Bihar Gramin Bank Sabeya IFSC Code

The Bihar Gramin Bank’s Sabeya branch is an important financial hub located in the West Champaran district of Bihar. It serves the Sabeya area, with Bettiah being a significant nearby town and administrative center. For anyone needing to send or receive money electronically, knowing the Indian Financial System Code (IFSC) for this branch is crucial. This unique code ensures that your funds reach the correct bank and branch without error when using systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Sabeya
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100275
Branch Address	Sabeya, WEST CHAMPARAN, 845103
Contact Number	9297954084
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845103
State	Bihar

Merger Update

Bihar Gramin Bank, like many regional rural banks (RRBs) in India, has undergone significant changes over time, including mergers designed to improve efficiency and reach. Previously, banks such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated independently. However, these entities have merged, leading to a unified structure under Bihar Gramin Bank. As part of this consolidation, all branches, including Sabeya, now use a single, standardized IFSC code: PUNB0MBGB06. This code is officially sponsored by Punjab National Bank.

It is vital to understand that any old IFSC codes previously associated with UBGB or DBGB are no longer valid for transactions. To ensure your electronic fund transfers are successful, you must always use the new, unified IFSC code PUNB0MBGB06 for any transaction involving Bihar Gramin Bank, Sabeya branch, or any other branch of the merged entity. Using an outdated code will result in transaction failure.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code. It’s used to identify every bank branch in India participating in electronic fund transfer systems like NEFT, RTGS, and IMPS. Think of it as a specific address for a bank branch that helps guide your money to the right place.

The 11 characters of an IFSC code are structured in a specific way:

• The first four characters identify the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain standardization across all IFSC codes.
• The last six characters represent the specific bank branch. In PUNB0MBGB06, “MBGB06” identifies the Sabeya branch of Bihar Gramin Bank.

How to Use IFSC Code

Using the IFSC code is a straightforward process for electronic fund transfers. Whether you’re sending money via NEFT, RTGS, or IMPS, the steps are largely similar:

1. Log in to Your Banking Platform: Access your net banking portal or mobile banking app.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary (if new): If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves providing their details:
   • Beneficiary Name
   • Beneficiary Account Number (confirm twice for accuracy)
   • Beneficiary Bank Name (Bihar Gramin Bank)
   • Beneficiary Branch Name (Sabeya)
   • Beneficiary IFSC Code (PUNB0MBGB06)
4. Select Beneficiary and Enter Amount: Once the beneficiary is added (or if they are already saved), select them from your list. Then, enter the amount you wish to transfer.
5. Confirm and Authorize: Review all the details carefully – beneficiary name, account number, IFSC code, and transfer amount. Then, confirm the transaction, often by entering a transaction password or OTP (One-Time Password).

Each transfer method works slightly differently:

• NEFT (National Electronic Funds Transfer): Processes transfers in batches throughout the day. Your money will typically reach the recipient within a few hours.
• RTGS (Real Time Gross Settlement): Designed for large-value transactions. Funds are transferred individually and in real-time, meaning the recipient gets the money almost instantly.
• IMPS (Immediate Payment Service): Provides instant, 24/7 interbank electronic fund transfers through mobile phones and internet banking, regardless of banking hours.

Benefits

Knowing the correct IFSC code for Bihar Gramin Bank, Sabeya branch, offers several important benefits for your financial transactions:

• Accurate Fund Transfers: It ensures your money goes to the exact intended bank branch, minimizing the risk of funds being misdirected to the wrong account or branch.
• Faster Processing: Correct IFSC codes help automate the transfer process, leading to quicker crediting of funds to the recipient’s account.
• Security: The unique identification helps in tracking transactions and adds a layer of security to electronic fund transfers.
• Essential for Online Banking: It’s a mandatory piece of information for initiating NEFT, RTGS, and IMPS transactions through internet banking or mobile banking apps.
• Streamlined Operations: For both individuals and businesses, having the correct code reduces errors and the need for manual intervention, making financial operations smoother.

Contact Information

Should you need to reach out to the Bihar Gramin Bank, Sabeya branch, or their head office, here are the contact details:

• Sabeya Branch Contact Number: 9297954084
• Sabeya Branch Address: Sabeya, WEST CHAMPARAN, 845103, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Customer Care): 18001807777

FAQs

What is the IFSC code for Bihar Gramin Bank, Sabeya branch?

The IFSC code for Bihar Gramin Bank, Sabeya branch, is PUNB0MBGB06. It’s crucial for all electronic fund transfers.

Why is the IFSC code for Bihar Gramin Bank sponsored by Punjab National Bank?

Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are sponsored by larger public sector banks, which provide support and oversight. In this case, Punjab National Bank is the sponsoring bank for Bihar Gramin Bank. The “PUNB” in the IFSC code signifies this sponsorship.

Can I use an old IFSC code from Uttar Bihar Gramin Bank for the Sabeya branch?

No, you cannot. Following the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) into Bihar Gramin Bank, all old IFSC codes are revoked. You must use the unified and current IFSC code, PUNB0MBGB06, for all transactions.

Is the MICR code also important for online transfers?

While the IFSC code is primarily used for NEFT, RTGS, and IMPS, the MICR (Magnetic Ink Character Recognition) code is typically used for processing physical cheques. It helps in quickly identifying the bank and branch for cheque clearing. For online electronic transfers, the IFSC code is the primary identifier.

What if I enter the wrong IFSC code during a transaction?

If you enter an incorrect IFSC code, your electronic fund transfer will most likely fail. The banking system relies on this code to route money to the correct branch. If the code doesn’t match a valid branch or account, the transaction will not go through, and the funds will usually be returned to your account. Always double-check the IFSC code and account number before confirming any transfer.