Bihar Gramin Bank Sain IFSC Code

If you need to send or receive money from the Bihar Gramin Bank branch in Sain, Vaishali, Bihar, understanding how electronic fund transfers work is crucial. Every bank branch in India has a unique identification code called the IFSC code. This code is essential for processing secure and swift online transactions through systems like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC code, your money transfer simply cannot go through.

Branch Details

Here are the specific details for the Bihar Gramin Bank, Sain branch:

Bank Name	Bihar Gramin Bank
Branch Name	Sain
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100179
Branch Address	Sain, VAISHALI, 844133, 9297955681
Contact Number	9297955681
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844133
State	Bihar

Merger Update for Bihar Gramin Banks

Many regional rural banks (RRBs) in Bihar have undergone mergers to streamline operations and enhance financial services. For instance, both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged into new entities which are now sponsored by Punjab National Bank.

The IFSC code PUNB0MBGB06 is specifically used for branches under the Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank. It’s vital to understand that any old IFSC codes previously used by banks like UBGB or DBGB have been revoked and are no longer valid for transactions. For any electronic fund transfers to or from branches that are now part of this merged structure under Punjab National Bank, you must use the current and unified IFSC code, such as PUNB0MBGB06, to ensure your transaction is successful. Using an outdated code will cause the transaction to fail.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It’s an 11-character alphanumeric code that uniquely identifies every bank branch participating in the NEFT, RTGS, and IMPS systems across India. Think of it as a unique digital address for a bank branch.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Madhya 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. In PUNB0MBGB06, “MBGB06” identifies the Sain branch of Madhya Bihar Gramin Bank.

How to Use an IFSC Code

Using the IFSC code is a simple but critical part of sending money electronically. Here’s how you typically use it for NEFT, RTGS, and IMPS transactions:

• Gather Beneficiary Details: Before starting a transfer, make sure you have the correct information for the person or entity you are sending money to. This includes their full name, account number, bank name, branch name, and, most importantly, the correct IFSC code.
• Log In: Access your net banking portal, mobile banking app, or visit your bank branch to initiate the transfer.
• Select Transfer Type: Choose the type of transfer you want to make – NEFT, RTGS, or IMPS.
  • NEFT (National Electronic Funds Transfer) is suitable for non-urgent transfers, processed in batches during banking hours.
  • RTGS (Real Time Gross Settlement) is for large-value, urgent transfers, processed individually and immediately.
  • IMPS (Immediate Payment Service) is for instant transfers, available 24/7, even on holidays.
• Add Beneficiary: If you haven’t transferred money to this person before, you’ll need to add them as a new beneficiary. You’ll enter their name, account number, and the IFSC code (PUNB0MBGB06 for Sain branch). The bank system will usually auto-fill the branch name and bank name once you enter the IFSC.
• Enter Amount: Specify the amount you wish to transfer.
• Confirm and Authorize: Review all the details carefully, especially the account number and IFSC code, to avoid errors. Confirm the transaction, often using an OTP (One-Time Password) or transaction password.

Benefits of Knowing the IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Accuracy in Transfers: It ensures your money goes to the correct bank and branch, preventing funds from being misdirected or returned.
• Speed of Transactions: IFSC codes facilitate quick processing of electronic transfers, making sure your money reaches its destination efficiently.
• Enhanced Security: By precisely identifying the destination branch, the IFSC code adds a layer of security to online transactions, reducing the chances of fraud.
• Convenience: It simplifies the process of sending and receiving money across different banks, making interbank transactions seamless from anywhere.
• Mandatory for Electronic Payments: It is a mandatory detail for all NEFT, RTGS, and IMPS transactions, allowing you to use modern digital banking services.

Contact Information

For any queries or assistance related to the Sain branch of Bihar Gramin Bank (operating as Madhya Bihar Gramin Bank):

• Branch Phone Number: 9297955681
• Branch Address: Sain, VAISHALI, 844133, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

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

The IFSC code for the Bihar Gramin Bank, Sain branch, operating under Madhya Bihar Gramin Bank, is PUNB0MBGB06.

Can I still use an old IFSC code for Bihar Gramin Bank branches?

No, if the branch is part of the merged entities under Punjab National Bank (like Madhya Bihar Gramin Bank, which includes previous entities like UBGB or DBGB), any old IFSC codes are no longer valid. You must use the new, unified IFSC code, such as PUNB0MBGB06, for all electronic transactions.

Is Bihar Gramin Bank sponsored by Punjab National Bank?

Yes, regional rural banks like Madhya Bihar Gramin Bank (which would include the Sain branch in Vaishali) are sponsored by Punjab National Bank. This sponsorship is reflected in the IFSC code’s “PUNB” prefix.

What happens if I enter an incorrect IFSC code during a fund transfer?

If you enter an incorrect IFSC code, your electronic fund transfer will typically fail. The transaction will either be rejected immediately or the funds will be returned to your account within a few business days, as the system cannot identify the correct destination branch.

How can I verify the correct IFSC code for a bank branch?

You can verify an IFSC code through several reliable sources: check your bank’s official website, look for it on your bank passbook or cheque book, or use the net banking or mobile banking app’s search function. Always cross-check to ensure accuracy before making a transaction.