Bihar Gramin Bank Sarairanjan IFSC Code

This article provides details about the Bihar Gramin Bank branch located in Sarairanjan, Samastipur, Bihar. Knowing the correct Indian Financial System Code (IFSC) for this branch is crucial. This unique code is essential for various digital money transfers, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, your funds will not reach the intended recipient’s account.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Sarairanjan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3944
Branch Address	Sarairanjan, Samastipur, 848127, 9955997850
Contact Number	9955997850
City	Samastipur
District	Samastipur
Reason	SAMASTIPUR
Pincode	848127
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). It was formed from the merger of several regional rural banks, including the former Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger led to a unified structure and a standardized set of IFSC codes under the Punjab National Bank’s sponsorship.

For the Sarairanjan branch of Bihar Gramin Bank, the valid IFSC code is PUNB0MBGB06. It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now revoked and no longer valid for transactions. Always use the current and unified IFSC code PUNB0MBGB06 for all your financial transfers to ensure they are processed correctly.

What is an IFSC Code?

An IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. The Reserve Bank of India (RBI) assigns this code to every bank branch in India. It acts like a unique digital address for each branch. This code helps identify the specific bank and branch for electronic fund transfers.

Let’s break down the IFSC code PUNB0MBGB06:

• The first four characters, PUNB, identify the bank. In this case, it signifies Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a 0 (zero). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters, MBGB06, identify the specific branch. “MBGB” likely stands for “Merged Bihar Gramin Bank” or a similar identifier, and “06” is the unique code for the Sarairanjan branch.

How to Use an IFSC Code

The IFSC code is crucial when you want to transfer money electronically from one bank account to another within India. Here’s how you use it for common transfer methods:

• NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches throughout the day. When initiating an NEFT transaction through your bank’s online portal or mobile app, you will need the beneficiary’s bank account number, account holder’s name, and the correct IFSC code for their branch (e.g., PUNB0MBGB06 for Sarairanjan).
• RTGS (Real Time Gross Settlement): RTGS is for large-value transactions, typically for amounts of 2 lakh rupees and above. These transfers are processed individually and in real-time. Similar to NEFT, you must provide the beneficiary’s account number, name, and the accurate IFSC code (PUNB0MBGB06) to complete the transaction.
• IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. It is commonly used for smaller, urgent transfers. When making an IMPS transfer, you will enter the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code (PUNB0MBGB06).

Always double-check the IFSC code before confirming any transaction. An incorrect code can lead to delays or the transfer going to the wrong account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or the branch you are sending money to, offers several key advantages:

• It ensures accurate and timely fund transfers through NEFT, RTGS, and IMPS.
• It helps prevent misdirection of funds, as the code specifically identifies the recipient’s branch.
• It is mandatory for setting up online banking services and linking external accounts.
• It allows for quick and secure digital payments, reducing the need for physical cash or cheques.
• It is often required when you fill out forms for various financial services or government schemes where bank account details are needed.

Contact Information

For any inquiries related to the Bihar Gramin Bank Sarairanjan branch, you can use the following contact details:

• Branch Phone Number: 9955997850
• Branch Address: Sarairanjan, Samastipur, 848127, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?

No, the IFSC code PUNB0MBGB06 is specific to the Sarairanjan branch of Bihar Gramin Bank. Each branch has its own unique IFSC code. You should always confirm the exact IFSC code for the specific branch you intend to transact with.

Q2: What is the difference between an IFSC code and a MICR code?

An IFSC (Indian Financial System Code) is an 11-character code used for electronic fund transfers like NEFT, RTGS, and IMPS. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code found on cheque leaves. It is primarily used for processing cheques and clearing purposes. Both codes are unique identifiers for bank branches but serve different functions.

Q3: Can I transfer money using an old Uttar Bihar Gramin Bank (UBGB) IFSC code?

No, you cannot. Following the merger, old IFSC codes for banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. You must use the new and unified IFSC code, such as PUNB0MBGB06 for the Sarairanjan branch, for all electronic fund transfers.

Q4: Where can I find the IFSC code for my Bihar Gramin Bank branch?

You can find the IFSC code on your bank’s chequebook, passbook, or account statement. It is also readily available on your bank’s official website or through online IFSC lookup tools. You can also contact your bank branch directly for this information.

Q5: What happens if I use a wrong IFSC code during a transaction?

If you use an incorrect IFSC code, your transaction will likely fail and the funds will not be transferred. In some cases, if the incorrect code belongs to an existing branch, the funds might be transferred to the wrong account, making recovery difficult. Always verify the IFSC code carefully before initiating any transfer.