Bihar Gramin Bank Sarai IFSC Code

The Bihar Gramin Bank branch in Sarai, located in the Vaishali district of Bihar, serves as a vital financial hub for the local community. For anyone looking to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code is a unique identifier required for secure and efficient fund transfers through systems like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures that your money reaches the correct bank and branch without errors, making it an indispensable part of modern banking transactions.

Branch Details Table

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

Bank Name	Bihar Gramin Bank
Branch Name	Sarai
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100915
Branch Address	Sarai, VAISHALI, 844125, 9297955040
Contact Number	9297955040
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844125
State	Bihar

Merger Update

Bihar Gramin Bank was formed as a result of the merger between Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation aimed to streamline operations and enhance banking services across the region. Consequently, all branches that previously belonged to UBGB or DBGB now operate under the unified Bihar Gramin Bank. The bank is sponsored by Punjab National Bank. As part of this merger and operational alignment, the IFSC codes previously used by Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked.

For any electronic fund transfers to or from the Sarai branch of Bihar Gramin Bank, or any other branch of Bihar Gramin Bank, you must use the updated IFSC code PUNB0MBGB06. This specific code signifies the bank’s affiliation and sponsorship by Punjab National Bank. Using any old or invalid IFSC code will cause your transaction to fail.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alpha-numeric code. It uniquely identifies every bank branch participating in electronic funds transfers. This code is critical for ensuring that money is sent to the precise branch account you intend. Understanding its structure can help you verify its authenticity:

• First four characters: These represent the bank’s name. For example, “PUNB” indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• Fifth character: This is always a zero (0). It is reserved for future use and acts as a control character.
• Last six characters: These identify the specific branch. For the Sarai branch, these characters are “MBGB06,” making the full code PUNB0MBGB06.

This standardized format helps in accurately routing transactions across different banks and branches within India.

How to Use IFSC Code

Using the IFSC code correctly is essential for successful online fund transfers. Here’s a simple breakdown of how to use it for different services:

• For NEFT (National Electronic Funds Transfer): When you initiate an NEFT transaction, you will need to provide the beneficiary’s bank name, beneficiary’s branch name, beneficiary’s account number, and the IFSC code (PUNB0MBGB06 for Sarai branch). NEFT transactions are processed in batches throughout the day.
• For RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions that need to be processed immediately. Similar to NEFT, you will enter the beneficiary’s bank name, branch, account number, and the correct IFSC code. The funds are transferred in real-time on a one-to-one basis.
• For IMPS (Immediate Payment Service): IMPS allows for instant fund transfers 24/7, including holidays. When using IMPS via mobile banking or internet banking, you’ll enter the beneficiary’s account number and the IFSC code. Some IMPS services may also allow transfer using a mobile number and MMID (Mobile Money Identifier).

Always double-check the IFSC code, account number, and beneficiary details before confirming any transaction to avoid delays or misdirected funds.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several practical benefits:

• Facilitates Fast Transfers: It ensures your NEFT, RTGS, and IMPS transactions are processed quickly and efficiently, as the code directs funds to the precise branch.
• Reduces Errors: Using the correct IFSC code minimizes the chances of money being sent to the wrong account or getting stuck due to incorrect routing information.
• Enhances Security: The unique identification helps in tracking transactions and adds a layer of security to electronic fund transfers.
• Enables Digital Banking: It is a fundamental requirement for most online banking services, allowing you to manage your finances digitally from anywhere.
• Universal Standard: The IFSC is a standardized code across all banks in India, making inter-bank transactions seamless and reliable.

Contact Section

If you need to get in touch with Bihar Gramin Bank or its Sarai branch, here are the contact details:

• Sarai Branch Phone Number: 9297955040
• Sarai Branch Address: Sarai, VAISHALI, 844125, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (for general inquiries): 18001807777

FAQs

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

Q1: What is the IFSC code for Bihar Gramin Bank Sarai branch?
A1: The IFSC code for Bihar Gramin Bank Sarai branch is PUNB0MBGB06.

Q2: Is Bihar Gramin Bank related to Punjab National Bank?
A2: Yes, Bihar Gramin Bank is a Regional Rural Bank that is sponsored by Punjab National Bank. The “PUNB” in its IFSC code (PUNB0MBGB06) reflects this sponsorship.

Q3: Can I use an old IFSC code for Bihar Gramin Bank branches that were previously Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A3: No, old IFSC codes for Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) are no longer valid. You must use the new, unified IFSC codes under Bihar Gramin Bank, such as PUNB0MBGB06, for all transactions.

Q4: What is the MICR code for Bihar Gramin Bank Sarai branch and what is its purpose?
A4: The MICR (Magnetic Ink Character Recognition) code for Bihar Gramin Bank Sarai branch is 800811002. This code is primarily used for processing paper-based transactions, like cheques. It helps in the speedy and accurate clearing of cheques.

Q5: How can I confirm the correct IFSC code for another Bihar Gramin Bank branch?
A5: You can confirm the correct IFSC code by checking your cheque book, visiting the official Bihar Gramin Bank website, or contacting the bank’s customer service. You can also visit the specific branch directly to inquire.