Bihar Gramin Bank SAKRAICHA IFSC Code

This article provides details for the Bihar Gramin Bank branch located in SAKRAICHA, Patna. Knowing the Indian Financial System Code (IFSC) for this branch is essential for various digital fund transfers, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). This unique code ensures that your money reaches the correct bank and branch without delays.

Branch Details Table

Here are the key details for the Bihar Gramin Bank SAKRAICHA branch:

Bank Name	Bihar Gramin Bank
Branch Name	SAKRAICHA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6862
Branch Address	SAKRAICHA, Patna, 804453, 7485096862
Contact Number	7485096862
City	Patna
District	Patna
Reason	PATNA
Pincode	804453
State	Bihar

Merger Update

For customers of the Bihar Gramin Bank, it is important to understand a significant change in the banking structure. Both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have undergone a merger process. These two entities have now merged to form a single, unified bank: the Bihar Gramin Bank. This new entity is sponsored by Punjab National Bank (PNB).

As a result of this merger, all branches of the erstwhile UBGB and DBGB, including the SAKRAICHA branch, now operate under a consolidated IFSC code system. The new, valid IFSC code for this branch is PUNB0MBGB06. It is crucial to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked and are no longer valid for transactions. To ensure successful fund transfers, you must use only the new IFSC code PUNB0MBGB06 for all future NEFT, RTGS, and IMPS transactions involving the Bihar Gramin Bank.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch in India. It is critical for electronic fund transfers. The code has a specific structure:

• The first four characters represent the bank name. In the case of PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use and acts as a control digit.
• The last six characters represent the specific branch code. For PUNB0MBGB06, ‘MBGB06’ identifies the SAKRAICHA branch within the Bihar Gramin Bank’s system.

This unique combination ensures that your funds are directed to the exact branch you intend.

How to Use IFSC Code

Using the IFSC code is a straightforward process when initiating electronic fund transfers. Here’s how it works for common transaction types:

• For NEFT (National Electronic Funds Transfer):

  When you want to transfer money via NEFT, you will need the beneficiary’s bank account number, account holder’s name, and the correct IFSC code of their bank branch. You enter these details into your online banking portal or a bank’s NEFT form. NEFT transactions are processed in batches throughout the day.

• For RTGS (Real-Time Gross Settlement):

  RTGS is used for high-value transactions, typically for amounts of two lakh rupees or more. Like NEFT, you provide the beneficiary’s account number, name, and the IFSC code of their branch. RTGS transactions are processed individually and in real-time, meaning funds are transferred almost instantly.

• For IMPS (Immediate Payment Service):

  IMPS allows for instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking apps or internet banking. You’ll need the beneficiary’s account number and IFSC code, or sometimes just their mobile number and MMID (Mobile Money Identifier). IMPS is convenient for immediate, smaller transfers.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transaction to avoid errors.

Benefits

Knowing and using the correct IFSC code offers several advantages:

• Accurate Fund Transfers: It guarantees that your money is sent to the precise bank and branch you intend, reducing the risk of funds going astray.
• Faster Processing: The unique identification helps streamline the processing of NEFT, RTGS, and IMPS transactions, leading to quicker transfers.
• Enhanced Security: By clearly identifying the destination, it adds a layer of security to electronic transactions, minimizing manual errors.
• Mandatory for Digital Banking: It is a compulsory requirement for almost all online and electronic fund transfer methods, enabling seamless digital banking.
• Branch Identification: It helps you quickly identify the specific branch for any banking-related queries or visits, even if you only know the bank name.

Contact Section

If you need to get in touch with the Bihar Gramin Bank SAKRAICHA branch or the head office, here are the details:

• Branch Phone Number: 7485096862
• Branch Address: SAKRAICHA, Patna, 804453, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank IFSC code:

Q1: What is the full name of the bank for which PUNB0MBGB06 is the IFSC code?
A1: While ‘PUNB’ stands for Punjab National Bank (the sponsoring bank), ‘MBGB’ refers to Mahatma Gandhi Bihar Gramin Bank, which is the current name of the merged entity, often referred to simply as Bihar Gramin Bank.

Q2: Can I still use the old IFSC code for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A2: No, all old IFSC codes for Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new IFSC code, such as PUNB0MBGB06, for all transactions with Bihar Gramin Bank branches.

Q3: What happens if I use an incorrect IFSC code for a transaction?
A3: If you use an incorrect or invalid IFSC code, your transaction will likely fail. The funds will not be debited from your account or will be reversed after some time. It’s crucial to verify the IFSC code before initiating any transfer.

Q4: Where can I find the IFSC code for other Bihar Gramin Bank branches?
A4: You can typically find the IFSC code on your bank passbook, cheque book, or by visiting the official website of Bihar Gramin Bank or Punjab National Bank. Many reliable third-party financial websites also provide this information.

Q5: Is the MICR Code also unique to each branch?
A5: Yes, similar to the IFSC code, the MICR (Magnetic Ink Character Recognition) code is also unique to each bank branch. It is an 9-digit code primarily used for processing cheques. The MICR code for SAKRAICHA branch is 800811002.