Bihar Gramin Bank SAKHARA IFSC Code

In Sakhara, a key village in the Rohtas district of Bihar, reliable banking services are essential for daily life and economic activity. For anyone looking to send or receive money online, understanding the Indian Financial System Code (IFSC) is crucial. This unique code acts like a digital address for bank branches. It is absolutely necessary for various electronic fund transfer systems, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC code, these transactions cannot be processed, making it a vital piece of information for secure and efficient money movement.

Branch Details

Here are the specific details for the Bihar Gramin Bank branch located in SAKHARA:

Bank Name	Bihar Gramin Bank
Branch Name	SAKHARA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6973
Branch Address	SAKHARA, Rohtas, 821305
Contact Number	7070196973
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	821305
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). As a result of this merger, all branches, including SAKHARA, now operate under the unified structure of Bihar Gramin Bank, which is sponsored by Punjab National Bank (PNB). The specific IFSC code PUNB0MBGB06 is assigned for transactions involving these branches. It is important to know that any old IFSC codes previously associated with UBGB or DBGB branches are now revoked and no longer valid. For all fund transfers to Bihar Gramin Bank SAKHARA branch, you must use PUNB0MBGB06.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code. It uniquely identifies every bank branch in India participating in online money transfers. The structure of the code is simple:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This is kept as a control character for future use.
• The last six characters identify the specific branch. In this case, “MBGB06” points to the SAKHARA branch within the Bihar Gramin Bank system.

This unique code ensures that your money reaches the correct branch and account without error.

How to Use an IFSC Code

You will need the IFSC code whenever you perform an online fund transfer. Here’s how it’s used for common transaction types:

1. For NEFT (National Electronic Funds Transfer):
   • Log in to your bank’s online banking portal or mobile app.
   • Select the option for “NEFT Transfer.”
   • Add the beneficiary (the person you are sending money to).
   • You will need their name, account number, bank name (Bihar Gramin Bank), and the IFSC code (PUNB0MBGB06) for the SAKHARA branch.
   • Enter the amount and confirm the transaction.
2. For RTGS (Real Time Gross Settlement):
   • RTGS is used for large-value transactions, typically above Rs. 2 lakhs.
   • The process is similar to NEFT. You will log in, select “RTGS Transfer,” and add the beneficiary details.
   • Again, the beneficiary’s name, account number, bank name, and the correct IFSC code (PUNB0MBGB06) are essential.
3. For IMPS (Immediate Payment Service):
   • IMPS allows instant money transfers 24/7.
   • When setting up an IMPS transfer via your bank’s app or UPI app, you will input the beneficiary’s account number and the IFSC code (PUNB0MBGB06) of their bank branch.
   • Sometimes, you can also use their mobile number and MMID (Mobile Money Identifier) instead of account number and IFSC.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank SAKHARA branch offers several key benefits:

• Accurate Fund Transfers: It ensures that your money is transferred to the precise bank branch, preventing errors and delays.
• Faster Transactions: With the correct IFSC, NEFT, RTGS, and IMPS transactions are processed smoothly and quickly.
• Enhanced Security: The unique code adds a layer of security, verifying the destination of funds.
• Avoids Rejections: Transactions are often rejected if an incorrect or outdated IFSC code is used. Having the right one prevents this.
• Essential for Online Banking: It is a fundamental requirement for almost all online banking and mobile payment services when sending money to another bank account.

Contact Information

• Branch Phone Number (SAKHARA): 7070196973
• Branch Address (SAKHARA): SAKHARA, Rohtas, Pincode-821305, State-Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions

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

Q1: Is the IFSC code PUNB0MBGB06 specific to the SAKHARA branch?
A1: Yes, the last six characters of the IFSC code “MBGB06” specifically identify the SAKHARA branch of Bihar Gramin Bank. Each branch has its own unique IFSC code.

Q2: What happens if I use an old IFSC code from Dakshin Bihar Gramin Bank (DBGB) for a transaction to SAKHARA branch?
A2: If you use an old or incorrect IFSC code, your transaction will likely be rejected. It is crucial to use the current and valid IFSC code, PUNB0MBGB06, for all transfers to Bihar Gramin Bank SAKHARA.

Q3: Can I find the IFSC code on my passbook or cheque book?
A3: Yes, the IFSC code is usually printed on the first page of your bank passbook. It is also found on cheque leaves, typically near the branch address or in the MICR code band.

Q4: Is the MICR code also necessary for online fund transfers?
A4: No, the MICR (Magnetic Ink Character Recognition) code (800811002 for SAKHARA) is primarily used for processing physical cheques. For online fund transfers like NEFT, RTGS, or IMPS, only the IFSC code is required.

Q5: What should I do if my online transaction fails due to an incorrect IFSC code?
A5: If a transaction fails because of an incorrect IFSC code, the money is usually reversed to your account within a few hours or up to a day. You should re-initiate the transaction using the correct IFSC code (PUNB0MBGB06) for the Bihar Gramin Bank SAKHARA branch.