Bihar Gramin Bank SAHER TELPA IFSC Code

Located in the Arwal district of Bihar, the SAHER TELPA branch of Bihar Gramin Bank provides essential banking services to the local community. For anyone looking to send or receive money online, understanding the branch’s Indian Financial System Code (IFSC) is critical. This unique 11-character code acts like a specific address for the bank branch, ensuring that funds transferred through systems like NEFT, RTGS, and IMPS reach the correct account without any delays or errors.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	SAHER TELPA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	SAHER TELPA, Arwal, 804419, 9771464124
Contact Number	9771464124
City	Arwal
District	Arwal
Region	AURANGABAD
Pincode	804419
State	Bihar

Important Update on Bank Merger

Previously, banking in the region was handled by two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have been amalgamated to form a single entity, now known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).

As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB branches are now invalid and have been revoked. For all transactions, customers must use the new IFSC code, which starts with ‘PUNB’ to reflect the sponsorship by Punjab National Bank. For the SAHER TELPA branch, the only valid IFSC code is PUNB0MBGB06.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch. It is designed to uniquely identify each branch in the country and streamline electronic fund transfers. The code has a specific structure that helps route transactions correctly.

Let’s break down the IFSC code for the SAHER TELPA branch, PUNB0MBGB06:

• PUNB: The first four characters represent the name of the sponsor bank. In this case, it stands for Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters form the branch code, which uniquely identifies the SAHER TELPA branch.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code to transfer money is a straightforward process. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same for NEFT, RTGS, or IMPS transactions.

1. Log in to your net banking account or mobile banking application.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select the option to add a new beneficiary or payee.
4. Enter the recipient’s details: their name, bank account number, and account type.
5. In the IFSC field, carefully enter PUNB0MBGB06.
6. After verifying the details, confirm the new beneficiary. You can now initiate a transfer to this account.

Benefits of Using the Correct IFSC Code

Knowing and using the correct IFSC code is more than just a formality. It offers several practical advantages:

• Accurate Routing: It guarantees that your money is sent to the exact branch and account you intended, eliminating guesswork.
• Reduced Errors: It significantly minimizes the chances of transaction failure or funds being credited to the wrong account.
• Faster Processing: Correct codes enable automated processing by banking systems, leading to quicker credit times for NEFT, RTGS, and IMPS transfers.
• Transaction Security: It adds a layer of validation to electronic transactions, ensuring the destination bank and branch are legitimate.

Contact Information

For any direct inquiries or assistance, you can reach out to the branch or the bank’s head office.

Branch Contact

• Phone Number: 9771464124
• Address: SAHER TELPA, Arwal, Bihar – 804419

Head Office

• Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. Following the merger, all old IFSC codes for DBGB and UBGB have been decommissioned. You must use the new IFSC code, PUNB0MBGB06, for all future transactions to ensure they are processed successfully.

2. What happens if I enter the wrong IFSC code during a transfer?
If the IFSC code is incorrect, the transaction will most likely fail. The funds will be reversed and credited back to your account, but this process may take a few business days. In rare cases where the incorrect code matches another valid branch, the funds could be misdirected, causing significant delays.

3. Is the IFSC code the same as the MICR code?
No, they serve different purposes. The IFSC code is used for electronic fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf and is used exclusively for processing cheques.

4. Where can I find the IFSC code for my branch?
The IFSC code is printed on the chequebook and the front page of the passbook issued by the bank. It is also available on the bank’s official website and can be confirmed by contacting the branch directly.

5. Do I need an IFSC code for UPI transactions?
Typically, you do not need to enter an IFSC code for standard UPI payments made to a VPA (Virtual Payment Address) or by scanning a QR code. However, the UPI system is built on top of the IMPS platform, and your bank account, which is linked to your UPI ID, is identified by its account number and IFSC code in the background.