Bihar Gramin Bank SABALPUR IFSC Code

When you need to transfer money digitally, knowing the correct Indian Financial System Code (IFSC) is crucial. For the Bihar Gramin Bank’s Sabalpur branch, located in Patna, Bihar, this unique code ensures your funds reach the right recipient quickly and securely. Whether you are sending money through NEFT, RTGS, or IMPS, the IFSC acts like a digital address, guiding your transaction to the correct bank and branch.

Bihar Gramin Bank – Sabalpur Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	SABALPUR
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6873
Branch Address	SABALPUR, Patna, 800009, 7485096873
Contact Number	7485096873
City	Patna
District	Patna
Reason	PATNA
Pincode	800009
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks now operate under the unified identity of Bihar Gramin Bank. This integration means that all branches, including Sabalpur, use a single, standardized IFSC code pattern under the sponsorship of Punjab National Bank. The specific IFSC code for Bihar Gramin Bank, Sabalpur branch, is PUNB0MBGB06.

It’s important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. Always use the current IFSC code, PUNB0MBGB06, for any fund transfers to or from the Sabalpur branch of Bihar Gramin Bank to ensure your transaction is processed successfully.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch in India. It is essential for electronic fund transfers. The code is structured in a specific way:

• The first four characters represent the bank’s name. In the case of PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This character is reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters identify the specific branch. For the Sabalpur branch, this part is “MBGB06”.

This unique structure helps the Reserve Bank of India (RBI) track and regulate financial transactions across different bank branches efficiently.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are making digital payments. Here’s how it generally works for different types of electronic transfers:

• NEFT (National Electronic Funds Transfer): When you want to send money via NEFT, you will need the beneficiary’s bank account number, their name, and the IFSC code of their bank branch. You input these details into your bank’s online banking portal or mobile app. The funds are processed in batches throughout the day.
• RTGS (Real Time Gross Settlement): For large-value transfers (typically Rs. 2 lakhs and above), RTGS allows for real-time settlement of funds. Similar to NEFT, you will need the beneficiary’s account number, name, and the correct IFSC code for their branch. Transactions are processed individually and immediately.
• IMPS (Immediate Payment Service): IMPS offers instant fund transfers, even on holidays and weekends. To use IMPS, you’ll need the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code. This service is available 24/7.

Always double-check the IFSC code and other beneficiary details before confirming a transaction to avoid any delays or incorrect transfers.

Benefits of Knowing the IFSC Code

Having the correct IFSC code for the Bihar Gramin Bank, Sabalpur branch, offers several advantages:

• Ensures Accurate Transfers: The primary benefit is directing your money to the precise bank branch, preventing funds from going to the wrong account.
• Facilitates Online Transactions: It is mandatory for all major electronic fund transfer methods like NEFT, RTGS, and IMPS, making online banking possible.
• Saves Time: With the correct code, transactions are processed smoothly and quickly, avoiding delays that can occur from incorrect information.
• Enhances Security: The unique identification helps in tracking financial flows, adding a layer of security to your banking activities.
• Broad Accessibility: It allows you to send or receive money from any bank account in India, regardless of geographic location.

Contact Information

For inquiries related to the Sabalpur branch or Bihar Gramin Bank:

• Sabalpur Branch Phone Number: 7485096873
• Sabalpur Branch Address: SABALPUR, Patna, 800009, 7485096873
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Why is an IFSC code necessary for online money transfers?
A1: An IFSC code is crucial because it acts as a unique identifier for each bank branch. It ensures that when you send money digitally through NEFT, RTGS, or IMPS, your funds are accurately routed to the correct beneficiary bank and specific branch, preventing errors and delays.

Q2: What happens if I enter an incorrect IFSC code during a transaction?
A2: If you enter an incorrect IFSC code, your transaction will likely fail or be rejected by the system. The money will typically not be debited from your account, or if it is, it will be reversed. It’s always best to double-check the code to avoid any processing issues.

Q3: Can I find the IFSC code on my bank passbook or chequebook?
A3: Yes, the IFSC code is usually printed on your bank’s chequebook, often near the bank name or account number. It is also found on your passbook or statement. These are reliable sources for confirming the correct code.

Q4: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A4: No, the first four characters “PUNB” (for Punjab National Bank) and the fifth character “0” are common across all Bihar Gramin Bank branches as they are sponsored by Punjab National Bank. However, the last six characters are unique to each specific branch, identifying it distinctly.

Q5: Can I use the Sabalpur branch’s IFSC code for other Bihar Gramin Bank branches?
A5: No, each branch of Bihar Gramin Bank has its own unique IFSC code. You must use the specific IFSC code for the branch where the beneficiary holds an account. Using the Sabalpur branch’s code for a different branch will result in a failed transaction.