the complete details for the Bihar Gramin Bank branch located in Rosera:

Bank Name	Bihar Gramin Bank
Branch Name	Rosera
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3960
Branch Address	Rosera, Samastipur, 848210
Contact Number	9955997867
City	Samastipur
District	Samastipur
Pincode	848210
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank is the result of a significant merger in the regional rural banking sector. Previously, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated independently. These institutions, along with others, were eventually merged to form the present Bihar Gramin Bank, sponsored by Punjab National Bank.

Following this merger, all branches of the unified Bihar Gramin Bank now use a standardized IFSC code format under Punjab National Bank’s sponsorship. For the Rosera branch, the valid IFSC code is PUNB0MBGB06. It is important to note that any old IFSC codes previously associated with entities like UBGB or DBGB are no longer valid for fund transfers. Always use the current code, PUNB0MBGB06, to ensure your transactions are processed correctly.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify each bank branch participating in online fund transfers. Think of it as a specific identifier for a particular branch.

The 11 characters of an IFSC code follow a standard structure:

• The first four characters are alphabetic and represent the bank. For example, “PUNB” in PUNB0MBGB06 indicates Punjab National Bank (which sponsors Bihar Gramin Bank).
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters are alphanumeric and identify the specific bank branch. In PUNB0MBGB06, “MBGB06” identifies the Rosera branch within Bihar Gramin Bank.

How to Use the IFSC Code for Fund Transfers

When you need to send money using online banking or mobile banking apps, you will typically need the recipient’s bank account number, account holder’s name, and the IFSC code of their bank branch. Here’s how you would use the IFSC code for common transfer methods:

• NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches throughout the day. When initiating an NEFT transaction, you input the recipient’s bank name, their account number, and the branch’s IFSC code. The system uses the IFSC code to route the funds to the correct branch.
• RTGS (Real Time Gross Settlement): RTGS is designed for large-value transactions, where funds are settled individually and immediately. Similar to NEFT, you provide the recipient’s bank details, including their account number and the IFSC code. The immediate nature of RTGS relies heavily on accurate IFSC information for quick processing.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on holidays. For IMPS, you’ll need the recipient’s Mobile Money Identifier (MMID) and mobile number, or their account number and IFSC code. Using the IFSC code ensures that the immediate transfer is directed to the correct bank and branch without delay.

Always double-check the IFSC code, account number, and recipient name before confirming any transaction to avoid errors.

Benefits of Knowing Your IFSC Code

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

• Accurate Fund Transfers: It ensures that your money reaches the intended recipient’s account at the correct bank branch without complications.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly and efficiently.
• Fraud Prevention: Using verified IFSC codes helps prevent funds from being misdirected due to incorrect or fraudulent branch information.
• Simplified Online Banking: Most online banking platforms require the IFSC code for setting up new beneficiaries, making it a fundamental part of digital transactions.
• Essential for Salary/Pension: For receiving salaries, pensions, or other direct bank transfers, providing your correct IFSC code is often a mandatory requirement.

Contact Information

For inquiries related to the Bihar Gramin Bank Rosera branch, or for general assistance:

• Branch Phone Number (Rosera): 9955997867
• Branch Address (Rosera): Rosera, Samastipur, 848210, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions

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

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, the IFSC code PUNB0MBGB06 is specific to the Rosera branch in Samastipur. Each branch of Bihar Gramin Bank has its own unique IFSC code. While the first few characters related to the bank (PUNB0MBGB) might be similar across many branches, the last six characters will differ to identify the specific branch.

Q2: What should I do if my transaction fails due to an incorrect IFSC code?
A2: If a transaction fails because of an incorrect IFSC code, the funds are usually returned to your account within a few hours or one to two working days. You should then verify the correct IFSC code with the recipient or their bank and attempt the transaction again.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on the first page of your bank passbook and on cheque leaves (usually near the top or bottom of the cheque). This is one of the most reliable ways to find your branch’s specific code.

Q4: Why did Bihar Gramin Bank change its IFSC codes after the merger?
A4: After the merger of regional rural banks like Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank to form the new Bihar Gramin Bank, a unified system under the sponsoring bank (Punjab National Bank) was adopted. This standardization ensures all branches operate under a consistent code structure, making interbank transactions smoother and more reliable within the new entity.

Q5: Is MICR code the same as IFSC code?
A5: No, MICR (Magnetic Ink Character Recognition) code is different from IFSC code. The MICR code is a 9-digit code used primarily for processing physical cheques. It helps identify the bank, city, and branch. The IFSC code, on the other hand, is an 11-character code specifically for electronic fund transfers like NEFT, RTGS, and IMPS.