Bihar Gramin Bank Sarhwara IFSC Code

When you need to send or receive money electronically to the Bihar Gramin Bank branch in Sarhwara, located in the SARAN district of Bihar, understanding its Indian Financial System Code (IFSC) is crucial. This unique 11-character code acts like a digital address for the specific bank and branch, ensuring that your funds, whether sent via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), reach the correct destination without delay or error. It’s a mandatory piece of information for all online banking transactions.

Branch Details

Here are the key details for the Bihar Gramin Bank, Sarhwara branch:

Bank Name	Bihar Gramin Bank
Branch Name	Sarhwara
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100613
Branch Address	Sarhwara, SARAN, 841421
Contact Number	9297955195
City	SARAN
District	SARAN
Reason (sub-district/area)	CHAPRA
Pincode	841421
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger took place on January 1, 2019, under the sponsorship of Punjab National Bank (PNB). As a result of this consolidation, all branches of the former UBGB and DBGB now operate under the unified Bihar Gramin Bank name.

Importantly, with this merger, all previous IFSC codes associated with Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. The current and only valid IFSC code series for Bihar Gramin Bank branches, including the Sarhwara branch, begins with PUNB0MBGB. Therefore, for any transaction involving the Sarhwara branch, you must use the new code, PUNB0MBGB06. Using old or incorrect IFSC codes will lead to transaction failures.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch participating in the NEFT, RTGS, and IMPS systems in India. It is standardized by the Reserve Bank of India (RBI) to ensure accurate and secure electronic fund transfers.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, which is sponsored by Punjab National Bank, these characters are PUNB.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control character.
• The last six characters uniquely identify the specific bank branch. In the case of Sarhwara branch’s IFSC, PUNB0MBGB06, the last six characters MBGB06 point to this particular branch of Bihar Gramin Bank.

How to Use the IFSC Code

Using the IFSC code is an integral part of making electronic fund transfers. Here’s a general guide for NEFT, RTGS, and IMPS transactions:

1. Log in to Your Net Banking or Mobile Banking App: Access your bank account through the official online platform.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “Payments,” or “Send Money.”
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves providing:
   • Beneficiary Name
   • Beneficiary Account Number
   • Beneficiary Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary Branch Name (e.g., Sarhwara)
   • IFSC Code (PUNB0MBGB06)
   • Account Type (Savings or Current)

   Your bank might have a cooling period (e.g., 30 minutes) before you can transfer funds to a newly added beneficiary.

4. Initiate Transfer: Once the beneficiary is added or selected, enter the amount you wish to transfer.
5. Choose Transfer Type:
   • NEFT (National Electronic Funds Transfer): Suitable for transfers of any amount, processed in batches during specific hours.
   • RTGS (Real Time Gross Settlement): Ideal for high-value transactions (typically above ₹2 lakh), processed individually and in real-time.
   • IMPS (Immediate Payment Service): For instant transfers, available 24/7, even on holidays, suitable for smaller amounts.
6. Confirm and Authorize: Review all the details carefully, including the IFSC code, before confirming the transaction with your password or OTP (One-Time Password).

Benefits of Knowing the IFSC Code

Understanding and using the correct IFSC code offers several advantages for electronic banking:

• Ensures Accuracy: It directs funds to the exact bank and branch, minimizing the chances of error or misdirection.
• Speeds Up Transfers: Accurate IFSC codes facilitate quicker processing of NEFT, RTGS, and IMPS transactions.
• Mandatory for Online Transfers: It is a required field for all electronic fund transfers in India, ensuring compliance with RBI regulations.
• Unique Identification: Each branch has a distinct code, making it easy to differentiate between multiple branches of the same bank.
• Prevents Fraud: By pinpointing the destination branch, it adds a layer of security, reducing risks associated with manual errors.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank, Sarhwara branch, or its services, you can use the following contact details:

• Branch Phone Number: 9297955195
• Branch Address: Sarhwara, SARAN, 841421
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

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

Q: What is the IFSC code for Bihar Gramin Bank Sarhwara branch?
A: The IFSC code for Bihar Gramin Bank, Sarhwara branch, is PUNB0MBGB06. It is crucial to use this exact code for all electronic transfers.

Q: Are the old IFSC codes for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank still valid?
A: No, following the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, all old IFSC codes have been revoked. Only the new IFSC codes, such as PUNB0MBGB06, are valid for transactions.

Q: Why is the 5th character of the IFSC code always ‘0’?
A: The fifth character is a ‘0’ (zero) and is reserved for future use. It acts as a control character, providing flexibility for the RBI to expand the IFSC code structure if needed in the future.

Q: Can I transfer money without an IFSC code?
A: For electronic fund transfers like NEFT, RTGS, or IMPS, an IFSC code is mandatory. Without it, the transaction cannot be initiated or processed, as it is essential for identifying the specific beneficiary bank and branch.

Q: What should I do if I enter a wrong IFSC code during a transaction?
A: If you enter an incorrect IFSC code, the transaction will likely fail and the funds will be reversed to your account. However, if the incorrect IFSC code corresponds to an actual, different branch and account number, your funds might be transferred to the wrong beneficiary. In such cases, contact your bank immediately to report the error and seek assistance.